hone your grading skills on this Lincoln

It is graded by NGC:






Enjoy...Mike

 

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I'll take a shot...a MS67RD. It sure is more pretty than my 65 RD

 

GULP! MS-66-RD

B

 

I'll go MS-67RD. Very nice and looks like my MS-67RD wheats. Really beautiful coin.

 

MS67 RD it looks like. That's a great looking coin!

EDIT: I changed my mind after looking some more. :kewl: I'm going MS 66 RD also.

 

looks cleaned to me, or dipped, unless the picture is unusally dull for some odd reason.

 

If it weren't for those little scratches on the cheek, I'd say MS67 Red, but I'm going to go with MS 66 Red.

 

I'm assuming that white smudge under the "O" in "GOD" is on the holder, not the coin... so, MS-66RD PRETTY COIN!

 

There is a big gouge on the shoulder, so I'm going to say 64/65 red.

 

Nice coin. MS66 RD.

 

One nice coin!!!
I see no problem with the 66RED grade---but wouldn't be shocked if it was 67RED...that is eye candy for sure!!!

Speedy

 

There is either a die chip or pitting evident at about 2 o'clock on reverse. I'd say it's a solid ms-65rd.


There appears to be some doubling on the date, probably from die deterioration.

 

Here are the facts...

The coin is graded MS 66 RD by NGC. Remember NGC is a bit looser, as compared to PCGS on these coins, here are the pops:

Grade:.62...63...64.....65.....66....67..68
NGC:....02 082 0664 1627 0963 071 1
PCGS:..11 141 2151 2796 1416 175 1

NGC Average: 65.08
PCGS Average: 64.90
Delta: 0.18

You will notice the average for PCGS coins is below 65. For NGC is it above 65. Assuming a normal distribution of quality coins between the two, is then safe to assume that, on average, NGC is 0.18 points looser.

The rest is my opinon...

The two major hits on the coin are both on the obverse -- the gouge in the shoulder and the small set of hairlines on the cheek. The hairlines are not as obvious in hand, and the light just happened to catch them. There is also a light mark above U in UNITED on the reverse.

The coin is dripping in luster, and has nice original roll toning, which is why I believe the preceeding shortcomings were overlooked.

Technically I grade the coin a 65. I think it got bumped because of eye appeal. Another example of market grading.

Thanks for playing!!! Take care...Mike

 

It looks more like PCGS is looser on this coin....they have grade much more in higher grades than NGC...

Speedy

 

Speedy, you are confusing number of coins in a grade (where PCGS has more coins) with percentage of coins in a grade.

Absolute numbers don't mean a thing, but the distribution of coins across all grades do.

That's why I averaged the grade...Mike

 

I agree with speedy on this one. I was also going to say that PCGS looks looser, just look at the fact that PCGS has over 100 more MS-67RD's than NGC; also PCGS has graded 6691 vs NGC has only graded 3410, that shows just that PCGS is more popular with higher graded coins than NGC.

 

You and Speedy are both incorrect, and I should point out the coin in question is a 66 not a 67.

Here are the statistics:



For the coin in question, an MS 66, NGC graded 28.232% of the coins MS 66, whereas PCGS only graded 21.163% of their coins MS 66.
Again, assuming NGC and PCGS get an even distribution of coins, NGC is looser on this coin in particular.

Overall, the numbers are as I described in my original statistics, and are shown with more precision in the above table. Specifically, on average, NGC grades 0.184 points higher. Again, on average NGC is looser.

It is interesting to note that for the next grade higher, MS 67, that PCGS actually grades a higher percentage of their coins in this grade than NGC. Had my coin been a 67, then your and Speedy's observations would have been correct, and it could be argued that PCGS is in fact looser in their grade of 67 than NGC.

In summary, you can argue that my premise (an even distribution of coins between services) is incorrect, but you cannot argue that my conclusions are incorrect. NGC is looser on both the coin in question, an MS 66, as well as the coin overall in all MS grades.

Hope this helps...Mike

 

Great job Mike!

I did a statistical study of the number of PR70 graded by NGC versus PCGS and my conclusion was that in many cases, NGC awards 8 to 14 times more 70 grades of those submitted than PCGS. Now, I am using population reports provided by both PCGS and NGC, as there was a question why PCGS PR70 coins, for say a American Silver Eagle, cost much more than the "same" coin in a NGC holder.

For instance, take a look at the 2000 American Silver Eagle in PR70 grades:

PCGS gave out 32 PR70DCAM's out of 5341 submissions. That is just under .6%
NGC gave out 268 PR70UltraCams (same as DCAM) out of 3420 submissions. Equals to 7.8%.

How about a 1999 Lincoln Proof Cent?

PCGS gave out 20 PR70DCAMS out of 2376 submissions. Equal to .8%
NGC gave out 253 PR70UCAMS out of 3130 submissions. Equal to 8.0%

While we are on 1999, look at Kennedys from the Silver proof set:
PCGS gave out 8 PR70DCAMs out of 2678 submissions. Equals under .3%
NGC gave out 83 PR70UCAMs out 1735 submissions. Equals under 4.8%

Pretty interesting when you dive into the numbers. I wanted to use coins that were at least 5 years into the market as I believe those that were going to be graded, have been graded.

 

And I think that is a key....no 2 coins are alike...in luster/strike/eye appeal or anything....even thought the coins might be the same grade they might not look the same.

Speedy