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How many of us Do Not have a perfect coin?

Rob85635Rob85635 Posts: 1,230 ✭✭✭
As a modest collector of modest means I collect what I can when I can afford it. I have yet to acquire through submission or purchase a graded 70 coin in either MS or PR. I realize I could readily buy a SEGS slabbed something or another, but I am talking about a real 70. I would very much like to own a slabbed PCGS or NGC 70 of any denomination.

If you were to recommend an affordable high pop 70 coin what would you recommend? By affordable I mean any 70 coin that you think is a high enough pop (not gold) that can be had for as low a price as possible, denomination is not really a concern. I am of the mindset that 69 to 70 is so hard to tell that it is in a way a waste to pay a premium for something that "happens" to get that magical 70, having said that I would like to have one just to have one in my collection so I can say I have a "perfect" coin. image

I am thinking that it will be almost impossible to find an affordable 70 MS so I am guessing a PR example of something?? Also, how many of you also have no 70s in your collection?
Rob the Newbie
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Comments

  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭
    I have one single 70 in my collection - a proof 20th Anniversary First Strike SAE.

    I didn't get it by intention - simply a submission return on a box of 10 3 coin sets.

    In the series I really collect, XX70 coins are really not a part of the available population.I doubt if I will acquire any more intentionally.
  • RobbRobb Posts: 2,034
    Until I personally can spot the difference between a PCGS/NGC 69 or 70 I won't pay the 70 price tag. If I can not tell the difference between the two then I am just paying for the label at that point.
    imageRIP
  • habaracahabaraca Posts: 2,048 ✭✭✭✭✭
    All I collect is CBH's, with a few DBH's

    To me they are all perfect.

    If you are asking for a 70 in plastic, don't believe that exists.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,571 ✭✭✭✭✭
    There is only one of me. And in 54 years I've never met perfection.
  • dbldie55dbldie55 Posts: 7,741 ✭✭✭✭✭
    No plastic 70's now nor do I see any in my future.
    Collector and Researcher of Liberty Head Nickels. ANA LM-6053
  • rgCoinGuyrgCoinGuy Posts: 7,478
    I think I only have one 70 at the moment, and it is NGC. I believe they can be had for a fairly reasonable price now.

    image
    imageQuid pro quo. Yes or no?
  • notwilightnotwilight Posts: 12,864 ✭✭✭
    I have many 70s for sale in PCGS holders (stick with PCGS for top grade moderns, NGC is a good company for classics) for less than $200. I just ran out of lincoln commems but will have more. I"m not trying to spam the boards but want to point out that they are not that expensive in some coins. Just search for PCGS MS70 or PCGS PR70 on ebay. --Jerry
  • MillertimeMillertime Posts: 2,048 ✭✭
    The only 70 I have is a PCGS PR70DCAM 2005-S Silver Kennedy that I received as a gift from a forum member.

    Millertime

  • I don't have any 70s in my collection either and I don't lose any sleep over it. I agree that until I can see the difference between a 69 and a 70, I would just be paying for the label.
  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭
    Right now, I think you could pick up an MS70 First Strike™ Silver Eagle for 2007-W for less than a hundred bucks.

    2007-W
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,571 ✭✭✭✭✭
    P.S. I've submitted a few coins to PCGS that came back PR70. image

    However, that doesn't mean perfect. It means TOP of the heap.


  • << <i>As a modest collector of modest means I collect what I can when I can afford it. I have yet to acquire through submission or purchase a graded 70 coin in either MS or PR. I realize I could readily buy a SEGS slabbed something or another, but I am talking about a real 70. I would very much like to own a slabbed PCGS or NGC 70 of any denomination.
    >>



    This part really bugs me. What makes you think that a PCGS or NGC 70 is any better than any other 70?

    Seriously, grade the coin, not the holder, and just because PCGS or NGC says it's a 70 does not make it so.
  • LanLordLanLord Posts: 11,723 ✭✭✭✭✭
    Not a single graded 70 in my collection.

    I have perhaps one or two moderns from the mint that I cannot see a single issue with, would they be 70s? Perhaps, on the right day, when the wind blows in the right direction.

    The vast majority of my collection is pre 1839 so nothing close to 70.
  • cladkingcladking Posts: 28,723 ✭✭✭✭✭
    There's no such thing as a perfect coin.

    If you can't tell the difference between a 69 and a 70 (there is one) then
    it would seem the 69 is plenty close enough to perfection for you. Why
    spend money for a distinction you can't see?

