Guest Stujoe Posted January 27, 2006 Report Share Posted January 27, 2006 I always find these kinds of stories interesting as there is usually not a lot of them that the history is able to be discerned. They are also the best argument against a 100 point scale, IMHO. The TPG (or grading in general) precision is just not up to task for it. 1910-D Barber Dime March 2004 - NGC MS66 - $2300 A number of attempts to upgrade it eventually resulting in an NGC MS66* January 2006 - PCGS 67 - $16,100 PCGS Thread by the former owner... http://forums.collectors.com/messageview.c...threadid=470976 Heritage auction... http://coins.heritagegalleries.com/common/..._No=1026&src=pr Link to comment Share on other sites More sharing options...
stu62 Posted January 27, 2006 Report Share Posted January 27, 2006 I freely admit I can't tell a MS66 from an MS67. I think one is better off buying a MS64 with good eye appeal for $100 than a MS65 for $500.Stuff like this gives TPG a black eye. Link to comment Share on other sites More sharing options...
kryptonitecomics Posted January 27, 2006 Report Share Posted January 27, 2006 Saw that thread over on PCGS.............. All I can say is it must be nice to be connected!!!! Link to comment Share on other sites More sharing options...
jlueke Posted January 27, 2006 Report Share Posted January 27, 2006 I always find these kinds of stories interesting as there is usually not a lot of them that the history is able to be discerned. They are also the best argument against a 100 point scale, IMHO. The TPG (or grading in general) precision is just not up to task for it. 1910-D Barber Dime March 2004 - NGC MS66 - $2300 A number of attempts to upgrade it eventually resulting in an NGC MS66* January 2006 - PCGS 67 - $16,100 PCGS Thread by the former owner... http://forums.collectors.com/messageview.c...threadid=470976 Heritage auction... http://coins.heritagegalleries.com/common/..._No=1026&src=pr Crazy stuff. A perfect example of the subjectivity of grades. With that spread you get a lot of chances at an upgrade. Same with toned copper that people lighten trying for that RD. Link to comment Share on other sites More sharing options...
Guest Stujoe Posted January 27, 2006 Report Share Posted January 27, 2006 The Peter Principle as applied to coin grading. Link to comment Share on other sites More sharing options...
bill Posted January 27, 2006 Report Share Posted January 27, 2006 A coin is worth what someone is willing to pay for it. One point grade differences, slabbing, and $10,000 plus differences for a point are what led me to other collecting interests. I read the Heritage description, a couple of nicks on the cheek hidden by toning.....? If it looks that good and someone is willing to pay that much for it, better them than me. MS-67 really doesn't have that much to do with it. If someone paid $10,000 for the 67 versus 66, I might think they would buy a common 1943 circulated steel cent for $50 or $60. It just doesn't make sense unless you move in the company of people where $10,000 doesn't count as real money. Link to comment Share on other sites More sharing options...
Brett Posted January 27, 2006 Report Share Posted January 27, 2006 "Upgrading to an MS67 holder doesn't change the coin. Doesn't anyone feel a little for the poor fool who gets stuck with this $3-4000 coin. When the market turns this is one of those that should find new lowground. What a great hobby, smoke, mirrors, and some plastic and it actually has the ability to "create" money. " I agree with what they said. And that is exactly why TPG's are useless except for authentication Link to comment Share on other sites More sharing options...
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