I don't get it ..the coins that are graded PR/MS69-70

So get your MS69's and be happy. And then let those who want pay "bu-coo" dollars for the coin they want so they will be happy also.

 

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Ok, then lets go up to 67.

 

I don't understand modern coins b/c my rule of thumb is not to collect coins that I grew with. They can go ahead and grade modern coins PR 101 for all I care.

 

B/c they can't tell the difference ...

 

MS67 contains "light abrasions". What happens when you find a coin with a single light abrasion? And, God forbid, if you find a coin with no abrasions?

 

And if they can't see any marks under 10X then they'll assign an MS-100 grade.

 

Until they find out that there will be no buyers for them MS/PR 69/70 coins. Are there bids for modern MS69/70 coins?

 

So it is now your job to try to protect all the modern coin collectors? I strongly suspect they were the cause of these grades. Good luck!

 

There was actually talk of changing the scale to 1-100. That was many years ago. That would have been a mess.

 

And it was PCGS that was doing the talking.

 

No, but I wouldn't be able to sleep at night for selling a bullion coin for big bucks. None of these dealers wanna see those MS70 coins again after they are sold.

 

I have asked at coin shows, what is the difference from PR-69 and PR-70. Personally I think it is whether the grader ate their Wheaties that day or not.

 

Just $11.75 over spot for this rare coin.

http://www.ebay.com/itm/2014-1-Amer...428?pt=LH_DefaultDomain_0&hash=item33a0a562f4

And you can own this rarity for only $185 over spot ..

http://www.ebay.com/itm/2015-Americ...932?pt=LH_DefaultDomain_0&hash=item4632b74f64

 

We all understand the term KISS ( keep it simple stupid).If grading was left to the people and not the professionals then. I could dupe someone into buying a less than perfect coin. That is not fair to the buyer and definatly not fair to the numismatic community. Some people need to buy that perfect example, yet, all the examples that are seen above>>>>>>

These coins are everywhere. The coins that benefit from this grading scale are the ones That weren't hoarded and mostly used in circulation. The above mentioned coins will never command the price of ? lets say a 65' Kennedy in ms 70 which I don't believe there is any. correct me if I am wrong.

 

Heck, I would be happy just to find a "Business Strike" 1965 Kennedy in MS68 condition......

 

This is usually the easiest of the grades to tell apart. Usually the only difference is a small area of one of the devices that is missing frost. The difference between a PR-68 and PR-69 on the other hand is nearly impossible to distinguish aside from the loss of eye appeal due to haze. Take brown box Ike dollars of an example of this.

 

Speaking of high grade Kennedy halves, check out the new 2015's some time. Almost all of them have significant obverse cheek rub, if they came from a mint roll. (Higher relief, like the special 14's) I'm thinking of snagging a bag, to see if it's different.

 

That would be great to know.

 

This argument gets re-hashed all the time. I think the 70 exists mainly because they wanted to round out the scale with an even number. Then this likely, inadvertently, had a psychological effect on people. Especially within this hobby. A 69 feels "less worthy and has the feel of being in the same bracket as the rest of the 60s. So a lot of people want to show off and have to have "the best". When a 70 is presented, it is automatically viewed by their peers as the best available, higher dollar option, without a word being said.

Why do people have fancy houses that they don't need? Why do people replace the rims on their vehicles when the factory ones work just fine? I think it's human nature to want to stand out and have the best.
I have some 70s in the collection as well as 69s. Sometimes the difference isn't a whole lot. I'd argue that the grade is needed, but nobody should blow more than their comfortable with to reach for a 70 over a 69 IMO. May depend on the coin if I feel like it's worth it.
Only way to solve it is to go backwards with the grading system and revert back to what it was. Which enough people felt it must not have been adequate in differentiating the truly spotless ones with one that has a minor scuff on the luster. People mustve wanted the ability to purchase the best without having to do the work or gambling on a broad based grade. Thus we have a 70 scale.

 

Guess I'm not human.