Are MS62 Coins Unloved?

Catbert

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!

shish

I like this one.

BillJones

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

ShaunBC5

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.

Smudge

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

lermish

I'm not sure if they're unloved or not but I like them just fine, especially for smaller coins where it can be more difficult (with the naked eye)to see the wear/difference between a 63.

Fairlaneman

My 62's. Ilike them just fine.
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Ken

jmlanzaf

@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.

TurtleCat

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

erwindoc

Here is a great MS62 I own...

Aspie_Rocco

I love all three of my MS62

LJenkins11

I tend to stay in my favored XF realm but this one caught my eye...

Catbert

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

nwcoast

Sometimes one has a key, or semi key date and desires it to be graded from raw.
It may be debatable as to whether it grades somewhere between AU to low end MS. They come in as a 62 and that’s what you have. I have some of those in my collection. They may be unloved by collectors of higher end gem materials but for collectors on a budget-they fill a niche and some are actually pretty nice examples and I embrace them, others with distractions, not so much so. I have both. Here’s one of my nicer ones. PCGS MS-62 1928 Peace

alaura22

@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

cameonut2011

Here's one I previously owned. I bought it for the color.

BryceM

These days there are two major types of coins in MS62 holders. Baggy or lackluster MS coins and really, really nice AU coins. I don't like the schizophrenic thinking that goes along with this, but that's what it has become.

Here are some in my collection. None of these are particularly baggy, so it's something else keeping them from a higher grade:

TennesseeDave

I was expecting 63/64 PL when I sent this in many years ago.

TurtleCat

Here is one of my 62s…

Downtown1974

Here’s a couple of 62s that I like alot.

I bought this 62 at my local coin shop a while back at an amazing price.

JeffersonFrog

Maybe not classics, but I like the 62 grade.

crazyhounddog

My answer, absolutely not. I actually have several I have a lot of love for. Here’s two right now😃

OAKSTAR

ad4400

@cameonut2011 said:
Here's one I previously owned. I bought it for the color.

As the new owner, I 2nd that emotion

Broadstruck

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.

Floridafacelifter

This is one of my favorite coins!

alaura22

What's not to love about that coin
WOW

drddm

Here are a couple PCGS MS62’s

Dave

privatecoin

Mr_Spud

Here’s mine

humanssuck

i can live with my 62

Paradisefound

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 🥰

Elcontador

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.

nwcoast

Some great 62’s here!
Fun topic!

shish

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

rec78

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.

ricko

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

WilliamF

@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%

rokky

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

lkenefic

I think it depends on the series you're collecting... Nickels, Dimes and quarters all seem to be small enough that the contact hits don't seem to stand out as much. However, if you're collecting Morgan Dollars or $20 DE's, the "baggy" appearance is a bit more noticeable. When I re-started a Morgan Dollar date set I had this in mind... I tried to find coins that were either 58 Sliders or AU55 with fewer heavy contact marks. The "hits" are really apparent when you start looking at DMPL Morgans...

Here's my lone MS62 from my 7070... ricko approved?

ricko

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

coastaljerseyguy

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.

lkeigwin

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.

Cougar1978

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.

PerryHall

@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.

Rondor

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.

cameonut2011

@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.

PhilLynott

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.

cameonut2011

@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.

Floridafacelifter

@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!

cameonut2011

@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.