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<p>[QUOTE=&quot;GDJMSP, post: 867123, member: 112&quot;]Both coins are graded AU50. For what it&#039;s worth Mike, I agree that the first one is over-graded. I&#039;d call it 45 too. The second one, I think they got right.</p><p><br /></p><p>And yeah, I have no doubt that both coins have been dipped. But I purposely picked out dipped coins because I didn&#039;t want to hear any of the &quot;it&#039;s toning&quot; excuses.</p><p><br /></p><p>Of course everybody still gets to use the &quot;it&#039;s a picture&quot; excuse - because it is. </p><p><br /></p><p>But that second coin, it&#039;s amazingly similar in condition to Mark&#039;s coin that started this thread. And had it not been dipped, so that the &quot;toning is covering up the luster&quot; excuse could still be used, I have no doubt that it would have been graded as MS62/63.</p><p><br /></p><p>And just in case any still have doubts about the assigned grades, the links to the coins - </p><p><br /></p><p><a href="http://coins.ha.com/common/view_item.php?Sale_No=430&amp;Lot_No=3449#photo" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/common/view_item.php?Sale_No=430&amp;Lot_No=3449#photo" rel="nofollow">http://coins.ha.com/common/view_item.php?Sale_No=430&amp;Lot_No=3449#photo</a> </p><p><br /></p><p><a href="http://coins.ha.com/common/view_item.php?Sale_No=28114&amp;Lot_No=24229#photo" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/common/view_item.php?Sale_No=28114&amp;Lot_No=24229#photo" rel="nofollow">http://coins.ha.com/common/view_item.php?Sale_No=28114&amp;Lot_No=24229#photo</a> </p><p><br /></p><p>And if there is still doubt that the TPGs routinely over-grade this series of coins, take a look at the population numbers sometime. What you will find is that from just NGC and PCGS alone over 50,000 of them have been graded as AU50 and up. An extraordinary number given the age of the coins and the fact that they did circulate. Also extrordinary because coin collecting was virtually unknown at the time they were minted. So collectors cannot be used to account for the numbers (according to the TPGs) being saved in high condition.[/QUOTE]</p><p><br /></p>

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