AU 58...The New En Vogue Grade?
OneCent
Posts: 3,561 ✭
I read a comment in another post that stated AU-58 was the new"en vogue" grade.
Does AU-58 now have some swagger. By and large, I like this grade. Has alot going for it.
The Poor Man's MS65...the gems for the unwashed masses.
I dig it!
What say you?
Does AU-58 now have some swagger. By and large, I like this grade. Has alot going for it.
The Poor Man's MS65...the gems for the unwashed masses.
I dig it!
What say you?
Collector of Early 20th Century U.S. Coinage.
ANA Member R-3147111
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Comments
People know that some AU58's are really mark-free Mint State coins with light wear. Gem-looking coins can be found in AU58 holders.
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They're some of the most eye pleasing coins around.
ugly 58's are just ugly
<< <i>I don't know why anybody would ever want an AU 58! >>
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<< <i>I used to think NGC had more marketing savy than PCGS, with their slabbing most any coin, multi-coin holders with most anything written on the insert, etc. But when PCGS made the PR-70/MS-70 coins the creme-de-la-creme of their registry sets... the demand and prices for the PR-70/MS-70 went through the roof... then along came the Everyman Sets... and the demand for the PR-70/MS-70 comparable in those sets PR-58/AU-58 grew. If you want to be #1 in the Everyman set, you have to find as many PR-58/AU-58 coins to be on top. MS coins will kill your set as will AU-53, AU-55, and below. >>
Everyman Sets definitely have added swag....
Collector of Early 20th Century U.S. Coinage.
ANA Member R-3147111
<< <i>I think they've become a bit too hyped. I agree they can be great looking and cost less than MS examples, but some people who think they're so "en vogue," charge an arm and a leg for them. I'm just as happy with a 45-55 if the eye appeal is there. >>
Some XF-45's are absolutely killers!
Collector of Early 20th Century U.S. Coinage.
ANA Member R-3147111
<< <i>I agree they can be great looking and cost less than MS examples, but some people who think they're so "en vogue," charge an arm and a leg for them. >>
I just picked up a no motto seated quarter and a with motto seated half in PCGS58, and had to pay close to MS60 Bid for them - I guess the original toning they sport made me get carried away
My WLH set the early years are mainly AU58- I love the grade but now the premiums that have to be paid for the grade are making me look elsewhere for the value.
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<< <i>You do not get AU58 coins for Au prices... But anymore you almost want a 58 vs a 60,61,62- Unless of course you are buying old gold- But a technical walker that is MS62 IMHO looks much less than a 58.
My WLH set the early years are mainly AU58- I love the grade but now the premiums that have to be paid for the grade are making me look elsewhere for the value. >>
I agree that AU58's seem much, much more appealing than a 60 -62 these days. Of course there are exceptions....but may of the 60-62s are just plain dog doo. 63 is where the game starts with MS coins. Rest assured that today there are not an insignificant number of 63's that if not but for eye appeal would be sitting in 58 holders/. Market grading.
Time for AU-59's? Bowers references them in his books.
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ANA Member R-3147111
Dwayne F. Sessom
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<< <i>Agreed! I've always liked AU 58s
They're some of the most eye pleasing coins around.
Agree with comments re a nice AU 58, even today, often has more eye appeal than a low end graded Unc.
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<< <i>I don't know why anybody would ever want an AU 58! >>
me either!
One of the reasons I started a type set in that grade a few years back was because of the unusual value for the eye appeal of the PQ coins in that grade. One of the reasons I liquidated it is because the market started noticing it and driving up the prices until the value for the best ones wasn't nearly as compelling to me. But yeah, I do like the grade when you can get a nice one for a considerable discount to what they would sell for if they didn't have a trace of rub.
<< <i>AU58's come in all levels of attractiveness
ugly 58's are just ugly >>
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<< <i>The "all there" AU-58 coins used to be a great bargain, but that cat is out of the bag, a lot like the "value" in buying 1-2 year old cars instead of a new one. Once enough people caught on to the value, it stopped being such a good value in many cases.
One of the reasons I started a type set in that grade a few years back was because of the unusual value for the eye appeal of the PQ coins in that grade. One of the reasons I liquidated it is because the market started noticing it and driving up the prices until the value for the best ones wasn't nearly as compelling to me. But yeah, I do like the grade when you can get a nice one for a considerable discount to what they would sell for if they didn't have a trace of rub. >>
I'm in the car business, and I'm actually a Pre-Owned Manager, some 1-2 year old cars are a tremendous value and some aren't, it depends on the car.
As far as AU58 goes, it's been my experience that an awful lot of AU58 coins that I see, and that I own, have MUCH better eye appeal than low grade MS coins, especially where a 60 is worth a LOT more than an AU coin (1884-S Morgan). In that case I'd rather pay $3,500-4k for a pretty 58 than $9k for a 61. 60-62s in Morgans tend to really look beat up, those coins with rub would be 55s at best IMO.
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<< <i>If AU58 in "en vogue" then is has everything to do with the Everyman's registry collections. PCGS has created the demand... >>
That's "helped" (to the extent one thinks a registry set invention changing the market is "helping"), but the cat was already getting out of the bag well before that registry concept was introduced. The Everyman sets may have accelerated the erosion of AU-58 as a "value grade", but that erosion was already well underway before it.