@Aotearoa said:
A prime candidate for never being cracked out.
Agree. It's what's called a "coffin coin" since it's in its final resting place.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
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@Aotearoa said:
And… I’ll bet it never gets a gold bean.
I doubt if it will ever get a green bean. It's a nice coin that I wouldn't mind owning but I sure wouldn't pay more than a MS64 price for it.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
My 10 second eval following what I think a TPG grader would do, I thought 64. Way too much chatter in the close up, but that is smoothed out in the TV, so 64. And then I looked it up, ouch.
Here is a $5 gold, from the same era, 1886-S, a common date, that is graded MS-64. I bought it, so I think the grade is correct.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
My 85-S that resides in an MS64 holder. I've always thought this coin may be under graded, but not three points! How did three graders look at the coin in question and decide it was a 66? It's so far from reality that PCGS should buy this coin and post it above the door going into the grading room.
No way that coin is accurately graded a 66. Nice coin but my thought was 64. According to the PCGS price guide there is a 4x jump in price from 65 to 66 and an 8x jump from 64 to 66. If I was the buyer I'd be VERY disappointed if I paid 66 money for what in my opinion is a 64 coin even with the Fairmont provenance.
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@breakdown said:
It just sold for $4300 which is certainly not MS66 money.
A couple of other MS66 coins fetched in the low $5k range. Now the price guide value will decrease for all Ms66 coins. Grade inflation is a scary thing.
It would be unethical for a dealer to offer this coin in an MS 66 holder unless heavily discounted. Auction is the only reasonable way to discard such a mess. That way the buyer is totally responsible for his action.> @MsMorrisine said:
I wouldn’t be against pcgs asking me for it back but it’s going to be their expense.
Its too late now. I guess it sold. Next time it sells [which will probably be soon] do you think it will lower and lower until it is presented to PCGS for buy back ? They could seek that coin out, do the right thing and offer hammer plus buyer fee to the current owner. I can see more money lost on that coin after it changes hands a few more times than its actually worth.
@fiftysevener said:
It would be unethical for a dealer to offer this coin in an MS 66 holder unless heavily discounted. Auction is the only reasonable way to discard such a mess. That way the buyer is totally responsible for his action.> @MsMorrisine said:
I wouldn’t be against pcgs asking me for it back but it’s going to be their expense.
Its too late now. I guess it sold. Next time it sells [which will probably be soon] do you think it will lower and lower until it is presented to PCGS for buy back ? They could seek that coin out, do the right thing and offer hammer plus buyer fee to the current owner. I can see more money lost on that coin after it changes hands a few more times than its actually worth.
I don’t think it would be unethical. But if you think the asking price can determine ethical vs. unethical, where do you draw the line?
Years ago when I had my own dealership I bought a Trade Dollar that was graded 66. I thought it was a 65 and paid 65 money for it. In my description, I stated i thought it was over-graded. It sold the first day.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@marcmoish said:
I wish someone from grading would comment, as to how this is possible and what would have warranted this one to get signed off at 66.
Polls can be off, sure, but if a whopping 90% said this one is at or under 64, that is rather startling to me.
I’m speculating here, but I think it is likely the person preparing the label/entering the grade held their finger for a millisecond or so too long on the “6” key producing a grade off 66 instead of what ever else was intended. Some software will only accommodate string characters of certain lengths and will ignore any characters typed once that length has been reached.
Alternatively maybe it was graded right after the holiday party or on Tequila Tuesday. 😆
@marcmoish said:
I wish someone from grading would comment, as to how this is possible and what would have warranted this one to get signed off at 66.
Polls can be off, sure, but if a whopping 90% said this one is at or under 64, that is rather startling to me.
I’m speculating here, but I think it is likely the person preparing the label/entering the grade held their finger for a millisecond or so too long on the “6” key producing a grade off 66 instead of what ever else was intended. Some software will only accommodate string characters of certain lengths and will ignore any characters typed once that length has been reached.
Alternatively maybe it was graded right after the holiday party or on Tequila Tuesday. 😆
Even if your speculation were correct, I’d expect that such an error would be caught in a post-encapsulation quality control check by a grader.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@marcmoish said:
I wish someone from grading would comment, as to how this is possible and what would have warranted this one to get signed off at 66.
Polls can be off, sure, but if a whopping 90% said this one is at or under 64, that is rather startling to me.
I’m speculating here, but I think it is likely the person preparing the label/entering the grade held their finger for a millisecond or so too long on the “6” key producing a grade off 66 instead of what ever else was intended. Some software will only accommodate string characters of certain lengths and will ignore any characters typed once that length has been reached.
Alternatively maybe it was graded right after the holiday party or on Tequila Tuesday. 😆
There is another answer as well-
There are 4 people who clicked ms66 on the polling from the boards here. They must be super grandmaster graders and therefor got the grade right. Most of the rest of us are just chatroom weenies-clearly in need of a grading class.
Comments
64 for me
I clearly cannot. I looked it up and I was not too close.
A prime candidate for never being cracked out.
