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 Replies: 15 / Views: 1,238 |
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Valued Member
United States
112 Posts |
Actually, this is just a blatant attempt to show off my new Morgan....  I saw this coin a few days ago at my dealer, asked about the price, thought about it overnight, and fell in love.  So today I picked this one up in trade at the shop for a WHOLE BUNCH of common (and not so common) MS+ Morgans....  It's a VAM-11, slabbed by NGC. Anyone want to venture a guess as to the grade? I'll let you know what NGC graded it at after a few responses..... Thanks for looking, Rick    |
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Moderator
 United States
23522 Posts |
Top Pop for this VAM at NGC is 65, and there are only 3. It's either AU58, or one of those 3. That is one of the nicest Morgan obverses I've ever seen posted here. Oh, yeah, do honestly think I post stuff in here because I'm interested in getting it graded?  |
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Pillar of the Community
United States
2269 Posts |
I'm leaning towards MS-60
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Pillar of the Community
United States
4589 Posts |
I want to Say higher than MS-60, But it is hard to tell by Photos. I do not see any luster (most likely because it is a photo). I believe I can usually see the wear on the coin, I do not see any in yours as far as eye Appeal not really. I love the O/CC and It appears to have a strong Strike. I see very small chatter on the cheek nothing to outstanding. Is it a gun metal Gray or is there luster not seen in the photo ? Over all a very nice coin.
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Pillar of the Community
United States
2600 Posts |
The hair over the forehead is the hold back for me. I am like Dave, that is one beautiful obverse and the reverse ain't bad either. MS-60 or AU if that is really wear.. How is the luster?
Jim
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Bedrock of the Community
United States
14454 Posts |
I will say MS-62 or 63. The Obverse looks allot better than the Reverse
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Pillar of the Community
United States
6384 Posts |
Hi Rick,
I don't see any real wear on the obverse. The cheek and fields look clean enough for a 64 or 65 grade. On the reverse the talons have flat areas, as do some of the leaves and maybe the ribbon at the bottom of the wreath. That could all be strike weakness, very common for New Orleans Morgans. However, the breast feathers look quite strong and on a weakly-struck coin I would expect this area to be flat as well.
Also on the reverse the surface looks different in the open areas around the eagle as opposed to the protected area around "UNITED". This effect looks to me like the result of light wear which has reduced the luster in the open areas. Therefore I would peg the grade at AU-58.
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Valued Member
 United States
112 Posts |
Oh, the joys of grading from photos! You're all getting close.... Perhaps the scans aren't doing this coin justice.... Here's a hint: Dave, (in my best Maxwell Smart voice) "You missed it by THIS much..." The luster is there... it cartwheels, big time... there's some toning... here's a few pics with the ol' camera vs. the scanner... It's still encased, so it's harder to get good pics through the slab...   Anyone care to venture a second guess?  Rick |
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Pillar of the Community
United States
6384 Posts |
Well, the new image is much more flattering and luster appears much stronger. With nice cartwheels on both sides it should qualify as mint state. Once this coin gets over the MS hurdle (and assuming the luster is of at least average intensity), the mark-free surfaces should take it all the way into MS-64 territory. So, how did NGC call it?  |
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Moderator
United States
23522 Posts |
With the new shots, I'm more comfortable thinking it Mint State than before. If it isn't 65, it's 64.75, and one of the better 64's I've seen.
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Member
United States
3242 Posts |
I have to agree with Bryan & SupeDave on this he is one of the best grader or persons on forum ,that know Morgan inside and out
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Valued Member
United States
112 Posts |
Ding! Ding! Ding!    MS-64 it is! Thanks guys.... you did well!  With the BIG jump in value from 64 to 65, I'm thinkin' of possibly resubmitting this one to PCGS...... I've got nothin' to lose, right? So, whadda' ya' think, resubmit?..... Thanks! Rick  |
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Bedrock of the Community
United States
14454 Posts |
I knew if they called that coin a AU-58 they did that Obverse a GREAT injustice
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Pillar of the Community
United States
2443 Posts |
If you resubmit it might come back cleaned? That's always the risk, but you never know what those graders say.
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Valued Member
United States
411 Posts |
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Valued Member
United States
411 Posts |
That's a fine coin. I don't know photography, but the pics you showed first (scans?)* were more flattering to the details at the cheek and the eagle's breast. Of course, the second set (camera?)* shows the luster. *Footnote: I really am this stupid.  As to resubmitting, I wouldn't get my hopes up. When a coin moves that much in price from 64 to 65, the graders get VERY conservative. I have a smooth shiny 1928-S Peace dollar in 64 according to PCGS - the price is around $1,200-$1,800, depending on the coin's characteristics such as the surface condition within the designated grade, and subsequently, eye appeal, etc., which my coin has in abundance. In 65, it jumps: $18,000 would be a fair price, according to the PCGS price guide. My coin looks almost exactly like a 65 I have, and the 28-S has almost no marks. But I'd bet the farm that resubmitting it will not get me a 65. And you can't use economy level for that expensive a coin,so at the very least you'd be out the fee; plus, you wouldn't get to look at it for 2 week. Graders are said to get conservative in those price ranges because they are reluctant to "create wealth". It also serves the current owners of 65's by guaranteeing the rarity, etc., but of course the graders disclaim that.  Which brings up a question  that's been nagging me: Does anybody know, if you resubmit coin in holder ("regrading") do the graders know the prior grade? I read somewhere that at NGC the coin is cracked out of the holder. I don't remember if it said whether the graders know. |
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Replies: 15 / Views: 1,238 |
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Posted 09/08/2007 9:15 pm
