What you can't see in the picture is the luster and eye-appeal.....those are VERY important factors when you get into the higher grades.
Especially on steel cents. Steel cents are very prone to oxidation and hazing. A couple of the 67's posted appear to be a bit hazy. It's just a matter of fact with these things. I have looked at a lot of mint state steel cents over the years and finding completely problem free coins is very hard.
I think you're both crazy - I see 8. Elizabeth !! I'm comin darlin !! - he says as he grabs his chest in his best Fred Sanford imitation - I'm agreeing with Lehigh on a coin's grade :bigeyes: NGC blew it big time on this coin.
I said 67. I see a few other areas as well. It may be on the plastic, but I see a mark of some sort at about 2:00 on obverse as well as below IB on obverse. Also on reverse a hit mark on the D of United. Guy~
With all due respect, every aspect of grading is very important when you are assigning an MS69 grade to a non-modern coin. Doug counted 8 hits on this coin. IMO, if a coin has more than two very minor surface marks it does not deserve an MS69 grade. This coin is no exception. I can live with the coin in an MS68 holder but there is no way this should be a singular example of an MS69 steel cent. While I agree about what you are talking about. The issue is not whether or not the 66's and 67's in this thread should be MS69's, the issue is that the MS69 in this thead should not be an MS69.
UPDATE: I was at Heritage lot viewing in Beverly Hills this morning to view this coin (and many others). This coin has been pulled from the auction and was not available for viewing. I heard that the coin had been taken back as a "mechanical error." I'm not sure who pulled it from the auction but it seems likely that NGC or Heritage also thought the coin was obviously not an MS69 and have taken the coin out of the auction to presumably be reholdered in its correct lower grade.
What about the marks on Lincoln's cheek? This coin doesn't look anywhere near MS69. I'd go 66, possibly 67 if it had strong luster.
While that is outstanding news, we need to find out exactly what happened. The curiosity is killing me. Who are our Heritage boys, Stewart, Cave Troll?
Since dealers typically submit far more coins than collectors, it is to be expected that dealers get more high grades. That doesn't mean that they are treated any better than collectors are by the grading companies.
Paul, I probably would have guessed MS66 from the images. I'm guessing it looked somewhat different/better at the time it was encapsulated. But even if it did, I still couldn't see an MS68 or MS69 for it, and maybe not an MS67.