I just received a MS 65 NGC 1974 cent. I'm a little concerned because the coin has two carbon spots on the obverse, and a small cluster of small carbon spots on the reverse. I'm new to graded coins, but if this coin was raw, it would not grade it MS 65. I bought it on eBay, and the listing did not mention any carbon spots, but the seller has a very generous return policy. My question is... would a coin with carbon spots grade MS65? While I understand that cents will develop spots in the holder, but could the spots form in the 7 days that it was in the mail? Cheers, David
i have seen coins graded ms 65 wth spots personally i dont like them so i dont buy it whethe its 65 or 45 thats immaterial. if you dont like the coin return it buy the coin not the label on the holder
PCGS once graded one MS70 that had spots, so I see no reason they wouldn't grade one as MS65. Personally, I would not.
If it were a '68 or some date that typically had small carbon spots I'd be inclined to overlook it. On a '74-P I'd be much less so.
I have coins that grade 67 (and rightly so, in my opinion) that have carbon spots, so that doesn't bother me necessarily at 65 either. IMO, they subtract from a coin's grade and should be taken into account, but don't necessarily preclude a 65 grade. That said, if you are asking the question, chances are you don't like them, and you should probably return the coin. I have found that over time, "problems" (as you see them) are more likely to bother you if you can't get past them when you initialy assess a coin. Respectfully submitted...Mike p.s. it is unlikely they developed in the mail. more likely is the photos used to sell the coin weren't big enough to see them.
I would return the coin...especially if they were not visable in the picture and not mentioned. While it may be acceptlable as a 65 in the holder with the spots, there are many 65's without spots , so why settle. It is not a rare date or grade, so it's not like you have a tough decision thinking it might be your only chance for a long time.....
Yes they did buy it back.They gave the owner what he paid for the coin. It developed the spot in the holder after it was slabed.
Do you think so? There are literally hundreds of super high quality cents made since 1986 that are candidates for MS-70. It seems unlikely they would choose one with spots on it especially in light of the fact that spots are not a particular problem for late date cents.
If you are referring to the PCGS MS 70 cent, from what I understand, that's not true. The spots appeared subsequent to slabbing.
where was the spot on the coin - i dont see it in the reference pic of the 2003 PCGS MS70RD - the pic is 1.75MB size and what happen to it - did PCGS take it back after paying for it ? http://i196.photobucket.com/albums/aa51/pennyfinder24/2003PCGSMS70RD.jpg
My understanding is they reholdered the coin in a MS 69 slab, and paid the owner the difference in value. The owner of the coin posted on the PCGS forums he was satisfied with the way PCGS handled it. Personally, and perhaps cynically, I find it noteworthy how quickly PCGS handled this situation, yet other collectors with far less high-profile coins have been waiting six months or longer for coins go to through this type of review, yet when the "holy grail" turns into a "spotted POS" then PCGS responds immediately. But really, that's neither here nor there...Mike
I think I'm dyslexic, I read the whole thread reading 1974 as 1794. I was surprised when I read ms65 1794 cent!!
Sorry gang, mixing my coins up I was referring to the '63 PF70 DCAM slabbed by PCGS. They used the same excuse with that one as well when they bought it back and downgraded it. And that one absolutely had the spots when slabbed.
