What Is an MS 70 Coin Grade and What Does It Mean?
Understand the elusive standard of MS 70, the pinnacle of coin grading, and its profound implications for value and collecting.
Coin grading provides a standardized method for evaluating a coin’s condition, directly influencing its market value. The system employs a 70-point scale, where higher numbers indicate better preservation and fewer imperfections. MS 70 represents the pinnacle of quality, signifying a coin in flawless condition. Understanding this designation is important for collectors and those interested in numismatics.
Understanding the MS 70 Grade
The designation “MS 70” stands for “Mint State 70,” indicating a coin in perfect condition as it left the minting facility. “Mint State” applies to coins produced for general circulation that have never been used or exposed to wear. The “70” signifies the highest numerical grade on the Sheldon Scale, which ranges from 1 to 70. An MS 70 coin exhibits no visible flaws or imperfections, even under 5x magnification.
A coin achieving this grade must possess a perfect strike, vibrant original luster, and unblemished surface preservation. It should show no signs of scratches, nicks, contact marks, or wear. The condition implies perfection “as struck,” meaning minor production defects that do not negatively impact eye appeal are permissible, but no post-production flaws. Achieving this level of perfection is rare, particularly for older coins handled more extensively after minting.
The Coin Grading Process
Professional third-party grading services assign coin grades, ensuring consistency and impartiality within the market. Organizations like the Professional Coin Grading Service (PCGS) and Numismatic Guaranty Corporation (NGC) are recognized for their meticulous evaluation processes. Expert graders examine each coin under specific lighting and magnification to assess its condition.
They scrutinize various criteria to determine if a coin qualifies for the MS 70 grade. These criteria include the quality of the coin’s surface, looking for the complete absence of nicks, scratches, or hairlines. The crispness of the strike, the originality and vibrancy of the coin’s luster, and its overall eye appeal are also evaluated. Grading is a standardized process, often involving multiple expert graders and a finalizer to reach a consensus grade. This rigorous approach ensures that only coins meeting strict standards receive the MS 70 designation.
Significance of an MS 70 Coin
MS 70 coins are highly sought after by collectors and investors due to their unparalleled condition. This flawless status often commands a significant premium compared to coins graded even slightly lower, such as MS 69. The rarity of finding a coin in such pristine condition contributes to its desirability and higher market value.
For many, owning an MS 70 coin represents the highest achievement in a collection, often referred to as a “top population” coin if very few exist at that grade. Professional grading and encapsulation by third-party services provide assurance of authenticity and condition. This certification enhances the coin’s liquidity, making it easier to buy and sell. While MS 70 coins can represent a sound investment due to their quality and scarcity, their value also depends on factors like the coin’s inherent rarity and market demand.