Problem is, that is based on PCGS standards only. As previously stated, NGC requires both upper and lower sets of lines to be distinct and unbroken.
GD, I am citing two recent submissions which came back from NGC as MS65"s "FBL" which according to their standards should not have received a "FBL" designation. Luck happens sometimes. Now I have, after re-reading my original post on this subject , and in error stated , the specimen in question had a better shot at coming back a 65/66 FBL from NGC. Which is not what I intended to say. I am suggesting the advantage there is to submit to NGC and obtain a MS66 vs submitting to PCGS and having it come back a MS65 FBL. I hope that better clarifies my opinion . Do you think it would grade a MS66/NGC ? I suggested looking at the value differentials , I haven't looked into that. Please feel free to reply, as I am always willing to learn something I didn't know.:bow:
See, I disagree here. I feel this coin is a borderline FBL at best. If you want a borderline coin to grade FBL you are better off sending it to PCGS IMHO because they are not as strict with the designation. While agree that they are a waste because they are basically doing what a collector should be able to do (access the coin in the slab), I have yet to see a CAC stickered coin that wasn't nice for the grade.
ok , so given you opinion , the question is , do you feel that NGC might grade the coin MS66? I think it would. which would you rather have a borderline 65FBL or the NGC MS66? Wow lots of input coming in on this.
I think the coin has a couple marks on it that would keep it from going MS66 at either TPG. I think both NGC and PCGS would call this coin an MS65. But, I feel that PCGS is more likely to give it a FBL. Now, to answer your question...I don't know which I would rather have. I look at the coin first and foremost without much regard for the grade on the slab. I would think a slabbed MS66 would carry more value than a MS65FBL but you never know. It all depends on rarity of the grade.
You are talking about two entirely different things. The grade assigned, whether it be 66, 65 or 62 for that matter - has absolutely nothing to do with the FBL designation. The special designation, FBL, is entirely separate from the grade of the coin. I gather that what you are trying to explain is that you would prefer to send the coin to PCGS because you think they are tougher on grading the Frankies - thus you feel they would give the coin a 65; while you think NGC would give the coin a 66. You also apparently think PCGS would give the coin an FBL designation and feel that NGC would not. Well, I don't think either TPG would assign an FBL. Neither do I think either of them would give the coin a 65, let alone a 66. I think both would grade the coin as MS64.
I do understand that the GRADE AND "FBL" designation are Independent. And yes, you have somewhat ciphered my thinking process about which TPG to use and my thinking of why I would investigate further the grade vs designation pricing differentials . I can understand how that is a mute point of consideration for you , as a 65FBL or a MS66/65 is perhaps an issue of over-grading on my part. :bow:
I think if you were asking if it would be better to own a MS66 or a MS65 FBL I think the proper answer is "it depends." With all coins, each date is different for strike quality. I don't know much about specific years of the Franklin series...but what I do know is FBL is a way to access the strike quality. If you had a year that was well known to be poorly struck, then FBLs would be rare and the MS65 FBL would probably be more desirable than the MS66. But, if you had a well struck date where the FBL's aren't incredibly scarce...then the higher grade is probably the more desirable coin. So, I think it depends on the coin. I don't know what years in this series are harder for FBL's so I really can't answer this question.