1922 PCGS MS65 Saint

I bid on the below auction at Heritage. I'm aware it's has some spots but I paid well below market. I know it's not a stunning coin but is this really low end for an MS65? Also, is this a coin I may have trouble reselling becaues of the spots? I have seen spotting much worse and don't think the coin looks that bad. Any opinions? My feelings won't be hurt.

http://coins.ha.com/common/view_item.php?Sale_No=1116&Lot_No=4474

 

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You did say your feelings won't be hurt....and I need to apologize in advance as this is going to be very blunt, but I feel it needs to be said:

You are foolish to bid on coins like this sight unseen. Here's why...

If the coin went for below market at Long Beach, where you can bet your bottom dollar a very large number of very smart buyers saw it in-hand, then chances are it isn't a good 65. If it's not a good 65 -- and the market has spoken -- then why would you want it for even low-end 65 money when there's a good chance it is just an overgraded 64?

Please take my advice and find someone who can pick out good coins for you before you waste more money on low-end or overgraded Saints.

Bluntly yet respectfully yours...Mike

p.s. Just ask GDJMSP what he grades the coin...and don't be surprised when he says AU because of the rub on the knee and the high-points of the eagle.

 

p.s. the spots on this coin don't bother me, but they may bother others. In general, as long as they are small and not distracting, they don't bother me.

 

Thanks for your advice. I can now see the wear you're referring to. Do you think the wear is more of an issue than the spots?

 

Yes, I am (much) more concerned the coin is overgraded. Spots aren't going to be nearly as big of a deal, and they aren't that bad on the coin, IMO.

 

Do you think this 1922 is worse than the other one? I mean if you had to choose which coin would you say is better? I'm thinking I will just try and sell one on ebay and keep the one the better one.

http://coins.ha.com/common/view_item.php?Sale_No=1116&Lot_No=4475

I guess I had to lean the hard way that PCGS grading is not much better than buying raw when u don't see the coin in person

 

sell both no reason to keep coins you dont like

 

So do u feel the spotting or the over grading are more of issue with these two coins?

 

Is this coin overgraded in your opinion? If so what can you see in the pics? I know luster is hard to see but how about the amout of hits for a 66?

http://coins.ha.com/common/view_item.php?Sale_No=1116&Lot_No=4489

 

Or at the very least, find a Saint with a CAC sticker. You don't want to be shelling out multiple thousands on sight unseen coins in a series that is notoriously overgraded by both TPG's. BTW, what is going on with the slab photo of the 1922 MS65. It is like "Back to the Future", her arms seems to be disappearing. I have to agree with both GD and Leadfoot about this coin being overgraded.

 

Thanks for the input. I was just comparing it to some PC and NG generic saints and have to agree that it does have more hits for it's grade. I'm a novice but it does appear that the both 1922's in 65 are more along the lines of high end ms63 to low end 64. Fortunately there are folks out there that think PCGS is god and I should have no trouble selling them on ebay(undergraded probably will go unnoticed with may ebay buyers. My concern is the spotting will be noticed by anyone even if they have never even seen a gold coin before.

 

The only people who think that are the uninformed. Respectfully...Mike

 

give the guy some rope he is in enough trouble already we dont want to scare away new collectors now do we

 

Fair enough. Perhaps I'm being overly hard on him, but quite frankly, I'd rather be blunt now than have him take it in the rear when it comes time to sell....

 

he has already taken it he just doesnt know how badly its going to hurt