NGC Grading % of coins on low mintage

[Bagenz]

The 2018 Dragon and Tiger proof has a mintage of 1500 coins, its only been out a couple of months and so far almost 53% have been graded 790/1500 also seems weird that exactly 300 of them are graded a 70 on first day of production.

The 70 on its own I think (hope) is mine

Just these numbers seem huge

 

[CadmiumGreen]

Quite possibly Modern Coin Mart  submitting a bulk grading order through NGC to get their “2018P Australia 1 oz Silver Tiger & Dragon $1 Coin NGC MS70 One of First 593 Struck” stock.

[kimchi]

Yes that first day of production pop looks like it must be wrong, a database mistake?

[augur]

9 minutes ago, kimchi said:

Yes that first day of production pop looks like it must be wrong, a database mistake?

Or the way bulk submission see preferential treatment?

[kimchi]

Just now, augur said:

Or the way bulk submission see preferential treatment?

I do believe the preferential treatment happens, but 100% of 300 coins is too suspicious/obvious isn't it, especially when the other submissions are almost 50%?

[kimchi]

@augur I gave an opinion, but that was an actual question as well! I would love to hear what others think who have far more knowledge than me on NGC pops

Is it possible that these figures are correct?

If so I would try to regrade a First day 70 as a 69, makes it the rarest one 

[augur]

30 minutes ago, kimchi said:

@augur Is it possible that these figures are correct?

I am not sure what kind of deal the bulk submitters have e.g. only 70s for the first day, allocate 69 to first releases and 68 and worse to Gem BU.

Also bear in mind that other mints put out better quality than the Royal Mint. 

And finally first/early releases get away with more – i have seen numerous Royal Mint proof Sovereigns and Queens Beasts in silver and gold that lack frosting and still get a PF70. 

[kimchi]

1 hour ago, augur said:

I am not sure what kind of deal the bulk submitters have e.g. only 70s for the first day, allocate 69 to first releases and 68 and worse to Gem BU.

Also bear in mind that other mints put out better quality than the Royal Mint. 

And finally first/early releases get away with more – i have seen numerous Royal Mint proof Sovereigns and Queens Beasts in silver and gold that lack frosting and still get a PF70. 

Aha, that would make perfect sense, many thanks!

[Bagenz]

On 22/08/2018 at 08:38, augur said:

Or the way bulk submission see preferential treatment?

Yip another anomaly 2017 Dragon and Pheonix 150/150 get a 70 marked on first day of release but the others are almost on 50% for69 and 70 for the other 29 graded.

Of course it is totally possible that a company handed them 300 coins and asked only for the first 150 that were a 70 and to return all those that dont meet the highest grade.

Just feels a little weird

[Fivepoundfred]

I saw a similar thing with a recent RM release of a Gold proof £5 that went to a US dealer, the first 50 all got a PF70 grade with a special designation, very mysterious bearing in mind i had to send mine back twice before i received one that had any chance of a decent grade ?