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<p>[QUOTE=&quot;Insider, post: 2599659, member: 24314&quot;]Quote from Louis Golino in Coin Week Sep 10, 2010:</p><p><br /></p><p>&quot;So what exactly does a grade of 70 mean?&nbsp; Is it really a perfect coin with no imperfections or blemishes of any kind?&nbsp; Are all 70’s created equal, even from the same grading service and in the same coin series?</p><p><br /></p><p>These questions are not easy to answer, but from my own study of the issue and experience with such coins, I agree with the view that 70’s are not actually perfect and that they can vary in quality.&quot;</p><p><br /></p><p><span style="color: #0059b3">This is my opinion... I don&#039;t know who Louis Golino is but he&#039;s probably well meaning and interested in helping collectors.&nbsp; Nevertheless, IMO, this is the kind of <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie103" alt=":yack:" unselectable="on" unselectable="on" /><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie103" alt=":yack:" unselectable="on" unselectable="on" /><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie103" alt=":yack:" unselectable="on" unselectable="on" /> that confuses people and leads to threads like this that turn what should be a simple concept into a discussion of what if&#039;s.</span> <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie46" alt=":facepalm:" unselectable="on" unselectable="on" /><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" /> </p><p><br /></p><p>&quot;What exactly does a grade of 70 mean?&quot;&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" /> <span style="color: #0059b3">Dah?&nbsp; I&#039;ll use the quote from <i>Making the Grade </i>that [USER=15062]@davidh[/USER] posted<i>:</i> &quot;A 70 coin is “flawless” and has “pristine surfaces with a full strike.&quot;&nbsp;&nbsp; That&#039;s basically how most knowledgeable numismatists should define it.</span>&nbsp; <span style="color: #0059b3">Please note how <span style="color: #b300b3">EASY TO ANSWER</span> that was. </span></p><p><br /></p><p>&quot;Are all 70’s created equal, even from the same grading service and in the same coin series?&quot;&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" /> <span style="color: #0059b3">Dah?&nbsp; All coins <span style="color: #b300b3">that are</span> actually &quot;flawless&quot; with &quot;pristine surfaces and a full strike&quot; <span style="color: #b300b3">ARE</span> certainly equal.&nbsp; The <span style="color: #b300b3">OPINION</span> of a TPGS based on their interpretation of &quot;flawless&quot; has nothing to do with the definition of perfection and the actual condition of preservation of the coin.&nbsp; <span style="color: #b300b3">It is either flawless or not.</span>&nbsp; If a grader or collector misses a defect or ignores it and the coin is graded 70, that does not make it so.&nbsp; Thus we must deal with two things, a coin&#039;s true condition and the opinion of its condition on the label.&nbsp; Again, this was <span style="color: #b300b3">EASY TO ANSWER</span> and shoud be easy to understand.</span></p><p><span style="color: #0059b3"><br /></span></p><p><span style="color: #0059b3">[USER=15062]@davidh[/USER] wrote:&nbsp; &quot;</span>My understanding is that to the naked eye a 70 should look very close to flawless, but depending on the level of magnification used when examining the coin, a couple very minor flaws can almost always be found.&quot; </p><p><br /></p><p><span style="color: #0059b3">This is (naked eye) the way many inexpensive modern coins are graded.&nbsp; That is the main reason that <b><span style="color: #b30000"><span style="color: #0059b3">all coins</span> GRADED <span style="color: #0059b3">MS/PR-70 are not equal!</span></span></b></span> </p><p><br /></p><p><span style="color: #0059b3">PS&nbsp; There are many flawless&quot; coins with &quot;pristine surfaces and full strike&quot; graded MS-PR-70 by the TPGS&#039;s.</span>[/QUOTE]</p><p><br /></p>

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