explain this grade please?

http://cgi.ebay.com/1947-S-NGC-CAC-...em&pt=Coins_US_Individual&hash=item19bd65616d

How did the TPG arrive at this grade?

Thanks,

Lack

 

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Because that Washington has exceptional eye appeal so NGC gave it a star grade. Star grade by NGC is not given to non-US coins, nor for MS/PR-70 coins.

The coins receiving a star to their grade must be free of planchet irregularities, and have no unattractive blemishes or spots.

The seller has over priced that coin. NGC values that coin at $51.25.

 

If you are referring to all the lines on the surface of the coin, the description says die
polish lines are visible at some angles, the photo appears to highlight them and make them
look like scratches on the coin. I would assume if NGC and CAC both agreed on MS-66 star they are die polish lines, but you know what happens when you assume. The pictures sure dont make it look very attractive.

 

Here's the photo from NGC's website:

 

thanks bigjpst, I agree that coin looks horrible in the close ups. I guess this proves that high grade does not = good looking. I thought the visual aspect would play more f a part on * and CAC coins.

Lack

 

I guess excessive die polish lines are acceptable. As far as the CAC The coin may be a technical 66...I wonder if the green bean agrees with the star.

 

First off, the camera tends to emphasize minor marks on a coin AND people tends to further emphasize the marks because the pictures are blown up. The marks are bigger on the picture, therefore they are bigger on the coin. Wrong! Just look at the "Guess the Grades" I have been running. Out of the 36 up so far, I think there has only been one (two?) where the average guess was as high as equal to the actual grade.

Secondly, die polish lines etc. do not count against the coin. I have trouble understanding how they do not count against the eye appeal, but here is a quote from PCGS you might find interesting. BTW, that in my bolding.

 

I agree with you that the photos emphasize the lines in the coin and I have been watching your guess the grade and participated in the contest bahabully did. I am by no means an expert or even experienced grader. I just don't agree with how it could recieve the star, prooflike or not.

 

I'm a little stymied by that myself. I don't know much about the star addition to the grade issued by NGC, but from their own description of how a coin receives a star, this coin falls from the requirements.

 

If you are asking if I think it deserves a star, no. At least not from what I can make out from the picture. If you are asking if prooflike is a reason by NGC rules for a star, absolutely yes.

 

I think that coin is overgraded. The eye appeal, to me anyway, is lacking with all those lines on both sides, and a lot of them are over the relief of Washingtons face and neck. Certainly not worth seller's asking price.

 

You have said that before. Then could you please explain The Penny Lady's 1862 Indian http://www.cointalk.com/t113912/ and somewhere she has pictures of other similar coins that I cannot find.

 

Thanks to Doug I feel somewhat vindicated in my understanding on the coins grade. I realize that I have (no where near) the expertise of those that assigned this grade. I also realize that there are times when I prefer a lower grade coin over a higher grade one, due to the appeal to my personal preferences. I guess thats what makes collecting an art?

Lack

 

You have to remember something about TPG grading. It's not consistent, or exact. It's the opinion of the person(s) grading the coin. Just to give you an example:

A fellow numismatist I've known for many years, often sends coins to PCGS, and NGC, for obvious reasons, and there are times he disagrees with the grade placed on his coin(s). He resubmits about 15% of what he sends in, for re-grading. Often times the same coin that graded MS-62 will come back lower, and other times one may come back higher. He did a little experiment with 3 coins he submitted to PCGS. Three 1887 Morgans. They came back with 2 grading MS-63 and 1 MS-64. He cracked them out of the PCGS slabs, and submitted them to NGC. NGC graded them as follows:

1 graded by PCGS as MS-63 now graded by NGC as MS-65, the other PCGS MS-63 remained the same.

The MS-64 PCGS graded Morgan is now NGC AU-50.

I thought he was nuts for paying the expense to send the same three Morgans to two different TPGs, but he wanted to see ho consistant and exact coin grading is by TPGs.

Go figure!

 

The dies are polished like that before they're even used for the first time correct?

 

WOW! I can see Dougs avatar in the left obverse field! Check it out! HAHAHAHAHAHA