So whats more desirable and valuable, a MS60 or an 58+
partagas
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What would you rather have? I can see some people overpaying for the 58+ vs the 60. This may cause people to submit coins and hope for a downgrade but get a plus added?
If I say something in the woods, and my wife isn't around. Am I still wrong?
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I expect lots of activity on 60's so they can crack them and rub them into a 58+.
58+ will experience heavy demand.
<< <i>No you just rub a 60 lightly and it becomes 58+.
I expect lots of activity on 60's so they can crack them and rub them into a 58+. >>
Not necessarily in the market grading era. A baggy, unattractive 60 may go all the way down to at least 55 if a trace of rub is added to it.
Knowledge is the enemy of fear
<< <i>
<< <i>No you just rub a 60 lightly and it becomes 58+.
I expect lots of activity on 60's so they can crack them and rub them into a 58+. >>
Not necessarily in the market grading era. A baggy, unattractive 60 may go all the way down to at least 55 if a trace of rub is added to it. >>
Look at $10 Indian gold in MS60 holders for example... they IMHO would never make it into a AU58+ holder.
Lance.
<< <i>I dont think there will be any 58+. A coin either has rub or it doesnt. >>
True, but there are a fair number of "market graded" 61s and 62s which clearly have some rub -- if I can see it, I know the graders at PCGS who are far more skilled than I am can see it. It would seem to me that these would be the logical candidates for the 58+ grade. Though in reality the market might not like that because it may assume PCGS is "pricing" this coin as worth more than a 58 and less than a 60.
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
<< <i>I have always thought that AU-58's should have a secondary grade. Something like AU-58/65. A coin in AU-58 could be a beat-up MS-60 with a hint of rub, or a MS-66 with a hint of rub. >>
I agree, and often describe AU's that I sell with the grade I expect they would have received if the rub were not evident.
(Edited because of the Enter key...)
My only experience with an MS60 is also my first certified coin purchase. I bought an MS60 SVDB in an ANACS holder. Cost me $1100. I cracked it and put it in my Dansco where it lived for about a year. Then, after buying a nice NGC '14-d, I decided to go all PCGS with that set. I submitted the SVDB (ex ANACS MS60) to PCGS and it came back AU50. I also was able to sell it for ... $1100!!!
Empty Nest Collection
<< <i>So basically you all are making a case for AU58+'s will trade higher then the baggy 60's in most cases. I could a case where a coin with very low ms pops would trade higher from registry standpoints. >>
This is already true for many of the nicer 58s anyway (and even was before the Everyman sets); I'd imagine if anything it would be even more true for a 58+ coin.
An exception would likely be the condition rarities, such as the usual suspects in the Morgan series ('84-S, '92-S, '96-O, '01-P, et cetera).
I really like this train of thought.
i have never understood this line of thinking.
Since there are now 8 AU grades, we might as well have a continuous scale from AU50 to AU59.
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<< <i>58+ over a 60 every day of the week.
i have never understood this line of thinking. >>
More often the not, the 58 is just a nicer looking coin and the added eye appeal more than makes up for the slight rub. Again, if we're talking about an 1884-S Morgan, I take the MS-60 coin because of the condition rarity premium, but in general a nice 58 already sells for more than a 60 in many areas of collecting, so it's not like this is an unusual opinion.
Of course, your position is beneficial to you as it means you can buy 60s for less than 58+ money...
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
<< <i>Why not just add an AU59 grade instead?
Since there are now 8 AU grades, we might as well have a continuous scale from AU50 to AU59. >>
<< <i>You guys are getting way to analytical here. Anything between 58 and 62 take the coin with the most eye appeal. --jerry >>
I have to agree on this but with the caveat that I think most of the time the 58 is going to win.
<< <i>I have to agree on this but with the caveat that I think most of the time the 58 is going to win. >>
Of course, if it's an 1892-S Morgan, on the other hand, I'd take a doggy 62 over a nice 58 every time, assuming I was given a choice and wasn't paying retail for each.
<< <i>Of course, if it's an 1892-S Morgan, on the other hand, I'd take a doggy 62 over a nice 58 every time, assuming I was given a choice and wasn't paying retail for each. >>
Why?
I admit I don't collect Morgans, but I really don't understand this comment.
Frankly, It doesn't really make any difference. It depends on the THG, and what they charge. Personally, I don't caere for "slabbed coins, no matter what grade. i have been burned by THG, and will NEVE have one graded by them again! So my coins won'y "measure up in Prestigue, but they will be everty bit as good in grader as any og the plastic body bags, that are so expensive. Sour grapes? you bet!
Buy the plastic, but I will enjoy viewing my "raw' coins in theit flips. (and have a lot more coins to be seen, because the money was not 'blown' on plastic wraps.
Dick
Dick