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 Replies: 16 / Views: 1,609 |
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Pillar of the Community
United States
4883 Posts |
First off, welcome. Second, nice photography.
What looks like some abrasion to Liberty's hair just above her ear also inclines me to a grade in the AU range, and I concur that thus there'd be little point to submitting it.
Colligo ergo sum
Edited by Lucky Cuss
11/29/2016 10:18 am
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Bedrock of the Community
United States
36845 Posts |
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Pillar of the Community
United States
4883 Posts |
Quote:
What grade could it get if I resubmit for grading? Rereading that, was it in fact once certified and then cracked out of its slab? Colligo ergo sum
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Rest in Peace
United States
17900 Posts |
 mid AU, not worth spending the money for a TPG. |
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Bedrock of the Community
United States
94367 Posts |
AU-58, very attractive. to the CCF! |
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Bedrock of the Community
 United States
18702 Posts |
AU58. I dont personally like the look of this coin. to me it appears to have been improperly stored
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Pillar of the Community
United States
3516 Posts |
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Pillar of the Community
United States
2125 Posts |
I think it will go MS-64. What was the grade before you cracked it out? Or is it still in a holder?
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Bedrock of the Community
United States
12057 Posts |
to CCF! Clear friction rub above and below ear - AU55-AU58. The eye appeal is low. I would not waste the money on TPG slabbing for this particular Morgan, as the cost to grade it would be 50-100% of its market value. 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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Rest in Peace
United States
10625 Posts |
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Pillar of the Community
United States
5854 Posts |
The toning is making this one hard to grade but I believe the coin is MS. The toning does make it challenging to assess the high points for wear but what is leasing me to believe it is MS instead of AU is the lack of little scratches and scuffing distributed throughout the fields that you very often see on AU-55/58 coins. The strike is a little soft. My guess is MS-64.
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Bedrock of the Community
Canada
11922 Posts |
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New Member
 United Kingdom
7 Posts |
Thanks to all who responded (and for the welcome!). I know very little about US coinage so am on a steep learning curve! The coin is currently graded NGC MS64. I have several examples of morgans in old NGC fatty holders and read somewhere they are strong contenders for upgrades when resubmitted today - grading was a little stricter 30 years ago in general as I understand it? |
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Pillar of the Community
United States
4883 Posts |
Quote:
The coin is currently graded NGC MS64. The judgment at that time must've been that the lack of full hair detail above the ear was due to an incomplete strike, and not minimal wear. There is as you've read a profit to be made resubmitting older certified coins if a higher grade can be expected under current standards. With the 1921, there's a modest premium to be had at MS65, and real money comes into play at MS66. That said, I think that flatness above the ear might limit it to MS64 even today, and I think there is the downside risk that it comes back AU upon a second look. If it were mine, I'd stand pat. Colligo ergo sum
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New Member
United Kingdom
7 Posts |
thanks for the response Lucky Cuss,
understood and was thinking exactly that - quit while I'm ahead! I'm confused how a coin could drop from MS64 to AU though - surely there is a process to the grading which means worst case it comes back as a 62 / 63 or is that what you mean by AU?
I've read something somewhere which mentioned the strike on the 1921 was particularly weak.
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Replies: 16 / Views: 1,609 |
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Posted 11/29/2016 10:27 am
