Anyone Else Think This One Has Been Cleaned? PCGS

I've seen cleaned CBH's in graded PCGS holders, so it really does reaffirm the statement "buy the coin, not the holder".

LogPotato, you and I would get along well together. To me a dipped coin is an altered coin. For instance, and to the consternation of many I assume, I consider none of the Central America gold to be truly MS. It was subject to a chemical cleaning process after recovery, not much different than dipping a coin. At best the coins are AU. Did I buy one? Yes, but I bought a nice looking correctly graded AU double eagle that is not exhibiting the hazed look due to the cleaning process.
This 1895-S Morgan is an example of yet another coin destroyed by dipping.

A local brick and mortar shop has a counterfeit IHC that was graded
and slabbed by PCGS. It is on display in the shop...

It's a circulated coin with white surfaces, that's qualitative enough for me.

It may not have been cleaned. Hard to tell from pictures. It may have just been in a vault bag for a 100 years, then just passed around by collectors.

OP, I would say that it is probably dipped and most likely well circulated. Any TPG can make mistakes, they see thousands of coins at a time and don't have hours to pour over every coin.

Done right, you can't tell a coin has been dipped. Nobody in their right mind dips a circulated coin, although that's no guarantee this one hasn't. I just object to the idea of taking these images as Gospel regarding the surfaces, because they're not good enough.

There must be some "crazy" EAC dealers out there, then. While perhaps not a common practice, I have heard that some of them will "strip" an early copper, using silver dip, then retone the piece. Also, I hear tell that there's a most sought after restorer (cleaner) of early coppers on the west coast whose restorations command in the thousands from rare copper dealers. He's that good ...

IMHO, the 1895-S $1 has likely been dipped. Buy the coin, not the slab. To my thinking, the PCGS holder helps give some assurance of the coin being genuine, but that's about as far as it goes. They can err on the genuineness of a coin, too.

The great majority of our early coins have been "cleaned" or conserved in some way or another, these past hundred years or so. It's the obvious cleaning that typically commands our attention, methinks.

Dipped.... out. Market graded. The TPGs have a much higher tolerance level for better-date coins like that.

ET