You Vs PCGS - 1865 Lsd - My Most Expensive Purchase Ever

I've got a decision to make unless the MS63 on the slab is as good as it's going to get for this coin. The entire CCF has this at an avg grade of 64PL. The scratches are on the coin not the holder and I've been told by a hall of fame numismatist that those are die scratches not PMD. He says PCGS got it wrong but has not encouraged a resubmit. The only place I might send it is CAC.

Sorry if I misled anyone, $3000 purchases in my house after I've said no to spending that amount on a week in myrtle beach can lead to divorce.

Thanks the encouragement and kind words from each of you. You've justified my owning this coin after I forced my wife to read what the experts wrote. She actually thinks I know what I'm doing now which means easier investment spends in the future!

Fantastic coin!!
Congrats!

I've seen some coins other than Morgans with PL designations before in PCGS slabs. I really missed the mark on this one, I thought it would be way higher up there! I think the fact it's not a proof, dsfreeworld mentioned divorce from the price, the photo is a bit soft in focus, and I had been up for 30 hours straight really got me, at least I wasn't spending my money on it at the time

A really nice coin $3K does seem a bit one the high side for a MS63 example, is it CAC by chance? Long term hold I think you'll do fine though.

Fair enough. Given the absolute rarity of this issue in any Mint State grade - the price of an MS63 will buy virtually any 1865 Proof, much less a higher Mint State grade - I'm assuming that the TPG will subject the coin to the most rigorous of observation before declaring it a Business Strike. Given the combined total mintage of only 10,500 I'm expecting they all came from the same die pair, so die characteristics are out. One then closely examines the differences which make a Proof - sharpness of the rim, filling of the deepest and most complex device details, the like.

Here's a comparison. Below are two 1865's one MS and one PR, both 66's. Kinda obvious - not even considering the finish - which is the Proof, eh? Look at strike details.

Oh, wow.

I would have guessed PR64 by the looks of it.

Even after knowing it's a business strike I'd say MS64PL.

For 3K$, I think you got a great deal, and I'd definitely submit it to CAC if not for a regrade/crossover.

It's a lovely coin.
Do I sense that might be changing? :)
BTW, I'd be afraid to resubmit and have it come back PR. I think when it comes time to sell, quality photos (and a good sales pitch) at a place like Heritage would get bidders, like the posters here, to see it as undergraded. Let the coin sell itself, in my humble opinion.

I'm new to this CAC thing, so forgive me for distracting this thread, but for this particular coin what does CAC do for you? Verify that it's not PR?

CAC will confirm it is not a proof and apply a sticker if it is solid for the assigned grade. If CAC feels it is undergraded and a lock for upgrade if re-submitted, they will apply a gold sticker.