TGS and resistance to upgrade rarities

[JIM F.]

Here's a very rare coin, that I am sure is undergraded. It is currently PCGS MS-xx DMPL.

 

What do you think it should be graded?

 

[James_OldeTowne]

Those images are tough to interpret, but I'd guess MS-62.

[MarkFeld]

It looks somewhere between 58 and 62 to me. But I disagree that the TPGS would be resistant to upgrading such a coin if it were deserving.

[noow]

Best-63

Worst-58

[mtnstyne]

My initial gut feeling was MS65.

[noow]

Ok, maybe 64

[RWB]

11-7/8

[JIM F.]

PCGS price guide in DMPL is $10,000 in MS-62, $19,500 in MS-63, $45,000 in MS-64

[Coindude]

I'm in the 60-63 range. Unfortunately, a coin with such nice mirrors shows the defects that much better.

[MarkFeld]

PCGS price guide in DMPL is $10,000 in MS-62, $19,500 in MS-63, $45,000 in MS-64

So what? They have upgraded numerous coins for which the increased "value" far exceeded that. Case in point - some of the coins from the King of Siam 1804/1834 proof set.

[noow]

I'm in the 60-63 range. Unfortunately, a coin with such nice mirrors shows the defects that much better.

 

True

[JIM F.]

It's encased in a MS-62 DMPL

[coinman_23885]

I would guess MS62 DMPL, but wouldn't be overly surprised to see this in a 63 holder.

 

EDITED TO ADD: I didn't see that the grade had already been posted. I feel that the piece is properly graded, and I don't see an issue with the grade at all.

 

[physics-fan3.14]

I'm not against the 62 grade. Judging from those pictures, I wouldn't be surprised if it came back 63 with enough resubmissions, but isn't that what gradeflation is? A properly graded 62 with a chance at 63 is submitted until it comes back as a weak 63.

 

Send it to CAC and get a bean, and leave it at that.

[RWB]

What is an "upgrade rarity?"

[physics-fan3.14]

What is an "upgrade rarity?"

 

I believe here "upgrade" is being used as a verb.

[noow]

TO upgrade the rarity

[Walkerfan]

I would have also said MS 62 DMPL. I think that they are correct.

 

It is an exceptional DMPL example but has sufficient baggies to not grade any higher than MS 62, IMHO.

[RWB]

...and by "TGS" is meant: "third party grading service?"

 

A grading service does not establish "rarity;" that is a product of availability and demand.

 

Sorry to be a stick-in-the-mud, but this all sounds like another potential coin collector getting snared by the "Great Kahn" of independent coin grading and pseudo-rarity.

 

[i'd best skip this thread.]

[noow]

tPgs

[MarkFeld]

...and by "TGS" is meant: "third party grading service?"

 

A grading service does not establish "rarity;" that is a product of availability and demand.

 

Sorry to be a stick-in-the-mud, but this all sounds like another potential coin collector getting snared by the "Great Kahn" of independent coin grading and pseudo-rarity.

 

[i'd best skip this thread.]

Actually, in a number of instances, grading companies do establish "rarity" of certain coins at particular "certified" grade levels. For example, if there is even an unofficial quota for awarding the grade PF70 to various modern issues. Or even particularly high grades (such as MS68) to assorted classic issues.