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A serious suggestion to David Hall and PCGS................
2manycoins2fewfunds
Posts: 3,081 ✭✭✭
Like many others I regret that PCGS will not grade uncirculated American Silver Eagles higher than MS69 because of concern over 'milk spots' developing.
I would be happy to have PCGS grade them with a written understanding that the usual PCGS grade guarantee excludes this problem. A simple disclaimer on this one coin and one problem wouldn't be such a burden.
I just hate to be stuck with a 20th Anniversary ASE set MS69-PR70-PR70DCAM!!! That MS69 really sticks out!!
I would be happy to have PCGS grade them with a written understanding that the usual PCGS grade guarantee excludes this problem. A simple disclaimer on this one coin and one problem wouldn't be such a burden.
I just hate to be stuck with a 20th Anniversary ASE set MS69-PR70-PR70DCAM!!! That MS69 really sticks out!!
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Semper ubi sub ubi
It seems to me that the grade issued should be for the grade the coin is in when it is graded, not what it could be should a problem develop.
Obviously the professional graders think so.
Unless you are used to looking at large numbers of modern commemoratives they may all seem perfect to you.
It usually comes down to rim marks/nicks and very minor scuffs best seen with a good light held off to the side of coin.
<< <i>I have no knowledge regarding this subject. Keep this in mind when I make the following comments....
It seems to me that the grade issued should be for the grade the coin is in when it is graded, not what it could be should a problem develop. >>
In a vacuum, sure. However, they already know that the coins are prone to "milk spots" and they are the ones who must back up the grade with a guarantee.
"Keep your malarkey filter in good operating order" -Walter Breen
How long does it usually take for these spots to show?
If no spots are seen after that time can the coin be resubmitted
for reconsideration of a 70?
I'm curious.
My first post...updated with pics
I collect mostly moderns and I'm currently working on a US type set.
``https://ebay.us/m/KxolR5
<< <i>I think that PCGS is handling this responsively, from a business perspective. However, if they are too tight with 69s, 69 will become the new 70, and they will have the same problem. >>
That is soo true. If they slap a 69 on the label and the coin spots out really bad it will no longer meet the 69 grade either.
<< <i>There are problems and there are solutions .... AND I DON'T MEAN DIPPING SOLUTIONS, either
Meant to broaden the horizons...only.
"Keep your malarkey filter in good operating order" -Walter Breen
``https://ebay.us/m/KxolR5
<< <i>If they slap a 69 on the label and the coin spots out really bad it will no longer meet the 69 grade either >>
This may be true, however, I am not sure if the spotting does take away from the actual grade, much like some funky toning, in any case, I think that the fear is that IF the coin no longer meets the "69 standards", PCGS isn't quite as worried about their liability as they would be in the case of the 70s. As Mark says, their concern is having to back up their guarantee, and obviously, the replacement cost of a 70 is much greater than that of a 69.