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Are MS62 Coins Unloved?

CatbertCatbert Posts: 6,599 ✭✭✭✭✭

I'm curious about what the board thinks about classic coins graded MS62. These coins are ineligible for the Everyman registry collectors and are perhaps unloved by those who pursue the points associated with higher MS grades. Broadly speaking, an MS62 shouldn't have the ugly marks associated with MS60/61 and is likely luster challenged yet doesn't exhibit wear.

Do you own a classic MS62 coin that you think is nice despite its depressed "score"? If so, post a pic here and describe why you find it attractive.

Here's a Seated Half that is lightly toned, well struck, and possesses few marks. A worthy coin for my collection! :)

"Got a flaming heart, can't get my fill"
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Comments

  • BillJonesBillJones Posts: 33,473 ✭✭✭✭✭

    Not if they are properly graded early coins (1793 to 1807) or pieces from the Charlotte or Dahlonega mints.

    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 ... ?
  • ShaunBC5ShaunBC5 Posts: 1,631 ✭✭✭✭✭

    I think they are a bit unloved. Kind of in a no-man’s land of grading. I wouldn’t shy away from one, but I don’t think they get much MS love.

  • SmudgeSmudge Posts: 9,242 ✭✭✭✭✭

    Depends. For some coins 62 is about as good as it gets. Some don’t even crack MS.

  • jmlanzafjmlanzaf Posts: 31,834 ✭✭✭✭✭

    @BillJones said:
    Not if they are properly graded early coins (1793 to 1807) or pieces from the Charlotte or Dahlonega mints.

    This

    For some coins, 62 is a good as it gets. For others (Morgan dollars), it is a despised grade.

  • TurtleCatTurtleCat Posts: 4,589 ✭✭✭✭✭

    It all depends on why it’s a 62. I’ve seen some great ones and have a few.

  • CatbertCatbert Posts: 6,599 ✭✭✭✭✭

    Wow wow wow! That’s a tough date and maybe you’d sell that to me someday!

    "Got a flaming heart, can't get my fill"
  • alaura22alaura22 Posts: 2,646 ✭✭✭✭✭

    @Catbert said:
    I'm curious about what the board thinks about classic coins graded MS62. These coins are ineligible for the Everyman registry collectors

    Love the thread and I also have a few MS62s
    Just want to clear up something, They are eligible for the Everyman Mint Sets that have a limit of MS64. That's where my NS62s are

  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭

    Back when the dinosaurs roamed the browse floor.... MS62 used to sort of be the AU58+ grade before Plus grading, as often you'd have to look for a MS63 or higher not to see slight rub.

    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • alaura22alaura22 Posts: 2,646 ✭✭✭✭✭

    What's not to love about that coin
    WOW

  • ParadisefoundParadisefound Posts: 8,588 ✭✭✭✭✭
    edited June 16, 2022 9:45PM

    Great thread BIG CAT! I don’t know if I have any but the desirable grade usually dictates rare coin so of course I would LOVE them all!!!
    Good provocative thought on the subject 🥰

  • ElcontadorElcontador Posts: 7,416 ✭✭✭✭✭

    Bill Jones is correct re 1793 - 1807 properly graded coins. If you can afford them.

    I passed on an MS 62 Classic Large Cent. The coin was technically all there for the grade, but didn't have as much eye appeal as I would have liked to see.

    The problem with larger coins in MS 62 is they usually have either ugly toning and / or too many contact marks for me to find them desirable. Look at the hoards of 1859 O, 1860 S, and CC Morgans.

    Then you get to Capped Bust Halves, and IMO, too many nice AUs are in MS 62 holders.

    "Vou invadir o Nordeste,
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  • nwcoastnwcoast Posts: 2,838 ✭✭✭✭✭
    edited June 16, 2022 11:18PM

    Some great 62’s here!
    Fun topic!

    Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014

  • shishshish Posts: 1,104 ✭✭✭✭✭

    This "Then you get to Capped Bust Halves, and IMHO, too many nice AUs are in MS 62 holders."

    Liberty Seated and Trade Dollar Specialist
  • rec78rec78 Posts: 5,683 ✭✭✭✭✭

    Actually, I would say yes, MS62's are an unloved grade. Hardly anyone searches for MS 62 grade coins to add to their collection. The good thing is that a lot of MS62 coins are sold for bargain prices, especially Morgan dollars. Some are quite attractive. I certainly would not mind owning any of the examples shown so far in this thread.

    image
  • WilliamFWilliamF Posts: 832 ✭✭✭✭✭

    @ricko said:
    If I like the coin, and price is right, the 'number' is not important. I collect coins - not labels, not slabs, not points. I do not compete, I just enjoy collecting coins. Cheers, RickO

