PCGS graded this one MS-62, which was (surprisingly) the top of the condition census for this variety. With the buyer’s premium, just over $3200. Given the date, variety, strike, and its position on the condition census, I was really surprised. I would have paid that much easily had I the money. A sleeper for sure! Same here.
I believe they graded it very conservatively just because the price guide values increase significantly in the MS range...
This doesn't make sense to me. The graders see 6 figure coins on a relatively frequent basis. Why would they think twice about a $4000 or $5000 coin? And why would they downgrade it due to it's potential value? That would be doing the hobby a disservice, and would mean that there are tens of thousands of undergraded coins all because the graders are "afraid they're worth too much."
I am confused on this point as well. Doesn't the grading fee slide with the value of the coin? That is, a higher market value means a higher grading fee realized for the TPG?
It’s not about the total value of the coin. I would expect them to select the lower grade if they’re on the fence, as the price increases significantly with each grade.
As others above, I’m in awe of this coin. My take is: minimum MS, say 64-65 (even more, if coins of this vintage get slabbed that high; do they?)
I'm not sure I agree with most opinions that the coin is under graded. Unless my eyes deceive me, Miss Liberty's cheek and jaw look a little "busy" to me, although they appear to have been disturbed very long ago, and toned over naturally. Perhaps I'm seeing slide marks and nothing more, but I suspect they draw one's eye more easily when examined from angles other than those from which the photos were shot.
