@bill069 "The line between AU-58 and MS-60 is so thin that any two individuals may grade a single coin differently. Until we use A.I. for grading the subjectiveness will come into play."
100% agree; AI might help but is that really where we need to go? I personally dislike the term 'uncirculated'. The only coins I believe it for are collector sets that come encased in plastic and don't ever hit a cash register. For routine collectors I would argue that it's outdated and that the term 'mint state', which does not assume that a coin has never been used in a transaction - it's just about what kind of shape the thing is in.
Silver101, It's only a matter of time until someone develope an A.I. to grade coins. The companis that do it now will profit by limited personnel needed to grade. Profit will be the driving force to this end.
I've read a number of people stating that bag marks look different then wear and therefore aren't considered wear ........... OK, I'll buy that, they do, but a near pristine AU-58 Morgan vs this MS-60, graded ........ Oh yes, officially graded by PCGS because it is after all Un-circulated and and MS coin. I think there's something wrong with this grading system then.
The Morgan you posted graded MS-60 because of the abundance of bag marks all over the coin. However, you look at the hair (one of the first places to show wear on Morgans), you will see that all the detail is still there, thus the coin is uncirculated. Yes, many AU-58 coins look much better than coins graded MS-60. In fact, when I was learning how to grade, I heard AU-58 being described as an MS-63 or MS-64 with a little bit of wear.