Smitten with DBLCs.
And… I’ll bet it never gets a gold bean.
Smitten with DBLCs.
Agree. It's what's called a "coffin coin" since it's in its final resting place.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Sticky keys? I’m serious about it being a mechanical error.
I doubt if it will ever get a green bean. It's a nice coin that I wouldn't mind owning but I sure wouldn't pay more than a MS64 price for it.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
It’s in the upcoming SB sale. Doesn’t appear there will be too many bidders from here so I think it’s safe to mention.
"Look up, old boy, and see what you get." -William Bonney.
My 10 second eval following what I think a TPG grader would do, I thought 64. Way too much chatter in the close up, but that is smoothed out in the TV, so 64. And then I looked it up, ouch.
bump for grade reveal
That coin needs to go back to PCGS in my opinion. That actually seems like a "mechanical error".
Collector, occasional seller
Maybe it gets the highly coveted and rarely awarded... drum roll... Lima Bean
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overgraded
Repetition of ignorance is ignorance raised to the power two.
No way!!!
Young Numismatist • My Toned Coins
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I first saw this thread after the grade posted, so hard to be unbiased, but I think I would have been a 62/63.
Now put a green (or who knows, a gold) bean on this puppy for some real fireworks!
Here is a $5 gold, from the same era, 1886-S, a common date, that is graded MS-64. I bought it, so I think the grade is correct.
66? Nope
My 85-S that resides in an MS64 holder. I've always thought this coin may be under graded, but not three points! How did three graders look at the coin in question and decide it was a 66? It's so far from reality that PCGS should buy this coin and post it above the door going into the grading room.
That has to be the absolute worst coin I have ever seen in a 66 holder from any of the top 4 grading services.
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It just sold for $4300 which is certainly not MS66 money.
"Look up, old boy, and see what you get." -William Bonney.
worst coin ever kinda harsh maybe it has some redeeming qualities like luster that's hard to see from the pic
Maybe but luster isn't going to hide all those marks.
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MS66 ??? Geeezzz ... Needs to be sent back for a downgrade.
Its way more than 65 money which in PCGS MS65 is $2250
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No way that coin is accurately graded a 66. Nice coin but my thought was 64. According to the PCGS price guide there is a 4x jump in price from 65 to 66 and an 8x jump from 64 to 66. If I was the buyer I'd be VERY disappointed if I paid 66 money for what in my opinion is a 64 coin even with the Fairmont provenance.
That's impossible. That coin shouldn't be a 62 with the lip removed.
My first thought was 63 but I could've seen it stretched to 64. Not in my wildest imaginings would I have guessed 66.
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My serious contribution to this thread is this is likely a mechanical error
Experience the World through Numismatics...it's more than you can imagine.
A couple of other MS66 coins fetched in the low $5k range. Now the price guide value will decrease for all Ms66 coins. Grade inflation is a scary thing.
I would send it back in, to give the graders a second chance.
Young Numismatist • My Toned Coins
Life is roadblocks. Don't let nothing stop you, 'cause we ain't stopping. - DJ Khaled
I wouldn’t be against pcgs asking me for it back but it’s going to be their expense.
It would be unethical for a dealer to offer this coin in an MS 66 holder unless heavily discounted. Auction is the only reasonable way to discard such a mess. That way the buyer is totally responsible for his action.> @MsMorrisine said:
Its too late now. I guess it sold. Next time it sells [which will probably be soon] do you think it will lower and lower until it is presented to PCGS for buy back ? They could seek that coin out, do the right thing and offer hammer plus buyer fee to the current owner. I can see more money lost on that coin after it changes hands a few more times than its actually worth.
I much prefer @BillJones and @bolivarshagnasty examples. Nice coins! I never would have guessed 66 on the OP coin.
I don’t think it would be unethical. But if you think the asking price can determine ethical vs. unethical, where do you draw the line?
Years ago when I had my own dealership I bought a Trade Dollar that was graded 66. I thought it was a 65 and paid 65 money for it. In my description, I stated i thought it was over-graded. It sold the first day.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@MFeld - I miss your dealer days. You were a rare gem in a hobby of sharks.
I wish someone from grading would comment, as to how this is possible and what would have warranted this one to get signed off at 66.
Polls can be off, sure, but if a whopping 90% said this one is at or under 64, that is rather startling to me.
I’m speculating here, but I think it is likely the person preparing the label/entering the grade held their finger for a millisecond or so too long on the “6” key producing a grade off 66 instead of what ever else was intended. Some software will only accommodate string characters of certain lengths and will ignore any characters typed once that length has been reached.
Alternatively maybe it was graded right after the holiday party or on Tequila Tuesday. 😆
Even if your speculation were correct, I’d expect that such an error would be caught in a post-encapsulation quality control check by a grader.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
As Spock would say. Fascinating......
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
There is another answer as well-
There are 4 people who clicked ms66 on the polling from the boards here. They must be super grandmaster graders and therefor got the grade right. Most of the rest of us are just chatroom weenies-clearly in need of a grading class.