    It might be more profitable to you as a collector to buy some raw coins
    and learn to spot the differences. It might prove profitable monetarily
    as well.
    tempus fugit extra philosophiam.
  • Rob85635Rob85635 Posts: 1,230 ✭✭✭


    << <i>I don't have any 70s in my collection either and I don't lose any sleep over it. I agree that until I can see the difference between a 69 and a 70, I would just be paying for the label. >>


    Again, not trying to debate the logic of it, I just want one and I was curious how many of us novice collectors actually had any.
    Rob the Newbie
  • Rob85635Rob85635 Posts: 1,230 ✭✭✭


    << <i>This part really bugs me. What makes you think that a PCGS or NGC 70 is any better than any other 70? >>


    I used PCGS and NGC because I consider them the most reputable and well know graders, thats all.


    << <i>Seriously, grade the coin, not the holder, and just because PCGS or NGC says it's a 70 does not make it so. >>


    I think you are reading to deep into my post. Many agree that just because PCGS or NGC says it's perfect doesn't necessarily make it so. I would say that they are the most well known third party graders. I have just always wanted a technically perfect coin just to have one and I was curious how many other "modest" collectors felt this way and how many have any. I am not trying to start any trouble, honest. I thought I was asking a legitimate question.
    Rob the Newbie
  • mgoodm3mgoodm3 Posts: 17,497 ✭✭✭
    I don't got one. I'd rather have a 69 for a fraction of the price.
    coinimaging.com/my photography articles Check out the new macro lens testing section
  • adamlaneusadamlaneus Posts: 6,969 ✭✭✭
    I would say that for your first '70'...the one you want just to have a '70'...keep it easy and cheap.

    If I had to have a 70, i'd go with a PCGS MS-70 "ASE" silver eagle of some sort. The problem with these is that some can develop milk spots and become non-70 in the slab. This is something to beware of when buying, as the number on the slab does not release you from the responsibility of examining the coin yourself. It's a good reason to keep it as cheap as possible, as '70' coins have been known to turn in the holder; they have nowhere to go but down in a sense.

    I don't think I know of a cheaper way to get a '70'. And, at 40mm, ASEs are large pretty coins, too.


    I don't think I have a '70' numerically graded coin myself. If I were to submit some of my mint stuff, perhaps I could get one? I like the mint packaging better than the number 70.

  • notwilightnotwilight Posts: 12,864 ✭✭✭


    << <i>I don't got one. I'd rather have a 69 for a fraction of the price. >>



    Those who collect 70s appreciate those who collect 69s because without buyers for 69s, 70s would be much more expensive. --Jerry
  • lathmachlathmach Posts: 4,720


    << <i>As a modest collector of modest means I collect what I can when I can afford it. I have yet to acquire through submission or purchase a graded 70 coin in either MS or PR. I realize I could readily buy a SEGS slabbed something or another, but I am talking about a real 70. I would very much like to own a slabbed PCGS or NGC 70 of any denomination............ Rob85635 >>




    Why are you slamming SEGS?

    Ray
  • Type2Type2 Posts: 13,985 ✭✭✭✭✭
    image


    Hoard the keys.
  • adamlaneusadamlaneus Posts: 6,969 ✭✭✭
    Do not confuse SEGS (the strongest holders in existence)...a decent company

    with REDACTED (litigious slab company)...my opinions are my own





  • << <i>

    << <i>This part really bugs me. What makes you think that a PCGS or NGC 70 is any better than any other 70? >>


    I used PCGS and NGC because I consider them the most reputable and well know graders, thats all.


    << <i>Seriously, grade the coin, not the holder, and just because PCGS or NGC says it's a 70 does not make it so. >>


    I think you are reading to deep into my post. Many agree that just because PCGS or NGC says it's perfect doesn't necessarily make it so. I would say that they are the most well known third party graders. I have just always wanted a technically perfect coin just to have one and I was curious how many other "modest" collectors felt this way and how many have any. I am not trying to start any trouble, honest. I thought I was asking a legitimate question. >>



    Your question is perfectly legitimate.

    My point is that you should be able to tell that a coin is "perfect" without having someone tell you that.

    In terms of "modest" collectors, it is very easy to get a "70" coin from PCGS or NGC. You could get one for a few hundred dollars from either service. Much less expensive to do that than to get a nice AU58 or higher grade Capped Bust Half.

