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Mexico five centavos

Started by Westwood Arms,

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Westwood Arms

Westwood Arms

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I collect Mexico five centavos 1905-1935. Looking at the census for these coins, there are none graded MS 60. Plenty of AU 58 and MS 61 etc. but no 60s.

 

I have the highest respect for NGC grading, but the lack of MS 60 coins is statistically impossible.

 

What is the reason for this anomaly?

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Max Spiegel

Max Spiegel

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Thank you for the question.

 

The absence of Mexico 5 centavos graded MS60 is not an anomaly -- in fact, you will see similar grade distributions for many other series (US or World). MS60 is actually a very uncommon grade. In order for a coin to be graded MS60 it would have to be very heavily abraded yet still show no signs of handling. That's pretty unusual, especially for a coin composed of nickel, as nickel is a fairly hard metal.

 

Check out the population for Morgan dollars, for example. We have graded more than 2 million Morgan dollars yet only 6,000 of these are MS60.

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