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#21
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US Mint come through
On Apr 9, 12:40*pm, "Bruce Remick" wrote:
"EricBabula" wrote in message ... On Apr 9, 9:44 am, "Scurvy Dog" wrote: Then, of course, you have to have a MS70+ with a CAC sticker. What a load of bull****... Anyone know what ever happened to the idea of a 100-point grading system? That was a while back, and I've been out of it for a while. Apparently, that never got enough traction, yet??? ++++++++++ The 100 point grading system is set to be applied exclusively to the popular MS70 grade, and will be designed to attract collectors of lesser means to the world of MS70. *I believe it's going to kick off on April 1, 2011. It makes me wonder when will TPG company's like PCGS take it to the next step of using a thousand point grading system. When and where does this end? I think these company's have lost touch with what this hobby is about, and now are only interested in how more they can get out of us. Are they still providing a service anymore or just eventing way's to generate cash? |
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#22
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US Mint come through
On Apr 9, 5:07*pm, "mazorj" wrote:
"EricBabula" wrote in message ... On Apr 8, 3:30 pm, "Scurvy Dog" wrote: I rec'd my War Vets and Boy Scout BU dollars within 10 days of ordering them. Both appear to be MS70, since I can't seem to spot a single flaw on them under 10X magnifcation. Well done, US Mint. Hurry! Get them to PCGS right away! * And be sure to ask for their new zooper-dooper Secure Plus slabbing. According to the item in this week's Coin World, this is an interesting development. *The Secure Plus coin gets a hi-def scan that's detailed enough to serve as a unique fingerprint for each individual coin. *Grading is largely tied to the scan, not to fallible human eyes squinting through a magnifier. If a previously submitted Secure Plus coin is cracked out and sent again for grading, they tie the new scan to the scan from the coin's previous submission. It automatically will get the same grade as the last time. If PCGS is to be believed, by taking much of the human element out of grading and by databasing the scans, this will help put an end to human-error grade inflation, repeated crack-out submissions in the hope of getting lucky with a higher grade, and it can identify any changes or cleaning/toning treatments affecting the surface after the coin was previously submitted and scanned. This could go a long way toward the goal of bringing more law and order to the grading process. *(It also may put the CAC sticker people out of a job.) However, it's also going to intensify the price differentials for hair-splitting variations within a grade. *They claim that the scan will positively and accurately separate specimens within the 10-point range for each grade, allowing the grader to more accurately assign the coin to the low, medium, or high range of any given grade. *For example, a specimen of a PS-66 could score from 660 to 669. *Those scoring at 668 will be graded PS-66+ whereas a 665 specimen will only get a plain PS-66. *Human graders cannot always accurately grade down to the 3rd digit whereas the scanner supposedly can. *So sellers of slabs with a + grade will have yet another marketing ballyhoo to add to their blurbs - "it's a Secure Plus PS-66+". While this time the + may actually be a reliable descriptor, it remains to be seen just how meaningful it is except in the minds of dealers. So would a 664 or 663 graded coin get a -66? |
#23
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US Mint come through
"sgt23" wrote in message ... On Apr 9, 5:07 pm, "mazorj" wrote: "EricBabula" wrote in message ... On Apr 8, 3:30 pm, "Scurvy Dog" wrote: I rec'd my War Vets and Boy Scout BU dollars within 10 days of ordering them. Both appear to be MS70, since I can't seem to spot a single flaw on them under 10X magnifcation. Well done, US Mint. Hurry! Get them to PCGS right away! And be sure to ask for their new zooper-dooper Secure Plus slabbing. According to the item in this week's Coin World, this is an interesting development. The Secure Plus coin gets a hi-def scan that's detailed enough to serve as a unique fingerprint for each individual coin. Grading is largely tied to the scan, not to fallible human eyes squinting through a magnifier. If a previously submitted Secure Plus coin is cracked out and sent again for grading, they tie the new scan to the scan from the coin's previous submission. It automatically will get the same grade as the last time. If PCGS is to be believed, by taking much of the human element out of grading and by databasing the scans, this will help put an end to human-error grade inflation, repeated crack-out submissions in the hope of getting lucky with a higher grade, and it can identify any changes or cleaning/toning treatments