Any difference between MS- 69 and MS-70?

Are you including bullion coins? Lots of 70's.

Well I am not so sure about that - only registry set modern collectors seem to really go after the 70's. But I agree with you - 69's would be good enough for me, but I liquidated all my moderns. Also I see lots of MS70's on modern bullion coins.

 

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If I worried about things like that, I would not have time to do anything else.

Somehow, I thing 0 out of unteen billion qualifies as "exceedingly rare".

I have not talked to or read about one of them yet - with the possible exception of you.

 

Have you seen any bullion coins in general circulation? There probably are a few, but I have seen none.

 

I was referring to collectors buying up moderns and sending in for grading. If it didn't get 70 they would either resubmit or sell the coin off. They wouldn't own something less than 70. To me that is treating the coin with disgust, if you like it when you buy it why the heck care what TPG says. Look at the pricing differences. When you can buy multiple copies of a 69 for the price of a 70 that tells me there is not a lot of love for MS69 graded coins out there. Because 70 is so easy to get, relatively, anything less than "perfect" just isn't good enough anymore. Its sad, reminds me of the lowering of standards across America in most things nowadays. To quote The Incredibles, "once everyone is special, no one is".

 

It was just an idea, the standards could be adjusted. Its not like we can do anything about the situation anyway. I would just like, if I were king for the day, to have a more normal distribution of MS60-70 for modern coins than, (making it up) 10% 68, 50% 69, and 40% 70. That is not a healthy distribution, and gives no room to differentiate the 70's, though EVERYONE says there are cruddy 70's and good 70's. Instead of that distribution, it would be nice if they were distributed more to make room for truly superb and way above coins.

The numbers I threw out were just an idea. Substitute whatever criteria you would like. Doesn't matter to me, I will never buy a modern 70, but I may buy up some 68 or 69's if the price continues to be skewed and I think they are good potential coins.

 

I think you're a little out there on this one. To say that there are cruddy 70s is absurd. A coin must have spectacular eye appeal to be graded above MS-67. In fact it is the insistence that an MS-70 coin is perfect by the TPGs that bothers people most IMO.

70s basically all look the same. Nearly perfect. I say nearly because in my experience, I have rarely, if ever, seen a coin that not only has no marks at all but also has an absolutely complete strike. That, among other things, would be what is necessary for a 70 grade in my world.

The whole MS-69 vs MS-70 thing is at the investment end of the "hobby" and therefore doesn't worry me at all. Whether or not these standards change or get corrected will only affect the value of the high-end graded coins. I will never buy these pieces because they don't interest me in the least. I don't care if I make a profit when I sell something mostly because I try to never sell anything. Don't get me wrong, it's nice to make money when you sell, but it's not why I collect coins.