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Opinion of the MS 62 grade

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  • YorkshiremanYorkshireman Posts: 4,583 ✭✭✭✭✭
    edited July 19, 2017 11:46AM

    @Cougar1978 said:

    Switch to what u can afford in investment grade (MS 64 and higher).

    Please comment on this statement.

    Yorkshireman,Obsessed collector of round, metallic pieces of history.Hunting for Latin American colonial portraits plus cool US & British coins.
  • BillJonesBillJones Posts: 34,213 ✭✭✭✭✭

    @asheland said:
    Indeed some 62s are very nice:

    Especially some of the coins in the old "rattle holders." I had one gold piece go from AU-58 to MS-63 after I cracked it out and resubmitted it.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • YorkshiremanYorkshireman Posts: 4,583 ✭✭✭✭✭

    @BryceM said:
    Maybe the ones in the gold CAC holders don't really count, but these aren't so ugly:

    image

    image

    image

    image

    Nice, BryceM!!

    Yorkshireman,Obsessed collector of round, metallic pieces of history.Hunting for Latin American colonial portraits plus cool US & British coins.
  • DRUNNERDRUNNER Posts: 3,870 ✭✭✭✭✭

    Dayum Bryce . . . those are nice.

    Drunner

  • PurfrockPurfrock Posts: 545 ✭✭✭

    While it's true there are some nice 62's out there, I'm also cautious of the grade (along with 35, and mid-50s) as a copper collector. It's not uncommon to see color issues at this grade, and they can often be hidden well when buying on ebay or the like.

    EAC, ANA Member
  • TradernikTradernik Posts: 111 ✭✭

    @spacehayduke said:

    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 a lot of tuition to learn those two rules.

    Thanks, I've looked at your coins a few times. They're really nice... at any grade.

    2016...that's actually some of the best news I've heard since I started. I'm getting some great advice around here so hopefully I can be patient. I've got the 'constantly looking' thing going on right now, that's for sure. Every evening.

  • bolivarshagnastybolivarshagnasty Posts: 7,351 ✭✭✭✭✭

    Not fond of 62 Lincolns, but I find nothing wrong with attractive 62 gold.



  • BUFFNIXXBUFFNIXX Posts: 2,718 ✭✭✭✭✭

    hows this for an ms62 1916 buffalo nickel?

    Collector of Buffalo Nickels and other 20th century United States Coinage
    a.k.a "The BUFFINATOR"
  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭
    edited July 29, 2017 3:02PM

    Another great thread! One of my favorite quotes in numismatics was written by Mr. Bowers in the intro to his 2008 book Grading Coins by Photographs : "Today, such coins that used to be graded as About Uncirculated (AU) are now often graded as MS-60, MS-61, and MS-62" We can throw the MS-60 grade out the window as I have not seen a coin straight graded as an MS-60 in years. I know (?) they are out there.

    @shorecoll said: "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."

    NUTS! you show me just one of these "gems" that went from a major TPGS MS-62 slab to a major TPGS MS-65 slab. The ONLy time this happens is due to a mechanical error or an old technically graded gem AU becoming a commercial MS-65.

    @DIMEMAN said: "I disagree with this statement. There are a lot of nice 62's out there."

    There is nothing here to disagree about! We can commonly find both in TPGS slabs. Some AU's graded MS-62 and some MS coins correctly graded as '62's. If you dispute this you are extremely uninformed.

    @USMarine6 said: "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.

    "

    Please don't take this the wrong way but I'll bet if you cocked that beauty at an angle and took another image, the majority of us would say it was lightly buffed, extremely hairlined, or it has a chemically altered surface to hide the rub.

    @DIMEMAN said: "WOW, I have seen 67 Morgans that didn't look this good!!"

    Yeah, that's why coins are not graded professionally by photos.

  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭

    Not all 62's are created equally. Same can be said about all grades

    m

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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  • TomBTomB Posts: 21,443 ✭✭✭✭✭

    @Insider2 said:

    @USMarine6 said: "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.

    "

    Please don't take this the wrong way but I'll bet if you cocked that beauty at an angle and took another image, the majority of us would say it was lightly buffed, extremely hairlined, or it has a chemically altered surface to hide the rub.

    @DIMEMAN said: "WOW, I have seen 67 Morgans that didn't look this good!!"

    Yeah, that's why coins are not graded professionally by photos.

    I believe that is also a proof Morgan dollar and the grade of 62 for proof coinage typically yields far different results than the grade of 62 for business strike coinage.

    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    As we both know, Proofs and MS coins are graded differently. The thread was about MS coins and my response was weighted in that direction. You are correct, the coin added to the thread looked to be a toned Proof. It does not matter. That's why I suggested an image taken at an angle as I guarantee it is either polished or buffed, "dip burned" and heavily hairlined! I was trying to be nice in my original assessment. :smile:

  • TomBTomB Posts: 21,443 ✭✭✭✭✭

    I agree with you and was actually attempting to quote what DIMEMAN had written since I expect that response was written with respect to an MS67 Morgan dollar. However, my attempt at quoting properly did not exactly match the reality of my post. :|

    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image

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