Plus Graded Coins Seeing Better Premiums
PCGS Plus graded coins are being snapped up wherever they are offered and sometimes at a significant premium to regular grades. I talk to a lot of dealers and I’ve been made aware of many private transactions where a Plus graded coin has brought a large premium. To be completely objective and eliminate any doubt it is best if we look at a few public auction transactions to report what PCGS Plus grades have brought in sales…
When PCGS introduced Plus grading last March most people thought it was a good idea. We had been beseeched by collectors over the years to do something to recognize coins that were superior for the grade. Our Plus standards have been very strict and not many coins achieve this distinction. At first a lot of submitters who didn’t completely understand what it took to get a Plus were disappointed. You must remember that all aspects of a coin have to be superior to earn a Plus designation, it’s not just about eye-appeal. We projected that perhaps 10-15% of all the coins in a given grade might qualify for a Plus. This projection has proven to be very accurate.
PCGS Plus graded coins are being snapped up wherever they are offered and sometimes at a significant premium to regular grades. I talk to a lot of dealers and I’ve been made aware of many private transactions where a Plus graded coin has brought a large premium. To be completely objective and eliminate any doubt it is best if we look at a few public auction transactions to report what PCGS Plus grades have brought in sales.
The Bowers & Merena sale of November 2010 provides many examples of PCGS Plus graded coins selling. Here are just a few PCGS Plus coins from that sale:
| Coin | PCGS Grade | PCGS Price Guide | Auction Price Realized |
| 1855 1/2¢ | MS64+RD | $610 | $2,530 |
| 1909 VDB 1¢ | MS67+RD | $1,350 | $4,485 |
| 1909-S VDB 1¢ | MS66+RD | $17,500 | $28,175 |
| 1918 1¢ | MS66+RD | $2,000 | $4,830 |
| 1913 T1 5¢ | MS67+ | $1,000 | $2,128 |
| 1951-S 5¢ | MS66+FS | $1,300 | $2,703 |
| 1946 10¢ | MS67+FB | $1,000 | $3,105 |
| 1947 10¢ | MS67+FB | $575 | $3,565 |
| 1919-D 25¢ | MS66+FH | $80,000 | $109,250 |
| 1900 $1 Lafayette | MS64+ | $2,850 | $4,140 |
| 1952 50¢ Wash-Carver | MS66+ | $350 | $3,565 |
There are many other examples of PCGS Plus coins selling in this auction and in others. While PCGS Plus grading has not been around very long it is quite apparent that significant value is already being placed on this designation.
Where is the beef? Try looking at your PCGS Plus graded coins!
View full post on Coin Collecting News
Better, Coins, Graded, Plus, Premiums, Seeing
RSS Site Feed