affecting the surface after the coin was previously submitted and scanned. This could go a long way toward the goal of bringing more law and order to the grading process. (It also may put the CAC sticker people out of a job.) However, it's also going to intensify the price differentials for hair-splitting variations within a grade. They claim that the scan will positively and accurately separate specimens within the 10-point range for each grade, allowing the grader to more accurately assign the coin to the low, medium, or high range of any given grade. For example, a specimen of a PS-66 could score from 660 to 669. Those scoring at 668 will be graded PS-66+ whereas a 665 specimen will only get a plain PS-66. Human graders cannot always accurately grade down to the 3rd digit whereas the scanner supposedly can. So sellers of slabs with a + grade will have yet another marketing ballyhoo to add to their blurbs - "it's a Secure Plus PS-66+". While this time the + may actually be a reliable descriptor, it remains to be seen just how meaningful it is except in the minds of dealers. So would a 664 or 663 graded coin get a -66? No. The idea is to "unlock the value" of coins in the high end of a grade, as PCGS put it. So it only confers a + to the grade. To correct one error in my initial description, it does not apply to proof grades. Only grades EF-45 to MS-68 are eligible. For some reason the low MS grades MS-60 and MS-61 are not eligible. There is no word yet on whether they will confer the BU+ or AU+ or Choice+ or Average Circulated + grades. :-) |
#24
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US Mint come through
"Bruce Remick" wrote in message ... "note.boy" wrote in message ... "Bruce Remick" wrote in message ... "mazorj" wrote in message ... "EricBabula" wrote in message ... On Apr 8, 3:30 pm, "Scurvy Dog" wrote: I rec'd my War Vets and Boy Scout BU dollars within 10 days of ordering them. Both appear to be MS70, since I can't seem to spot a single flaw on them under 10X magnifcation. Well done, US Mint. Hurry! Get them to PCGS right away! And be sure to ask for their new zooper-dooper Secure Plus slabbing. According to the item in this week's Coin World, this is an interesting development. The Secure Plus coin gets a hi-def scan that's detailed enough to serve as a unique fingerprint for each individual coin. Grading is largely tied to the scan, not to fallible human eyes squinting through a magnifier. If a previously submitted Secure Plus coin is cracked out and sent again for grading, they tie the new scan to the scan from the coin's previous submission. It automatically will get the same grade as the last time. If PCGS is to be believed, by taking much of the human element out of grading and by databasing the scans, this will help put an end to human-error grade inflation, repeated crack-out submissions in the hope of getting lucky with a higher grade, and it can identify any changes or cleaning/toning treatments affecting the surface after the coin was previously submitted and scanned. This could go a long way toward the goal of bringing more law and order to the grading process. (It also may put the CAC sticker people out of a job.) However, it's also going to intensify the price differentials for hair-splitting variations within a grade. They claim that the scan will positively and accurately separate specimens within the 10-point range for each grade, allowing the grader to more accurately assign the coin to the low, medium, or high range of any given grade. For example, a specimen of a PS-66 could score from 660 to 669. Those scoring at 668 will be graded PS-66+ whereas a 665 specimen will only get a plain PS-66. Human graders cannot always accurately grade down to the 3rd digit whereas the scanner supposedly can. So sellers of slabs with a + grade will have yet another marketing ballyhoo to add to their blurbs - "it's a Secure Plus PS-66+". While this time the + may actually be a reliable descriptor, it remains to be seen just how meaningful it is except in the minds of dealers. Kinda makes one feel nostalgic for Good-Fine-Unc and even Choice BU-Gem BU. Or my personal precision favorite-- Avg Circ, especially when applied to 19th century coins. Move to the UK then. :-) Billy Where coins are Avg Circ? Actually, I think I would enjoy (a return to) the UK's grading system, although I'd probably have to get rid of my slabbed US coins if I moved there. Plus, they've got us scared about the prospect of a VAT here. I should wait until that's settled before any move. Plus, there's the cat. It is still possible, occasionally, to see coins described as average circulated. The UK's sole slabbing company uses a 100 point system so are ahead of the US. VAT here started at 8% and it's now 17.5%, shocking. Billy |
#25
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US Mint come through
note.boy wrote:
