Grading Whimsey: Put into words a good definition of the MS-70 Grade.
Married2Coins
Posts: 583 ✭✭✭
I have been posting in the "Commercial Grading" discussion. Perfessional members say that a grade cannot be defined p[recisely enough to have a standard, I disagree, Let's start out with another easy grade, MS-70. I'd like to read what you think the characteristics of an MS-70 coin are (general, no particular coin type). Hopefully, I'll bet we can agree on this one. LOL, I'd lose.
Describe its luster, marks, and eye appeal. does the strike matter for an MS-70? What about tiny Mint-made imperfections. Everyone welcome especially grading seminar students/instructors, Professional graders and dealers and these members posting in that discussion:
@FlyingAl
@MarkFeld
@jmlanzaf
@Rexford
@CaptHenway
@Catbert
@1nsider3
@Goldfinger
@PerryHall
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Duplicate Thread!!!
Edit: Just kidding!
"But seek ye first the kingdom of God and His righteousness and all these things shall be added unto you" Matthew 6:33. Young fellow suffering from Bust Half fever.
BHNC #AN-10
JRCS #1606
This is one-fourth of your semester grade; due today.
Most people can't tell the difference between a 69 and a 70. But even if you can define 70 as "flawless" how does that help you with the other 40 grades?
MS or PR-70 = Perfect
There are no marks of spots of any kind. Furthermore the coin is perfectly struck. There are no weak spots in the design. For example a Jefferson Nickel without full steps cannot be an MS-70. This means that many coin design types do not exist in MS-70. Virtually no examples were perfectly stuck, and the few that were have since been damaged in a way that disqualifies them.
I have one PR-70 coin in my collection. I bought it to say that I have one, and it was not excessively expensive. I paid $35 for a $5 coin.
A chimera. Seven parts reality, 3 parts promotion.
Indecipherable from MS69
I am a newer collector (started April 2020), and I primarily focus on U.S. Half Cents and Type Coins. Early copper is my favorite.
One grade at a time. I started at the highest and lowest. Flawless is a good answer. And that means flawless, not with tiny strike through lint marks and not with only 5X or naked eyes.
Actually not. Read the large print in the title.
No imperfections found, even with a neutron microscope.
At one time the grade of MS70 was never used because it was a theoretical grade for a coin that is totally perfect which of course doesn't exist in the real world. Later, the slabbing companies changed the definition of MS70 to coins without any visible flaws under 5X magnification.
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
Oops! My bad😢
"But seek ye first the kingdom of God and His righteousness and all these things shall be added unto you" Matthew 6:33. Young fellow suffering from Bust Half fever.
BHNC #AN-10
JRCS #1606
I think 70 is the only grade of 60 or higher that lends itself to a workable written definition. But such a definition (like "perfect" or "flawless") would essentially render the grade useless in this industry. Because if the definition were to be honored, there wouldn't be nearly enough coins to make use of it.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I appreciate that you are postinhg with me and I think you just revealed to everyone one of the problems with grading.
The fact that MS-70 is the easiest grade to define (if we consider it's "as made" so strike is not involved) so that the coin is "perfect" or "flawless," then the number of coins that actually make that grade SHOULD HAVE NO BERING ON THAT GRADE at all! That way imperfect coins would not be called MS-70 to fill a demand. There is a rumor that dealers expext a certain number of MS-70 SE to come out of an unopened "Monsrer Box" when it is graded. I'd like to know what it is. I do know that I will not buy an MS-70 graded SE sight unseen for that reason.