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Why is PCGS so hard on the 1920 Saint?
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<p>[QUOTE="GDJMSP, post: 3123609, member: 112"]Back in '05 there was a study done on Saints. It separated the coins into 3 groups, common dates, scarce dates, and rare dates. It then ranked those coins based on grade and value within their respective groups.</p><p><br /></p><p>Back then, the 1920 fell into the 1st group - common dates. It ranked #4 (meaning 4th lowest at 3,525) in the total number graded MS64 within its group; it ranked #1 based on CDN Ask of $3,500 (meaning highest value) in regards to value within its group, again among all those graded MS64. And it also ranked #1 for those graded MS65, again based on CDN Ask of $32,000, within that group, and only 1 coin was graded 65 with none higher.</p><p><br /></p><p>Now since then things have changed somewhat. If you look at the current PCGS pop charts you'll see that 1,016 have been graded MS64 with 83 more graded 64+. And today there are only 2 graded MS65 with none higher.</p><p><br /></p><p>And while I'm not going to do all the math to separate out the coins in the various groups today as compared to those in the same groups back then, you can see at glance that things have changed there as well. Coins that used to be in group 1, 2, or 3 are now in different groups. That's largely because today they have graded twice as many Saints as they had graded back then, just barely over 500,000 then to well over a million of them today. And that kind of jives with the change in pop numbers, but it does not take into account the change in grading standards. Nor am I going to research current values as anyone can do that for themselves.</p><p><br /></p><p>That said, the number of 1920 Saints graded MS65, then and now, speaks volumes ! The coins in that quality simply don't exist for that date. It's because coins of that date have low quality of luster and are plagued with contact marks.</p><p><br /></p><p>People who know coins know all these things, have known 'em for many, many years. It's information like this that makes the coin market what it is. But the average collector, well they usually don't know all these things. And that's why it's so imperative that one studies, hard and long, because that's what it takes if one wishes to understand the coin market.</p><p><br /></p><p><br /></p><p>edit </p><p>[USER=96473]@St Gaudens collector[/USER] - if you'd like, I'd be happy to share that study with you. Simply contact me via Private Message, which you can see how to do easily by clicking on my avatar.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 3123609, member: 112"]Back in '05 there was a study done on Saints. It separated the coins into 3 groups, common dates, scarce dates, and rare dates. It then ranked those coins based on grade and value within their respective groups. Back then, the 1920 fell into the 1st group - common dates. It ranked #4 (meaning 4th lowest at 3,525) in the total number graded MS64 within its group; it ranked #1 based on CDN Ask of $3,500 (meaning highest value) in regards to value within its group, again among all those graded MS64. And it also ranked #1 for those graded MS65, again based on CDN Ask of $32,000, within that group, and only 1 coin was graded 65 with none higher. Now since then things have changed somewhat. If you look at the current PCGS pop charts you'll see that 1,016 have been graded MS64 with 83 more graded 64+. And today there are only 2 graded MS65 with none higher. And while I'm not going to do all the math to separate out the coins in the various groups today as compared to those in the same groups back then, you can see at glance that things have changed there as well. Coins that used to be in group 1, 2, or 3 are now in different groups. That's largely because today they have graded twice as many Saints as they had graded back then, just barely over 500,000 then to well over a million of them today. And that kind of jives with the change in pop numbers, but it does not take into account the change in grading standards. Nor am I going to research current values as anyone can do that for themselves. That said, the number of 1920 Saints graded MS65, then and now, speaks volumes ! The coins in that quality simply don't exist for that date. It's because coins of that date have low quality of luster and are plagued with contact marks. People who know coins know all these things, have known 'em for many, many years. It's information like this that makes the coin market what it is. But the average collector, well they usually don't know all these things. And that's why it's so imperative that one studies, hard and long, because that's what it takes if one wishes to understand the coin market. edit [USER=96473]@St Gaudens collector[/USER] - if you'd like, I'd be happy to share that study with you. Simply contact me via Private Message, which you can see how to do easily by clicking on my avatar.[/QUOTE]
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Why is PCGS so hard on the 1920 Saint?
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