    As for me, I don't have any "70" coins, but to me, almost all of the coins I own for my collection are "perfect".

  • fcfc Posts: 12,793 ✭✭✭
    no. i do not own any coins wrapped in plastic stating they are a 70.
  • CoxeCoxe Posts: 11,139
    I have a lot of coins and a number of registry sets. Oddly, only one of those PCGS registry sets is number 1 in its category, a modern PR70DCAM set. That set means the least of all to me however. They are the products of dies and designs used to make real coins, but I fail to regard them as real coins. No 70 is perfect but can be within a standard of tolerance. No real (ie - struck for commerce) coin is close to perfect.
    Select Rarities -- DMPLs and VAMs
    NSDR - Life Member
    SSDC - Life Member
    ANA - Pay As I Go Member
  • Rob85635Rob85635 Posts: 1,230 ✭✭✭


    << <i>Why are you slamming SEGS? >>



    Ack, you completely correct. It was not my intent to slam SEGS, I should have gone to Ebay and found the SGS that another poster mentioned. To SEGS and all their fine employees I apologize. I should have said I could obtain a 70 from a never heard of slabber rather than naming one.
    Rob the Newbie
  • dorkkarldorkkarl Posts: 12,691 ✭✭✭


    << <i>As a modest collector of modest means I collect what I can when I can afford it. I have yet to acquire through submission or purchase a graded 70 coin in either MS or PR. I realize I could readily buy a SEGS slabbed something or another, but I am talking about a real 70. I would very much like to own a slabbed PCGS or NGC 70 of any denomination.

    If you were to recommend an affordable high pop 70 coin what would you recommend? By affordable I mean any 70 coin that you think is a high enough pop (not gold) that can be had for as low a price as possible, denomination is not really a concern. I am of the mindset that 69 to 70 is so hard to tell that it is in a way a waste to pay a premium for something that "happens" to get that magical 70, having said that I would like to have one just to have one in my collection so I can say I have a "perfect" coin. image

    I am thinking that it will be almost impossible to find an affordable 70 MS so I am guessing a PR example of something?? Also, how many of you also have no 70s in your collection? >>

    save your $$$

    there simply is no such thing as a "perfect coin", & anything given a "70" is a bogus grade

    K S
  • None, nor do I plan to. I would like a true 70 proof dcam though, just to have one.
  • dorkkarldorkkarl Posts: 12,691 ✭✭✭


    << <i>

    << <i>I don't have any 70s in my collection either and I don't lose any sleep over it. I agree that until I can see the difference between a 69 and a 70, I would just be paying for the label. >>


    Again, not trying to debate the logic of it, I just want one and I was curious how many of us novice collectors actually had any. >>

    ok, to answer the question a different way, NOBODY owns a "perfect" coin. since they do'nt exist!

    but you said you really wanna label so my guess is you can find alot of stuff < $100 out there.

    K S
  • CoxeCoxe Posts: 11,139


    << <i>Do not confuse SEGS (the strongest holders in existence)...a decent company

    with SGS (steve's gift shop)...easy garbage 70s on eBay >>



    Be very careful disparaging any acronymic entity here, regradless of any obvious issues, unless you can prove assertions and, even so, are willing to endure a long and costly legal entanglement. We have folks on here who still have scars from a notorious one.
    Select Rarities -- DMPLs and VAMs
    NSDR - Life Member
    SSDC - Life Member
    ANA - Pay As I Go Member
  • <<ok, to answer the question a different way, NOBODY owns a "perfect" coin. since they do'nt exist!

    but you said you really wanna label so my guess is you can find alot of stuff < $100 out there.>>


    So no coin is perfect? At all ever? I agree a MS coin is probably never a true 70, but a proof I could see making the grade.

    SO if a coin is struck as is intended, and there is no flaw, its not perfect?
  • RedTigerRedTiger Posts: 5,608
    For the later date commems (post 2004), the percentage of 70s is often above 30% of the coins submitted, so the price premium might be small, especially in NGC or other holders.



  • BECOKABECOKA Posts: 16,961 ✭✭✭
    I have a few, some are no longer 70s due to spotting and some are.

