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NGC Morgan Dollar.... Misgraded?

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kazuma78's Avatar
United States
53 Posts
 Posted 02/10/2012  12:12 am Show Profile   Bookmark this topic Add kazuma78 to your friends list Get a Link to this Message Number of Subscribers
If everyone could I would love to get an opinion on this coin. I think I overpaid for it but it definitely looks undergraded to me, I see almost no bag marks on the coin and the face looks pretty clean. I would love some other opinions. The coin can be found at http://www.ngccoin.com/certlookup/C...=3379038-003
and
http://www.ebay.com/itm/1879-S-MORG...em1e6b005e59

All opinions would be appreciated! Thanks in advance!
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amida17's Avatar
United States
4897 Posts
 Posted 02/10/2012  12:28 am  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
Gotta agree! I've seen way less eye appeal grade higher! Crack it and resubmit!
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biokemist6's Avatar
United States
12437 Posts
 Posted 02/10/2012  12:34 am  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
I was bidding on an 1880-S NGC MS-62PL on my local shop's bid board last week. It had nice reflectivity with a bit of contrast along with marks expected at the 62 level. That 1879 has a much high degree of contrast and it looks much cleaner than a 62. The grade almost makes me think there might be some friction hairlines in the fields that are not visible in the photos, a possible explanation of a lower than expected grade. Of course, there is also the possibility that a resubmission would result in a 63PL but the downside is that a regrade makes no sense financially considering what you already have in the coin.
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Canadian-Banknotes's Avatar
Canada
4944 Posts
 Posted 02/10/2012  12:40 am  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply

Quote:
The grade almost makes me think there might be some friction hairlines in the fields that are not visible in the photos, a possible explanation of a lower than expected grade.

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amida17's Avatar
United States
4897 Posts
 Posted 02/10/2012  12:53 am  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
@bio... what do you mean when you say "friction hairlines"? Caused by the minting process, minor rubs from circulation or wiped?. Just trying to learn...MS state Morgans are always tough for me.
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Bryan1315's Avatar
United States
14454 Posts
 Posted 02/10/2012  05:11 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
both of those pictures are very hard to grade by. The NGC pictures wasn't really meant to be used for grading and the sellers pictures look almost exactly like the NGC photographs. They both look washed out and that can hide some defects on the coins surface. 1879-S is one date/mm that is graded harshly because they are normally found in very nice condition so this one may look really really nice in hand and even if resubmitted still come back harshly graded because of this. As far as the amount paid, numismedia lists a MS-64PL of this date/mm at $169.00 and MS-63PL at $108.00 so you paid MS-63+ PL money for it, but if you are happy with it then no one can really say one way or another. Please post pictures if you can once you receive the coin in hand and then maybe we will be able to tell you a better assessment of what we think the grade may be. Others that are better with judging what a coin looks like under this type of lighting may be able to give you a round about estimate but I am no good at doing so from pictures like these. This is pictures I had taken of my PCGS MS-66 example I took a few years ago, the breaks in luster is not so evident in hand as it is in the pictures. If I had it out of the SDB I would show how it looked with different lighting to show what I am trying to explain about how lighting can hide details of the coin

NGC-Morgan-Dollar....-Misgraded?

NGC-Morgan-Dollar....-Misgraded?


Quote:
what do you mean when you say "friction hairlines"
Friction hairlines are not necessarily done during the mint process, it is any kind of rubbing the coin has done against anything that left a mark on the coin. It could have been from rubbing on another coin or the mint bag. It is not a hit that leaves a ding in the coin, just rub marks on the surface caused by friction
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kazuma78's Avatar
United States
53 Posts
 Posted 02/10/2012  06:09 am  Show Profile   Bookmark this reply Add kazuma78 to your friends list Get a Link to this Reply
Thats what I was thinking too. Its most likely will have quite a few hairlines when I get it. Oh well, gotta take a chance every once in a while, whats life without a gamble here or there?
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biokemist6's Avatar
United States
12437 Posts
 Posted 02/10/2012  10:30 am  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
Friction hairlines would be caused by incidental contact or mishandling, not to be confused with much larger and heavier hairlines caused by cleaning or wiping. Friction hairlines can be frequently found on PL/DMPL and classic proof coins, the mirrored fields are very delicate and can be marred so easily with just the slightest bit of mishandling.
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oih82w8's Avatar
United States
7840 Posts
 Posted 02/10/2012  10:57 am  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
I am not an accurate grader, but that does not "look" like a MS62 PL...it is much better, IMO.

It would look really nice as a "type" coin in just about any collection.
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kazuma78's Avatar
United States
53 Posts
 Posted 02/10/2012  11:20 am  Show Profile   Bookmark this reply Add kazuma78 to your friends list Get a Link to this Reply
Well I got tired of attempting to put together a full Morgan dollar date and mint set so instead I'm just going to settle for a grade set in mint state. For now just every grade in MS including pl and dmpl up through 67PL for now until I can afford a 68 and someday if I'm ever lucky enough to save enough for a 69.
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D0ubl3Eagle's Avatar
United States
5854 Posts
 Posted 02/10/2012  3:54 pm  Show Profile   Bookmark this reply Add D0ubl3Eagle to your friends list Get a Link to this Reply
From those pictures, it appears to be undergraded but the pictures may be hiding something. Post some new ones when you get it.
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oih82w8's Avatar
United States
7840 Posts
 Posted 02/10/2012  4:00 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
If I was to put together a Morgan dollar set together, I would get one from each Mint (CC,D,O,P and S), slabbed (my preference) and placed into one of those 25th Anniversay ASE Blue Holders.
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Peter4805's Avatar
Canada
987 Posts
 Posted 02/13/2012  12:19 am  Show Profile   Bookmark this reply Add Peter4805 to your friends list Get a Link to this Reply
I'm no expert, but this coin looks like a candidate for resubmission. It simply looks way too nice for the grade it was given.
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westcoin's Avatar
United States
9792 Posts
 Posted 02/13/2012  02:22 am  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
Looks like a 64PL to me from the larger photos, though 1879-S coins are known for incredible luster and like some others 1881-S 1880-S, are held to higher standerds since there are so many of them around.
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j_h_s's Avatar
United States
1934 Posts
 Posted 02/13/2012  10:15 am  Show Profile   Bookmark this reply Add j_h_s to your friends list Get a Link to this Reply
I agree with bio and Canadian....also, there are a couple heavy dings on the obverse that'll keep it from going much higher....63 tops.

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biggfredd's Avatar
United States
9104 Posts
 Posted 02/14/2012  12:20 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
I see a lot of chatter in the fields.
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