The noose is back on Lincoln's neck

clackamas · October 29, 2003 8:48AM

Nonsense grades back today. Gimme MS67RD's (Easy date 55-S) all came back MS66RD. I have made quite a few 67's including some tough 50's P mints and all of these are MS67RD's. Honestly I was thought 2 coins had a real shot at MS68 and the reason I paid for the 7 day service was this chance. MS66RD on these 55-S's is an insult and shows me that there is no consistancy with PCGS grading, infact I think they have blinders on.

1 21389677 1955-S 1C USA MS66RD
1 21389678 1955-S 1C USA MS66RD
1 21389679 1955-S 1C USA MS66RD
1 21389680 1955-S 1C USA MS66RD
1 21389681 1955-S 1C USA MS66RD
1 21389682 1955-S 1C USA MS66RD

SeattleSlammer · October 29, 2003 8:52AM

Crack 'em and send 'em back!

...at least they're not maxed out, right?

MacCoin · October 29, 2003 9:41AM

$2.00 coins in $12.00 plasic.

LincolnCentMan · October 29, 2003 9:41AM

Yah man, I send a bunch of 53-P's into them. I got half as many 66's as I should have. It was enough for me to make a couple of bucks, though.... but no serious gravey. So I didnt worry about it too much.

I'm going to open a NGC account. Most of my stuff will be going to them now. I'm sure I'll send a few to PCGS too... here and there.

David

LincolnCentMan · October 29, 2003 9:54AM

Wanna sell the second best one?

David

Baley · October 29, 2003 10:09AM

Crack 'em and send 'em back!

yup, that's exactly what they want you to do!

"you are getting sleepy.... veeerrrry sleeeeeeepy..."

clackamas · October 29, 2003 10:21AM

>>$2.00 coins in $12.00 plasic.

I wish it would have been so cheap.

pow012000 · October 29, 2003 11:12AM

was it like $50 each for the grading on a 7 day??? that hurts. sorry man... i feel your pain...in face i think we at one time feel your pain.....DN

nucklehead · October 29, 2003 11:23AM

If the grade$ don't fit,re$ubmit.

anoldgoat · October 29, 2003 11:44AM

I don't see ever getting a coin slabbed by anyone else but anacs. It's real or it ain't and the picture tells the rest. Course any coins i have sell for under $200.

KAJ1 · October 29, 2003 2:45PM

Do you have any pics?

KAJ1 · October 29, 2003 2:47PM

Can I buy the 3rd best one??

clackamas · October 29, 2003 3:38PM

>>>Do you have any pics?

not yet. I asked for all of the coins to go for Presidential review. I want to see WHY they were graded as MS66RD's. Pres review takes some time, upto a month from what I hear. I will revive the thread when I get some pics to post.

>>Wanna sell the second best one?
>>Can I buy the 3rd best one??

I would rather crack them and stick them back in the rolls then sell them for 66 money -- about $2 right - sorry.

hoardmonster · October 29, 2003 6:25PM

Can I have the first best one?

STEWARTBLAYNUMIS · October 29, 2003 10:11PM

Clackamas

Are you collecting 1955 s Lincoln cents in ms 67? It doesn't really matter as the value in ms 66 is $15 and the value in ms 67 is$75.NGC made the mistake of grading an enormous amount of ms 67's and now their ms 67's are worth ???? $20 each
During a recent conversation with Andy Skrabalak of Angel Dees,he cracked out several PCGS ms 66's and they came back 64 and 65 from NGC.
My advice is to leave them alone in PCGS ms 66 holders and move on.

stewart

jonesy · October 29, 2003 11:37PM

Hosed!! I'd try again!!

mnmcoin · October 29, 2003 11:39PM

<< <i>If the grade$ don't fit,re$ubmit. >>

Now that is funny!

morris <><

jjroll · October 30, 2003 12:02AM

<< <i>Crack 'em and send 'em back! >>

->

<< <i>yup, that's exactly what they want you to do! >>

Sounds like a plan to boast the stock price. Grade low to cause resubmissions, ie improve bottom line....

jonesy · October 30, 2003 12:58AM

This ticks me off. I wonder who graded those.

Conder101 · October 30, 2003 2:43AM

Look at it this way, you leave them in the MS-66 holders for about 6 years. Four years from now PCGS makes another big chang in their holders again, then two years later you can sell them as being in "The OLD PCGS bue holders!! Widely known to be more conservatively graded than today, these are probably lock 67's!!!" and then sell them on eBay for $600 each.

Baley · October 30, 2003 3:54AM

NGC made the mistake of grading an enormous amount of ms 67's

sigh.... ok, let me ask a stupid question. What if the coins NGC graded ARE 67s?

How is giving coins the grade they merit a mistake? because it increases the pops?

conversely, is PCGS NOT giving coins the grades they merit NOT a mistake? seems like one.

Finally, what if these are in reality, common coins? What if there are ROLLS of these still out there?

didn't these 6 examples come from roll(s)? was it the last roll of 55s cents on earth?

what about the other 44 coins in the roll? any nice ones in there?

jacktheknife · October 30, 2003 4:20AM

I feel your pain. I just got a couple submissions back and the results were all over the board. I went home and looked at my later date (1950-1958) 7's. I can't believe many of the coins I sent in were not 7's, at least compared to others that I own. It really seems like a crap shoot. However PCGS has established itself as THE third party grading service. They should be commended. Unfortunately, for most people spending large sums of money, certification is highly recommended. So, if you want any liquidity to your collection your coins need to be certified. Thus, we are at the mercy of PCGS, with all of its inconsistencies.

jacktheknife · October 30, 2003 4:30AM

I forgot to mention in my previous post an idea I had for a little study. I thought it would be fun to cover the grades on some of my recent submissions as well as some of the coins I own and have people record their grades after looking at the coins. I think about 20 coins would be a good number. In order for there to be any validity it would need to be done with a high number of participants. Maybe I could rent a table at a big coin show, what do you think?

IrishMike · October 30, 2003 4:37AM

Could it be as simple as the fact that they have hired new graders and their standard is different?

clackamas · October 30, 2003 6:05AM

>>>Could it be as simple as the fact that they have hired new graders and their standard is different?

Certainly it could be. When did they hire new graders? Was this recently? I have noticed there seems to be 2 groups of graders. I have sent 2 submissions in at the same time and had different results with each one.

>>I thought it would be fun to cover the grades on some of my recent submissions as well as some of the coins I own and have people record their grades after looking at the coins. I think about 20 coins would be a good number. In order for there to be any validity it would need to be done with a high number of participants. Maybe I could rent a table at a big coin show, what do you think?

I like it. I would contribute a few coins for the grading challenge.

The noose is back on Lincoln's neck

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