Nice upgrade...further proof that grading is subjective...

coinlieutenant · February 24, 2005 5:29PM

As if we didnt know that already...

NGC MS64

NGC MS66

ER · February 24, 2005 5:52PM

Incredible!

michael · February 24, 2005 6:38PM

well so much for my bid...................not

michael · February 24, 2005 6:39PM

oh great thread and detective work by the way

wildjag · February 25, 2005 12:33AM

someone is about to get screwed

BigGreek · February 25, 2005 12:58AM

Well done!

Let all buyers of slabbed coins beware.

JRocco · February 25, 2005 1:08AM

The ironic part of this whole situation is that someday, some poor collector (speculator????) will crack it out and get a 2 point downgrade then have to spend the money on the obligatory 5 retry's before getting it back in that 66 slab. Sad state of affairs these days.

Bear · February 25, 2005 1:12AM

Great catch john. You should be in Naval Intellegence.

Nocerino18 · February 25, 2005 1:12AM

Gradeflation

Mark · February 25, 2005 1:59AM

I liked Heritage's initial description "A couple of tiny abrasions are all that prevent a higher grade" Somehow those tiny abrasions aren't worth mentioning once the coin is in a 66 holder, to say nothing of Heritage's ability to predict a coin's future grade....

Mark

Merc · February 25, 2005 2:08AM

Nice coin, but it is still a 64. Maybe the next owner will send it in for a grade review and get it downgraded.

dragon · February 25, 2005 2:18AM

There are many thousands of examples of stuff like that happening at both PCGS and NGC. Just a roll of the dice, LOLOL

It's kinda like PCGS and NGC print their own money, only all they have to do is put that little numerical grade on their holders.

coinlieutenant · February 25, 2005 6:28AM

My father (coinfarmer) bid on that coin when it was a 64 for his 1872 date set....

I dont really know what to think about the grade since I havent seen it. I have had a couple of other dealers with eyes on target check it out when the coin was a 64. They said that it was nice and worthy of a bid. My guess is that the coin probably should be a 65, nothing more, nothing less.

My point is that sometimes you need to take more than one bite from the grading apple. I also think that the first buyer was PROBABLY Heritage and not a collector.

The turnaround was very fast and consignment deadlines etc dont seem to point to a collector buy. Perhaps a dealer, but I would guess J.H.

John

Bustman · February 25, 2005 6:57AM

"further proof that grading is subjective"??

MUCH more likely... further proof that grade inflation is alive an well!

robertpr · February 25, 2005 7:53AM

The coin looks very nice in the coin-only shots but like a fugly POS in the overall slab shot. I wonder which is closer to reality?

DNADave · February 25, 2005 8:12AM

<< <i>Incredible!

>>

Incredulous

keets · February 25, 2005 8:52AM

It's kinda like PCGS and NGC print their own money, only all they have to do is put that little numerical grade on their holders.

Huh???

al h.

Russ · February 25, 2005 9:08AM

<< <i>further proof that grade inflation is alive an well! >>

If this one is gradeflation, we're back in the Carter years. Both of the holders are the new design. This isn't one that sat tucked away while grading standards gradually changed.

Russ, NCNE

Stuart · February 25, 2005 9:44AM

I'd like to be a buyer of that coin in an MS-64 holder, and would definitely not be a buyer of it in an MS-66 holder...

rays · February 25, 2005 9:56AM

Seems kind of dark to me to be a 66. I am not in favor of "blast white" (dipped) coins but when they are too dark the lustre is impaired.

Bear · February 25, 2005 10:00AM

Ima waiten till thet there coin gets itself

into a 67 holder, before I bids on it.

Bustman · February 25, 2005 10:13AM

<< <i>

<< <i>further proof that grade inflation is alive an well! >>

If this one is gradeflation, we're back in the Carter years. Both of the holders are the new design. This isn't one that sat tucked away while grading standards gradually changed.

Didn't notice that. Good point!

clackamas · February 25, 2005 10:18AM

It would suck to have been the original submitter. I can't believe if it was that nice they would have been satisfied.

mr1931S · February 25, 2005 10:22AM

SO, what should a 66 bring the seller, about 10 grand more than a 64? Or would it be even more given that it is now a "pop 1, none finer?"

Nice coin. I think the colors are great, looking at the coin only images of the "66." Further evidence has been presented, however, that the buying collector should always "let the coin do the talking" rather than the number on the slab.

Nice upgrade...further proof that grading is subjective...

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