Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Label Desirability
>
Reply to Thread
Message:
<p>[QUOTE="19Lyds, post: 2215033, member: 15929"]HUH? Historical "records" of pop numbers?</p><p><br /></p><p>Completely unavailable unless you kept a published copy which used to be produced by PCGS and/or kept screen shots.</p><p><br /></p><p>There is really no way to tell when a coin was graded so, for me, historical records from Coin Forums is where I go.</p><p><br /></p><p>Here is PCGS's "Official" word on the subject:</p><p><br /></p><p><a href="http://www.pcgs.com/News/Pcgs-Guidance-For-Ms-70-Silver-American-Eagles" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.pcgs.com/News/Pcgs-Guidance-For-Ms-70-Silver-American-Eagles" rel="nofollow">http://www.pcgs.com/News/Pcgs-Guidance-For-Ms-70-Silver-American-Eagles</a></p><p><br /></p><p>Here's a thread from 2004 on CU where the poster got an MS70 2004 Silver Eagle. Scroll down and take note of Wondercoin's response where he states:</p><p><br /></p><p>"Congratulations on the MS70. </p><p><br /></p><p>It is my understanding that PCGS will generally NOT grade a MINT STATE Silver Eagle in the MS70 grade now for the simple reason that the coins "turn in the holder". The processes utilized at the Mint in the striking of these MS Silver Eagles appears to result in the coins "turning", in some cases before they are even removed from their shipping packaging upon shipment from the Mint. This is not the case, however, with Proofs. Why - I have no idea. </p><p><br /></p><p>So, technically, I believe that even if a coin has mark-free surfaces, it will not support an MS70 grade if it has spots on it. If, and when, the US Mint alters its production methods and the coins come out "spot-free", I suspect there would be many more MS70 Silver Eagles at PCGS. Perhaps 2004 is that year - time will tell.</p><p>Wondercoin "</p><p><br /></p><p>Since MS70 SAE's were a rare sight, the prices skyrocketed and each one that turned cost PCGS serious money in the Grade Guarantee Department.</p><p><br /></p><p>The 2004 SAE reported in this thread:</p><p><a href="http://forums.collectors.com/messageview.cfm?catid=26&threadid=275768" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://forums.collectors.com/messageview.cfm?catid=26&threadid=275768" rel="nofollow">http://forums.collectors.com/messageview.cfm?catid=26&threadid=275768</a></p><p><br /></p><p>eventually turned or somewhat turned as the cert number is currently reported as an MS69. <a href="http://www.pcgs.com/cert/21517396" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.pcgs.com/cert/21517396" rel="nofollow">http://www.pcgs.com/cert/21517396</a></p><p><br /></p><p>I have no idea what the poster sold the coin for or if it was even sold. I just know that it used to be a 70 and now its not.</p><p><br /></p><p>The only way to counteract the "grade guarantee" costs associated with minimal MS70 Silver Eagles and still keep up with NGC in the grading arena, was to grade a bunch of them and eventually dilute the value. This was a plan that was well executed for a minimal loss.</p><p><br /></p><p>Your "Bottom Line" statement is exactly correct. To the point that it's my belief that MS/PR70 are pretty much guaranteed for certain submitters with a few given out randomly to small time submitters.</p><p><br /></p><p>The net result is that MS/PR70 has become as meaningless a grade as MS/PR69. The ONLY relevance the grade has is with regard to TPG Registry Sets.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 2215033, member: 15929"]HUH? Historical "records" of pop numbers? Completely unavailable unless you kept a published copy which used to be produced by PCGS and/or kept screen shots. There is really no way to tell when a coin was graded so, for me, historical records from Coin Forums is where I go. Here is PCGS's "Official" word on the subject: [url]http://www.pcgs.com/News/Pcgs-Guidance-For-Ms-70-Silver-American-Eagles[/url] Here's a thread from 2004 on CU where the poster got an MS70 2004 Silver Eagle. Scroll down and take note of Wondercoin's response where he states: "Congratulations on the MS70. It is my understanding that PCGS will generally NOT grade a MINT STATE Silver Eagle in the MS70 grade now for the simple reason that the coins "turn in the holder". The processes utilized at the Mint in the striking of these MS Silver Eagles appears to result in the coins "turning", in some cases before they are even removed from their shipping packaging upon shipment from the Mint. This is not the case, however, with Proofs. Why - I have no idea. So, technically, I believe that even if a coin has mark-free surfaces, it will not support an MS70 grade if it has spots on it. If, and when, the US Mint alters its production methods and the coins come out "spot-free", I suspect there would be many more MS70 Silver Eagles at PCGS. Perhaps 2004 is that year - time will tell. Wondercoin " Since MS70 SAE's were a rare sight, the prices skyrocketed and each one that turned cost PCGS serious money in the Grade Guarantee Department. The 2004 SAE reported in this thread: [url]http://forums.collectors.com/messageview.cfm?catid=26&threadid=275768[/url] eventually turned or somewhat turned as the cert number is currently reported as an MS69. [url]http://www.pcgs.com/cert/21517396[/url] I have no idea what the poster sold the coin for or if it was even sold. I just know that it used to be a 70 and now its not. The only way to counteract the "grade guarantee" costs associated with minimal MS70 Silver Eagles and still keep up with NGC in the grading arena, was to grade a bunch of them and eventually dilute the value. This was a plan that was well executed for a minimal loss. Your "Bottom Line" statement is exactly correct. To the point that it's my belief that MS/PR70 are pretty much guaranteed for certain submitters with a few given out randomly to small time submitters. The net result is that MS/PR70 has become as meaningless a grade as MS/PR69. The ONLY relevance the grade has is with regard to TPG Registry Sets.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Label Desirability
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...