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Case Study: 1938-S PCGS MS68+ "FB" Dime $364,250 - Everything that is Wrong with Our Hobby
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<p>[QUOTE="Lehigh96, post: 3601911, member: 15309"]I’m gonna take issue with your assertion that this coin was ever a common 67. The fact that NGC have it a star designation makes it uncommon, and we both have personal experience to know how hard it is to get a star grade. My real problem is that this coin is a no brainer star coin, but NGC very rarely issues both a * & + to the same coin. I have only one such coin in my entire collection. What I’m saying is that this coin very well could have been high end for the MS67 grade in the eyes of the NGC graders yet the only gave it a * to recongnize it’s obvious eye appeal and dropped the ball by not issuing a + as well.</p><p><br /></p><p>Under that premise, the coin would have essentially just crossed to PCGS with a very similar grade, both viewing the coin as high end MS67. I have always made the contention that the subjectivity of grading results in a range of correct grades rather than one specific grade. So while a group of graders could look at this coin and think it is high end MS67, it would be easy for another grader who puts more emphasis on luster & eye appeal to view this coin as a low end MS68.</p><p><br /></p><p>So the remaining question is “how did this high end MS67/ low end MS68 end up in an MS68+ holder?” I firmly believe that they look at coins like this and just say, this is the nicest 38-S Mercury Dime we’ve ever seen and then rank the coin in comparison to other coins they have seen. I think they did the same thing with that Franklin, and it wouldn’t surprise me if the finalizer is the one responsible for the assigned grade.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 3601911, member: 15309"]I’m gonna take issue with your assertion that this coin was ever a common 67. The fact that NGC have it a star designation makes it uncommon, and we both have personal experience to know how hard it is to get a star grade. My real problem is that this coin is a no brainer star coin, but NGC very rarely issues both a * & + to the same coin. I have only one such coin in my entire collection. What I’m saying is that this coin very well could have been high end for the MS67 grade in the eyes of the NGC graders yet the only gave it a * to recongnize it’s obvious eye appeal and dropped the ball by not issuing a + as well. Under that premise, the coin would have essentially just crossed to PCGS with a very similar grade, both viewing the coin as high end MS67. I have always made the contention that the subjectivity of grading results in a range of correct grades rather than one specific grade. So while a group of graders could look at this coin and think it is high end MS67, it would be easy for another grader who puts more emphasis on luster & eye appeal to view this coin as a low end MS68. So the remaining question is “how did this high end MS67/ low end MS68 end up in an MS68+ holder?” I firmly believe that they look at coins like this and just say, this is the nicest 38-S Mercury Dime we’ve ever seen and then rank the coin in comparison to other coins they have seen. I think they did the same thing with that Franklin, and it wouldn’t surprise me if the finalizer is the one responsible for the assigned grade.[/QUOTE]
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Case Study: 1938-S PCGS MS68+ "FB" Dime $364,250 - Everything that is Wrong with Our Hobby
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