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Why Did NGC Grade This Peace Dollar MS66?

 
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United States
39 Posts
 Posted 02/16/2020  11:47 am Show Profile   Bookmark this topic Add KingFridayXIII to your friends list Get a Link to this Message
I've been learning a lot about grading coins on here but things like this confuse me. How does this grade a 66 with that big ugly brown dot on the obverse? Aren't things like that supposed to be accounted for in the grading somehow? It's up to $118 now so obviously someone finds it attractive. Could someone with knowledge explain? Thank You.

https://www.ebay.com/itm/1923-Unite...AOSwTpheKPZM
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Canada
2342 Posts
 Posted 02/16/2020  12:39 pm  Show Profile   Check Wade's eBay Listings Bookmark this reply Add Wade to your friends list Get a Link to this Reply
big ugly brown dot looks like it could be a retained piece of struck through copper/bronze flake?

or perhaps the coin is a 67 with deduction for eye appeal?

I'm not up on NGCs eye appeal standards, sorry
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 Posted 02/16/2020  12:42 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
I am not defending NGC's grading on this coin. The big brown spot does effect the eye appeal part of the grade, but eye appeal is only part of the grading criteria. NGC may have deducted something from the grade to arrive at MS66. The coin may technically be a MS66, but this is the type of coin most buyers will stay clear of because of the brown spot, so the coin's value will decrease. This coin also has white spots that may have came from dipping when someone tried to remove the brown spot.
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 Posted 02/16/2020  12:45 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
To some extent, submitting coins for grading will always be a crap shoot. Ultimately a coin will be valued for its appearance, not the number on the holder.
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 Posted 02/16/2020  1:32 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
Eye appeal is 10% of the grade. 90% is technical. Technically this looks like a 65, but they can see it in hand
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 Posted 02/16/2020  2:08 pm  Show Profile   Bookmark this reply Add KingFridayXIII to your friends list Get a Link to this Reply
How do you respond to individual messages? I cannot find it.
Thanks
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 Posted 02/16/2020  4:26 pm  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
I think the coin has been in that slab for quite a while.
And slabs are NOT totally sealed.
Possibly poorly stored and this could be a result.
Or it's from the deep South and got caught in a hurricane.

I did not look up the slab number but noticed that the first part is only 7 digits rather than 8 as currently used.
Older slab.
Describe it as if there were no picture.
Picture it as if there were no description.
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 Posted 02/16/2020  5:18 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply

Quote:
Possibly poorly stored and this could be a result.


I did look up the cert number and the large spot is on the NGC verification photo.
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