Modern PR70DCAMs and PR69DCAMs - how many are there?

relayer

David Hall recently said between 0.5% and 2.0% of modern proofs should be 70DCAMs. OK, that sounds reasonable.

But how many should be 69s?

gmarguli

Since they are made with such high quality, I'd personally like to see the grading on them tighten so that only a small percentage of them grade PR69, but that will never happen.

As for what percentage PCGS would grade PR69, probably 65-75%. That's taking into account that PCGS grades about 1% as PR67, 5% of the coins they see as PR68 and 93% as PR69.

Dimetime

I'm sending in a boatload of proofs that I've held back on. Hoping for PR70's. We'll see if the system is pro 70 now. By the way, I wouldn't part with them if I get them.

segoja

Does it really matter if they are prof 69 or proof 70????

Please point out the difference to me, other than the dealer who submits them.

Every Proof 70 I've handled looked like #$%^. They have all had problems. My Proof 68DCAM's all look better. Covered up I would pay big bucks for those graders who would grade the coins correctly timew after time.

I'll sell every proof 70 I ever get my hands on until they start bringing what they are really worth... a few bucks over proof 69...which are worth only a few bucks above proof 68. Any coins grade Proof 68 or MS68 should be virtually unimprovable, particularly in proof.

If and when PCGS goes bust (I hope they don't, but want to think in the long term), these big bucks coins are going to fall faster than the NASDAQ did.

coinrookie

I would say about 65% in pr69. I too would like to see them tighten the grading in 69. Not a problem with the deep cameo designation but a lot of these just have too many obvious marks to grade numerically that high. IMHO. I feel that especially the Ikes are graded too loosely. Not an Ike hater either. They happen to be my favorite proof coin.

chiefbob

I just got my first PR70! A 1996 ASE. Wayne Herndon said the pop report has only 1, so this will be the second.

My interests lie more towards classic coins, so I will probably put it on eBay and buy something in the classic realm with the proceeds.

I voted 80% on the poll. I recently returned 2 West Pointers to the mint. One was MS and the other was proof. Each had either smudges, ticks, or small scratches or both. It was the first time I ever did this, but they paid the shipping back and I got my replacements within 2 weeks by Fedex! One would think modern proof coins should be flawless, but just read the complaints regarding quality control at the mints and a different picture emerges.

Bob

edited to remove the HTML stuff - I tried to copy and paste my PCGS submissions and the post was a mile long