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 Replies: 21 / Views: 2,022 |
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New Member
 United States
13 Posts |
I know alot about coins and coin grading so yes it is a ms69 atleast I look at it under microscope just now and saw one little spot on his cheek so the way they grade it might be less its my coin so it is hard to take less grade. Franklin half |
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Moderator
 United States
6563 Posts |
Without Very detailed pictures or it being sent off to a reputable TPG there isn't a way to help you with your dilemma. As others have stated there has never been one graded that high nor sold for that matter. If it were sent to PCGS, or NGC and graded that high I'd say you have a pretty rare coin  |
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Pillar of the Community
United States
3098 Posts |
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New Member
United States
13 Posts |
ok so I'm not that great of grader put I also read that they do fetch a pretty good premium is that true?
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New Member
United States
13 Posts |
I forgot to add I just thought that proofs were better then uncirculated coins or circulated coins so why aren't they worth more.
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Pillar of the Community
United States
3098 Posts |
I'm no expert but I think proof coins don't command so high of a price because they were ESPECIALLY MADE to a high quality, so you can expect 99% of the proof coins made to be high detail, high relief, high etc...
Now for circulation coins, they're simply made, so most of the coins are not given attention during the striking process so most of them turn out to be MS60, leaving a very very very very very minuscule amount of the coins made to be of extremely high grades. There could be high grades made, usually from the first 1 million new strikes with the dies, but you must also remember how they got from the mint to the public: through dumping in bags, throwing them around, piling, circulating, going through the bank tellers, and public use before someone actually sees that it's a high quality coin and saves it. By that time, even MS9999 (when made) coins would be worn down to an AU.
So, that's my opinion and thought... it's late... going to bed...
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Pillar of the Community
United States
3098 Posts |
And about the premium question, I don't really know, but they're in the $20-30 range... and I guess its premium is the melt value!  |
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Bedrock of the Community
United States
14454 Posts |
proof coins were made with special dies and minted with high pressure and struck numerous times at slow sppeds where circulating coins are at high speed and not struck numerous times and the dies aren't specially prepared and are used many many times. The proof was never meant to be circulated so they are all pretty high grades where the circulating pieces were made to circulate and have marks and such even when they come out of the mint because there is no special handling of the coins so a high grade circulating piece is worth multiple times what a proof coin is
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New Member
United States
13 Posts |
thank you I will just hold on to them I do have a ms67 1885 Morgan that was graded by angs I know now that this is just someone who thinks its ms67 but still a nice coin.
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Pillar of the Community
United States
580 Posts |
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New Member
United States
13 Posts |
anyone grading service I don't know but I do know is that someone makes there own slabs.
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Pillar of the Community
United States
1415 Posts |
 to CCF. Are you sure? Could it be ANCS? |
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Bedrock of the Community
United States
12437 Posts |
Quote:
i do have a ms67 1885 Morgan that was graded by angs Sigh...no-name basement "slabbers" give these lofty grades all the time and the grades aren't worth the paper they are printed on  ebay has been filled with junk like this the past few years and it does nothing but prey on novices who do not understand the specific technical aspects of grading- these so-called "grading companies" are nothing more than alphabet soup, meaningless letters with nothing to back them up. It sounds like you might need some lessons in grading, may I suggest a few books- The Official ANA Grading Standards for US Coins, Photograde, and Making the Grade. Granted, those books will not teach you how to differentiate an MS66 from and MS67(that only comes from years of experience and handling thousands of coins) but you will certainly have a better grasp on what the grades mean. A Morgan $1 in TRUE MS67 condition is minimally a $1000 coin(and in many cases a $10,000+ coin)and at that level, I would only trust two TPGs- PCGS and NGC, they are the market leaders. As far as other trustworthy grading firms for grades that are a bit lower(and less pricey), ANACS and ICG are the next two followed by DGS/PCI(PCI recently went out of business and reorganized with new owners as DGS but they have good backing) and SEGS. The Top 4(in order)by reputation are PCGS, NGC, ANACS, and ICG followed by DGC, PCI, and SEGS in the second tier. Virtually all others are not true third party grading companies with expert graders on staff- they are just dealers looking to make their won inventory more attractive by slapping it in a piece of plastic and putting an unrealistic grade on it. Edited by biokemist6
01/06/2009 1:00 pm
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New Member
United States
13 Posts |
 [Nan]  thank you first positive thing since ijoinded |
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Pillar of the Community
United States
860 Posts |
Lionsdog64,
Welcome to the forum! Most of us have been in similar situations in the beginning of learning. Experience and education takes time. Even with 30 yrs of experience, there are new things to learn every day. Take care,
Jim
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Replies: 21 / Views: 2,022 |
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First Page
Posted 01/06/2009 12:58 am
