New Find

[coppy]

Coppy-

This coin is about the grade in the PCGS holder. While most coins fresh from mint rolls are in the 63+ range, they start getting rarer and rarer above 65. There's a big difference between a 63 red and a 67 red. This is more the case with some years and mints than others. As it stands right now, 2010-D Lincoln Cents are scarce in grades of 67 and none have been graded by PCGS higher than that. PCGS book value on this coin is $2650. Pull out a roll or go pick up a roll of modern Lincolns and pay really close attention to the look; the luster, and the amount of contact marks. See how many of them you can find that are virtually without major contact marks and then you'll begin to see.

Thanks for the detailed explanation.
It's just that I find it hard to believe there are no other MS67+ 2010D's out there.

Now I'm tempted to crack open a few of my 2010D rolls.

[coppy]

Two points, First its the hits in the fields that are detrimental to a grade. Second, if you are grading by photographs, you will down grade just about every coin. And also remember, a PCGS grader looks at a coin 3 SECONDS.

WS

Does anyone know if this PCGS computer-aided method is being used as of now? :http://www.coingrading.com/compgrade1.html

[kloccwork419]

Why would you send back a coin you own asking for a lower grade?

This is why. http://www.pcgs.com/guarantee.html
If the grade determined under such "Guarantee Resubmission" procedures is lower than the grade originally assigned to the coin, or if the coin is found to be misattributed, non-authentic, PCGS shall pay the current market value for the coin in question at the originally assigned grade, or at the owner of the coin's option, the difference between the current market value for the coin in question at the newly established grade and the current market value of the coin in question at the grade originally assigned. PCGS will also refund the regrading fee and postage and insurance costs incurred by the coin owner in sending the coin to PCGS.

[Maineman750]

Jason hit the nail on the head...and sending it back now rather than later is the best way to get top dollar for this particular coin....if they lower the grade.

[flyhi3]

Before we go any farther, coppercents, can you tell us if the hits are on Abe's head or on the holder? I know they appear to be on the holder, but the OP's the only one who has the coin in hand.

[coppercoins]

Regardless of whether the big gashes are on the coin or holder...
Regardless of whether you play or care about the slabbing game at all...
Regardless of how scarce MS67 coins are for any issue...
Regardless of whether many more will be available in six months or six years...

a coin like this in a top grade PCGS holder only serves to hurt their reputation because they very clearly missed the actual grade of this coin. I have seen literally hundreds of coins from that issue that are nicer than that coin.

Anyone who likes can pay the moon money for the label to play the registry game, but I can guarantee you if that coin came out of the holder in that exact condition NOT ONE of those same people would give you anything over face value for that coin. Therein lies the problem with the whole mess. MANY of the "top-pop" players in the registry games know VERY LITTLE about how to grade coins, and of course the slabbing companies worship those people as the "true numismatists" of our time because the companies make a butt-load of money off those people. It's all about money, not about numismatics and the love and study of the hobby. Whomever has the most cash can own the highest numbers on labels.

I fail to comprehend much of that part of our hobby because of how it is run.

[willbrooks]

Regardless of whether the big gashes are on the coin or holder...
Regardless of whether you play or care about the slabbing game at all...
Regardless of how scarce MS67 coins are for any issue...
Regardless of whether many more will be available in six months or six years...

a coin like this in a top grade PCGS holder only serves to hurt their reputation because they very clearly missed the actual grade of this coin. I have seen literally hundreds of coins from that issue that are nicer than that coin.

Anyone who likes can pay the moon money for the label to play the registry game, but I can guarantee you if that coin came out of the holder in that exact condition NOT ONE of those same people would give you anything over face value for that coin. Therein lies the problem with the whole mess. MANY of the "top-pop" players in the registry games know VERY LITTLE about how to grade coins, and of course the slabbing companies worship those people as the "true numismatists" of our time because the companies make a butt-load of money off those people. It's all about money, not about numismatics and the love and study of the hobby. Whomever has the most cash can own the highest numbers on labels.

I fail to comprehend much of that part of our hobby because of how it is run.

You took the words out of my mouth. Thank you for this post.

[kloccwork419]

Them gashes and the markings all around in the field would keep me far from this coin

[kloccwork419]

Regardless of whether the big gashes are on the coin or holder...
Regardless of whether you play or care about the slabbing game at all...
Regardless of how scarce MS67 coins are for any issue...
Regardless of whether many more will be available in six months or six years...

a coin like this in a top grade PCGS holder only serves to hurt their reputation because they very clearly missed the actual grade of this coin. I have seen literally hundreds of coins from that issue that are nicer than that coin.

Anyone who likes can pay the moon money for the label to play the registry game, but I can guarantee you if that coin came out of the holder in that exact condition NOT ONE of those same people would give you anything over face value for that coin. Therein lies the problem with the whole mess. MANY of the "top-pop" players in the registry games know VERY LITTLE about how to grade coins, and of course the slabbing companies worship those people as the "true numismatists" of our time because the companies make a butt-load of money off those people. It's all about money, not about numismatics and the love and study of the hobby. Whomever has the most cash can own the highest numbers on labels.

I fail to comprehend much of that part of our hobby because of how it is run.

So what do you consider "a coin like this" if its not about the gashes? Other then the gashes and some blemishes that probably were picked up by the camera.

[evl1]

I THINK THIS GUY WORKS FOR PCGS

[coppercoins]

So what do you consider "a coin like this" if its not about the gashes? Other then the gashes and some blemishes that probably were picked up by the camera.

All the chatter in the fields - that alone brings the coin down to a 66. The gashes (which I can see are on the coin) - if noticeable enough in hand would bring the coin down to 65. And that's not even considering the reverse, which we cannot see.

All I can say is that my grading is far more conservative than what would be apparent from this coin. A 67, when photographed, should not have noticeable blemishes in the fields. A few light contact marks on the higher points, but clean fields and bright luster are a must.

And, by the way, I don't work for PCGS. If I did, they wouldn't be grading Lincoln cents like this one as MS67.

[admrose]

I THINK THIS GUY WORKS FOR PCGS

If he did, he wouldn't after they saw him posting in a public forum about their grading standards.

[GrumpyEd]

The other problem is that with zincolns even if a cent is truly a 67 Red (or 68-69-70) the odds are high that even in a holder for the next 1-20 years that it will develop a spot or something that will reduce the grade.

[mustbebob]

If he did, he wouldn't after they saw him posting in a public forum about their grading standards.

I hope you mean this as a joke. There is nothing wrong with what Chuck is saying about this coin. Everything is factual. If you have any time in the hobby, or any expertise in grading, then you would know that. If you can not say anything about what is clearly a missed grade by a top grading company that charges for a service and doesn't get it right, what would you suggest we do? Would you buy this coin as a MS67? If you would, then I have other stuff to sell you.

[Peter]

I THINK THIS GUY WORKS FOR PCGS

I think he was referring to the original poster and not Chuck.