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2019-S Reverse ASE
Absolution
Posts: 336 ✭✭✭
This is an interesting claim, anyone know if it's true?
"It is rare that it is the only one out of all the ones that have been graded to be graded at a PR 68 by PCGS.
From my understanding, coins of this grade were not meant to be released."
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I have not heard anything about the mint not releasing a coin due to grade... Especially since the mint does not grade coins...Nor do they submit them for grading prior to release. More phony sales hype....IMO....Cheers, RickO
His understanding is wrong. No way are mint employees breaking the loupes out to examine 30,000 of these.
It is not exactly true, but it's close. Proof coins are made specially and should have high standards. There is NO ATTEMPT to mint all 70s and 69s.
That said, people on this board have returned coins as defective if they look 68 or lower. Very few 68 or lowers seem to get out which seems to suggest that even if the Sheldon scale isn't used, the Mint inspection of the coins results in mostly 69 or 70 equivalents.
You can see the difference in the special handling of these coins. They don't inspect and handle circulation quarters specially, so 65 or 66 is probably the most common grade in circulation strikes and very rarely 68 or above.
Short answer: SLIGHT EXAGGERATION.
All comments reflect the opinion of the author, even when irrefutably accurate.
What a #@$% (fill in the blank with your own description) - (the seller, not the OP
).
Sounds like he is trying to put a spin on his bad luck at getting a lower grade than most of them.
Sort of reminds me of the poor soul who had his sealed box of 2011 SE sets graded and one of the coins came back AU. The speculation is that it had broken out of the capsule during shipment (as some had done) and it rattled around in the case enough to put some rub on the high points.
I don't think that makes the seller a fool. Quite the contrary, he's trying to make the best of an unfortunate grading result.
And I don't think it's so outlandish a statement. It is much harder to get a 68 or GASP a 67 on a modern proof. It's an oddly hi-ball low-ball, but a low-ball it is.
All comments reflect the opinion of the author, even when irrefutably accurate.
That's what I was thinking too; it didn't make sense and the bids are increasing the auction pretty high.
I meant more about the seller's statement, "coins of this grade were not meant to be released." The statement that it's harder to get is fine but the coins of this grade were not meant to be released is misleading.
SEe my prior post. It is true. The Mint standards, while not based on the Sheldon scale, do attempt to have coins that are essentially 68 or 69 and above.
All comments reflect the opinion of the author, even when irrefutably accurate.
Yes, "fool" was not the best word - it was better than some of the alternatives I was coming up with.
He is indeed trying to make the best situation, but it sounds like he is trying to hype his coin as some sort of rarity when in fact it is simply on the lower end of the scale.
At least he didnt mentioned about founding it in a 200 year old safe.
On a related note, I hv sold quite a few lower graded W quarters (think MS 62 or lower) and the ending prices are comparable to a MS 64.
This is a steal $2425.00. Prices dropping?