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Grade Inflation or Why is midrange UNC gold all junk?
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<p>[QUOTE="johnmilton, post: 26699944, member: 101855"]The Classic Head type of gold (1834 to 1838 ($5) or 1839 ($2.50) is VERY hard to find in TRUE Mint State. Here's the only one I have. It is graded MS-63</p><p><br /></p><p>[ATTACH=full]1703912[/ATTACH] </p><p><br /></p><p>This is graded MS-61. It has a slight rub in the left obverse field. Stacks' said "It looks better" in their auction lot description. It does in person. </p><p><br /></p><p>[ATTACH=full]1703913[/ATTACH] </p><p><br /></p><p>This is graded MS-61, and it is flat out over graded. It's the very scarce Crosslet 4 variety which is a bear to find. I wanted a piece that didn't "shame" the rest of the set, so I way overpaid for it. This coin was once in an AU holder, where it belongs, but PCGS so fit to give it a grade-flation number. </p><p><br /></p><p>[ATTACH=full]1703915[/ATTACH] </p><p><br /></p><p>This 1836 quarter eagle is graded MS-62. The luster is unbroken, but it has a number of small surface marks. It is also a late die state which does not help the grading process. When does the mint surface begin and end? I bought this from the late Cathine Bullowa many years ago. She graded it AU, but told me she thought that it might be Unc.</p><p><br /></p><p>[ATTACH=full]1703919[/ATTACH] </p><p><br /></p><p>This is graded MS-60. It's an AU. </p><p><br /></p><p>[ATTACH=full]1703922[/ATTACH] </p><p><br /></p><p>This is graded MS-62+, CAC. What do you think?</p><p><br /></p><p>[ATTACH=full]1703923[/ATTACH] </p><p><br /></p><p>If midrange Unc. gold is junk, my collection is junk.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 26699944, member: 101855"]The Classic Head type of gold (1834 to 1838 ($5) or 1839 ($2.50) is VERY hard to find in TRUE Mint State. Here's the only one I have. It is graded MS-63 [ATTACH=full]1703912[/ATTACH] This is graded MS-61. It has a slight rub in the left obverse field. Stacks' said "It looks better" in their auction lot description. It does in person. [ATTACH=full]1703913[/ATTACH] This is graded MS-61, and it is flat out over graded. It's the very scarce Crosslet 4 variety which is a bear to find. I wanted a piece that didn't "shame" the rest of the set, so I way overpaid for it. This coin was once in an AU holder, where it belongs, but PCGS so fit to give it a grade-flation number. [ATTACH=full]1703915[/ATTACH] This 1836 quarter eagle is graded MS-62. The luster is unbroken, but it has a number of small surface marks. It is also a late die state which does not help the grading process. When does the mint surface begin and end? I bought this from the late Cathine Bullowa many years ago. She graded it AU, but told me she thought that it might be Unc. [ATTACH=full]1703919[/ATTACH] This is graded MS-60. It's an AU. [ATTACH=full]1703922[/ATTACH] This is graded MS-62+, CAC. What do you think? [ATTACH=full]1703923[/ATTACH] If midrange Unc. gold is junk, my collection is junk.[/QUOTE]
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Grade Inflation or Why is midrange UNC gold all junk?
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