AU58+ grades and demand…

AlanSki

I know some AU58+ go for moon money in certain series, but what about less collected series such as Memorial cents? Considering there are only 3, is the demand that great for them?

lilolme

Part of the demand for the AU58 and 58+ comes from the Everyman set(s) where AU 58/58+ is the highest grade allowed. No mint state. I do not see an Everyman set for Lincoln Memorial. So this could impact the demand.

https://www.pcgs.com/setregistry/everyman-collections/everyman-half-cents/241

2windy2fish

Clearly they are very rare….An interesting post…
i don’t care to buy one but somehow would LOVE to submit and own one!

291fifth

A grade that exists only to separate a collector from his money.

MFeld

@291fifth said:
A grade that exists only to separate a collector from his money.

The “only” part isn’t necessarily accurate, as often, that money goes into the pocket of another collector.

Edited to add: There are also countless coins, whose prices/values increase as much or more (than in the case of 58+'s) due to various whole (or other plus) grades.

pcgscacgold

I bought this one for very little above 58CAC and do not have an Everyman set. I bought it for the quality of the coin and enjoy the look of it.

AlanSki

I bought this in a $7 shoreline album on eBay. This is the coin in question on my original post.

The coin has the grade + the color going for it if color is your thing.

Catbert

Calling @golden

golden

Like the old country song, I was collecting 58+ coins when it wasn't cool!

justindan

https://coins.ha.com/itm/morgan-dollars/1903-s-1-au58-pcgs/a/1342-3690.s

This 1903 S Morgan 58+ sold for quite a bit in Feb. this year.

golden

I cannot see any demand for 58+ Lincoln Memorial Cents since there is no Everyman Registry Set for them.

jmlanzaf

Part of the 58 fetish is the registry sets. However, some of it is the old urban legend that "a 58 is a 65 with a rub". For classic period coins, a 58+ could well look better than a 65 and for less money. But most Memorial cents, with only a couple exceptions, are plentiful and affordable in 65. In either case, 58 is not going to be a high demand grade in that series.

ShaunBC5

I’m not so up to speed on Lincoln Memorial Cents, but are there any that aren’t just spenders in 58+ (lacking some additional attribute)?

jmlanzaf

@ShaunBC5 said:
I’m not so up to speed on Lincoln Memorial Cents, but are there any that aren’t just spenders in 58+ (lacking some additional attribute)?

72/72. Lol. 69/69.

I can't think of any straight date.

dbldie55

The everyman type set includes a Memorial cent. The last 2 1944-S AU58 Jefferson nickels have sold for over $100 each (not AU58+, only AU58). Still have not figured that one out yet.

Most AU58+ Liberty Nickels have sold for MS65 money (or more).

pcgscacgold

I didn't realize my collecting AU58 Classic Head gold equates to a fetish. I don't even have a registry set for these lady's. Now that I think about it, maybe it is a fetish

Broadstruck

I have yet to see a single AU58+ graded coin that I felt bettered AU58's and even some AU55's graded 25+ years prior to such was adopted by the grading services. Grading itself is subjective, but for the + grading to really be meaningful all services would have to recall 30+ years' worth of previously graded coins for regrade.

jesbroken

Many copper coins in AU58(+) are more attractive than many of the lower MS graded coins. I would prefer an AU58 than some MS64's for looks alone. Might add to their popularity along with the everyman's collections.
Jim

SanctionII

How much would this newly graded AU58 1935 S quarter likely go for today?

jerseycat101

I managed to make this 58+

No concrete idea of its worth.

Catbert

If we can get dear @lkeigwin to share his awesome new piece!

jmlanzaf

@pcgscacgold said:
I didn't realize my collecting AU58 Classic Head gold equates to a fetish. I don't even have a registry set for these lady's. Now that I think about it, maybe it is a fetish

Lol. No offense intended. But we do see 58s bring 63 money. I don't know what else to call it.

jmlanzaf

@jesbroken said:
Many copper coins in AU58(+) are more attractive than many of the lower MS graded coins. I would prefer an AU58 than some MS64's for looks alone. Might add to their popularity along with the everyman's collections.
Jim

Yes. But most Memorial cents are cheap in 66 or 67.

ElmerFusterpuck

After all these years I still have a pop 1 58+ for the 1816 large cent. Woohoo! And yes, this is one I made.

jesbroken

I wouldn't think many Memorial cents were selling in AU58 or + at all. Maybe this is why they are asking such high prices.
Jim

lkeigwin

58+ seems tougher in some series than others. I can only speak for capped bust halves. Just 3% of AU58's earn the + designation.

I've given up trying to understand what PCGS likes. I won't buy what I don't like. So I've settled into a second place spot I'm comfortable with.
Lance.

Wahoo554

@pcgscacgold said:
I bought this one for very little above 58CAC and do not have an Everyman set. I bought it for the quality of the coin and enjoy the look of it.

I love that coin. Great buy.

bud221

My 58+ Pop 2

Mr_Spud

58 and 58+ are my favorite grades. I’ve been buying 58 type set coins since before Everyman sets existed, but I don’t remember even seeing any 58+ coins until more recently. As for modern 1964 and later coins, I never sought 58 and 58+ coins until recently when I wanted to take a break from chasing after expensive 19th century coins. I was expecting to find a bunch of them for cheap from peoples “mistake” coins. By mistake I mean where people think they have a high grade MS coin but the graders notice some “rub”. But instead I’m mainly finding modern 58 ones that either don’t look good or that look ok but people are asking moon money for and I’m not finding any 58+ grades.

