Modern Coins 69 vs. 70
jetpro
Posts: 126
Can anyone determine what percentage of modern silver eagles grade at 69 vs. 70? And does PCGS grade eagles as 70s anymore? Thanks for your help.
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PCGS does still grade eagles at 70, but they aren't nearly as common as 69's.
Effective June 28, 2007, PCGS began grading Mint State Silver American Eagles for the years 2006 and 2007 based on their condition at the time of grading, without regard to the probability of future spotting. In the past, PCGS was reluctant to grade any Silver Eagles MS-70 because of the significant possibility of future milk-spotting on the surfaces of the metal, which often seem to appear after the coins are minted and even after they have been graded. While milk spots are still an issue for Silver Eagles, the quality of the 2006 and 2007 Silver American Eagles is fantastic and the coins merit consideration at the top grade of MS-70 (the PCGS grading standard for MS-70 requires “flawless surfaces under 5x magnification”).
<< <i>PCGS expects to find a fair number of MS-70 examples of the Silver American Eagles, based on the quality of the coins submitted thus far. >>
<< <i>the quality of the 2006 and 2007 Silver American Eagles is fantastic >>
<< <i> PCGS was reluctant to grade any Silver Eagles MS-70 because of the significant possibility of future milk-spotting on the surfaces of the metal, which often seem to appear after the coins are minted and even after they have been graded. While milk spots are still an issue for Silver Eagles >>
Is there a contradiction in these statements? (The loosing of grade reflects the future of the MS70 ASE..) was it only for fear of milk spotting?
Non milk spot coins should cross! I implore you to break out your 10X microscopes and look for flaws in your ASE collection. You know have the standard that exceeds all expectations of the 5X test...
In order to find the average total of the so called fair Number that should exist, its time to make the comparison.
The 2006 estimate comes in at an average of 4% out of 158059 coins graded.
The 2007 comes in at an average of 5% out of 92566 coins graded.
The 2008 comes in at an average of 9% out of 64991 coins graded.
The 3 year average total comes in at 5% out of 315616 coin graded.
For the year of 2004 2.2% come in at MS70 out of 81013 coins graded.
Its a reasonable assumption that the 2004 ASE was of slightly lesser quality, and 2.2% seems Like the, so called fair Number that should exist. Thats More than 50% less then the total average # of coins graded for the 3 previous years. IMO it is now a fact, and by merit should reflect in the population report..
<< <i> the quality of the 2006 and 2007 Silver American Eagles is fantastic and the coins merit consideration at the top grade of MS-70 >>
IMO this statement should merit all previous years according to the new standard. calculator
I have found power in the mysteries of thought.
It is always a question of knowing and seeing, and not that of believing.
Our virtues, and our failings are inseparable, like force, and matter. When they separate, man is no more.
.
<< <i>
The 2006 estimate comes in at an average of 4% out of 158059 coins graded.
The 2007 comes in at an average of 5% out of 92566 coins graded.
The 2008 comes in at an average of 9% out of 64991 coins graded. >>
Your numbers seem a little off. I'll use the 2008 numbers.
You said in 2008 only 64991 coins graded, but according to the chart there were 71,194 coins graded. Or is my math off
Could be why that number is off.
I averaged up from 8.6%, so 9% still holds true with the new values for the 2008
I have found power in the mysteries of thought.
It is always a question of knowing and seeing, and not that of believing.
Our virtues, and our failings are inseparable, like force, and matter. When they separate, man is no more.
.
<< <i>Thanks thestig and onejinx....Do you have similar numbers for the proofs? >>
Proof totals
calculator
what I realy want to do is the PCGS totals, and study.
This way I can see If there (policy) still reflects there grading EYES. In this case the eyes of a 5x microscope.
Totals need to be very close to my first study, in order to determine if PCGS uses a 10x microscope, apposed to a 5x microscope as stated.
I have found power in the mysteries of thought.
It is always a question of knowing and seeing, and not that of believing.
Our virtues, and our failings are inseparable, like force, and matter. When they separate, man is no more.
.