First Try

If it doesn't fit anywhere else, POST IT HERE. Numismatic related posts only.

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Daniel
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Re: First Try

#11 Unread post by Daniel » Wed Mar 20, 2019 8:45 pm

PCGS values are for graded coins so more like a $1 raw. You can often get them for around that much as coin shows.



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Re: First Try

#12 Unread post by B.Alvn » Wed Mar 20, 2019 9:25 pm

so it's either $1 or get it graded and try to hit 67 for a jackpot coin worth several grand, huh? It's a little surreal..

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Re: First Try

#13 Unread post by Daniel » Wed Mar 20, 2019 9:59 pm

Believe me I have tried to get that grade but it is a gift that is not often given, it is a trade secret that keeps the rare coin market rare.

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Re: First Try

#14 Unread post by PetesPockets55 » Thu Mar 21, 2019 5:51 am

B.Alvn wrote:
Wed Mar 20, 2019 2:41 pm
Daniel wrote:
Wed Mar 20, 2019 6:04 am
I see some staining but over-all a nice coin that could be MS64-MS65. Even in this condition these are fairly common. Thanks for posting!
Hey, I'll take that grade! For a fairly common coin, PCGS's website still says $8-12 range...that's kind of nice. Thanks for looking at it... I'll post some more from these rolls soon... So the image quality and brightness were acceptable then?
That maybe the price range, but remember that is when they are in the PCGS holder, not raw.
And unfortunately it gets pricey to put in a "slab". (Daniel would have a better idea on that cost than I will.)

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Re: First Try

#15 Unread post by B.Alvn » Thu Mar 21, 2019 9:31 am

Daniel wrote:
Wed Mar 20, 2019 9:59 pm
Believe me I have tried to get that grade but it is a gift that is not often given, it is a trade secret that keeps the rare coin market rare.
Well, it is fun. I figure at least after going through a few hundred coins i can at least begin to get an idea of what these grades mean and maybe find 2 or 3 to send in...

Level with me, though...it's not really an exact, objective, science, is it?

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Re: First Try

#16 Unread post by mhonzell » Thu Mar 21, 2019 10:31 am

Don't confuse grade with eye appeal.
While eye appeal can affect grade, grade is a measure of the surface condition.

Example:
One of the three Morgans below is a MS-65. The other two are MS-64. Care to guess?
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Re: First Try

#17 Unread post by Daniel » Thu Mar 21, 2019 10:52 am

No it really isn't a science although some elements are. What the problem is that human error and greed are real issues in this business and these companies are in the to make money. They're in a race to have the most expensive coins in their holders so it's a balancing act.

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Re: First Try

#18 Unread post by B.Alvn » Thu Mar 21, 2019 10:41 pm

mhonzell wrote:
Thu Mar 21, 2019 10:31 am
Don't confuse grade with eye appeal.
While eye appeal can affect grade, grade is a measure of the surface condition.

Example:
One of the three Morgans below is a MS-65. The other two are MS-64. Care to guess?
the one in the middle clearly has better surface condition, to me. the one on the left has some kind of damage in the field behind Lady's head (and the ugly spot), and the one on the right has wear of some kind above the ear and elsewhere...

frankly i'm surprised the left coin is even considered Mint State at all.....isn't that circulation wear i'm looking at? Even worse, it looks like a cleaned coin, doesn't it?

how'd i do?

let me ask you: what is included in 'surface condition' ...does that include spots and discoloration or only physical damage?

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Re: First Try

#19 Unread post by B.Alvn » Thu Mar 21, 2019 11:08 pm

Daniel wrote:
Thu Mar 21, 2019 10:52 am
No it really isn't a science although some elements are. What the problem is that human error and greed are real issues in this business and these companies are in the to make money. They're in a race to have the most expensive coins in their holders so it's a balancing act.
that's too bad... you'd think at $30-40 a pop that would be enough money to run a very profitable business on...it takes a grader, what?, 2 minutes per coin? and how much overhead could there be? a few magnifying glasses, some plastic holders manufactured by the billions in China somewhere.... they are already greedy as hell without having to be dishonest too.

Do you think we will see a day when computer software takes over grading? It really wouldn't be that hard to write a program that takes a more objective look...

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Re: First Try

#20 Unread post by mhonzell » Fri Mar 22, 2019 3:28 am

The two left Morgans are graded at 64. The right is graded at 65.

Photos do not always tell the story. Graders hold these in hand, albeit briefly, and examine the surfaces. I have to wonder if the one on the right would have received a 66 if it wasn't so toned. The left one's fields are reflective and the devices appear to contrast, which likely brought the grade up despite the marks. I still think it is overgraded. The one in the middle is actually labeled as a Proof 64 Cameo, which is a different type of strike.

You can claim the TPGs are overly subjective until you see examples like the one on the right. So, I'd have to say they usually get it right.

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