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Questioning A Slab I Own

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 Posted 07/12/2016  11:52 am Show Profile   Bookmark this topic Add Arianrhod to your friends list Get a Link to this Message Number of Subscribers
Hey -- I've had this Morgan for a number of years now. I picked it up fairly cheaply ($35ish) because I wanted to be more serious about acquiring nice Morgans...and then life happened and I never ended up getting more. Anyway, I've been going through my collection lately, and the more I look at this coin, the less confidant I am in its grade. I did the best I could with pictures -- if they aren't sufficient, let me know and I'll try again.

My instincts are telling me that it's closer to a MS64, maybe 63, as opposed to the 67 that it's marked as. The company that graded it was a no-name, so I'm not exactly confidant in their ability, and I wanted a second opinion.

If it is, in fact, a lower grade (or if you guys think it is a 67, as marked, after all), should I consider sending it in to PCGS or NGC to have it "officially" graded? Or it is not really worth the time and trouble?

Thanks!

Questioning-A-Slab-I-Own

Questioning-A-Slab-I-Own

Questioning-A-Slab-I-Own
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BStrauss3's Avatar
United States
4589 Posts
 Posted 07/12/2016  1:08 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
The grading on these slabs is pure fiction.

The coins in them are frequently cleaned, circulated examples.

I call those the 'finny' slabs because of the side fins. They are thought to be manufactured for CSI and are resold and used by several equally specious 'grading' companies. You will see them with a dozen names, grading standards, different holograms, etc.

Be aware that these are not sonically sealed - you can open them by tapping carefully on the edge or finding the tiny pinhole on the side.
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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 Posted 07/12/2016  11:52 pm  Show Profile   Bookmark this reply Add Arianrhod to your friends list Get a Link to this Reply
That's about what I expected from my own research, honestly, so it's nice to have some confirmation. Do you think it would be worth trying to have it slabbed by an authentic grading source, or is the grade likely to come back poor enough that it wouldn't even be worth the time, effort, or money to have it done?
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BStrauss3's Avatar
United States
4589 Posts
 Posted 07/13/2016  07:08 am  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
Usually the thought it that a coin needs to be worth $150 or more to be worth slabbing. 1885 is a common Morgan, not a special date, so that would need to be MS65 or higher, which is unlikely.

I suppose you could take it to a local show and ask a couple dealers for a grade. Or post clear photos in the grading section (they would need to be well lit, square on, etc.).
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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United States
5 Posts
 Posted 07/13/2016  09:48 am  Show Profile   Bookmark this reply Add Arianrhod to your friends list Get a Link to this Reply
Cool! Thanks for the help :)
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