25% of ASE Reverse Proofs getting PR68

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.

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Comments
John
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.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
John
<< <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!"
<< <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.
Ask me no questions, I'll tell you no lies.
up.
Camelot
<< <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.
My icon IS my coin. It is a gem 1949 FBL Franklin.
<< <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)
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <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
Actually in examining them, I have to admit that even one of the 69s should have gotten the 68 grade.
John
BTW, you can open your box, examine and submit RPs, and still get 20th Ann of the slab.
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!
seems to be increasing.
Camelot
First Strike
MS68.........34%
DCAM68......4%
RevPr68.....25%
Non First Strike
MS68.........23%
DCAM68......3%
RevPr68.....12%
RevProofs corrected.
Camelot
<< <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
not a dollar ASE.
Camelot
<< <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.
the price would sky rocket fo for a single 70 grade.
Camelot
Proud Participant in Operation "Stone Holey" August 7, 2008
<< <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
W.C. Fields
<< <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