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Would you consider this flaw acceptable on a PCGS MS70?
pendragon1998
Posts: 2,070 ✭✭✭
I recently acquired this PCGS MS70 piece. There is a slight bit of chatter on the rim and on the field next to the rim. Would you consider this acceptable on a MS70 example? I'll probably be out $25 for shipping on a $160 coin if I return it (overseas) and out $35 if I can exchange it for the other MS70 the seller has (if he'll let me).
To date, there are 7 at this grade. One other one is currently available on the market.
To date, there are 7 at this grade. One other one is currently available on the market.
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<< <i>MS70 should be perfect. At least that's what I thought. >>
That's not the standard that the major grading companies use, however.
Edited to add:
By the way, sorry for the quick and dirty photos with crappy white balance. My photography set up was taken down and I just cobbled something together to hold the camera.
<< <i>The standard is no defects visible in a 5x glass, and completely fully struck. The thing I wounder about the closeups - is that "irregularity" in the die, if so OK, if damage to the coin then not as acceptable. Raised metal tends to push me to the "in the die" possibility. >>
That is my thinking, too. If the flaws are mint-made (and I can't tell whether they are or not), it is probably acceptable at the assigned grade.
I'd need to know more about it before I could say and since I don't know the series, I would prefer to see it in hand (not knowing the series doesn't seem to have slowed down the comments above mine, however).
That price for a pop 7 would be a bargain for a US coin.
--Jerry
<< <i>MS70 should be perfect. At least that's what I thought. >>
Keep that thought....
<< <i>The standard is no defects visible in a 5x glass, and completely fully struck. The thing I wounder about the closeups - is that "irregularity" in the die, if so OK, if damage to the coin then not as acceptable. Raised metal tends to push me to the "in the die" possibility. >>
The area in question is visible to the naked eye. The inset image was from a 10X lens sitting on top of the slab. I think the marks are depressed into the coin, not raised above the surface.
<< <i>
<< <i>MS70 should be perfect. At least that's what I thought. >>
That's not the standard that the major grading companies use, however. >>
Not a 70 since that flaw would be visible under 5X magnification.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>I recently acquired this PCGS MS70 piece. There is a slight bit of chatter on the rim and on the field next to the rim. Would you consider this acceptable on a MS70 example? I'll probably be out $25 for shipping on a $160 coin if I return it (overseas) and out $35 if I can exchange it for the other MS70 the seller has (if he'll let me).
To date, there are 7 at this grade. One other one is currently available on the market.
>>
I think you have an MS70 and should be thrilled. You're really sweating the absolute of the smallest stuff, IMHO.
<< <i>What size is the coin? That looks like a very small issue at very high magnifications. Is it as struck or PMD?
I'd need to know more about it before I could say and since I don't know the series, I would prefer to see it in hand (not knowing the series doesn't seem to have slowed down the comments above mine, however).
That price for a pop 7 would be a bargain for a US coin.
--Jerry >>
The coin is about dollar / silver eagle diameter. I don't think that series really factors into grade when you're talking about 70-level grading. That becomes more about surfaces, doesn't it?
This series has been going on since 1998, and there are two NGC MS70s in the entire series, and seven PCGS MS70s that I'm aware of (all from this year and this seller's submission). MS69s are hard to find, MS70s are nearly impossible.
<< <i>
I think you have an MS70 and should be thrilled. You're really sweating the absolute of the smallest stuff, IMHO. >>
I've got a MS69 for this issue already. This is an upgrade, and at nearly twice the price of the MS69, I'd like to feel confident that it is indeed an upgrade for me.
<< <i>
<< <i>The standard is no defects visible in a 5x glass, and completely fully struck. The thing I wounder about the closeups - is that "irregularity" in the die, if so OK, if damage to the coin then not as acceptable. Raised metal tends to push me to the "in the die" possibility. >>
The area in question is visible to the naked eye. The inset image was from a 10X lens sitting on top of the slab. I think the marks are depressed into the coin, not raised above the surface. >>
If that is the case, it doesn't sound as if it deserves a 70.
But $35 sounds like a lot for the dealer to charge you to swap it out, and there is no assurance that you would like it either. So, I wouldn't exchange it.
And, it sounds like you wont be happy with it, so I'd return it.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
I would keep it.
--Jerry
In honor of the memory of Cpl. Michael E. Thompson
The $25-35 quote I mentioned for a return or exchange might be an overestimate, but I don't know by how much. I was including shipping from England to the US for the original coin, shipping to return it, and shipping for an exchange - that's where my shipping estimate came from.
That said, I don't feel any MS70's are truly perfect, at least not in a dollar-sized coin. 20 seconds and a 5X glass will usually turn up something most of the time. If you want perfection you'll probably have to wait for the grades of MS71 or MS100 to be made available.
roadrunner
Lou
ANA Life-Member
If it's mint-made then it's not supposed to hurt. But PCGS dinged my UHR a point because of what I believe was the result of edge lettering. At the time I had one of the rare MS69's. LOL.
Lance.
<< <i>Such a fine line between 69 and 70. If it bothers you now I promise it will only get worse...
>>
And at this point, it doesn't really matter whether it deserves an MS70 or not - the more important issue is whether you will be happy with it. And, based on your posts, my guess is no.
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