    I have no intention of keeping them or collecting them since my focus is elsewhere at this time.
  • HalfStrikeHalfStrike Posts: 2,202 ✭✭✭
    I saw the bald eagle half dollar commemorative pcgs 70's going for under $50 if you want one off of Ebay.
  • dorkkarldorkkarl Posts: 12,691 ✭✭✭


    << <i><<ok, to answer the question a different way, NOBODY owns a "perfect" coin. since they do'nt exist!

    but you said you really wanna label so my guess is you can find alot of stuff < $100 out there.>>


    So no coin is perfect? At all ever? I agree a MS coin is probably never a true 70, but a proof I could see making the grade.

    SO if a coin is struck as is intended, and there is no flaw, its not perfect? >>

    i unconditionally guarantee that under a glass of useful power, you will find that NO 70 IS PERFECT, not even close, & that includes proof coins

    also, i would venture to say that no coin is truly "struck as intended", rather they are are struck "CLOSE ENOUGH to as intended"

    K S
  • CocoinutCocoinut Posts: 2,515 ✭✭✭✭✭
    If I have any coins that would qualify as 70's, they are raw. I find it difficult tojustify the premium for a difference that most cannot distinguish.

    Jim
    Countdown to completion of my Mercury Set: 1 coin. My growing Lincoln Set: Finally completed!
  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭


    << <i>Many agree that just because PCGS or NGC says it's perfect doesn't necessarily make it so. >>



    True with the minor exception that it makes it "MORE SO" than if I were to slab my own coins as MS/PR70's. Or worse yet, SGS or USCG or any other number of grading companies which dole out MS/PR70 coins because THEY THINK THE COIN is perfect.

    I am in no way slamming those other grading services but a PCGS MS/PR70 will fetch more money than its NGC counterpart and NGC will fetch WAY more money than the other grading service counterparts.

    That is a simple reality.

    Now the OP would like to have either an PCGS or NGC MS70 or PR70 and I see nothing wrong with that in today;s current environment.
    My opinion is that a Silver Eagle would probably be the cheapest route although I'm sure that there may be other inexpensive PR70 coins out there.

    Here's a 2001-S PCGS PR70 DCAM Jefferson Nickel for less than $100 with free shipping!
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • coinandcurrency242coinandcurrency242 Posts: 1,971 ✭✭✭✭
    I have a bald eagle one eyelash away from perfect!

    Positive BST as a seller: Namvet69, Lordmarcovan, Bigjpst, Soldi, mustanggt, CoinHoader, moursund, SufinxHi, al410, JWP

  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭
    Here's a 2008-S PCGS PR70 DCAM Silver Roosevelt dime for $89 with free shipping.
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭
    Do an eBay search on PR70DCAM and then sort by Price + Shipping: Lowest First.

    You'll find a ton of PCGS or NGC coins for very reasonable prices.
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • drei3reedrei3ree Posts: 3,430 ✭✭✭✭
    I am in no way slamming those other grading services but a PCGS MS/PR70 will fetch more money than its NGC counterpart and NGC will fetch WAY more money than the other grading service counterparts. That is a simple reality.

    image



    I have a few dozen PCGS 70's, and like them. Buy an ASE in PCGS 70 FS...jmo
  • I had one and sold it at Long Beach. A Salt Lkae $5 commen. Help onto for years and then after the warm glow of owning a perfect coin wore off, I sold it. The coins I collect don't come in 70 and that is the way I like it.
  • Anything that grades XX70 is too modern for my tastes. I don't have one in my collection, nor do I own a coin that exists in that grade.
    image
  • notwilightnotwilight Posts: 12,864 ✭✭✭


    << <i>

    << <i>As a modest collector of modest means I collect what I can when I can afford it. I have yet to acquire through submission or purchase a graded 70 coin in either MS or PR. I realize I could readily buy a SEGS slabbed something or another, but I am talking about a real 70. I would very much like to own a slabbed PCGS or NGC 70 of any denomination.

    If you were to recommend an affordable high pop 70 coin what would you recommend? By affordable I mean any 70 coin that you think is a high enough pop (not gold) that can be had for as low a price as possible, denomination is not really a concern. I am of the mindset that 69 to 70 is so hard to tell that it is in a way a waste to pay a premium for something that "happens" to get that magical 70, having said that I would like to have one just to have one in my collection so I can say I have a "perfect" coin. image

    I am thinking that it will be almost impossible to find an affordable 70 MS so I am guessing a PR example of something?? Also, how many of you also have no 70s in your collection? >>

    save your $$$

    there simply is no such thing as a "perfect coin", & anything given a "70" is a bogus grade

