Opinion of the MS 62 grade
Yorkshireman
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I have read or heard somewhere that one should avoid coins in the MS 60-62 range. I am looking at what I think is an eye appealling bust half in 62. It does have a CAC sticker.
Yes, I know I should "buy the coin, not the holder." Despite that what is your opinion of the 62 grade in general? Will the market probably punish me for going above 58 but not reaching for 63?
I can't post a photo without alerting the seller and other potential buyers for the coin.
Yorkshireman,Obsessed collector of round, metallic pieces of history.Hunting for Latin American colonial portraits plus cool US & British coins.
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Just like any coin for the grade, there are some that are dogs and some that aren't. These are the 62s that I have. I don't think they look bad. If you like it, go for it.
NGC MS62* (Obverse has some cabinet rub on it)
MS62PL
It is true that you should buy the coin, not the holder. That being said, there can be coins that are quite nice in the MS62 grade, especially early U.S. Coinage if graded MS62 by PCGS. I have seen some early silver coinage graded by other services as MS62, that truly looked like AU50 to me.
Many open collar coins I have seen in MS 62 imo aren't unc. Especially Capped Bust Halves. If you want an Unc. Capped Bust Half, I would get at least an MS 63, and even then, have someone who knows more about the series than you give the coin his / her blessing first. Otherwise, I'd get an MS 64.
I did see a Classic Large Cent in MS 62 BN. The coin was an all there Unc., but I thought it didn't have enough eye appeal to buy it. If your potential purchase is a Draped Bust Half, that's an entirely different kettle of fish. Even then, I'd spring for an MS 63, but that's just me.
"Seu cabra da peste,
"Sou Mangueira......."
I have a lot of Dimes I like that are PCGS62. Buy the coin if you like it.
Nice Nickels!
I used to buy quite a few 62's and now they are all in 64 and 65 holders, I'm just saying. I do agree buy the coin if you like it.
I love the MS62 grade as long as the coin is Choice MS.
For what it's worth. I have a couple of absolutely beautiful coins graded 62. One of them they went waaaaay out on a limb and gave It a 62+! NGC graded these two coins of mine and they seriously missed the mark. Mistakes are made grading but this was a serious miss! I no longer use that grading company because they are not consistent. I guess my point is; Know your series and learn to grade on your feet. It makes all the difference in the world when it comes to this hobby. Read the ANA book and understand it. This will carry you along to a point. Then you need to handle graded coins and learn as you go.
As far as your question goes I would need high resolution images and even then it would be tough to judge the coin.
Happy hunting
I'll stick with my opinion and stay away from them. Too many other collectors don't like the grade when it comes time to part with it.
MS 62 means 'circulated Uncirculated' and it has meant that for a long time.
I disagree with this statement. There are a lot of nice 62's out there.
I've seen some really nice toned Morgans at the 62-63 level. Going for a premium of course... if you're into that kinda thing.
Insert witicism here. [ xxx ]
I agree with Dimeman .
The 62 grade is undesirable by most I've found. That leaves ample opportunity to cherry pick the nicer ones. Here is my best 62 example. I currently own 3 in this grade.
I'm a bit surprised to see that 1881 shield nickel above in an MS62 holder. It has a lot of characteristics of a proof coin. Might have to see the luster in person I guess.
http://www.shieldnickels.net
Here is another. The pic kinda sucks but you get the point. It's technically a 62 but has a 63 look to it.
I've seen some incredible looking gold and copper coins in MS62 holders. Did my best to try and own them, but was way short of the asking price.
MS62 1812 $5 gold
MS62 RD 1806 half cent (had the appeal of a 63/64 coin) - a few spots
MS61 1894-0 dollar PCI graded (MS62 all day long)...and a real unc with full luster, decent strike, and nice appeal
It's probably true that any decent looking 62 today is on it's way to a 63/64 holder someday.
Completely depends on the coin and the series
Latin American Collection
I am more than happy with this 62.........
And even this 61.......
And this 62 is a keeper even if it did not CAC - one for ricko
MS62 Morgans, Walkers, and Peace dollars are usually dogs. MS62 Seated dollars can be sweet! I'll take all your MS62 Chain cents and Small Eagle gold if you don't want them. Just depends on the series and the coin.
Wish I had a few!
Amazing coins. I have seen plenty of coins in 62 holders that are nowhere close.
Can I ask if you've owned those for a long while or are they recent acquisitions? With all the talk here about whether grading is in a state of crisis, it would be nice for a noob to know you found those recently...
There are some good looking 62 grades and some ugly 62 grades. I think it is case by case. I have always seen some good looking 62s!
Depends on the price. To me, if it's got 62 eye appeal, that's what I'll pay for it...even if it's in a 58 holder.
There are nice MS62 Morgans too! (and I'm not going to cheat and post the two that I own which are undergraded).
This is a fairly graded coin. Still loads of eye appeal.
BTW, @spacehayduke, that 1831 dime is spectacular!
WOW, I have seen 67 Morgans that didn't look this good!!
