CoinsAreFun
US Coins, World Coins, and More => US Coins, tokens and medals => Topic started by: bear on May 21, 2011, 08:57:01 PM
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In reviewing the new plus grading I have found that there are plus coins and then there are PLUS coins.
If one is very careful and meticulous in differentiating the chaff from the wheat, you can find a coin with all of
the attributes of a gem coin at a third of the price. I am talking about MS-64+ coins. This opens the collecting field
to the average collector for coins of almost gem quality at an affordable price. some of these coins appear to have
serious potential for upgrade down the road. I would expect that as the pricing for this classification matures, we will see
an expansion in the pricing differential. Of course a complaint that is being hear, is that PCGS is using the plus rather then
giving coins the next higher grade. As we all know, although never admitted to by TPGs, grading does tend to loosen and toughen
over time. Thus , that is the kicker in selecting truly nice MS-64+. Now if such a coin gets a green CAC, that is just the icing on the
cake. An example of such a MS-64+ is to be found on " Coin Rarities on Line", the coin is the Liberty seated 1850-O Half Dollar.
Don't ask for it, as it is already in my collection. If you carefully look at this coin, it could well have been graded as a 15,000 MS-65
instead of a price around 4700. Take a look and be amazed.
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I agree with you bear, but at first I didn't like it because my 1944-S Walker MS66 dropped by a substantial amount.
But now that it has been around long enough a balance is beginning to stabilize prices.
The statement in general (depends on the coin) that a + coin will be much more reasonable and btw, some do belong in a higher
graded slab but gives the collector a chance to get into a beautiful coin for a lot less expense.
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The 1850-o Lib Seated Half I bought and is shown on the Forum is a PCGS MS-64+ CAC coin.
The Liberty Walking is a PCGS MS-66+ CAC and the 1837 is an original PCGS MS-65.
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The 1850-o Lib Seated Half I bought and is shown on the Forum is a PCGS MS-64+ CAC coin.
The Liberty Walking is a PCGS MS-66+ CAC and the 1837 is an original PCGS MS-65.
I would say you did exceptional then. Because they are all excellent examples but that 1850-O Is out of this world nice!
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The thread now includes the 1918 FH L.S. Quarter in pcgs MS-66+ CAC. The condition of
the coin is of such beauty and such a hammered strike as to almost be an Ultra Full head.
It was added to the same thread as the other three coins. In addition, I have identified 2-3
other coins for purchase over the next week or so.
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I have to say, that although one must still be very selective, the Plus grade of coins, by and large
are of measurable high quality for the particular grade and are quite pleasing in appearance.
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That is true, if they are hand selected and one has personally seen them in hand....then yes
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The thread now includes the 1918 FH L.S. Quarter in pcgs MS-66+ CAC. The condition of
the coin is of such beauty and such a hammered strike as to almost be an Ultra Full head.
It was added to the same thread as the other three coins. In addition, I have identified 2-3
other coins for purchase over the next week or so.
Hi Bear, I'd like to see pics of your 1918-P SLQ if your able to post them here? [url=http://www.freesmileys.or
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I am computor challanged. I hope someone can transfer the thread by Chumly it is titled "I was walking through the woods"
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I am computor challanged. I hope someone can transfer the thread by Chumly it is titled "I was walking through the woods"
I did bear, its a new thread
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I agree completely. Ive been looking at 64+ CAC'd $10 Indians and $20 Saints, and they are very sharp looking coins, and much cheaper in some cases than a 65.
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In many ways, the situation of Plus graded coins reminds me of what
happened with truly super AU 58 Bust halves. A few years ago, one could
find such coins that looked MS-64 or 65 with a slight amount of wear on the
high points. The truly wise collectors pounced on these terribly underrated and
under priced coins until today, when such coins are really like hens teeth.
So be forewarned check out those PLUS grades for the truly splendid ones. You
will probably have to spend up for the really nice ones, but in duue time, it will prove
to be a worth while effort.
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I believe that the new Plus grading will do for type coins what happened to the AU-58 Bust Halves.
There , you had , what was in effect MS-64 and MS-65 quality coins, with slight rub on the high point.
If you were very selective in the selection of quality AU-58s, then you had in effect gem coins at a fraction
of the price. Of course, we saw what happened, the nice coins got upgraded to MS status or , the price of
realy nice AU-58 Bust Halves exploded. I believe, that the same thing will happen to select Plus coins. It is
my opinion that they are, at present, under appreciated and under valued.
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Worthy of a bump! Happy(*) Happy(*)
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Apparently PCGS has put the Kabosh on issuing PLUS grades for the time being.
Everyone resubmitting coins for upgrade might want to wait a bit before submitting
them during this dry period. :popcorn:
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Plus grading offers something else---more accurate population statistics. When I see a dealer touting pop figures for, say, an MS65 1870 dime, I never know what this information really means.
Grading standards have varied all over the place, and numerous coins have been tried for upgrades (sometimes more than a dozen times!), so I view this information as suspect. Plus grades are
newer, and the grading is tighter; therefore, the pop reports should be more useful.
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I had not thought of that aspect of the PLUS grade, but it is very
true indeed.
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It appears that PCGS may have tightened up their grading a bit. While this may have slowed the
awarding of higher grades and Plus grades to resubmissions, it is really not a bad thing. I for one
can never argue against tighter grading standards. While PCGS has never admitted to changing grading
standards, they did tighten up the requirement for DMPL on Morgans from 6" minimum to 8" minimum.
There could be several reasons for this change, If indeed it is happening.
1. With the creation of CAC, it could be an embarrassment if only 60% of PCGS Coins submitted are awarded a
CAC sticker as being solid for the grade.
2. The tighter standards could have a marked effect on removing the profit motive for crack out artists from pushing
coin grades to the limit and even beyond. Wouldn't a collector rather buy a strong MS-65 at the top of the grade
instead of a just barely made it MS-66 at a much higher cost.
3. As the Leading TPG, PCGS must always be aware of their grading, in an industry where accuracy consistency,
and conservative grading, is always highly regarded and desired.
4. Tighter grading could also reduce the chances of PCGS having to buy back or pay the difference in a coin that may have
become over graded.
Now remember, this is all perceived and unproven. It is a theory, but if true, will only benefit collectors and the hobby in the
long run.
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what is the web link for "Coin Rarities Online" ?
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what is the web link for "Coin Rarities Online" ?
Click on the link on this forum "Important Links and Dealers"