I’ve considered trying to submit my own, just so that I will have coins that match my older coins in my circulated type sets, but I’m worried they will end up coming back as low MS grades instead. I’m not a big fan of having MS grades mixed in with Circulated grades in Type sets. In fact, the majority of the MS slabbed coins I own are ones I submitted myself as raw coins and I’m probably going to end up selling them so I can use the money to buy the rest of the 19th century coins I still need to complete my type sets. To me there is something special about coins that actually circulated as real coins and somehow still look great and I’m drawn to them more than coins that were set aside and never used. Same with proof coins, they aren’t real coins to me. I still like and appreciate high grade MS and PF coins, but not as much as coins that actually circulated. It’s a little bit hard to explain, but I actually find myself liking the imperfections on my circulated coins that aren’t noticed when you first look at them and I seek out ones that have great first impression eye appeal but when you look at them more closely they have imperfections that are somewhat camouflaged.

As for 58 versus 58+, I like the 58+ coins I have because they tend to look really nice and not mediocre looking like some of the 58s look, but I also have many 58s that look just as good as my 58+ coins do. I like my 58s that look as good as my 58+ ones and I don’t feel any any need to try and resubmit them to try for a + grade. Here are my 58+ coins

And here are a few examples of my 58 coins that I think look just as good as my 58+ ones do

pcgscacgold

One coin I wish I had kept was a population one (for many years) 1945D Walker in PCGS 58+. I see as of today there are 2 so the pop doubled. That is the fun about very common coins and pops.

AlanSki

@jmlanzaf said:

@ShaunBC5 said:
I’m not so up to speed on Lincoln Memorial Cents, but are there any that aren’t just spenders in 58+ (lacking some additional attribute)?

72/72. Lol. 69/69.

I can't think of any straight date.

I’ve sold toned straight graded memorials, common dates, well over $200.

AlanSki

Another common date, uncommon color. I’ve been offered above $150 but figured I’d rather put it in a registry of BN proofs I’m working on.

Cuprinkor

Can one get an AU58+ on the first try with a raw coin? Or does it have to be resubmitted? Are the frontline graders allowed to make this determination?

AlanSki

@Cuprinkor said:
Can one get an AU58+ on the first try with a raw coin? Or does it have to be resubmitted? Are the frontline graders allowed to make this determination?

I submitted mine raw and came back 58+ first attempt.

lkeigwin

@Mr_Spud said:
I’ve considered trying to submit my own, just so that I will have coins that match my older coins in my circulated type sets, but I’m worried they will end up coming back as low MS grades instead. I’m not a big fan of having MS grades mixed in with Circulated grades in Type sets.

You can use the reconsideration "plus-only" service to try upgrading to 58+ without the risk of low MS grades. But it can be very frustrating. PCGS seems all over the map about 58+'s.
Lance.

Aotearoa

@291fifth said:
A grade that exists only to separate a collector from his money.

I don’t get it. Can you please clarify?

ricko

I do like old gold in AU58.... Makes we wonder about what was purchased with them and who had them. Cheers, RickO

291fifth

@Aotearoa said:

@291fifth said:
A grade that exists only to separate a collector from his money.

I don’t get it. Can you please clarify?

The never ending adding of new grades is all about money, not collecting. The plus grades are an example of this.

Aotearoa

@291fifth said:

@Aotearoa said:

@291fifth said:
A grade that exists only to separate a collector from his money.

I don’t get it. Can you please clarify?

The never ending adding of new grades is all about money, not collecting. The plus grades are an example of this.

Oh. So your concern is not specifically with the 58+ grade but with plus grades, in general. I still don’t understand your point but I’ll stop.

Broadstruck

@Aotearoa said:

@291fifth said:

@Aotearoa said:

@291fifth said:
A grade that exists only to separate a collector from his money.

I don’t get it. Can you please clarify?

The never ending adding of new grades is all about money, not collecting. The plus grades are an example of this.

Oh. So your concern is not specifically with the 58+ grade but with plus grades, in general. I still don’t understand your point but I’ll stop.

Prior to + grading and gold CAC stickers collectors would pay huge premiums to own coins with NGC Stars.

gschwernk

When I was building my Everyman type set it was very difficult finding a 1c 1943 steel cent in AU58 forget about a 58+. I fould the gold coins in Au58+ sold for more than the low mint state grade and were difficult to locate,

Dreamcrusher

When I teach Market Grading in my grading class, I teach that there are 4 variables that will determine a grade:
1. Luster
2. Strength of Strike
3. Detractors (marks including severity & location)
4. Eye Appeal
I teach that 1+2+3=4
An AU 58 has much better eye appeal than an MS 60-62 with just a small amount of wear.
In an article Bill Fivaz wrote about "Good in Every Grade", he said that there are basically three levels in each grade:
1. A coin that just makes the grade
2. A coin that represents exactly what that grade should look like
3. A coin that almost is good enough to go to the next grade.
I personally believe the above concept makes the use of a "+" seem silly.

asheland

@pcgscacgold said:
I bought this one for very little above 58CAC and do not have an Everyman set. I bought it for the quality of the coin and enjoy the look of it.

Spectacular coin!