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  #21  
Old April 11th 10, 09:18 AM posted to rec.collecting.coins
sgt23
external usenet poster
 
Posts: 816
Default 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?
Ads
  #22  
Old April 11th 10, 09:24 AM posted to rec.collecting.coins
sgt23
external usenet poster
 
Posts: 816
Default 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  
Old April 11th 10, 02:23 PM posted to rec.collecting.coins
mazorj
external usenet poster
 
Posts: 1,169
Default 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  
Old April 11th 10, 09:54 PM posted to rec.collecting.coins
note.boy
external usenet poster
 
Posts: 2,418
Default 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  
Old April 11th 10, 10:52 PM posted to rec.collecting.coins
Mr. Jaggers
external usenet poster
 
Posts: 5,523
Default 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  
Old April 12th 10, 01:54 AM posted to rec.collecting.coins
Bruce Remick
external usenet poster
 
Posts: 3,391
Default 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  
Old April 12th 10, 04:36 AM posted to rec.collecting.coins
sgt23
external usenet poster
 
Posts: 816
Default 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  
Old April 12th 10, 06:07 PM posted to rec.collecting.coins
Bruce Remick
external usenet poster
 
Posts: 3,391
Default 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  
Old April 13th 10, 09:29 AM posted to rec.collecting.coins
sgt23
external usenet poster
 
Posts: 816
Default 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  
Old April 13th 10, 10:14 AM posted to rec.collecting.coins
sgt23
external usenet poster
 
Posts: 816
Default 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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