Should i return this coin?

I agree, my info was reflecting disappointment. I had always thought the standards for a 70 grade to be more stringent than revealed in this post, I certainly didn't think polished die lines to be acceptable. Now, I guess I'll have to.

I apologize, didn't mean to make you angry...Spark

 

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Both major TPGS firms used to agree that 70 didn't exist at all because perfection in all ways was impossible. Now at least ONE says it applies even to coins that are NOT perfect.

 

They are imperfections on THE DIE, not the coin as minted.

Doubled dies are imperfections
Die cracks are imperfections
RPM's, OMM's, RPD's, etc. are imperfections

...and the list goes on of imperfections of the dies or the striking process that theoretically could garner a 70, as they are not imperfections of the coin as struck.

Remember, it is the coin being graded, not the dies.

 

Cogent point. After all, I am here to learn and what I have learned is the forum agrees that polished die lines are okay. I will keep in mind the "as struck" concept and go on to learn more...Spark

 

I do not a) believe that, or b) accept that. A 70 grade requires a perfect planchet, a perfect die, and a perfect strike. The garbage of “coin as struck” is a long dead relic of the technical grading paradigm.

 

No it doesn't. If that's what it requires for you personally that is fine, but that is not true for grading. The die doesn't have to be perfect for it

 

Any grade of 70 that is worth seeking, having, or owning requires more than just “as struck”. It requires perfection of all 3 elements - planchet, die, and strike. And yes, I was taught PRECISELY THAT at an ANA grading course in Orlando in 2017, and yes, I know the so-called ANA book says your interpretation is correct in the individual coin sections. That same book ALSO describes how and when NOT TO USE THOSE. I do not “buy”, believe or accept “technical grading”.

 

I don't like the pure technical grading either at all. Die cracks as an example make some of these more interesting for me though so in the eye appeal section that's a plus for me instead a minus.

The ultra modern ASE 70 premium is pretty minuscule on a lot of these, I'd rather have a pretty more interesting one with polish lines or cracks than a run of the mill generic looking one.

All that said though I do think people should know the standard then they can decide for themselves what is acceptable to their eye

 

@V. Kurt Bellman - Can any of these exist (hypothetically) in MS70;

1955 Doubled Die cent
1937-D 2-legged Buffalo Nickel
1972 DDO Lincoln Cent
1800 $1 12 Arrows (or any die clash for that matter)
Any VAM variety Morgan
Any Business Strike Franklin/Jefferson/Roosevelt/Mercury without FBL, FS, FT, FB respectively
etc.

These all exist because of imperfect dies, not because there was a problem with the coin. I do realize that there are no (known) MS70's of any of these coins, but at the time they came off the die press, in your opinion, could any of those coins have gotten a 70 grade? If yes, then you are contradicting yourself. If no, why not?

(I am more or less playing Devil's Advocate, as I do understand your point)

 

I agree with you. A 70 should be a perfect coin stuck by a perfect die. Maybe the grading companies should introduce a new grade, a "70+"? For coins that are actually perfectly struck by perfect dies. If I bought a coin straight from the US mint and it has obvious polishing lines, I would send it right back. I'm sure many perfectionalist would do so too, so grading companies should try to distinguish the die problems from perfect coins with no die imperfections.