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<p>[QUOTE=&quot;TypeCoin971793, post: 3507764, member: 78244&quot;]I like how they go from an uncertain descriptor to a certain one.</p><p><br /></p><p>I also like how they grade coins which are known to have been pulled from circulation (the Lowell W quarters or coins with fingerprints, for instance) and assign MS grades to them. </p><p><br /></p><p>Inconsistent much?</p><p><br /></p><p><br /></p><p><br /></p><p>And I have no disagreements with that. The problem is the market, which cannot get past the holder.</p><p><br /></p><p><br /></p><p><br /></p><p>Well, they proudly display their standards on their website:</p><p><br /></p><p><a href="https://www.pcgs.com/grades" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.pcgs.com/grades" rel="nofollow">https://www.pcgs.com/grades</a></p><p><br /></p><p>And lookie here:</p><p><br /></p><p>[ATTACH=full]930238[/ATTACH] </p><p><br /></p><p>“No wear”. That’s pretty unambiguous. They also say “The numerical grades MS-60through MS-70, used to denote a business strike coin <b>that</b> <b>never</b> <b>has</b> <b>been</b> <b>in</b> <b>circulation</b>. A Mint State coin can range from one that is covered with marks (MS-60) to a flawless example (MS-70).”</p><p><br /></p><p>That immediately relegates the discovery specimens of the Lowell W quarters to AU, but both were graded MS. Things that make you go “hmm.”</p><p><br /></p><p><br /></p><p><br /></p><p>I think [USER=46237]@Jaelus[/USER] said it best:</p><p><br /></p><p><br /></p><p><br /></p><p>Splitting hairs on grades should not matter, but it apparently means thousands of dollars in the US market. If a coin is premium, it should not require a holder to get a premium value in the market. But it does, and that speaks more about the market than the grading system itself.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Notice what I said back in post #32 of this very thread.</p><p><br /></p><p><a href="https://www.cointalk.com/threads/thoughts-on-cabinet-friction-from-a-professional-grader.337901/page-2#post-3503220" class="internalLink ProxyLink" data-proxy-href="https://www.cointalk.com/threads/thoughts-on-cabinet-friction-from-a-professional-grader.337901/page-2#post-3503220">https://www.cointalk.com/threads/thoughts-on-cabinet-friction-from-a-professional-grader.337901/page-2#post-3503220</a></p><p><br /></p><p>In this case, I am strongly in disagreement with Doug. I’m okay with roll/bag friction as long as it looks “scuffy” like it was scraping against other coins. But when the luster is completely dulled on the high points (as it <i>appeared </i>in the <i>picture</i> of thr MS-67 Saint), then it is AU.[/QUOTE]</p><p><br /></p>

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