MS-70 Overflow Poll

Thanks Finance. Well said.

 

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well that being said...perhaps the professional graders need to increase the grades to 80 or something, seeing how close to perfect they get.

 

you stated simple facts there, just with a different spin than me i agree with what you said; however...

70s do have a very high cost, but there are plenty out there. if you want one, you can have one easily. there is no search involved. and their rarity is what used to make them special. give it 3 years before these 70s, which are now worth so much, are worthless. makes no difference to me tho, i dont take grade into account with my collection

so you speak the truth, but my standards are slightly higher for the coins i think

 

Ahem...

http://www.cointalk.com/t108991/#post895828

 

Okay, then I will present the same challenge to you that I presented to Top Cat................Prove it!

Chris

 

Doug,

The point that I have been trying to make to the others is that no one can make a blanket statement like, "There is no such thing as a perfect coin", because it is impossible to prove it.

Are there coins in 70 slabs that have minute flaws? I'm sure there are! But let's look at it from the standpoint of the grader working for the TPG. If someone submits a green monster, the grader has just seconds to look at each coin. Naturally, you would expect that some flaws will get missed, but that doesn't mean that the TPG or the grader is cutting anyone slack just because they are a big account. If the grader should spot a flaw, the coin will be graded accordingly.

I recall an incident at a local coin show about 5 years ago. One of the dealers who supposedly had 30+ years experience was ranting and raving that NGC goofed on a pair of 95W Eagles that he submitted. They gave both of them 69's when he said they should have received 70's. He said that he was going to send them back for review.

Since I had never had the opportunity to see a 95W in-hand before, I asked if I could look at them. I pulled out my 10x loupe and looked at them carefully from every possible angle. I found five tiny breaks in the cameo no bigger than a pinpoint on one and four on the other. When I pointed out the flaws and suggested that he save his money because they wouldn't grade 70, he grabbed them from my hand and stammered, "Yeah, but the graders aren't supposed to take as long as you did in their examination!"

Of course, one other statistic that we never see is how many coins go back to the grading room as a result of final review.

In spite of all this, it is still my opinion that it is a waste of money to buy any 70.

Chris

 

I understand what you are saying and even agree with it. However, you have someone else you need to convince. Here is PCGS's definition from http://www.pcgs.com/lingo.chtml?universeid=313&letter=M (emphasis mine);

 

according to stephen hawking (smartest man alive), nothing is perfect. and hes talking on a much bigger scale, so i think it includes coins

but that is not the argument

do the coins, perfect or not, deserve to be graded 70 opposed to 69?

 

As we all know nothing is perfect.
but some should be PR or MS-70 as they are struck as near to perfect as possible.
:kewl: but not SGS 4 sure!!!

 

Chris

 

Doug,

....."perfect or not", with the word "or" signifying a comparison between "perfect" and "not perfect" leaves no question (note that I did not say "suggests" or "implies") in the comparison. If you were to convert this one question into two questions, they would be, "Does a perfect coin deserve a 70?" or "Does a not perfect coin deserve a 70?" Hence, the reason for my question, "When it's raining outside, is it wet?"

Chris

 

im not talking about any specific coin. just generally speaking, most of the MS-70s do not deserve to be graded as such, in my opinion

 

I almost won the Powerball last night! All I needed was four more numbers.

Chris

 

Why? Why do "most" not deserve the grade? Are there breaks in the luster? Contact marks? Apparently you're coming across more MS70's than I am, so upon looking at these in hand, what is it about them that leads you to this belief?