AU58 vs. MS62
JoyofCollecting
Posts: 682 ✭
Just an observation: Seldom have I every seen an MS62 that is more appealing to me than the same date/mm in AU58. Yet, the AU58 seems to always have a lower asking price. This has led me to always either buy the coins I pursue in either AU58 or MS63/64.
I can see the justification for paying more for the MS 63/64 ...but I'd rather have an AU58 than the 60/61/62's that are floating around.
Is this just me? Is this just the series I collect (seated dimes)?
Any other opinions?
I can see the justification for paying more for the MS 63/64 ...but I'd rather have an AU58 than the 60/61/62's that are floating around.
Is this just me? Is this just the series I collect (seated dimes)?
Any other opinions?
Go well.
0
Comments
"Senorita HepKitty"
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AU58 is usually a 63 with ever so slight rub. IMO, that's more eye appealing than a totally dinged up, bag marked, lustre challenged 61.
Give me AU58 any day of the week. Most bang for your buck.
David
I agree with your observations, but until people care more for quality than numbers, MS will win... that means, more nice coins for us!
Jeremy
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We'll use our hands and hearts and if we must we'll use our heads.
On the other hand, I do own one or two real nice 62's. I find most of the nice 62's are for the most part, market graded 58s with the slightest of rub.
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Got back an AU58!
<< <i>I think an AU58 is often a better looking coin than a low grade mint state coin but it depends on the coin. After all, an otherwise MS65 coin with a little wear is an AU58 but so is an otherwise MS60 coin with a little wear. >>
AN MS60 with a rub is more like an AU50 or 53...
My greatest numismatic thrills these days are picking up beautiful, eye-appealling, slabbed 58's from dealers at shows not specializing in any of the seated series. They usually let them go at about the average of greysheet AU50 and MS60.
Are these great bargains? Probably not....from an economic standpoint. I don't think many of them would sell for much more than what you pay.
However, I believe they are great numismatic values for collectors.
<< <i>AN MS60 with a rub is more like an AU50 or 53... >>
I don't typically take contact marks into account when grading circulated coins. I grade AU's by amount of wear and amount of luster left. Of course, I take contact marks into account when deciding how much to pay for them.
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DPOTD 3
it magically turns into a 58.
Yall didnt know that?
I,m surprised that the price stucture isnt the same for 58-62 anyway. But NO!!! We gotta split hairs on
every single point or perceptions of some point.
I,d like to see a price structure that says the price is the same for these grade ranges : AU 58- MS62
MS63-65, MS 66-68, and 69-70.
Like NUTU=Nearly Uncirculated to Uncirculated , UN= Uncirculated, CH UN= Choice Uncirculated, GU= Gem Uncirculated
Or something like that.
I think you're right and I think many of the collectors from yesteryear used that kind of grading continueum (sp?). I can understand how really wealthy collectors (I mean spending at least six figures a year on coins) trying to build the very best set would want to split hairs between say 66 and 68.
But as your average collector spending high four to low five figures a year on coins and building nice sets, it's difficult to justify the multiple premium for an MS65 over an MS63. I think this leaves many avid collectors then buying the EF45, AU58, and MS63 areas.
I'm of course talking about the more expensive dates/MM not the more common stuff.
So I guess the small population of really wealthy collectors are the market makers for all the rest of the investors and dealers that hold the really high-grade, expensive stuff?
I find it to be an interesting dynamic. Especially since many investors would have a difficult time distinguishing a MS65 from an MS66 or a MS63 from an AU58 for that matter.
<< <i>AU58 seems to always have a lower asking price >>
that is probably because you are only looking at slabs, which encourage "generic pricing" so to speak. if you hang around collectors who ignore the slab & buy the coin, you will find that au-58, ie. a true "slider" frequently sells more than ms-60, 61 or even 62 or higher. the kind of collectors i'm referring to would be BHNC members, EACers, etc.
this is not to say that such collectors are "smarter" or anything like that. i am just observing that in my experience, i have often seen sliders sell for more than unc $. sometimes much more.
i think the real problem is that many coins w/ wea
K S
Based on the coins I have seen in 58 holders, I would have to agree that PCGS does this, as a majority of the 58 coins are nicer, eye-appealing and are minimally marked.
In the past year or so, I have been seeing stronger prices being paid for the AU-58 grades. However, there are some series like the Morgan dollars, the premium to Ms-60 jumps because the coins that are technically uncirculated are not readily available and down right tough to locate. One date in the morgan series that comes to mind is the 1895-o. This coin is always availble in Au and even right up to a slider, but in true Ms, its extremely tough and very expensive. 9,000.00 in Ms-60.
This is a coin where the Au-58 price can be tough to call. Is an Au-58 1895-o worth close to the ms-60 price? I would say no, becuase there readily available, and the Ms-60 price reflects the true scarcity of a MS coin. On the other hand would you rather have a 9000.00 Ms-60 or a Nice eye-appealing Au-58 for say 1500-2000 maybe less?
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Type collector since 1981
Current focus 1855 date type set
and it sets us apart from practitioners and consultants. Gregor
And if you look and are choosy, 62's can be pretty good value as well, compared to the higher grades. I've got an NGC 62 Morgan on my desk here at work that is an absolutely beautiful coin...I think the only reason it got a 62 is because you can see some roller marks on the cheek if you take a loupe to the coin. Nicer to the naked eye than most of the 63s I have.
I'm really big on strike in my eye appeal grading
Some MS62 favorites I've had in the past were Seated coins: an 1884 dime (NGC), and an 1877 quarter with pretty nice luster (PCGS). Also a couple of $2.50 Libs. I've had those in PCGS 62 and have been pleased with their flashy luster and lack of marks. (I wouldn't have been able to distinguish a 62 from a 65 without a glass, and there's something to be said for that- a lot of a coin's eye appeal is in that "first glance".) An MS62 coin with MS64-65 eye appeal packs a lot of bang for the buck! And yes, they are out there!