25% of ASE Reverse Proofs getting PR68

KoinDawg

I think PCGS is really pulling a fast one on collectors. We have to submit our 20th Anniversary coins UNOPENED so we have no way of knowing whether the coins inside are worthy of submittal for grading. I just looked at the stats for the Reverse Proof and 25% are graded PR68 (yikes) with only 7% graded PR70. So you have a 68% chance of it coming back PR69. We have to take that 1 out of 4 chance the coin inside won't even get a PR69. It's all a crap shoot anyway.

John91C

I sent in two opened sets and I do not even know how to look at a coin and grade it...took a crap shoot and one RP came back 69 the other a 70! I still don't know what to look for or what magnification I need.

John

Bochiman

I'm one of those that have received 68s as well as 70s (and, obviously, 69s).

Out of 21 coins sent in (seen and unseen combined), 2 of the unseen ones received and DESERVED MS/PR68. The other 5 (I had a 33% 68 return) did not, imho.
I compared them, with a 10x loupe, to the 70s and the 69s I had. They were equal to them.
They are back in for review, which I believe will be an expensive lesson for me, but which I am willing to pay to get HRH to state what makes those particular coins 68s.

I really want to take my MS69 2005 SAE that should be a MS67, imho, and show it to HRH or any of the PCGS graders/mgmt at the same time as the current MS68s I got.
Side by side, there is NO WAY I could get less than a MS69 on the 20th annv set ones.

John91C

Is MS-69 the highest for the Unc. Silver?

John

Goldbully

<< <i>I think PCGS is really pulling a fast one on collectors. We have to submit our 20th Anniversary coins UNOPENED so we have no way of knowing whether the coins inside are worthy of submittal for grading. I just looked at the stats for the Reverse Proof and 25% are graded PR68 (yikes) with only 7% graded PR70. So you have a 68% chance of it coming back PR69. We have to take that 1 out of 4 chance the coin inside won't even get a PR69. It's all a crap shoot anyway. >>





Funny, if you check PCGS's population totals for AGE RP's................you get the following.

PR69 - 865

PR70 - 919


Not sure if I'm reading it correctly, but that is what is posted.




"Babalouie. somebody's got some 'splainin' to do!"

clackamas

<< <i>Is MS-69 the highest for the Unc. Silver?

John >>



Yes, still not a single MS70. If that coin gets made it will sell for all the money.

Smitty79

It seem to me that the TPG's are handing out 70's like door prizes. I guess MS/PR70 isn't such a prestigious goal anymore. I'm glad I don't play the plastic game. I'm just thrilled when my mint order shows up complete and in one piece.

Bear

I warned that after the rash of 70 grades, PCGS would tighten

up.

Jcarney

<< <i>

<< <i>Is MS-69 the highest for the Unc. Silver?

John >>



Yes, still not a single MS70. If that coin gets made it will sell for all the money. >>



Current PCGS policy is not to slab ANY uncirculated SAE as MS70 due to the spotting problem. That is why there are no MS70s and there will be no MS70s.

Bochiman

<< <i>

<< <i>

<< <i>Is MS-69 the highest for the Unc. Silver?

John >>



Yes, still not a single MS70. If that coin gets made it will sell for all the money. >>



Current PCGS policy is not to slab ANY uncirculated SAE as MS70 due to the spotting problem. That is why there are no MS70s and there will be no MS70s. >>



Bingo! I had (and still have a couple) of MS69 that should be a 70 (NGC would have on these) and a few others that deserve 69 and not 70 so that wasn't a problem on them.
Definitely a coin where there is a difference between coins in the grade (highend 69 vs lowend 69)

options26

<< <i>I warned that after the rash of 70 grades, PCGS would tighten

up. >>



What are you talking about, the population has only increased 47% in 10 days for the PR70 Rev Pr........

Hmmmmm.....Never mind

53BKid

Bochiman, I got all your 68s. I didn't have such luck. 8 68s and 2 69s on my 10 reverse proofs. Well good for you anyway!

Actually in examining them, I have to admit that even one of the 69s should have gotten the 68 grade.

John91C

So I guess I did get lucky by sending in two sets with both BU's coming out 69 and RP 69 and one 70 and both PRDC69 (wish these were 70)

John

bigbadchad777

33% of my RP submissions got PR68.

itsnotjustme

70% of mine.

BTW, you can open your box, examine and submit RPs, and still get 20th Ann of the slab.

bumanchu

I have another group of ten sets being graded today, per PCGS phone call to me.

Yes it is rolling the dice, but my experience is that PCGS gets it right more often than any other grading service.

And that is why people will pay more for coins that they grade!

BigE

A large portion of these coins were high grade, maybe you guys are really needed as middlemen or just have keen sight--------------------------------------------------------BigE

Bear

For some reason, the percentage of 68s graded

seems to be increasing.

GAT

It's my opinion that it's a big mistake to send in large numbers of sets at once. To the devil with the anniversary labels. Smaller submissions seem to obtain better grades. I just had 5 RPs graded but plan for the rest to send no more then two complete sets at a time.

53BKid

Actually Bear, if you compare the percentages of First Strike ASEs against Non-First Strikes in PCGS's pop report this week, 68s appear to be given out less frequently on the latter.

First Strike
MS68.........34%
DCAM68......4%
RevPr68.....25%


Non First Strike
MS68.........23%
DCAM68......3%
RevPr68.....12%

RevProofs corrected.

Bear

How did you arrive at those statistics?

Goldbully

<< <i>

<< <i>Is MS-69 the highest for the Unc. Silver?

John >>



Yes, still not a single MS70. If that coin gets made it will sell for all the money. >>





An MS70 siting right here, folks...................................from the PCGS 'Shared Orders Page,"...shipped 12/21/06


For PCGS Members Only

Bear

The MS-70 is for a gold 50 dollar, AGE

not a dollar ASE.

ILikeMercs

that would be 25% of SUBMITTED reverse proofs..........

Goldbully

<< <i>The MS-70 is for a gold 50 dollar, AGE

not a dollar ASE. >>





Ooops, sorry guys.


More wisdom fro the Wise Old Bear.

Bear

I wish that is was a silver. I would like to see what

the price would sky rocket fo for a single 70 grade.

53BKid

ONETHREE

I was one of the first to send in my ASE for grading. Five sets. Four of the five reverse proofs were 68's. (Bear ate the only 69. Thanks again Bear.) I sent two back for a regrade because I couldn't see the problem. They came back pointing out small spots in the fields of the reverse proof. Not milk spotting as I understand it, but a light spot in the matte area of the field.

anoldgoat

<< <i>Actually Bear, if you compare the percentages of First Strike ASEs against Non-First Strikes in PCGS's pop report this week, 68s appear to be given out less frequently on the latter.

First Strike
MS68.........34%
DCAM68......4%
RevPr68.....25%


Non First Strike
MS68.........23%
DCAM68......3%
RevPr68.....12%

RevProofs corrected. >>



53BKid - I'm looking at the pop report, silver bullion, and don't see a listing for first strike. Where did you find this.

Thanks,
Mike

TorinoCobra71

<< <i>

<< <i>Is MS-69 the highest for the Unc. Silver?

John >>



Yes, still not a single MS70. If that coin gets made it will sell for all the money. >>



Clacy - PCGS will NOT grade an UNC SAE MS70 due to the milk spotting problem that could develop after the coin is slabbed.....



TorinoCobra71