Reply to Thread

Message:: [QUOTE="Mike Thorne, post: 7857939, member: 56869"]After all these years, I suddenly had an "aha" moment that concerns when an AU58 coin receives an MS grade (MS62). The MS62 is given based on what the coin is worth on the market. I remember reading a long time ago that AU58 coins were likely to be superior to many coins that are mint state. Specifically, if the coin didn't have a touch of wear on it, it might have received an MS65 or higher grade. I have just such a coin in my collection. It's a 1931-S cent I bought not long after I got married. I found it at a little hole-in-the-wall shop on Royal St. in the Quarter in New Orleans. The seller wanted $27.50 for it, and I bought it because that was less than another dealer down the street wanted for coins not nearly as nice. Anyway, the first time I got it certified, by "Good" PCI (not to be confused with the later PCI that was terrible), it came back with the grade of AU58. Many years later I sent it to PCGS along with some other PCI-graded coins, and it came back with the grade of MS62. In a way, that's a disservice to my coin, which without the wear would probably receive a grade of MS65 or higher.[/QUOTE]