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How do you feel about the MS70/PF70 grade?
mcarney1173
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Do you think any coin can truly be perfect. Comments:
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69 is good enough for me (and let's leave that statement alone, shall we?).
John
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Ron
and more then likely get a few 70s. especially if you screen out the 69s that have
a problem that is detectable in the first few seconds of looking at the coin.
Gary
My feelings exactly. I find it interesting that ONLY modern coins can be found “Perfect”. I also find it interesting that you can take modern Lincoln Cent proofs that were selling for $800 - $1000 just 5 years ago are now barely over $400. I speculate that number will continue to drop as they made Billions of proof sets that have YET to be searched/submitted and the current pops (and value) will only continue to go DOWN as folks continue the hunt.
WS
<< <i>Dollar for dollar, it's a joke!
My feelings exactly. I find it interesting that ONLY modern coins can be found “Perfect”. I also find it interesting that you can take modern Lincoln Cent proofs that were selling for $800 - $1000 just 5 years ago are now barely over $400. I speculate that number will continue to drop as they made Billions of proof sets that have YET to be searched/submitted and the current pops (and value) will only continue to go DOWN as folks continue the hunt.
WS >>
You can quote your examples of how some went down and we can find similar stories of how classics dropped too. What about the PR70DCAM 2008 FS gold buffalos set. I sold several sets under $3k. I sold my last set to a good customer for under $2500 and had to beg him to take it. Now they are in the $15k range. --Jerry
There is an MS69 1853 Gold Dollar, which has one very very small spot near the lower right of the obverse...that according to Heritage is all that holds it from an MS70 Grade. QDB himself has stated that if an MS70 piece of classical coinage is ever graded, it will no doubt be a Gold Dollar.
Modern proof issues are carefully made from well prepared dies and handled with extreme care. It is only by sheer overproduction that they carry almost no value. If proof sets were limited to say 20,000....instead of 3 million, we would covet these pieces at the grade levels they are to be found in.
If the Mint had issued Classic coins in air-tite acrylic holders you would see them in the 70 grade also.
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"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Yes, that may make the owners of MS68 Morgan dollars feel better, but it does not change the relative scale in the least. I say let the tight grading services give out a few 70s if they choose to. It only matters if you think it is important to own a 70 or are caught up in the modern registry collecting.
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<< <i>When Dr Sheldon devised his 70 point grading system, the 70 grade was considered to be used for a theoreticlly perfect coin and was never intended for use for actual coins in the real world. >>
Can you provide a reference?
Too much subjectivity; too much hype; too much uncertainty; too much money.
Penny Whimsy, look at the condition census for the individual varieties, and you will see a number of
them with at least one 70 in the census.
<< <i>Dollar for dollar, it's a joke! >>
You beat me to it!
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Is MS/PF70 a real grade? Yes, in that there is a defined standard and real (if arguably minute) differences between a 69 and 70.
Are the TPGs consistent on the grading? No, they are not on any other grades, why should they be here? I actually think its easier to be consistent on differentiation between a 69 and a 70 than other grading judgments, since there is less judgement involved, but don't know if that is borne out in practice.
Should you buy MS/PF70 over 69's?: Your own opinion is a s good as anyone else here, depends on what you want to do: Maximize Registry points? Maximize investment return? Minimize initial cost?
Editied to add:
And to the OPs original post, "Can any coin be truly perfect" - that is not the definition of MS/PF70.