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What grade 'needs the plus' the most?

adamlaneusadamlaneus Posts: 6,969 ✭✭✭
I say it's 58.

There are some really excellent 58s that, while technically just a 58, ought to be called out as different than the rest.

Comments

  • BearBear Posts: 18,953 ✭✭✭
    You may be right, but to the AU-58 I would add MS-64
    and possibly MS-66. I got One + out of 6 and I consider
    myself lucky it was a MS-65FH, Liberty standing Quarter 1918.
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  • SonorandesertratSonorandesertrat Posts: 5,695 ✭✭✭✭✭


    << <i>I say it's 58.

    There are some really excellent 58s that, while technically just a 58, ought to be called out as different than the rest. >>



    They already are---primo, technical 58 coins are typically 'market graded' (bumped up to MS61-63 usually).
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  • PerryHallPerryHall Posts: 46,942 ✭✭✭✭✭
    The grade just before the big jump in price to the next higher grade.

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  • sinin1sinin1 Posts: 7,500
    its not the grade, but the coin and the series


    say it is $200 in X and $3500 in X+1


    and I am not talking just moderns, but Morgans have similar proportional jumps
  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    63 or 64.......MJ
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  • rickoricko Posts: 98,724 ✭✭✭✭✭
    No grade 'needs' the plus. Sellers 'need' the plus to increase profit. Certain collectors 'need' the plus for prestige factors. The coin is what it is. Cheers, RickO
  • ColonialCoinUnionColonialCoinUnion Posts: 10,087 ✭✭✭


    << <i>The grade just before the big jump in price to the next higher grade. >>



    Of course.
  • ambro51ambro51 Posts: 13,956 ✭✭✭✭✭
    I somewhat understand the logic of not offering this on MS61, but from what I see....it is certainly needed, especially with Gold.
  • EagleguyEagleguy Posts: 2,264 ✭✭✭✭✭
    In the spirit of the OP's question, I agree with Bear and MJ. MS-64 coins get no respect and seem to suffer the stigma of not being "gem" or whatever. A nice 64 coin would benefit from a plus.

    JH
  • johnny9434johnny9434 Posts: 29,415 ✭✭✭✭✭
    i would say the 58. jmho
  • TomBTomB Posts: 22,118 ✭✭✭✭✭
    PerryHall has already nailed the question in an overall sense. However, if you want a general grade specified then I would suggest MS62 since many collectors might typically exclude an MS62 graded coin whereas they might welcome an MS63. If the MS62 were to receive a + then it might seem to be a better fit.
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  • dohdoh Posts: 6,457 ✭✭✭
    64

    No offense, but 58+ doesn't make any sense to me. A true 58 is a 64 with rub. It is NOT a 61/62 with rub. 61s and 62s are way too beat up to be true 58s. They're 55 tops. So, to me a 58 is already maxed out as the next grade up is probably a 64. How would you price it?

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  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    For MS/Pf coins, price douiblings for the most part don't occur until the 64 to 65 level.

    So I would agree with the 64+ quantifier....with the 65+ and 66+ right behind it. For Morgans, Peace dollars and other set coins it's often at the 66 to 67 levels where even tripling or quadrupling of price occurs....that's where the + will give the most benefit to the owner.

    roadrunner
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  • shorecollshorecoll Posts: 5,447 ✭✭✭✭✭
    I'll agree with the 64, but also 65. There are lots of doggy 65's and it will help me screen these. I've stopped looking at 64's, but I will look at 64+. This is mostly for commems and type, on coppers and busties I look at 2-58, generally uncs that I like are out of my league.
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  • dsessomdsessom Posts: 2,435 ✭✭✭✭✭
    I'm with the 58 crowd. I have seen the most variation among AU58's I think out of any other grade. I have to counter doh's statement with the following:

    A true AU50 has seen some circulation and has actual light wear.

    A typical AU53 is a rubbed or poorly struck 60/61, or has more than just rub.

