Is PCGS grading for 2005-P Sacagawea MS67 correct?

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dsnorthern
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Is PCGS grading for 2005-P Sacagawea MS67 correct?

#1 Unread post by dsnorthern »

Hello I'm Dave and this is my first post so please kindly point me in the right direction if I goof up here. I'm a newbie, but I'll do my best to learn quickly.

Background: I inherited a collection from my father's estate that I've slowly been sorting through for a year now. One group is rolls of Sacagaweas (2001 P, 2002 P, 2003 P, 2005 P, etc.) Just looking at them I'd say they are relatively untarnished but not what I'd call "mint". However when I go to PCGS/prices/detail/sacagawea-dollar/ and compare mine with what they have pictured for Regular strike 2005-P MS68 which they have valued at 1,000, I can't believe this is correct.

Now I have no illusions that I have rolls of coins valued at $1,000/each, but what's going on here? Can someone take a look at the examples on PCGS and let me know if I'm misinterpreting things? As is I'm ready to hand these out to the kids, but I just want to understand. The example coins for MS67 and MS68 look circulated and tarnished to me, especially around the edges. Here's the link: https://www.pcgs.com/coinfacts/coin/2005-p-sac-1/15020.

Before I make an effort to post a picture for the group, can someone kindly provide some feedback so I don't waste everyone's time?

Thank you!

Dave

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Re: Is PCGS grading for 2005-P Sacagawea MS67 correct?

#2 Unread post by Paul »

Welcome

I don't think it's possible to tell you what you have without seeing an image
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Re: Is PCGS grading for 2005-P Sacagawea MS67 correct?

#3 Unread post by Triple C »

Hi Dave...You are not misinterpreting, the jump from MS67 to MS68 does go from $40 to $1,000. However, did you notice the number of populations with those grades, 371 to 11. That is a significant difference. From all 2005-P Sacagawea coins submitted only 11 have graded MS68 and 1 MS69. Your coins may appear to look the same, but their is no guarantee they will grade the same...JMO

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Re: Is PCGS grading for 2005-P Sacagawea MS67 correct?

#4 Unread post by Daniel »

You must post an image of YOUR coin, no exceptions. Thanks

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Re: Is PCGS grading for 2005-P Sacagawea MS67 correct?

#5 Unread post by Earle42 »

Graded coins will only bring high prices if the coins have been labeled/slabbed at a high enough grade.

The numbers of each coin actually slabbed in a grade high enough to bring a tremendous value vs."normal" specimens of the same coin, are very rare.

Grading companies also sponsor what are called registry sets online. In short collectors register their slabbed sets online, a sort of competition is therefore set up with people trying to get the highest graded slabs in their own sets, and so the prices of highly graded coins is driven upwards.

Another thing you must know is that you can break out a coin with, let's say, an MS68 grade, send it in to the same grading company, and it is never guaranteed to be an MS68 again. It could come back in a higher or lower grade b/c there is nothing scientific about the process. Grading is all about the opinion of the people doing the grading that day at that time.

Watch Daniel's recent video on the ANACs grading he got back on some Morgans. It ill give you a good idea to make educated decisions concerning using slabbing companies. Not even people who KNOW what they doing with years of experience can know what a company will grade their coins as.

Read the link about NO FG halves in my post to get a better idea of the product these companies actually put out nowadays.

I know all this sounds very negative towards slabbed coins. I do not like the fact a lot of people have lost thousands (again see the link) on the companies not living up to what they claim.

Now, I also will say if someone enjoys slabs, and they enjoy the registry sets, then there certainly is nothing negative about collecting slabs either. Hobbies are about having fun and if someone enjoys slabs, then this is how they have fun - all the more power to them.
Common grading company shortcomings & resulting co$tly mi$take$ to collectors (using Kennedy No FG halves):
https://tinyurl.com/y7rksxu8

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