    100%

    ."It's a dangerous business... going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to" -JRR Tolkien_________________________________________________________________________________________________________________________________________Outstanding BST transactions as a seller, buyer and trader with: ----- mustanggt, Kliao, claudewill87, MWallace, paesan, mpbuck82, moursund, basetsb, lordmarcovan, JWP, Coin hunter 4, COINS MAKE CENTS, PerryHall, Aspie_Rocco, Braddick, DBSTrader2, SanctionII, Histman, The_Dinosaur_Man, jesbroken, CentSearcher ------ANA Member #3214817

  • rokkyrokky Posts: 308 ✭✭✭✭

    I’ve got no problems with 62’s. Every single coin in this thread is gorgeous.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    @lkenefic.... Totally approve.... Nice SLQ. Cheers, RickO

  • coastaljerseyguycoastaljerseyguy Posts: 1,243 ✭✭✭✭✭

    I think you can find some nice MS62 Morgans in addition to the real baggy ones. Also for me the perfect grade for breaking out the tougher dates, i.e. 86S or 89 - 92 O's, for my Dansco. Here is an 89O graded MS62, scratch on holder.


  • lkeigwinlkeigwin Posts: 16,887 ✭✭✭✭✭

    In the bust half dollar world MS62 is usually an attractive, desirable coin. Perhaps not as flashy as a higher grade. Or maybe there's a touch of cabinet friction. I have a couple dozen MS62 CBH's and I love each of them.
    Lance.

  • Cougar1978Cougar1978 Posts: 7,612 ✭✭✭✭✭
    edited June 17, 2022 7:45AM

    MS62 coins may be good hole fillers but for optimal investment grade I strongly recommend MS64 and higher.

    Select coins that are brilliant, wellstruck, and have super luster. Coins that don’t have pizzaz, darkly toned, spots, major marks, weakly struck for the grade just don’t cut it on the bourse.

    So Cali Area - Coins & Currency
  • PerryHallPerryHall Posts: 45,390 ✭✭✭✭✭
    edited June 17, 2022 7:43AM

    @Cougar1978 said:
    MS62 coins may be good hole fillers but for optimal investment grade I recommend MS64 and higher.

    Generally true but in some series there are coins where MS62 is a condition census coin.

    Worry is the interest you pay on a debt you may not owe.

  • RondorRondor Posts: 116 ✭✭✭

    I hate MS62's in the Morgan Series. Generally, I like an AU58 better. Then again, if the price jump is too great to 63 I am stuck.

  • cameonut2011cameonut2011 Posts: 10,061 ✭✭✭✭✭

    @Floridafacelifter said:
    This is one of my favorite coins!

    Absolutely lovely! Are the fields mirrored in hand? It’s hard to tell from the True View but it looks like it could have PL tendencies in hand if I am interpreting the images correctly.

  • PhilLynottPhilLynott Posts: 881 ✭✭✭✭✭

    If I see an MS62 that doesn't have plenty of contact marks I'm usually not interested in it. I learned the hard way in hand it will probably be a dead coin.

    A fully lustrous 62 with a lot of non distracting contact marks causing the grade can be a great coin.

  • cameonut2011cameonut2011 Posts: 10,061 ✭✭✭✭✭
    edited June 17, 2022 8:14AM

    @lkeigwin said:
    In the bust half dollar world MS62 is usually an attractive, desirable coin. Perhaps not as flashy as a higher grade. Or maybe there's a touch of cabinet friction. I have a couple dozen MS62 CBH's and I love each of them.
    Lance.

    When I saw this thread, I immediately thought of you and @drddm. Both of you have posted several gorgeous 62s in the past. I think when most hear “MS62” they think of a dipped out, baggy common date Morgan Dollar or the like. They don’t think of the nice antebellum stuff, especially from the early federal period.

  • FloridafacelifterFloridafacelifter Posts: 1,153 ✭✭✭✭✭

    @cameonut2011 said:

    @Floridafacelifter said:
    This is one of my favorite coins!

    Absolutely lovely! Are the fields mirrored in hand? It’s hard to tell from the True View but it looks like it could have PL tendencies in hand if I am interpreting the images correctly.

    Yes it does have that PL look in hand, and I think it deserves higher than a 62 as well! But I love it and don’t plan to play/try the regrade game- it’s perfect just the way it is!

  • cameonut2011cameonut2011 Posts: 10,061 ✭✭✭✭✭

    @Cougar1978 said:
    MS62 coins may be good hole fillers but for optimal investment grade I strongly recommend MS64 and higher.

    Select coins that are brilliant, wellstruck, and have super luster. Coins that don’t have pizzaz, darkly toned, spots, major marks, weakly struck for the grade just don’t cut it on the bourse.

    It depends on eye appeal. There are some ugly 62s out there to be sure, but there are also some attractive coins as well. It may take some searching depending on the series.

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