UNDERSTANDING AU58
The coin below is an PCGS graded AU-58 1972 DDO LMC.
Compare this to this 1974D that I found in a customer roll I purchased from a bank.
If the highest grade available to circulated coins is AU-58, I think that means that the 1974D I found at the bank will be graded the same (AU-58) as the 1972 LMC in the first photo. If you compare the clarity and details of these two coins, the 1974D is of a significantly higher quality. This begs the question, is the 1972 over-graded or does the AU-58 grade have that large of a quality range.
UPDATE - so based on my friends over at coin community forums:
1. The 1972 is potentially overgraded - more along the lines of an AU-55.
2. Just because a coin is found in a blended roll @ a bank does not automatically disqualify it as Mint State (MS) quality. The initial guess was that the 1974D above is actually around MS-62 in grade.
Potential Error Varieties
1982 DDO
1972 DDO
1970S DDO/RPM [DATE/MM]
1970S DDO [IN GOD]
1969S DDO
UPDATE - This is a clear case of machine doubling (MD) or strike doubling. Notice how the double takes away from the details, is shelf like, all in the same direction, and both the date and mint mark show the effect. These are all clear signs of MD.
1961D RPM
1961D DDR
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