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I don't think I'd want an MS- or PR-70 coin.

I don't own any. My highest graded coins are 69's. I think I'd like to keep it that way.


First of all, the price jump seems ridiculous for such a small and, I think, debatable increase in quality.

Second(and probably more important to me), as a collector, I am an anal-retentive nit-picker. If I have a coin that's presented to me as essentially "perfect," believe me, I will stare at that coin until I find a flaw...and I will find one! Then I'll be annoyed at how much I paid for this supposedly perfect coin.


If I stick to 69 though, I can rationalize any minor flaw because it's not supposed to be perfect!




What do you think?


image

Comments

  • MyqqyMyqqy Posts: 9,777
    I absolutely agree with everything you said. Plus, if I owned a 70 coin, I would worry that somehow, someday, I would do something to damage the coin and ruin "perfection". That's the kind of thing that could devastate a man. Devastate I tell you........
    image
    My style is impetuous, my defense is impregnable !
  • I think you need therapy.
  • XpipedreamRXpipedreamR Posts: 8,059 ✭✭


    << <i>I think you need therapy. >>





    It hasn't helpedimage
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    common misconception: that MS or PR70 means "perfect" as in "flawless"

    70 does not mean "perfect", it means "as struck" or "as it left the dies" (it also implies "well struck" and "well preserved")

    even coins graded 70 will have flaws, under enough magnification and scrutiny.

    Liberty: Parent of Science & Industry

  • RussRuss Posts: 48,514 ✭✭✭
    The only way I'd ever own a PR70 is if I made it myself, and then it would be in my possession only long enough to sell it.

    Russ, NCNE
  • FatManFatMan Posts: 8,977


    << <i>The only way I'd ever own a PR70 is if I made it myself >>

    Exactly...Just like this one PCGS PR70DCAM, except I'm keeping it.
    image
  • rainbowroosierainbowroosie Posts: 4,874 ✭✭✭✭
    Russ -- you stole my exact words!!!!!!!!!!!!!!!!!!!image

    Unless it was a silver roosie 1946-64....image
    "You keep your 1804 dollar and 1822 half eagle -- give me rainbow roosies in MS68."
    rainbowroosie April 1, 2003
  • cladkingcladking Posts: 28,654 ✭✭✭✭✭
    There's no such thing as perfection but that won't stop me from seeking it.
    Tempus fugit.
  • I collect SLQ's almost exclusively, so the chance of me getting an MS70 is nonexistent.

    At some point, I need to start diversifying my collection, and would likely get into some gem grade coins. I have a few gem IHC's and Mercs, but nothing really to speak of.

    Wait a second, I do have a few PR69DCAM's. A couple SQ's, and, ahem, a couple SBA's. I kinda like SBA's because everyone else hates them.
    David
  • RegistryCoinRegistryCoin Posts: 5,117 ✭✭✭✭
    Generally, "to COMPLETELY enjoy the hobby" and drastically reduce, if not alleviate (almost) all the potential "worries" or "problems" within today's world of coin collecting and The Registry, is the only reason I collect only 70s now, but that's me. image
    ps. "why?/how?" you may ask...
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>Russ -- you stole my exact words!!!!!!!!!!!!!!!!!!!

    Unless it was a silver roosie 1946-64.... >>



    Actually, now that you mention it I would add "unless it's a 1964 to 1970 proof or sms Kennedy". Of course the odds aren't real good.

    Russ, NCNE
  • AuldFartteAuldFartte Posts: 4,597 ✭✭✭✭
    I agree with your rationale, Xpipe. It's the same reason I'll stick with 69's or 68's. Besides, I can't honestly tell the difference between 69 and 70.
    image

    My OmniCoin Collection
    My BankNoteBank Collection
    Tom, formerly in Albuquerque, NM.
  • fcloudfcloud Posts: 12,133 ✭✭✭✭
    I have a couple for comparison. 1964 dime, 2003 dime and AR quarter. I don't plan on any more, but you never know what will happen on a modern submission.

    President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay

  • I think you're making sense. I personally couldn't tell the difference between a 69 and a 70, so why pay the premium?

    Dan
  • I agreed when I didn't have one, now that I have a PCGS PR70DCAM Silver Flag series Tx quarter I disagree. But I think I am going to be agreeing again, because the allure is starting to fade. In other words, I don't know.


    Jerry
  • I have 10 PR70's and I'll keep them thank you.
  • FrattLawFrattLaw Posts: 3,290 ✭✭


    << <i>I don't think I'd want an MS- or PR-70 coin >>



    Just don't let Wondercoin hear you say that!!!

    imageimage

    Michael
  • I made a PR70DCAM Lincoln and quickly sold it on ebay as I would not risk keeping it.
    The money allowed me to buy coins more suited for my sets.
    Tony Harmer
    Web: www.tonyharmer.org
  • RegistryCoinRegistryCoin Posts: 5,117 ✭✭✭✭
    Tricks to (happily) owning 70s. First check the mintages. Decide, for yourself the future behavior of collectors of the one or more selected series. Look at the particular series, and compare it to another, and another, and another...
    Then check the pops, both in (68), 69 and 70, and the percentages of the total mintage graded of the subject grades, then make a comparative decision based on these variables, then, one would be off to a pretty good start... image

    Collecting 70s came to mind while I was thinking of Pat's "Braddick" collection of pocket pieces, and it dawned on me how "simple", not the collecting of,
    but how basic the thought of this type of collection is,
    in the sense that, most importantly, it requires nothing to deal with "gradeflation", changing grading standards, the influence from other grading services, crack-outs and re-grades. In other words, basically, there is no messing around with, or, maybe, even a thought of, grade changes or resubmissions...

    Then I realized that the complete opposite end of the scale, the pcgs 70s, provide some, or most, perhaps all the same benefits...
    ...and one also gets a really cool slabbed unc. coin! image

    ps. pcgs has "said" a lot of things, but Homerun's call of 1-2% 70s is pretty darn attractive, I mean, accurate, I mean attractive...
    Is it worth the "extra"?
    To me, in today's market, if selected carefully, there is absolutely no doubt (that it will be fun!). image

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