Look at my MS62
I have tried to bring out color+lustur at the same time, keep the coin well lit also. Its a little tricky.
Numismatics & Photography
rv@ravenumismatics.com
Instagram.com/coin2photo
Nothing finer has been graded for th type so I guess I'm stuck with a lowly 62
Latin American Collection
Buy the coin ... and the price. Don't bury yourself in anything.
I have a 17S rev walker that had been in an OGH 63, cracked for a Dansco, then later when I resubmitted it ~10+ years ago, (with the original label), it came back 62.....I thought it had an outside shot at 64!
Are you buying coins or grades? Seems everyone is so grade focused these days, they forget it is about the coin. Sure, if you are a dealer, you need to satisfy the market - and if the market demands grades (opinions), then that is what you must procure/sell. Collectors do not have that restriction. Cheers, RickO
Trader -
Acquisition dates -
1834 qtr P62 - 2016
1838 qtr P61 - 2016
1831 dime P62 - 2011
Acquisitions were made on the bourse, through a dealer website, and a major auction houses auction. The key is constantly looking and being patient. I paid alot of tuition to learn those two rules.
Best, SH
I can only speak for myself - I am buying the coin, my collection ranges from G6 to MS65 - I just happen to have some 62's that appealed to me. Some areas of interest I have restricted grade ranges that I try not to deviate from, but sometimes do if the coin IMO is nice enough.
Best, SH
The MS-62 grade is often the best grade I can afford, and many times the best grade available for many of the items that I collect. It is the “luxury grade” above AU for me in some cases.
As others have said, there are good coins and dogs in every grade and MS-62 is no exception. Others have also commented that many MS-62 coins are “super sliders” (high end AUs) and therefore something to be avoided. Over the years I’ve come to the conclusion that a slight rub is only one more defect that has become somewhat overrated when comes to grading. To me excessive bag marks, spots and most especially active corrosion spots and unstable toning are just as bad as the slight rub or in the case of unstable surfaces, worse to far worse.
To me eye appeal is the key to the MS-62 grade. If the coin is really attractive, it is worth considering, even if there is a slight rub that is hardly detectable. Heck, I’ve got MS-63 and 64 graded coins with the slight rub if you look at them with a 10 power glass.
The biggest negative to the MS-62 grade was that the price guides did not include in their quotes, and the value of these pieces was somewhere in “never-never land.” That has been changing in recent years, most especially because of auction results, “Coin Facts” and some area of the Gray Sheet.
Here are a couple of MS-62 coins that I like.
I bought this 1836 quarter eagle from Catherine Bullowa for my birthday in 1970 when I was in undergraduate school. She called it an AU, but said that it might really be Unc. It has weak centeres because the die was broken.
And this is my most valuable coin. This used to be in an NGC MS-61 holder. It does not matter that much. It has good eye appeal, and for the price paid at auction (for once) a fair value in my opinion. At this price level, the "yahoo bidders" tend to sober up, and the adults have a chance to apply their expertise.
And finally this which has lots of luster and nice look.
Here's a 62 from ATS that put me into shock.
All 62 Morgans are dogs? Not! ATS overgrades? Well, my coin, but would say NOT!
As was said, buy the coin, not the slab.
Well, just Love coins, period.
That is a very nice 1895-S Dollar. Dipped, maybe a time or two too much, may have been why they called it MS-62, but I like that one better than an MS-63 graded piece I handled when I was dealer.
@BillJones ....Those are very nice gold coins... You have an amazing collection... Cheers, RickO
HOLY SMOKES @BillJones NICE
Insert witicism here. [ xxx ]
I'll take a good MS 61/62 any day of the week!
I like a nice MS62, they can be a good value.
Collector, occasional seller
My 62 Morgan looks nicer than some higher graded morgans...
Numismatics & Photography
rv@ravenumismatics.com
Instagram.com/coin2photo
@BillJones amazing!
Numismatics & Photography
rv@ravenumismatics.com
Instagram.com/coin2photo
These are MS62s and I have about $200 into both of them. The 1915 has hairlines, I'm not sure what warrants the grade on the 1916. Plenty of nice buffs in 62 holders.
If you buy high end ones you won't go far wrong, many could upgrade like this one a dealer showed me the other day:
I had to go back 4 times to take another look at that 1813 $5. Outstanding color!
MS 62 is average UNC. I recommend coins MS 64 and above. MS65 or higher preferred.
Switch to what u can afford in investment grade (MS 64 and higher).
I have a couple of 62s that I fancy and even a junky 61.
Seated Dollar Collection
Indeed some 62s are very nice:
My YouTube Channel
I just won an 1916 pcgs ms62 buffalo nickel on eBay. monster toned and hard to believe it is only an ms62!
you have to look at the coin, another example i have a 1914 matte proof-62 in an ngc holder. for all the world it
looks like a proof-64! you gotta look at the coin and not just the grade. Below grades of ms62 you will see a coin that is not
that attractive. Here is the toned 1916 buff i got, a real monster
a.k.a "The BUFFINATOR"