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Submitted (4) 2018 Palladiums to PCGS and got (4) 69's.
Rodebaugh
Posts: 304 ✭✭✭
I think that's pretty impressive seeing how pops favor 70's over 69's by a factor of 10. Not much else to say except that I'm beyond disappointed.
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2018 Platinum coins are tough to get in 70DC.
Wondercoin
Am I reading the pop numbers wrong? I thought that the 70's far out numbered the 69's. Honest question...not being a smarty pants.
I suspect, like me, many (most) large submitters requested min. Grade 70DCAM on those coins. We pay a fee on every coin that fails to grade 70DC, but they come back from PCGS in capsules and are not counted in the pop report numbers.
Wondercoin
Wow. I am surprised, given the improvements in mint production in recent years.
Here's a warning parable for coin collectors...
Interesting way that distorts the numbers.
I am very sorry!
Did you call the Mint to COMPLAIN? Maybe you can get them to reimburse you the cost of the grading?
Realistically no party is at fault here. I just got dealt some rotten luck that I would classify as statistically significant.
Well the good thing is you came out ahead providing you sell some of them. I sold my 69 and came out ahead and I don't miss it one bit. I sort of like the color of gold better but really I know how dissapointed you feel. I only had 1 but if I had 4 I would be pissed! Well sort of like my last 5 coins I submitted all newer coins from the Mint all 69's. Sort of feel like the Mint keeps sending me the screwed up one's. I blame the Mint! But in the end I am the Idiot who keeps buying from the Mint. I think I am going to move over to Daniel Carr's exclusively! Screw the Mint!
See we haven’t had the luxury of seeing the coins no one can be sure why they are all 69’s. But if there aren’t any minute distractions on the coins, somethings should have went “70”. It is my opinion that the “faucet” starts to turn off for 70’s after some time—and believe me I have seen coins in 70 holders that don’t belong there at all.
I just sent in 6 sets of FS eligible Rev Prf Presidential Dollar Coin and Chronicle sets, all clean dollars, I was blessed with 6-68’s!!!!
Never again.
get them to reimburse you the cost of the grading?
The Mint standard is not 70, nor should anyone's expectation be 70. If you get a 66, complain.
All comments reflect the opinion of the author, even when irrefutably accurate.
The Reverse Proofs tend not to 70 easily. Mint production is not perfect on those.
All comments reflect the opinion of the author, even when irrefutably accurate.
Did you mean palladium in the title? Not that it changes the situation. I got 5 -69's of 5 submitted in sealed OGP with the gold Kennedy's. It happens a lot for coins not seen. This is the other reason why 70's are much harder to find than the pop reports say. Most look first, see a tiny flaw (before first 30 days for FS), and so DO NOT send in.
Insider2 has submitted many good tips on how to look for tiny flaws on coins that helped me a lot. My graded 70 % improved significantly and I saved a lot in grading fees. You can also fill in the "MIN GRADE" box and write in 70 and they will not holder (or count and publish) the grades lower than that (available for modern coins newer than 1965, or for crossovers).
My US Mint Commemorative Medal Set
I did mean palladium. Thanks for the heads up. I have fixed the title.
Looked at two a customer brought in yesterday, definitely 69's. told him don't waste the cost to submit
Only 2 of my 7 graded 70. I think 70's are going to be rarer this year than last.
Platinum gone from discussion. Lol
Now, I am a bit surprised you did not get at least (1) 70. Anyway, still a great profit if you want to sell the coins. Mint cost less than $5,600 about 4 weeks ago. I would pay $8,600 today for the (4) coins.
Wondercoin.
I had exactly the same experience in 2015, and I still maintain that at least 2, maybe 3 of those coins should have been graded 70FS. Same stats. Same probabilities in play.
I knew it would happen.
Like Wondercoin said don't knock it. It's still a good payday for 4-weeks of holding and made more then some one that is working a fulltime job. I lucked out sent in two and rec 1-PR69 and 1-PR70 and have 8 more in now, fingers crossed we will see. But will be happy with what ever I rec.
Hoard the keys.
Sorry I was just venting! But I feel much better!
Oh if your fast you can crack them and send them across the street and you will get some 70's cut off is the 7th of this month, That's If you wanted to life is fast don't stop to smell the roses on this one..
Hoard the keys.
So you got 4 of these at release or bought after?
Collector, occasional seller
out of the 2 I submitted I got 1 69 and 1 70. I was happy with getting at least 1 70...usually I'd be the one with 2 68s coming back.
Don't quote me on that.
When you think you have a 69 it's really a 70, when you think you have a 70 it's really a 69. Splitting split hairs imo.
My experience as described in my earlier post should have yielded more 69’s; possibly a 70; but 6-68’s?? That’s just BS. I know the game. I’ve also heard first hand accounts from others in this game.
If 70's were easy to get, there would be no premiums..... That is a tough break though. However, as noted above, still premiums available. Might not be so in another year. Cheers, RickO
The very first one I saw at the Long Beach show
was purchased at the Philly Mint retail store on
the first day, and then Fed Ex'd to LB for grading.
I saw the coin in the cap - it had l a decent number of
minor (but there!) planchet flaws, on both sides.