"Bruce Remick" wrote in message ... "note.boy" wrote in message ... "Bruce Remick" wrote in message ... "mazorj" wrote in message ... "EricBabula" wrote in message ... On Apr 8, 3:30 pm, "Scurvy Dog" wrote: I rec'd my War Vets and Boy Scout BU dollars within 10 days of ordering them. Both appear to be MS70, since I can't seem to spot a single flaw on them under 10X magnifcation. Well done, US Mint. Hurry! Get them to PCGS right away! And be sure to ask for their new zooper-dooper Secure Plus slabbing. According to the item in this week's Coin World, this is an interesting development. The Secure Plus coin gets a hi-def scan that's detailed enough to serve as a unique fingerprint for each individual coin. Grading is largely tied to the scan, not to fallible human eyes squinting through a magnifier. If a previously submitted Secure Plus coin is cracked out and sent again for grading, they tie the new scan to the scan from the coin's previous submission. It automatically will get the same grade as the last time. If PCGS is to be believed, by taking much of the human element out of grading and by databasing the scans, this will help put an end to human-error grade inflation, repeated crack-out submissions in the hope of getting lucky with a higher grade, and it can identify any changes or cleaning/toning treatments affecting the surface after the coin was previously submitted and scanned. This could go a long way toward the goal of bringing more law and order to the grading process. (It also may put the CAC sticker people out of a job.) However, it's also going to intensify the price differentials for hair-splitting variations within a grade. They claim that the scan will positively and accurately separate specimens within the 10-point range for each grade, allowing the grader to more accurately assign the coin to the low, medium, or high range of any given grade. For example, a specimen of a PS-66 could score from 660 to 669. Those scoring at 668 will be graded PS-66+ whereas a 665 specimen will only get a plain PS-66. Human graders cannot always accurately grade down to the 3rd digit whereas the scanner supposedly can. So sellers of slabs with a + grade will have yet another marketing ballyhoo to add to their blurbs - "it's a Secure Plus PS-66+". While this time the + may actually be a reliable descriptor, it remains to be seen just how meaningful it is except in the minds of dealers. Kinda makes one feel nostalgic for Good-Fine-Unc and even Choice BU-Gem BU. Or my personal precision favorite-- Avg Circ, especially when applied to 19th century coins. Move to the UK then. :-) Billy Where coins are Avg Circ? Actually, I think I would enjoy (a return to) the UK's grading system, although I'd probably have to get rid of my slabbed US coins if I moved there. Plus, they've got us scared about the prospect of a VAT here. I should wait until that's settled before any move. Plus, there's the cat. It is still possible, occasionally, to see coins described as average circulated. Around here, that usually translates as "worn within an inch of their lives." The UK's sole slabbing company uses a 100 point system so are ahead of the US. Hmm, I'm not so sure I'd classify that as "ahead." VAT here started at 8% and it's now 17.5%, shocking. Billy Gotta pay for that thing that some people refer to as "socialism", no? James the Politician |
#26
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US Mint come through
"note.boy" wrote in message ... "Bruce Remick" wrote in message ... "note.boy" wrote in message ... "Bruce Remick" wrote in message ... "mazorj" wrote in message ... "EricBabula" wrote in message ... On Apr 8, 3:30 pm, "Scurvy Dog" wrote: I rec'd my War Vets and Boy Scout BU dollars within 10 days of ordering them. Both appear to be MS70, since I can't seem to spot a single flaw on them under 10X magnifcation. Well done, US Mint. Hurry! Get them to PCGS right away! And be sure to ask for their new zooper-dooper Secure Plus slabbing. According to the item in this week's Coin World, this is an interesting development. The Secure Plus coin gets a hi-def scan that's detailed enough to serve as a unique fingerprint for each individual coin. Grading is largely tied to the scan, not to fallible human eyes squinting through a magnifier. If a previously submitted Secure Plus coin is cracked out and sent again for grading, they tie the new scan to the scan from the coin's previous submission. It automatically will get the same grade as the last time. If PCGS is to be believed, by taking much of the human element out of grading and by databasing the scans, this will help put an end to human-error grade inflation, repeated crack-out submissions in the hope of getting lucky with a higher grade, and it can identify any changes or cleaning/toning treatments affecting the surface after the coin was previously submitted and scanned. This could go a long way toward the goal of bringing more law and order to the grading process. (It also may put the CAC sticker people out of