Question on MS 70 Grading

In order to grade properly you must have a standard, and know what that standard looks like. Anything else is guessing.

Does 70 exist - if it is defined, it can exist.

if we look a Webster’s dictionary and see the definition of perfect.
(it has several but this is the one that applies)

One definition in Webster’s dictionary about perfect is ;

b : satisfying all requirements : ACCURATE c : corresponding to an ideal standard or abstract concept

I believe the "Perfect" that we are talking about is the "ideal standard"

 

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Wrong! That is like saying there are 270 for the days or whatever.... She either is or she isn't. Same with a coin, if it is not perfect it is a 69 or below.

 

Is this auction over? Did this thing only sell for $200.? Yikes what a beating compared to recent Heritage auctions graded by other TPG's!

Auction 408, Lot 4772 Saturday, June 3, 2006 70 NGC $1,955.00
Auction 408, Lot 4771 Saturday, June 3, 2006 70 PCGS $2,760.00
Auction 404, Lot 5201 Saturday, April 29, 2006 70 NGC $2,990.00
Auction 26032, Lot 11843 Tuesday, March 14, 2006 70 NGC $2,070.00
Auction 66032, Lot 23649 Sunday, March 12, 2006 70 NGC $1,955.00

 

In my opinion perfect is perfect.No marks, no hairlines or scuffs. Luster and eye appeal is a different matter.

I do have a question though. Will toning detract a MS or PR -70 coin? Would it be considered a 69 instead?
Or does it depend on the TPG?
I always had thought that a PF or MS-70 coin could not be perfect if it has toned in some way.Dont know where I recieved that info but it does make sense. The coin in question is graded by ICG.I am still happy with my purchase, because I only paid 69 money for it and slightly a bit more than its bullion content.

CLAW

 

Thanks Doug,I wasnt sure where I heard that info, But obviously it was wrong.

Keep up the good work!!:bow:

Claw

 

:whistle: I get it now, thanks.

 

Despite Another Different post responding to "Speedy" vs his lack of respect now for ANACS and my sticking up for the "NEW ANACS" I believe there are next to none ANACS MS70 and PF70 in the old ANACS holders, and now that someone has shown me A New ANACS 70, it really kills what I thought was a new, stricter ANACS..... APPARENTLY NOT!!!!

 

I talked to NGC

I called up NGC to discuss my MS 70 Gold buffalo which started this whole topic. The customer service person told me that graders have dealt with the "scuff" on the edge of the coin as being normal, and that it did not affect the grade of the coin. I also mentioned that after examining the coin even further, i notice a little scuff on the butt of the buffalo, which i will post a picture of. The customer service person also said this was normal, and would not affect the grade of the coin. So, as confused as I still am, she transfered me to the grader himself, but i was only able to leave a call back number. I am still waiting to talk to him about the specifics on how they grade the coins, and to what standards.

Secondly, what does "having Tone " on a coin mean?

Unfortunatly I Don't know how to compress the pictures to fit this websites standards, and still be able to keep a quality picture Anyways.

thanks
justin

 

better pictures

These pictures are a little bit better.

 

I'm curious now how this plays out. The fanny rub would certainly not allow for a 70. Not in my eyes anyway.

 

What could be more normal than a little Buffalo gas ? NGC blew it ... The coin that is !

 

Maybe this is how they supply the TV sellers with so many 70's. I was watching them hawk this series a few nights ago and they said they " only " have 300 in PR70 in stock, hurry up!

 

I agree that NGC blew it and they don't want to agree with us

Speedy

 

Marks on the coin are "normal" and don't affect the grade? That's funny. You should post this on the NGC forums and see what people have to say.

 

It says something good about the decorum of this site that we haven't broken out in a long string of jokes about this one.:rolling:

I agree with previous posters. Scuffs on field and devices are what commonly make a St Gaudens an MS64, 63, 62... etc. Scuffs - quantity and quality - seem to be a real governing factor.

Why would they ignore a scuff on a 70 of all things ?

I suspect there may be a "quality control" issue... maybe they're getting overwhelmed with a lot of Gold Buffalo $50s right now, and they got a little careless.