Just back from PCGS - Guess the grade - Grades Posted
clackamas
Posts: 5,615 ✭
Guess the grade of the 3 coins 2 just back from PCGS. Please note the die breaks which do not effect the grade. Coin1 rev also has a piece of lint in the holder and a die mark on the "N" and "T" that look like hits and are not.
People are beating coin #2 up that mark on his head is a die crack. He only has 2 marks on the entire OBV.
Coin1
Coin1 Obv
Coin1 Rev
Coin2
coin2 obv
Coin2 Rev
Coin3
Coin3 Obv
Coin3 Rev.
People are beating coin #2 up that mark on his head is a die crack. He only has 2 marks on the entire OBV.
Coin1
Coin1 Obv
Coin1 Rev
Coin2
coin2 obv
Coin2 Rev
Coin3
Coin3 Obv
Coin3 Rev.
0
Comments
#2 - 66RD
#3 - 66RD
Any image makes copper difficult, but that's my best shot.
Coins 1 and 2 are from the same die and are VLDS, which could affect grade. Die crack on head, lower lapel...die chip in lower left wheat lines, very soft reverse motto. Nice coins tho...very nice.
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Coppernicus
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Coin #2: MS67. If the mark on the head (not die crack) is a hit, then MS66.
Coin #3: MS65.
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*I could see either of the first two going 67. They have marks on the reverse, but the obverses seem very nice.
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The pictures per usual with my scans don't do the coins justice. The first coin is actually better struck than the pucture shows. The 3rd coin is from the Heritage archives on an MS 67RD that sold back in 2001. The first 2 was my reward for searching for great coins and getting the hell beat out of me of 18 coins most being equal and even better than the coins pictured I rcvd 14 MS66RD, 2 MS65's - one posted and an MS64. I expected the 64 but the obverse was the best of the bunch and the reverse had 2 HUGE spots. I wanted to see what they would net it out as.
Notice that these are "P" mint coins from the 50's and very little is any sign of die chatter. They are gorgeous and IMO better then the 67.
I got all of the grades right!
(Except I assigned them to the wrong coins)
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It was hard, Marc took a guess already knew the results and how bad I got beat up and still missed one.
I'll tell you if that's a 65 then I am sending in my entire set under the PCGS guarantee. Who needs to buy 67's with PCGS grading coins like this at 65? If anyone even remotely thinks that PCGS has become more real with Lincoln's guess again.
I have a couple theories.
The first is that the graders and/or Mr. hall are incensed that an MS67 1950's Lincoln could sell for hundreds if not a thousand dollars and therefor are now market grading the coins to what "they" believe the coins should "now" bring.
Hence an inferior coin in PCGS's opinion to the commensurate market price are graded lower. Coin #3 previously graded 67, should now be a 65. And if a coin were fantastic enough to command a $1000 in PCGS's eyes it would be an MS69 of yesteryear and a MS67 of today.
This would explain why my grading set of MS67 Lincoln's is just not cutting it today.
Theory #2 is that the PCGS graders are so busy that they don't actually look at the coins for more than a second and throw out a grade that they believe is close enough yet does not put the company at risk for having overgraded a coin. It is the duty of the submitter to be so upset that they either fork out some more cash to have the coins regraded, at which point the grader actually looks at the coin and either agrees that they actually made a mistake or confirms to themselves they were correct thereby reinforcing the 1 second grading practice. The submitter could also be so upset that they ask David Hall for an opinion, which to his credit he sometimes will and the grader gets a pat on the back for keeping up the PCGS tough grading reputation.
Theory #3 is that the graders hate grading flippin Lincoln cents, and are grading below the real grade to inflict over a period of time so much financial harm that the Lincoln dealers, collectors or whomever would collect such a worthless coin, such great harm that they stop sending in these annoying coins and send in some real coins with "real" value. If this is true us Lincoln submitters would be wise to throw in a nice Seated Proof with each lincoln submission.
sigh
I can't count how many times I have held recently graded 66's that were superior to 67's in my collection (1940 and 1950's). The 67's that are out there were graded years ago when PCGS would give a coin that grade. That being said......PCGS did grade 2 1954 PCGS MS67RD's recently. The submitter (large Lincoln dealer) had to submit the coins twice though. If the coins were 67RD's......then why is it....they weren't graded as 67RD's on the first submission??? He had submitted around a dozen coins originally. They were all given 66's....and then he sent a few back for regrade.
Years ago (maybe 4), I submitted a 1954 NGC MS66RD for crossover....and it crossed over with no problem. Recently.......I cherrypicked the nicest NGC coins I had.....and sent them in for crossover. None of them crossed over. Some of the coins were seriously PQ. I think PCGS has made a conscious decision not to make any low pop 67's. Not sure if they want to let those pops climb which would lower the value of the coins currently being held in top collections.
If that third pic is really a 67.........................forget it.
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