a job.) However, it's also going to intensify the price differentials for hair-splitting variations within a grade. They claim that the scan will positively and accurately separate specimens within the 10-point range for each grade, allowing the grader to more accurately assign the coin to the low, medium, or high range of any given grade. For example, a specimen of a PS-66 could score from 660 to 669. Those scoring at 668 will be graded PS-66+ whereas a 665 specimen will only get a plain PS-66. Human graders cannot always accurately grade down to the 3rd digit whereas the scanner supposedly can. So sellers of slabs with a + grade will have yet another marketing ballyhoo to add to their blurbs - "it's a Secure Plus PS-66+". While this time the + may actually be a reliable descriptor, it remains to be seen just how meaningful it is except in the minds of dealers. Kinda makes one feel nostalgic for Good-Fine-Unc and even Choice BU-Gem BU. Or my personal precision favorite-- Avg Circ, especially when applied to 19th century coins. Move to the UK then. :-) Billy Where coins are Avg Circ? Actually, I think I would enjoy (a return to) the UK's grading system, although I'd probably have to get rid of my slabbed US coins if I moved there. Plus, they've got us scared about the prospect of a VAT here. I should wait until that's settled before any move. Plus, there's the cat. It is still possible, occasionally, to see coins described as average circulated. The confusion lies though as to what one might expect an 1860 penny advertised as avg circ to look like. The UK's sole slabbing company uses a 100 point system so are ahead of the US. Then that's not what I expected. I was nostalgia for those simple word descriptions without the 100 levels of grading criteria. It's a bit ironic that these basic descriptions were in common useage before photos of coins were included in dealer ads. Now that detailed digital photography and web sites are available to most every collector, we apparently need 70 or 100 grade levels to describe a coin. I would have thought the 100 grade levels would have been more descriptive and useful 50 years ago. VAT here started at 8% and it's now 17.5%, shocking. Billy Even moreso if one also must pay income taxes, local taxes, and whatever other taxes and fees are peculiar to each country. |
#27
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US Mint come through
On Apr 11, 9:23*am, "mazorj" wrote:
"sgt23" wrote in message ... On Apr 9, 5:07 pm, "mazorj" wrote: "EricBabula" wrote in message ... On Apr 8, 3:30 pm, "Scurvy Dog" wrote: I rec'd my War Vets and Boy Scout BU dollars within 10 days of ordering them. Both appear to be MS70, since I can't seem to spot a single flaw on them under 10X magnifcation. Well done, US Mint. Hurry! Get them to PCGS right away! And be sure to ask for their new zooper-dooper Secure Plus slabbing. According to the item in this week's Coin World, this is an interesting development. The Secure Plus coin gets a hi-def scan that's detailed enough to serve as a unique fingerprint for each individual coin. Grading is largely tied to the scan, not to fallible human eyes squinting through a magnifier. If a previously submitted Secure Plus coin is cracked out and sent again for grading, they tie the new scan to the scan from the coin's previous submission. It automatically will get the same grade as the last time. If PCGS is to be believed, by taking much of the human element out of grading and by databasing the scans, this will help put an end to human-error grade inflation, repeated crack-out submissions in the hope of getting lucky with a higher grade, and it can identify any changes or cleaning/toning treatments affecting the surface after the coin was previously submitted and scanned. This could go a long way toward the goal of bringing more law and order to the grading process. (It also may put the CAC sticker people out of a job.) However, it's also going to intensify the price differentials for hair-splitting variations within a grade. They claim that the scan will positively and accurately separate specimens within the 10-point range for each grade, allowing the grader to more accurately assign the coin to the low, medium, or high range of any given grade. For example, a specimen of a PS-66 could score from 660 to 669. Those scoring at 668 will be graded PS-66+ whereas a 665 specimen will only get a plain PS-66. Human graders cannot always accurately grade down to the 3rd digit whereas the scanner supposedly can. So sellers of slabs with a + grade will have yet another marketing ballyhoo to add to their blurbs - "it's a Secure Plus PS-66+".. While this time the + may actually be a reliable descriptor, it remains to be seen just how meaningful it is except in the minds of dealers. So would a 664 or 663 graded coin get a *-66? No. *The idea is to "unlock the value" of coins in the high end of a grade, as PCGS put it. *So it only confers a + to the grade. To correct one error in my initial description, it does not apply to proof grades. *Only grades EF-45 to MS-68 are eligible. *For some reason the low MS grades MS-60 and MS-61 are not eligible. There is no word yet on whether they will confer the BU+ or AU+ or Choice+ or Average Circulated + grades. *:-) So we shall see! |
