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<p>[QUOTE="bhp3rd, post: 531418, member: 16510"]New thread - should moderns even be graded using current standards?</p><p>This thing with all the moderns being graded as MS-Proof 69 or higher has got me thinking. Should we even apply the same grading criteria to these as we do for **real coins made for circulation***?</p><p>Now what I mean is "is it fair to apply the grading standards used for our business strike coins to modern perfect coins made for collectors"? Or the reverse - "it is fair to apply the grading standards used for modern coins to our circulated business strikes"??? <b> Now bare with me here a little and give me some leeway.</b></p><p>When our business strike coinage comes from the mint the grades, as I am sure you all know, are anywhere from AU-58 to MS-67 - technically there should be know AU but I'm accounting for damaged coins that would have to be downgraded. Plus you'all know the amount of MS-67, 66's in very, very low compared to all the others and generally speaking we are talking about the vast majority being MS-60 thru 64. Now this is off the presses and we apply the same set of strict criteria to these as we do modern made for collectors commemoratives and such?</p><p>Should not the moderns have a caveat of sort that states MS, but Special Mint product before the numbered grade is assigned to the coin???</p><p><b>Don't the moderns already have an advantage even before the coin is struck, special dies, special planchets, special handling, packaging and so on??? Or is this just a "given" fact we should all know???</b></p><p>Seems to me we may have missed the boat somewhere with this technology. The moderns were made to be high mint state grades from the get go - business strike certaily are not so why are they in the same class at all??? <b> I mean how often do you see a silver Buffalo dollar in MS or Proof 63??? Never is the answer form this desk.</b></p><p>When I take a Lincoln cent out of a modern mint set, (since 2005) I label it accordingly for a couple of reasons, first the coin is obviously better (most times) and I will have to ask a little more because I have paid more for it.</p><p><b>So the final question begs as answer,</b></p><p><b>If one coin is "just made" with all the inherent flaws and jumbled around with millions of others and then put into circulation and the other is specifically made with 10x the quality control, should they even be in the same category at all with regard to grading criteria?</b></p><p> </p><p>"Just want to always keep questioning - it's the way I am"[/QUOTE]</p><p><br /></p>
[QUOTE="bhp3rd, post: 531418, member: 16510"]New thread - should moderns even be graded using current standards? This thing with all the moderns being graded as MS-Proof 69 or higher has got me thinking. Should we even apply the same grading criteria to these as we do for **real coins made for circulation***? Now what I mean is "is it fair to apply the grading standards used for our business strike coins to modern perfect coins made for collectors"? Or the reverse - "it is fair to apply the grading standards used for modern coins to our circulated business strikes"??? [B] Now bare with me here a little and give me some leeway.[/B] When our business strike coinage comes from the mint the grades, as I am sure you all know, are anywhere from AU-58 to MS-67 - technically there should be know AU but I'm accounting for damaged coins that would have to be downgraded. Plus you'all know the amount of MS-67, 66's in very, very low compared to all the others and generally speaking we are talking about the vast majority being MS-60 thru 64. Now this is off the presses and we apply the same set of strict criteria to these as we do modern made for collectors commemoratives and such? Should not the moderns have a caveat of sort that states MS, but Special Mint product before the numbered grade is assigned to the coin??? [B]Don't the moderns already have an advantage even before the coin is struck, special dies, special planchets, special handling, packaging and so on??? Or is this just a "given" fact we should all know???[/B] Seems to me we may have missed the boat somewhere with this technology. The moderns were made to be high mint state grades from the get go - business strike certaily are not so why are they in the same class at all??? [B] I mean how often do you see a silver Buffalo dollar in MS or Proof 63??? Never is the answer form this desk.[/B] When I take a Lincoln cent out of a modern mint set, (since 2005) I label it accordingly for a couple of reasons, first the coin is obviously better (most times) and I will have to ask a little more because I have paid more for it. [B]So the final question begs as answer,[/B] [B]If one coin is "just made" with all the inherent flaws and jumbled around with millions of others and then put into circulation and the other is specifically made with 10x the quality control, should they even be in the same category at all with regard to grading criteria?[/B] "Just want to always keep questioning - it's the way I am"[/QUOTE]
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