MS69 Question...

edsiajb

Today I FINALLY received my collectors club packet and I have a question regarding the "Free" MS69 SAE that was enclosed. There are a number of marks on the coin, specifically seven small gouges on the obverse and two scratches on the reverse. I am really surprised this would go 69...I would say 67 or 68 at best. Does PCGS just slab these as MS69 without actually grading them?

If so, I think that is a terrible policy. If not, they were WAY off on this one.

nwcs

I think so. Mine had a 2 point reed hit and a scratch. I just sent it back with my submissions and I got a new one that was much better.

earlwbollinger

I think they are more like sample slabs.
You'll note there is no serial number or type number associated with the slab/coin.
This you can't put it in the registry.

DesertRat

it would make a great toning exeriment coin. Set it on your window sill for a full year facing south

edsiajb

If this one is a 69 then I have a stack that would have to go MS70! I think I will send it back with my "Free" submissions.

edsiajb

If they are not actually grading these, and they are intended as more of a sample slab, then they should label them with "uncirculated" and not "MS69". So far, I am not very impressed with PCGS. It took them 18 days to simply mail a package and the SAE is overgraded. When I received a reply from them regarding the extraordinary length of time to mail a package, they said "we are behind because of the busy show schedule". Did they not know in advance that there were going to be coin shows?

FrattLaw

<< <i>So far, I am not very impressed with PCGS >>



Wow, that was quick. It usually takes a lot longer.

Michael

kieferscoins

<< <i>I think they are more like sample slabs. >>



Most sample slabs are not graded these days. Back in the mid 1990's PCGS did put a grade on the samples but they minimum graded it. Every sample was slabbed MS-64 (since that was the lowest grade coin in the roll) but most of them are really MS-65 and MS-66 quality.

Cameron Kiefer

edsiajb

Well at least now we know how they dispose of the 67 and 68 SAE's...they just slab 'em as 69's!