Speaking of AU58 Coins. Here is another question.

Fairlaneman

Has anyone ever seen a totally Mint State coin that got down graded to AU58 just because of dark, splotchy or just plain lousy eye appeal ? If so did you agree with what the TPG thought the market would think of the coin ?

Ken

airplanenut

It would go to MS60ish... most people will agree that an AU58 is a nicer looking coin than an MS60... I know I'd rather have the AU58 (and might even pay more! )

fcloud

I saw an AU58 1916-D Mercury dime at a show that looked better than an MS63 I had seen earlier at the same show. The dealer with the AU58 was asking more money than the dealer with the 63. I could not see any rub on the coin, and the dealer felt it was undergraded. The AU58 coins do indeed in some cases sell for more coins grading higher. I have sent in a few mercury dimes that I though were MS only to come back with AU58 (one was a 1925). So, I don't know if splotchy does it, but I think some coins get a bad rap in AU 58 holders.

morgannut2

I had a couple of ugly toned AU-58 Morgans come back MS-62/3 after they were dipped. The "rub" was on the toning, not the coin. At 8 seconds a coin, graders can't be perfect.