I can't believe.......

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See the post above with the hits on the letters? Trust me when I tell you that any professional grader SHOULD be able to see those as that coin is not a 70. There are also spots over the "ED." See if you can find four major spots on the obverse too. I'm already down to MS-67!

As to your test. If given enough time, good light, a 5X hand lens, and instruction on how to properly examine a coin; ANYONE (especially those of the female persuasion as they are more attentive to detail) can tell if a coin is perfect.

And that's the problem. The TPG's have picked the coin up, graded it with their naked eye, and moved on to the next coin faster than I typed this sentence! There ARE MS-70 SE's in MS-70 slabs but you need to look for them as much of the 70's out there in slabs ARE NOT!

 

Well I wasn't only talking specifically about ASEs. But in any case, I still stand by what I said and believe it's one factor in what's going on with modern coins. On the other hand, you like to bring up one or two specific things to support an overall theory. I've heard you theorize before about the decrease in grading standards and while there's some evidence of that, it's not so black and white.

 

Yea but there is no way of knowing when the milk spots occurred.

 

I agree with you. Minting has gotten better as the years have gone on and coins don't have to survive for years before being graded anymore, they go straight to the grading companies which certainly wasn't really happening with moderns in the early years. Not to mention a larger number of them are ending up at the grading companies then before as well

 

I don't like the grading of modern US coins, especially proof coins from the 70s on up. Frosted proofs and cameos became the norm around here or shortly after. The higher grade 1982-1983 US business strike coins interest me a tad but that's a different story somewhat. It's commonplace seeing a whole slew of ms/pf 68/69s in slabs selling for 10 dollars, more or less. I would think mainly dealers sent these in hoping for perfect grades (they get bulk rates and would probably gamble like this). Of course, few US moderns pique my interest, so my aversion to grading more modern coins stems from this.

 

Actually, I do know one thing FOR SURE about the spots. THEY WERE NOT ON THE COIN WHEN IT WAS GRADED MS-70.

 

Or WERE they?

 

AMEN. And anyone who cannot understand that, refuses to accept that in spite of the extremely large number of examples documented in the auctions of rare and desirable coins (where in some cases former XF's have become MS) is

EDITED

 

Don't be silly. In my experience here you have been very saavy so far.

 

I meant that in the "squinty-eyed, looking around me" conspiracy theory believer ironic sense. By the way, I'm already working with my massive cadre of nanotechnology minions (both one-eyed and two, with or without the goggles) to places digs and scratches on PCGS coins after they're slabbed as 70's, too. 'Cuz like, everybody knows PCGS wouldn't screw sumpin' like that up, beings as how they're so superior and all.

Keep in mind, I work for evil (gasp!) politicians. There's no limit to the magic I can conjure up. Mwu-ha-ha-ha!

 

Note to self: Dude, you simply GOT TO dig out every AU58 you got in the 1990's. Those babies is MS's fo' sho' now. Wow, I wonder what my MS67 Warnicks slabbed by NGC in the 1990's are now. 71's?

 

Actually, you are a little late to the party. The biggest change from AU's to Unc's took place in the 80's. This practice was finally brought out of the shadows for the average collector who was intelligent enough to read/buy a grading guide.

 

Ok, but I have two in particular in mind, both classic commems, that I never did see the "rub" on them when they were slabbed 58's, so I'm gonna take a flyer on them anyway. Both have "redonculous" luster.

 

Whether a coin gets a 69 or 70 depends on if the grader ate his wheaties that morning. (IMHO)

 

Really? Pre-1959 cents, huh? Who woulda known?

 

IIRC, 1993 and 1996 Silver Eagles were literally plagued with Milk Spots and the potential for post slabbing milk spots. From small insignificant spots to large and intrusive spots.

The examples I have in my DANSCO are spotted.

One thing that both grading services have a strong eye for, today, are milk spots on Silver Eagles. Especially since PCGS got burned fairly badly on coins which changed in the holder and which had been graded at MS70.

The current high prices is a direct result of the mintages simply not having as many MS70 quality coins as other years.

As an aside, I learned a long time ago that chasing Silver Eagles is a fool's game as very few ever resell for their original purchase prices.

Of course, there are exceptions but losing money on graded Silver Eagles is pretty much par for the collection.

 

No! Really? Shame more people haven't figured that out. I suggest you engage in a noble quest upon a noble steed. Go forth across the land in what we'll call the "Hey you crazies, look at the resale market, why dontcha?" World Tour. We can print t-shirts and everything. Of course, members here who make their livings shearing the "sheeple" might object a little...

Why so snarky? Here's why.

From the get-go in 1986, the Mint has consistently said that, except for proofs at that time, Eagles were meant to be a pure bullion play, and were never intended to be collected by grade!

I mean, you'd think people would learn some stuff in 30 years, right?

 

That's an excellent point. You'd think they would learn, right? Now, while we are learning, can you tell me the date and coin type of ANY COINS struck at the US Mint that were EVER intended to be collected by grade?