Discussion in 'US Coins Forum' started by physics-fan3.14, Oct 13, 2019.
I’ve seen several, and I agree.
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I went 67 because the coin is so good but I could easily see it getting 68 if it has booming luster or 66 if the luster is very subdued.
my thoughts exactly. I voted 67, but this coin is nearly mark free, and after looking at it a few more times, I would not be surprised if PCGS graded it 68.
The 1943-D is typically well struck and relatively easy to find in gem which means that the coin has to be a real boomer to get to 68. And so, I will follow my gut and stand by my original grade at MS-67.
I think a strong argument can be made for a 67+, or even a 68 (it is clearly high end 67). However, as a couple of you mentioned, I think the luster is what keeps this coin back. If you compare the 68's listed on Heritage, they generally show more luster (keep in mind, the easiest way to compare coin photos is to have uniform lighting and technique across all coins)
Check back soon - I've had a few requests for copper, so we'll have some 19th century copper for the next one!
Anyways, the reveal:
What's up with that ? It was an excellent explanation/reasoning of the grade chosen though.
Thanks again @physics-fan3.14
The whole "best answer" thing is weird. You would think that only the poster of the thread would be able to select a post as the best answer.... but, anyone can. I was a little surprised to see it pop up (and, it doesn't say who selected it).
There are some good arguments for a 68 on this coin, I'll admit that.
I'll be honest, I didn't even look at the sales price. However, this one seems to have sold for a generic 67 price: https://coins.ha.com/itm/lincoln-ce...ce-fo/a/131613-29064.s?hdnJumpToLot=1&x=0&y=0
For those learning from these threads, the implied subtext that messydesk is referring to: most major auctions allow bidders to view lots in-hand at the auction. If auction bidders think a coin is undergraded, they will often over-bid a coin thinking that it will upgrade. It is often far easier to grade a coin in hand than it is via online pictures, and so the theory is that people who actually attend an auction will have an advantage. If the auction price for this coin reflected an unusually high price for a 67, you might think that in hand many people thought it would receive a 68 (as indicated by the guesses here). However, since the auction bids reflect a 67 price, there is a good chance that few people were willing to take the chance on an upgrade after an in-hand review.
Those older "arguably" more strictly graded slabbed coins are disappearing due to crack outs for attempted upgrades when it's deemed worth the risk/reward.
I'm not saying standards have changed, or lightened though, because that is a very sensitive subject to some.
I can state that the TPGSs have a firm grasp on the market, so....
Where are the flaws?
Sorry for the delay in posting the next one. Heritage was down for a few days, and then there has been some stuff going on that has prevented me from posting much.
I'll get the next one up tomorrow, though, I promise!
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