How you grade the coin coming out from the mint?.

Discussion in 'US Coins Forum' started by elaine 1970, May 24, 2007.

  1. Danr

    Danr Numismatist

    Suffice to say that the mint has severe quality control issues.:hammer:
     
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  3. elaine 1970

    elaine 1970 material girl

    grading

    is it safe to say that when we buy something from the mint. the worst condition is most likely to be proof 67 for proof and ms 67 for satin finish. even the bullion coins (amnerican eagle) look like ms-67 too. do you guys agree to it?. no wonder the ngc can easily detect proof 70 and ms-70. the ngc even got a lot of ms 69 and proof 69.......
     
  4. elaine 1970

    elaine 1970 material girl

    grading

    i would said the the average grading for uncirculated (w) mint mark from the u.s. mint is around ms67-ms69 while the proof version is between proof 68-proof 69.
     
  5. FreakyGarrettC

    FreakyGarrettC Wise young snail

    Last year yes. This year NO.
    Quality control has sucked this year. :computer:
     
  6. mrbrklyn

    mrbrklyn New Member

    not on my coins.

    [​IMG]
    [​IMG]

    Ruben
     
  7. coinsider007

    coinsider007 gold digger

    excellent.........
     
  8. mrbrklyn

    mrbrklyn New Member

    yeah -

    the proof ASEs are coming out at 69's or better straight from the mint. Infact, a new definition for grading needs to be done for them on a yearly babses as they keep perfecting the method.


    If the TPG's were as consistent and validated as the W mint, the world would be a better place.

    Ruben
     
  9. coinsider007

    coinsider007 gold digger

    i should say people don't have to slab the coin to check the mint current issues for quality and grade. i presumed it will be ms67 to ms70 for uncirculated and proof 68 to proof 70 for proof. unless they were mishandled by the buyers. then those coins have to be slab to check its value.
     
  10. elaine 1970

    elaine 1970 material girl

    i think the mint should sell slab coins directly to the public at a fair market value. they should hire many professional graders or send those coins to slab companies. what you think?.
     
  11. GDJMSP

    GDJMSP Numismatist Moderator

    When that happens - I quit.
     
  12. elaine 1970

    elaine 1970 material girl

    i mean to say that the mint should produce some slab coins aside their regular issues. these slab coins help individual people acquire slab coins ranging from grade 68 to 70. so they won't be overpriced by those slab dealers.
     
  13. GDJMSP

    GDJMSP Numismatist Moderator

    Elaine, dealers don't set the prices for coins - we do.
     
  14. elaine 1970

    elaine 1970 material girl

    to GDJMSP

    why not consider new (unc) for every coins that we purchase from the mint?. and set a standard one price for it?. why they have to slab it?. why people have to follow them?. why make things more difficulty and more variety?. and why always the collectors might losing some money and the dealers will keep making it.

    see my point. i always buy direct from the mint for many years. and never sell any new coins to a dealer. dealers don't earn money from me. and never will. all my coins were kept with silica gel and other protector. all coins were in the original box, with certificate and all other advertising papers. outer box were also kept. some even with original cartoon. what you think of me?.

    by the way, this is my 2,000 post. i even did not realize it. am i wasting too many hours for it?. is it worth to do that?.
     
  15. CamaroDMD

    CamaroDMD [Insert Clever Title]

    Exactly. It's the consumers that drive the prices.
     
  16. jazzcoins

    jazzcoins New Member

    There cetainly is MS70 coins. there's a such thing as a perfect coin, Were not talking about human beings there's is no such thing as a perfect human being that's for sure,
    Jazzcoins Joe:rolleyes:
     
  17. GDJMSP

    GDJMSP Numismatist Moderator

    Elaine - again it is the collectors who want their coins slabbed. They are the ones who submit them, they are the ones who pay for it - they are the ones who insist upon it.

    Now how do you propose to stop people from doing what they want with their coins ? Can't be done.
     
  18. elaine 1970

    elaine 1970 material girl

    why people have to send to pro for grading the UHR double eagle gold coin?. it should be range between ms-69 at least to ms-70.
     
  19. grizz

    grizz numismatist

    .........WOW! this thread was started in 2007!!!!!!
     
  20. elaine 1970

    elaine 1970 material girl

    i hope the mint will hire professional graders and station at the mint facilities. in this way. the mint can sell slabbed coins to the collectors or general public. the grades are strictly 69 and 70. the mint can also sell first strike. in this way. i will trust the mint. the prices. hopefully it will be in line with other slabbed companies.
     
  21. 9edgeV

    9edgeV Junior Member

    Long time lurker, first time poster.
    I've sent in three 2009 UHR's to NGC and all came back as MS70.
    I sent in 6 ASE's, 2007 and 2008, four came back MS70 and two MS69.
    Turns out this is perfect as my ASE collection is based on MS69. I'll sell the 70's to finance my addiction.

    I also ask NGC to not grade a coin that comes in less than 69 as I don't see the point. (That is unless it is a Franklin/Morgan/Walking Liberty/etc.) Makes one wonder if the 69 grade is actually being bought as a result of the grading process.

    John
     
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