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1898-P Morgan NGC MS-66

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Author Previous TopicReplies: 27 / Views: 2,814Next Topic Page 2 of 2
New Member
United States
16 Posts
 Posted 10/13/2016  5:47 pm  Show Profile   Bookmark this reply Add 4Consult to your friends list
Another thing I'll put out there is FMV rise for plus, star & cac designations. One must realize, there is no negative to FMV. In fact, when it comes to TPG's, I'll favor laboratory analysis any day over pictures or ones subjective opinion. Especially, when its backed up with a guarantee!
Pillar of the Community
Canada
4911 Posts
 Posted 10/13/2016  6:00 pm  Show Profile   Check thedollarman's eBay Listings Bookmark this reply Add thedollarman to your friends list

Quote:
I'll favor laboratory analysis any day over pictures or ones subjective opinion.


you realize PCGS and NGC arent laboratories right? they're literally people's subjective opinions..although they have multiple people who must reach a consensus it is still an opinion and they do make mistakes too.
Feel free to call me Will.
Pillar of the Community
Canada
4911 Posts
 Posted 10/13/2016  6:05 pm  Show Profile   Check thedollarman's eBay Listings Bookmark this reply Add thedollarman to your friends list

Quote:
Not sure what your photo shows, just a few rub marks, unless I missed something.


it shows what appears to be some rather distracting and potentially fairly deep scrapes/hits on the eagle...i would rather be wrong and they turn out to be light luster breaks but I doubt it.
Feel free to call me Will.
New Member
United States
16 Posts
 Posted 10/13/2016  7:27 pm  Show Profile   Bookmark this reply Add 4Consult to your friends list
Now let me see? If some "Coin Collector" (and I've been to many) offered me 1995W Liberty Silver Dollar that they claim is a PF70 UC in a so called air tight for $50K+. I'm siding with a NGC or PCGS, whereby I'm assured I'll have an inert gas back filled hermetically seal specimen.
Bedrock of the Community
United States
10982 Posts
 Posted 10/13/2016  8:28 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list
The pictures are poor so the seller likely shot themselves in the foot. The price is well under current retail so if it has good in-hand eye appeal it should be worth $100 more.
ANA #R3154474
Pillar of the Community
Canada
4911 Posts
 Posted 10/13/2016  8:28 pm  Show Profile   Check thedollarman's eBay Listings Bookmark this reply Add thedollarman to your friends list

Quote:
If some "Coin Collector" (and I've been to many) offered me 1995W Liberty Silver Dollar that they claim is a PF70 UC in a so called air tight for $50K+. I'm siding with a NGC or PCGS, whereby I'm assured I'll have an inert gas back filled hermetically seal specimen.


there is a lot of difference between a classic coin and a modern coin..the difference between mint state 60, 62, 63, 65, 66 etc on Morgan dollars and other earlier coins is noticeable to the trained eye where as the difference between a proof 69 and 70 is almost non existent and the chances of resubmitting a PF-70 eagle and having it come back the same are less likely than resubmitting an MS-66 morgan and having it come back the same. the difference between PF-70 and 69 are basically nothing while the difference between an MS-64 and 65 or MS-66 and 67 is noticeable.
Feel free to call me Will.
Bedrock of the Community
United States
10982 Posts
 Posted 10/13/2016  8:30 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list

Quote:
I'm siding with a NGC or PCGS, whereby I'm assured I'll have an inert gas back filled hermetically seal specimen.


Don't kid yourself. Slabs often are not even airtight let alone "inert gas back filled hermetically sealed".
ANA #R3154474
Bedrock of the Community
United States
94367 Posts
 Posted 10/13/2016  8:40 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
Let's face it: the coin sold for what is was worth, well under catalog value with good reason. This is an eye-candy piece that would never make 66 if bright.
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United States
1450 Posts
 Posted 10/14/2016  08:02 am  Show Profile   Bookmark this reply Add terry8835 to your friends list
I don't understand spending big money on common Morgans. I would rather have an 1894 in AU than a common Morgan in MS66. I know this is a big split in opinion among collectors. I want the scarce Morgans now since I have all the rest. I may never get all the Morgans in the condition I want, but I will chip away and then I move on to either cherry picking or buying gold coins.
New Member
United States
16 Posts
 Posted 10/14/2016  12:21 pm  Show Profile   Bookmark this reply Add 4Consult to your friends list
Breaking News! Basement graders have been replaced for decades now! Some never learn, duh.
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1450 Posts
 Posted 10/14/2016  12:34 pm  Show Profile   Bookmark this reply Add terry8835 to your friends list
What do you mean by basement graders?
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United States
1215 Posts
 Posted 10/17/2016  9:42 pm  Show Profile   Bookmark this reply Add 0xDA71D to your friends list
It sold for what it's worth.
Pillar of the Community
United States
1450 Posts
 Posted 10/17/2016  10:24 pm  Show Profile   Bookmark this reply Add terry8835 to your friends list
I will take my basement 1894 AU coin over your MS66 coins any day of the week.
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United States
2815 Posts
 Posted 10/18/2016  10:43 am  Show Profile   Bookmark this reply Add Darth Morgan to your friends list
I want to see better photos of this coin. Are you going to take some when you get it? If I'm going to buy an MS66 Morgan it will have to be in a PCGS slab WITH a TrueView photo. It's not that I don't trust NGC. I just really want that TrueView image to determine the actual condition of the coin where hits, nicks, dings, and scratches are concerned.

Always remember that ALL TPGs over grade and under grade coins from time to time. Good photograhy is a MUST for ebay sales. I'm betting the seller of your coin could have done better if the photos had been taken in better lighting conditions at least. Three NGC graders have seen this coin in hand, so I trust their grade. . . . . until I have reason to not trust it.
Edited by Darth Morgan
10/18/2016 10:44 am
Pillar of the Community
United States
1450 Posts
 Posted 10/18/2016  10:54 am  Show Profile   Bookmark this reply Add terry8835 to your friends list
I have seen many NGC MS66 Morgan coins selling for very low prices and it seems fishy to me. How easy is it to fake a NGC coin? The coins I have seen with seemingly MS66 ratings are always the most common Morgans. These coins sell on ebay for less than for MS65 listed in 2017 US Coin Digest. I am not attacking NGC, but something seems wrong and I wonder if the slabs are being misused or faked. I, personally, cannot tell the difference between a MS65 and a MS66 Morgan. I depend on PCGS or NGC to grade correctly is I am going to buy online and I do buy online because that is the only place I can get certain coins I want.

Have any other posters here seen MS66 Morgans graded by NGC that just don't make sense from price standpoint the seller is asking? I have seen many.
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