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Message:: [QUOTE="Leadfoot, post: 644819, member: 2972"]Actually, I didn't express what I was trying to say.   What I should have said is "So there's no such think as a PQ ungraded raw coin?"  The point being good coins are good coins, regardless of their grade.  As an aside, I think that's something that's lost on many of today's slab-centric collectors.   Let's try this from a slightly different perspective.... When one collector hands a coin to another, PQ for the grade rarely if ever comes up.  A collector looks at the coin and says "Cool coin!" and if it looks almost undergraded (i.e. a coin a seller would often call PQ) they will say something like "looks good for the grade" or "looks undergraded".  The point being, in all of my numsmatic discussions I've never heard the word PQ used between collectors.   Now, introduce selling into the equation, and now the term is flying all over the place -- and in virtually every instance it is either trying to incite higher bids or justify a higher-than-normal price.  You might call that cynicism, but I prefer calling a spade a spade. That's not to say all dealers are guilty of this, nor is to say that there aren't really "PQ" coins that should fetch a premium price, but rather just as I said earlier, "a term made up by sellers to justify a higher price". Respectfully...Mike[/QUOTE]