#28
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US Mint come through
"mazorj" wrote in message ... "sgt23" wrote in message ... On Apr 9, 5:07 pm, "mazorj" wrote: "EricBabula" wrote in message ... On Apr 8, 3:30 pm, "Scurvy Dog" wrote: I rec'd my War Vets and Boy Scout BU dollars within 10 days of ordering them. Both appear to be MS70, since I can't seem to spot a single flaw on them under 10X magnifcation. Well done, US Mint. Hurry! Get them to PCGS right away! And be sure to ask for their new zooper-dooper Secure Plus slabbing. According to the item in this week's Coin World, this is an interesting development. The Secure Plus coin gets a hi-def scan that's detailed enough to serve as a unique fingerprint for each individual coin. Grading is largely tied to the scan, not to fallible human eyes squinting through a magnifier. If a previously submitted Secure Plus coin is cracked out and sent again for grading, they tie the new scan to the scan from the coin's previous submission. It automatically will get the same grade as the last time. If PCGS is to be believed, by taking much of the human element out of grading and by databasing the scans, this will help put an end to human-error grade inflation, repeated crack-out submissions in the hope of getting lucky with a higher grade, and it can identify any changes or cleaning/toning treatments affecting the surface after the coin was previously submitted and scanned. This could go a long way toward the goal of bringing more law and order to the grading process. (It also may put the CAC sticker people out of a job.) However, it's also going to intensify the price differentials for hair-splitting variations within a grade. They claim that the scan will positively and accurately separate specimens within the 10-point range for each grade, allowing the grader to more accurately assign the coin to the low, medium, or high range of any given grade. For example, a specimen of a PS-66 could score from 660 to 669. Those scoring at 668 will be graded PS-66+ whereas a 665 specimen will only get a plain PS-66. Human graders cannot always accurately grade down to the 3rd digit whereas the scanner supposedly can. So sellers of slabs with a + grade will have yet another marketing ballyhoo to add to their blurbs - "it's a Secure Plus PS-66+". While this time the + may actually be a reliable descriptor, it remains to be seen just how meaningful it is except in the minds of dealers. So would a 664 or 663 graded coin get a -66? No. The idea is to "unlock the value" of coins in the high end of a grade, as PCGS put it. So it only confers a + to the grade. To correct one error in my initial description, it does not apply to proof grades. Only grades EF-45 to MS-68 are eligible. For some reason the low MS grades MS-60 and MS-61 are not eligible. I just can't picture an MS60+ or MS61+ coin. If only we could make those grades disappear into the AU59 category. |
#29
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US Mint come through
On Apr 12, 1:07*pm, "Bruce Remick" wrote:
"mazorj" wrote in message ... "sgt23" wrote in message .... On Apr 9, 5:07 pm, "mazorj" wrote: "EricBabula" wrote in message .... On Apr 8, 3:30 pm, "Scurvy Dog" wrote: I rec'd my War Vets and Boy Scout BU dollars within 10 days of ordering them. Both appear to be MS70, since I can't seem to spot a single flaw on them under 10X magnifcation. Well done, US Mint. Hurry! Get them to PCGS right away! And be sure to ask for their new zooper-dooper Secure Plus slabbing. According to the item in this week's Coin World, this is an interesting development. The Secure Plus coin gets a hi-def scan that's detailed enough to serve as a unique fingerprint for each individual coin. Grading is largely tied to the scan, not to fallible human eyes squinting through a magnifier. If a previously submitted Secure Plus coin is cracked out and sent again for grading, they tie the new scan to the scan from the coin's previous submission. It automatically will get the same grade as the last time. If PCGS is to be believed, by taking much of the human element out of grading and by databasing the scans, this will help put an end to human-error grade inflation, repeated crack-out submissions in the hope of getting lucky with a higher grade, and it can identify any changes or cleaning/toning treatments affecting the surface after the coin was previously submitted and scanned. This could go a long way toward the goal of bringing more law and order to the grading process. (It also may put the CAC sticker people out of a job.) However, it's also going to intensify the price