MS60 Grade

FC57Coins · May 23, 2003 5:24AM

It seems to me that you don't nearly see this grade very often, as opposed to MS61 and MS62, unless you get something net graded at ANACS or SEGS - do you suppose it's because the grading services don't get that many coins that would grade at this level or is it, in fact, one of those grades that's actually pretty hard to quantify and locate?

Frank

prooflike · May 23, 2003 5:26AM

Possibly by the MS60 point it is either bagged for damage or AU'ed ??

Baley · May 23, 2003 5:29AM

MS60 is a funny grade: it has a stigma as the "worst" uncirculated. Usually it's so bad with marks or rub that it slides all the way down to AU58. If it makes it over the hurtle of Unc. most coins get up to 61 or 62, even if it takes another submission (provided the coin is worth it, we're assuming that if it's worth slabbing, it's worth going for 61 or 62 if it's in a 60 holder)

as for raw, who'd offer their own coin as MS60? if it's a 60, surely you can make a case for 61?

tradedollarnut · May 23, 2003 5:31AM

Makes you wonder why the price guides insist on reporting values for MS60. It's almost a useless number - MS61 would be much better!

FC57Coins · May 23, 2003 5:40AM

Point well taken - so get a load of the picture below - the dollar really doesn't look like what I would consder to be a "mangled" MS60, and it got a PL to boot! Probably the main reason that I got it. I've also noticed that you hardly see any recent slabs with this grade, more prevalent in rattlers and green holders - have you guys noticed the same?

Frank

Baley · May 23, 2003 5:50AM

agreed on all points. Nice coin... for a 60

I've got a trio of $10 libs in rattler PCGS 60 holders, the coins look like what is in newer 61 and 62 slabs these days, maybe back then if a coin didn't make 63 it would just get 60, they didn't use 61, 62, and 64 nearly as much back in the old days as they do now.

baccaruda · May 23, 2003 6:16AM

here's an ANACS MS60. i don't quite understand this grade though...

Baley · May 23, 2003 6:19AM

'cuda, thats what I'd call a PQ anacs60! wow nice.

baccaruda · May 23, 2003 6:23AM

thanks Baley - i like it too.

I think ANACS must have automatically downgraded it to 60 because of the horizontal abrasions in the hair on the obverse. the reverse is very clean - i would say 65 condition.

i bought it graded, so i'll take it.

Bikingnut · May 23, 2003 6:24AM

Here's a link to the 32S Washington at Heritage that's in a PCGS MS60 Holder. I was a little surprised when I came across it and notice it is a Yellow label. It looks like a very nice coin, really no marks at all. Is it because of the toning? When this was graded was toning not as acceptable as it is now?

32s Link

coinkat · May 23, 2003 6:40AM

MS60 is not really utilitized by TPG as it should be.

jbsteven · May 23, 2003 7:17AM

I have a ms60PL Morgan in the older green label PCGS similar to FC's. Kinda funny to look at it.

Conder101 · May 23, 2003 11:43PM

In the early days of slabs the MS-60 grade was used very frequently but after a few years it started disappearing. I remember discussing the matter with a couple of collectors at a show back around 1990. We came to the conclusion that the services were for the most part reserving it for the really baggy Unc and that the services were operating under the assumption that if it was submitted it had to better than just a 60 and everything that wasn't horribly ugly got an outomatic 61 or 62.

And I have noticed since then that the MS-61 grade has about disappeared as well. I just did a title search on ebay for MS-60 through 70 and other than what to me was a surprising number of 60's there are fewer 61's than anything other than 68.

MS-60 231 items
MS-61 71
MS-62 246
MS-63 732
MS-64 792
MS-65 804
MS-66 306
MS-67 110
MS-68 35
MS-69 141
MS-70 81

When you consider that the original definition of MS-60 was that it was supposed to be a TYPICAL uncirculated coin and that a MS-65 was expected to exist at about a 1:100 ratio you can see that grading definitions have really changed since slabbing began.

Julian · May 24, 2003 1:09AM

A simple definition of MS 60:
Any uncirculated coin.

Therefore, if a coin could have more marks, it would be at least MS 61. MS 60 is a generic term for those that are not involved with 61 & 62 and is not a particularly useful term for those that are interested in all the #'s.

MS60 Grade

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