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 Replies: 22 / Views: 2,232 |
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Pillar of the Community
United States
3210 Posts |
If you can send it to CAC do it....if not use PCGS reconsideration. I just sent 10 OGH PCGS holders from my 40 coin OGH haul 2 weeks ago. There are some definite ms66's in my lot along with a few 65s. Worst case they don't upgrade it your out 30 bucks, but if they up it to 63 your up a lot more money. Both are worth the risk.
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Bedrock of the Community
United States
12057 Posts |
 I don't usually/often recommend crackout or crossover but this is one case where I think it would be quite advisable to do so. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
United States
4989 Posts |
Looks 63 to me - I agree it is undergraded. Definitely resubmit.
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New Member
 United States
10 Posts |
I think the holder is a newer one, the thick kind that is hard to fit in box.
Do u think I should retry PCGS for the regarded or do an NGC crossover?
It seems PCGS tends to have better offers but NGC seems great to me too.
At this point after what my dealer says and all of you
Guys I definately want to retry in some fashion whether it be cac or
Regrade. Thanks for your input.
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Pillar of the Community
United States
3210 Posts |
Yes NGC seems to be more lenient on Morgan's but PCGS coins bring more money....don't get me wrong both companies are excellent, but PCGS coins bring more money. I think you should try the reconsideration in a heartbeat, worst case you spent like $30 or so best case you have increased your coins value by at least a thousand dollars if not more. Risk vs reward.
Edited by Imthealphaomega
04/13/2016 10:29 am
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Pillar of the Community
United States
1499 Posts |
First, it would be better if you could post your photos with the coin positioned with the design perpendicular to the viewer. The sideways view is disorienting, at least to my eye, and makes it harder to evaluate the piece.
I'm not convinced that this coin is a lock for CAC sticker or an upgrade. The reason is that the luster appears to be satiny or muted. I think that the coin was dipped, and part of the tarnish was not or could not be removed. Note the black spots in the rays above Ms. Liberty's head and the "carbon spot" in back of the eagle's neck. These spots will lower the grade, and the amount luster on these coins is a big deal.
When I was dealer I had a 1934-S dollar like this which had very smooth surfaces, smoother the surfaces on this piece. It was only graded PCGS MS-61, and I thought that it should have graded higher. Another dealer pointed out to me that the dullish finish on the coin was the reason for the grade. I had no trouble selling the piece for my usual mark-up.
Check out the many 1934-S dollars on the "Coin Facts" page. Most of them have strong luster, and that might be why this piece is in an MS-62 holder.
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New Member
United States
10 Posts |
It actually does gave strong luster, I just sick at the photography aspect... it actually is very eye appealing.. I think I will have it cac... safer option and cheaper
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New Member
United States
10 Posts |
here are some different images, sorry I tried to rotate them but it was being difficult. I have seen plenty of dipped coins in holders with crappy luster that grade ms 65 or higher. I think the mark on the neck and such may have played a a part, I still am open to a Regrade or cac... for a coin this expensive it's worth a shot with next highest grade 1000 dollars higher and a green cac about 20 percent premium.   |
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Bedrock of the Community
United States
94367 Posts |
Doesn't help much. Looks AU in these pics.
Edited by Coinfrog
04/13/2016 8:31 pm
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Valued Member
United States
130 Posts |
Assuming this isn't a slider coin, it looks like a decent shot at MS-63+ to me. However, For some reason it keeps looking like an AU slider to me, though. Obviously, in-hand will beat the photos of course.
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New Member
United States
10 Posts |
Yeah I looked at my photos and it looks weak, but in hand it's awesome.... that's why I'm trusting 2 different dealers and going with the cac idea
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Pillar of the Community
United States
4469 Posts |
The coin is not a slam dunk for a sticker as CAC is very tough on Peace & Morgan dollars in grades of 61 or 62. If your coin has a scratch, carbon spot or lacks luster, it will not sticker. |
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Pillar of the Community
United States
1499 Posts |
Quote:
If your coin has a scratch, carbon spot or lacks luster, it will not sticker. Yes, and this coin has multiple "carbon spots." I think that the coin is maxed out the way it is. You should consider this. When there are huge jumps in price for each grading point, the TPG graders get very conservative. Here are the Gray Sheet numbers for the 1834-S dollar: MS-60 $2,200 MS-63 $4,100 +86% MS-64 $7,050 +71% When you are up against numbers like that getting a coin needs to sing, dance and shake your hand to get upgrades. I know this from experience. |
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Pillar of the Community
United States
7840 Posts |
I would try CAC first. If it meets CAC, I would send it to PCGS for reconsideration/regrade. If it comes back from CAC with a gold bean...then it's up to you. I only have one gold CAC coin and it's an AU58...and that is where she is staying. Keep us informed through this thread.
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Bedrock of the Community
United States
12057 Posts |
Billjones speaks the truth -- but if you can afford multiple submissions (there's enough price differential on this date/MM to cover quite a few submissions) you can usually hit a "soft" grader who grades it less conservatively, if you bounce it between PCGS/NGC a few times. I know several dealers / collectors who have submitted the same coin 10+ times to get a 1 point bump.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis Edited by paralyse
04/14/2016 10:14 pm
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Posted 04/12/2016 10:30 pm