    A typical AU55 is a rubbed 62/63.

    A typical AU58 is a lightly rubbed 64/65.

    A PQ AU58 (or 58+) is a lightly rubbed, fully struck 65/66 or higher.

    That's my train of though. So, yeah, I would have to agree that 58 needs the PLUS grade more than any other.
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    Dwayne F. Sessom
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  • notwilightnotwilight Posts: 12,864 ✭✭✭
    A grade with a big jump to the next grade would benefit the most. The most benefit, IMHO, would be a 69 with just a few 70s or no 70s.

    Slightly less benefit would be gained by a classic coin with just a few of the higher grade and a lot of undergrades like a 31-S MS66 5c.

    --Jerry
  • BillJonesBillJones Posts: 34,888 ✭✭✭✭✭
    NONE OF THEM!!!!

    It depends upon the coin.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • dohdoh Posts: 6,457 ✭✭✭
    Dwayne, you didn't counter my statement. We agree that a true 58 is a 64/65/66 with slight rub. Let's say that right now a 58 is a $500 coin. A 60 is a $700 coin, a 61 $900 coin, a 64 a $3000 coin, a 65 a $5000 coin and a 66 an $8000 coin.

    How would you price a 58+?? The next grade for a 58 is *sort of* a 64, so would you price a 58+ at $2000 and a 60 at $700? That doesn't work. So would you price a 58+ at $600? That would be great, but how many dealers are actually going to price it that way? To me a 58+ doesn't work well because they're going to be dang hard to price IMHO.
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  • << <i>For MS/Pf coins, price douiblings for the most part don't occur until the 64 to 65 level.

    So I would agree with the 64+ quantifier....with the 65+ and 66+ right behind it. For Morgans, Peace dollars and other set coins it's often at the 66 to 67 levels where even tripling or quadrupling of price occurs....that's where the + will give the most benefit to the owner.

    roadrunner >>

    I will be sending this one in for regrading! Think it has a chance for a 66?
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  • Aegis3Aegis3 Posts: 2,919 ✭✭✭
    Looks like I'll be a contrarian (sp). (This is also assuming one accepts the plus modifier and numerical grading. I do not.)

    Looking at the "grade space" (in reality a near-meaningless term) and ignoring "price space" (much more meaningful), the largest distance between grades is not at the high end of the grading scale but rather the low end (for a combination of historical and "price space" reasons). I would say the plus modifier would thus most useful for AG and Fair grades.
    --

    Ed. S.

    (EJS)
  • adamlaneusadamlaneus Posts: 6,969 ✭✭✭
    This thread is sort of a wake up call for me. I wrote the initial question without having reviewed all of the PCGS material on the new service. It's obviously directed towards grades where the next grade up is a huge jump in price.

    I was thinking not about prices, but about grades. I was thinking about what specific numeric coin grade is generally the 'broadest' and could use a division. Not based on price, but based on how the coin looks.

    My focus was not price nor rarity at all. Thus the wake up call. My head apparently is in a completely different place than most coin collectors. A humbling thought as I proceed to the Santa Clara coin show tomorrow. Not a particularly good feeling either; I feel out of touch.
  • ziggy29ziggy29 Posts: 18,668 ✭✭✭
    In theory I'd agree it's 58 -- especially if means no more "market grading" the nicest ones into 61 and 62 holders, though I am still an advocate of AU-61 through AU-63 grades if the market wants the TPGs to "price" coins rather than just grade them. I understand that a really nice 58 (or 58+ if you will) can easily be worth 62 money, so I get putting it in a 62 holder. It just irks me to see coins with obvious rub in a MS holder.

    I'd say some MS conditional rarities, such as a few of the Morgans (1884-S, 1896-O, 1901-P for example), also can use it because of the huge spreads from one MS grade to the next.
  • BaleyBaley Posts: 22,663 ✭✭✭✭✭
    I'd say 64 most often in the kind of coins I'm thinking of, there's a big step in price to 65.

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