differentials for hair-splitting variations within a grade. They claim that the scan will positively and accurately separate specimens within the 10-point range for each grade, allowing the grader to more accurately assign the coin to the low, medium, or high range of any given grade. For example, a specimen of a PS-66 could score from 660 to 669. Those scoring at 668 will be graded PS-66+ whereas a 665 specimen will only get a plain PS-66. Human graders cannot always accurately grade down to the 3rd digit whereas the scanner supposedly can. So sellers of slabs with a + grade will have yet another marketing ballyhoo to add to their blurbs - "it's a Secure Plus PS-66+". While this time the + may actually be a reliable descriptor, it remains to be seen just how meaningful it is except in the minds of dealers. So would a 664 or 663 graded coin get a *-66? No. *The idea is to "unlock the value" of coins in the high end of a grade, as PCGS put it. *So it only confers a + to the grade. To correct one error in my initial description, it does not apply to proof grades. *Only grades EF-45 to MS-68 are eligible. *For some reason the low MS grades MS-60 and MS-61 are not eligible. I just can't picture an MS60+ or MS61+ coin. *If only we could make those grades disappear into the AU59 category. Someone would probably change AU-59 (I've never seen a AU-59) to MS-59 and then system would be screwed up more than it already. But I don't really have any better Ideal. So I'll end it at this. |
#30
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US Mint come through
On Apr 13, 4:29*am, sgt23 wrote:
On Apr 12, 1:07*pm, "Bruce Remick" wrote: "mazorj" wrote in message ... "sgt23" wrote in message .... On Apr 9, 5:07 pm, "mazorj" wrote: "EricBabula" wrote in message .... On Apr 8, 3:30 pm, "Scurvy Dog" wrote: I rec'd my War Vets and Boy Scout BU dollars within 10 days of ordering them. Both appear to be MS70, since I can't seem to spot a single flaw on them under 10X magnifcation. Well done, US Mint. Hurry! Get them to PCGS right away! And be sure to ask for their new zooper-dooper Secure Plus slabbing. According to the item in this week's Coin World, this is an interesting development. The Secure Plus coin gets a hi-def scan that's detailed enough to serve as a unique fingerprint for each individual coin. Grading is largely tied to the scan, not to fallible human eyes squinting through a magnifier. If a previously submitted Secure Plus coin is cracked out and sent again for grading, they tie the new scan to the scan from the coin's previous submission. It automatically will get the same grade as the last time. If PCGS is to be believed, by taking much of the human element out of grading and by databasing the scans, this will help put an end to human-error grade inflation, repeated crack-out submissions in the hope of getting lucky with a higher grade, and it can identify any changes or cleaning/toning treatments affecting the surface after the coin was previously submitted and scanned. This could go a long way toward the goal of bringing more law and order to the grading process. (It also may put the CAC sticker people out of a job.) However, it's also going to intensify the price differentials for hair-splitting variations within a grade. They claim that the scan will positively and accurately separate specimens within the 10-point range for each grade, allowing the grader to more accurately assign the coin to the low, medium, or high range of any given grade. For example, a specimen of a PS-66 could score from 660 to 669. Those scoring at 668 will be graded PS-66+ whereas a 665 specimen will only get a plain PS-66. Human graders cannot always accurately grade down to the 3rd digit whereas the scanner supposedly can. So sellers of slabs with a + grade will have yet another marketing ballyhoo to add to their blurbs - "it's a Secure Plus PS-66+". While this time the + may actually be a reliable descriptor, it remains to be seen just how meaningful it is except in the minds of dealers. So would a 664 or 663 graded coin get a *-66? No. *The idea is to "unlock the value" of coins in the high end of a grade, as PCGS put it. *So it only confers a + to the grade. To correct one error in my initial description, it does not apply to proof grades. *Only grades EF-45 to MS-68 are eligible. *For some reason the low MS grades MS-60 and MS-61 are not eligible. I just can't picture an MS60+ or MS61+ coin. *If only we could make those grades disappear into the AU59 category. Someone would probably change AU-59 (I've never seen a AU-59) to MS-59 and then system would be screwed up more than it already. But I don't really have any better Ideal. So I'll end it at this. Someone would probably change AU-59 (I've never seen a AU-59) to MS-59 and then the system would be screwed up more than it is already. But I don't really have any better Ideal's. So I'll end it at this. |
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