How you grade the coin coming out from the mint?.

modern coins come out from the mint and be graded by pro. it turn out that we can get so many ms 70 and ms 69. my questions is when we buy coins or the mint produce those new coins. what are the percentage of getting ms70 and ms69?. are most of them graded high?. are there any ms 67 or below?. should we send them for grading since most of the coins were graded high?.

 

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grading

i personnal view is that modern coins came out directly from u.s. mint were between ms67 to ms70. i mean modern commemoratives and am eagle series. and even current mint set.

 

It generally depends on the metal the coin is made as to how the coins grade for new bullion releases, and to determine what you have received you have to learn to grade coins with a loupe and/or microscope.

You can look up the grades for released coins in the population reports, that is the best source.

 

ms70 coin

i wonder why grading companies keep grade modern coin as ms70 in a large quantity. there is no such perfect thing in this world.

 

"How you grade the coin coming out from the mint?."

Generally: very poorly.
Also, Denver seems to produce better coins.

 

If it is a circulating coin, it will usually grade low.
If it is a coin that isn't for circulation such as an ASE, it will usually grade MS69+ coming straight from the mint.

 

ms69+

yes, i agree with you. too many ms69. it is a business. right.

 

MS70 only applies for 5x magnification, but if you ever purchase a platinum ms70 PCGS coin you will see they are perfect under higher magnification even.

 

That's really not what MS70 means exactly. My view is that if there are steps (grades) then I don't see why a particular coin couldn't get a particular grade, should it meet the criteria. Of course, when you factor in "eye appeal" or "luster" then it's entirely possible that no coin gets the top grades, or even close, depending on who's judging.

 

i agree. also the mint today is making better proof coins quality wise because of better technology than in yesteryear. this certainly helps the chance of getting their product 'near perfect'.

grizz

 

ms 70

but why people paying high premium on those coins. there were plentiful there. isn't it?.

 

Because they are insane (just kidding). I don't know why people spend big bucks on MS70 coins. I've said this before, but I was about to buy proof gold buffalo from the mint (at the time it was $800), but found a NGC PF69 graded proof buffalo on ebay for ~$750. Works for me.

I wonder what % of PF70's would come back PF69's if they were resubmitted a few times.

 

grading

when you buy modern coins directly from the u.s. mint. you don't have to grade them. keep it. because you are sure that those coins graded from ms67 to ms70. not ms65 or lower.

 

The big grading serivces (PCGS & NGC) have listings of collections, and contests yearly for the Best Set, Best (Whatever).
As a result, there is a lot of competition out there to own the best of anything.
In a few years the excietment will cool down, and so will the stupid prices.

 

Sounds like you need to visit a few websites:

http://www.pcgs.com/pop/

http://ngccoin.com/poplookup/

http://www.anacs.com/Account/Login.aspx

All three services have online population reports. PCGS charges for access to theirs, ANACS requires (free) registration, and NGC requires nothing.

That said, I believe personally that it is foolish to have modern mint products slabbed unless a quick flip and profit, or registry participation, are your goals...Mike

 

I am a Grading Fan.

There is a whole HYPE concerning recent proof and mint-state issues. PCGS and NGC promote PR69-70 and MS69-70 to great advantage, both to themselves, and the reseller they entice to submit those Reverse Proof Anniversary Eagles and other modern US Mint Products.

99.73 % ( or somesuch) are at least PF69 and MS69 and better.

Grading serves a purpose.... but NOT with Modern US Mint products.....

Go ahead, argue with me.....

 

I don't really see any reason to have modern commems and bullion coins graded. I'll buy a graded coin if it's already in the slab and the price is about the same as a raw coin. Otherwise, it's pretty obvious that the coins are generally well struck and high grade. Personally, I don't really care if a coin is a 69 or 70.

 

grading

i think only the uncirculated coin intended for general circulation contained ms 63 to ms 65. while those for collection purposes contained ms 67 to ms70.