    K S >>



    Karl,
    Show me where the word "perfect" is used in the definition of a 70 grade? You'll only find 70 referred to as "perfect" by bashers and occasionally by dealers selling them. The latter is hype and I may have even been guilty of it myself a time or two. But I would never try to defend a 70 as perfect. PCGS defines it as no visible flaws under 5x. The other grading companies are not nearly so strict and I would not put much faith in their 70s. --Jerry
  • TreemanTreeman Posts: 419 ✭✭✭
    "Karl,
    Show me where the word "perfect" is used in the definition of a 70 grade? You'll only find 70 referred to as "perfect" by bashers and occasionally by dealers selling them. The latter is hype and I may have even been guilty of it myself a time or two. But I would never try to defend a 70 as perfect. PCGS defines it as no visible flaws under 5x. The other grading companies are not nearly so strict and I would not put much faith in their 70s. --Jerry "

    When a "grading scale" is used, should not the "Top" of the scale represent the ultimate? The grading services indeed use the "70" as a way to get more submissions. From the definition, it is certainly possible to have a "70" that is better than another "70", which is better than another "70",.......and on, and on.

    It usually makes people angry, but the fact is that there are coins graded "69", that are nicer than coins graded "70", and this is in both NGC and PCGS.

    In my humble opinion, I totally agree with Karl. The difference between "69" and "70" is EXTREMELY slight at best, non-existant at worst. I believe the whole "70" thing will fade away with time. It is a fabricated grade, created by the ego driven Modern Registry. Just my opinion, which isn't worth much...
  • GemineyeGemineye Posts: 5,374
    I have "70" PCGS coins....Does that count...image
    ......Larry........image
  • dorkkarldorkkarl Posts: 12,691 ✭✭✭


    << <i>Karl,
    Show me where the word "perfect" is used in the definition of a 70 grade? You'll only find 70 referred to as "perfect" by bashers and occasionally by dealers selling them. The latter is hype and I may have even been guilty of it myself a time or two. But I would never try to defend a 70 as perfect. PCGS defines it as no visible flaws under 5x. The other grading companies are not nearly so strict and I would not put much faith in their 70s. --Jerry >>

    would your own pcgs website suffice?

    here ya go, written in 1994 by admittedly 1 of my very least favorite authors

    couple choice quotes:



    << <i>How much is a perfect coin worth? The answer, like the coin, is only theoretical at this point, because the grade of 70 -- the badge of utter perfection -- has never been awarded to a pre-modern U.S. coin by either of the two leading coin- grading services, the Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation of America (NGC). >>





    << <i>Mark Salzberg, NGC's president, has said that in his opinion, 70 "is a theoretical grade." "No matter how amazing a particular coin might be, you would always have to allow for the chance that there might be a better piece," Salzberg said. >>



    K S
  • dorkkarldorkkarl Posts: 12,691 ✭✭✭


    << <i>Karl,
    Show me where the word "perfect" is used in the definition of a 70 grade? You'll only find 70 referred to as "perfect" by bashers and occasionally by dealers selling them. The latter is hype and I may have even been guilty of it myself a time or two. But I would never try to defend a 70 as perfect. PCGS defines it as no visible flaws under 5x. The other grading companies are not nearly so strict and I would not put much faith in their 70s. --Jerry >>

    would your own pcgs website suffice? >>

    here's more, again on your own pcgs website. gotta be the most infamous "ms-70" coin in history, in a pcgs slab

    K S
  • ShamikaShamika Posts: 18,785 ✭✭✭✭

    Such grades don't exist in the series that interest me.


    Buyer and seller of vintage coin boards!
  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭
    PR70 and MS70 are for modern coins and simply represent what the graders feel is the better representation of the coin from an "As struck, with full strike" perspective.

    However, the other grading standards DO refer to Minor and Miniscule IMPERFECTIONS leading one to believe that an MS70 or PR70 would be "without" minor or miniscule imPERFECTions!

    Ref:

    MS/PR-66 Few minor marks/hairlines not in focal areas, good strike
    MS/PR-67 Virtually as struck with minor imperfections, very well struck
    MS/PR-68 Virtually as struck with slight imperfections, slightest weakness of strike allowed
    MS/PR-69 Virtually as struck with minuscule imperfections, near full strike necessary

    Given the wording of the grading standards themselves, what other conslusion could be drawn for an MS/PR70 other than perfect?
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!

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