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1890-CC Morgan: Horrible PCGS Grading?

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0xDA71D's Avatar
United States
1215 Posts
 Posted 09/30/2016  6:34 pm Show Profile   Bookmark this topic Add 0xDA71D to your friends list Get a Link to this Message Number of Subscribers
I recently received a $45 ebay coupon that I could use on any category other than coins...naturally, I looked for coins wrongly listed in other categories. So recently, I found a "Sports memorabilia" gem from 152249289570 for about $63 American dollars. --> With my coupon, I ended up paying $18 for it.

However...

What do you guys think of this grading? I find it quite horrid that this coin is graded G04. I would honestly rather buy it without the holder. What is infiltrating PCGS?

1890-CC-Morgan:-Horrible-PCGS-Grading?
1890-CC-Morgan:-Horrible-PCGS-Grading?
Edited by 0xDA71D
09/30/2016 6:34 pm
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silverwolf's Avatar
Canada
3733 Posts
 Posted 09/30/2016  7:25 pm  Show Profile   Bookmark this reply Add silverwolf to your friends list Get a Link to this Reply
seems about right , what were you thinking it should grade.
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0xDA71D's Avatar
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 Posted 09/30/2016  7:32 pm  Show Profile   Bookmark this reply Add 0xDA71D to your friends list Get a Link to this Reply
I was honestly thinking it would detail.
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paralyse's Avatar
United States
12057 Posts
 Posted 09/30/2016  9:35 pm  Show Profile   Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
Very clean, very original, and very problem free '90-CC with attractive surfaces, good circulated color, just lots of wear, but full rims: G4 is on the money and G6 would not be unreasonable at all. It has some bumps and bruises, but nothing out of the ordinary for the wear state and age. I don't see any problem at all wit the grade as assigned.
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"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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Imthealphaomega's Avatar
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3210 Posts
 Posted 09/30/2016  9:58 pm  Show Profile   Bookmark this reply Add Imthealphaomega to your friends list Get a Link to this Reply
I agree solid G4
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Saruma's Avatar
United States
968 Posts
 Posted 09/30/2016  10:06 pm  Show Profile   Bookmark this reply Add Saruma to your friends list Get a Link to this Reply
I don't have a huge problem with it considering it is a low grade coin, though I'd want to see that cheek mark up close with the coin in hand. Maybe it doesn't look as bad in real life. However, graders can be sloppy. I just returned a Trade dollar from ebay that NGC said was a problem free AU-55. Turns out it had PVC on it and had scratch marks that almost certainly indicated a cleaning.
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0xDA71D's Avatar
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 Posted 09/30/2016  10:06 pm  Show Profile   Bookmark this reply Add 0xDA71D to your friends list Get a Link to this Reply
But the surfaces look like they are cleaned. What gives?
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paralyse's Avatar
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 Posted 09/30/2016  10:49 pm  Show Profile   Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
They look almost exactly like every other low grade circulated Morgan I've handled over the past decade or two, which is a fairly decent number of low grade circulated Morgans. Besides, even and old cleaning is acceptable at a grade of Good-4 :)

It takes a pretty large amount of issues for a coin in the Good or below grades to earn a Details designator, such as being holed, edge-filed, tooled, bent, obviously polished or whizzed, graffiti/deep scratches, unnatural recoloring, etc. Old cleanings, rim bruises/bumps, nicks, light scratches, hairlines, rub, bag marks and dings are not going to "details" a Good coin; in fact, they're just "battle scars" of a coin's life long lived...
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"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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IndianGoldEagle's Avatar
United States
36746 Posts
 Posted 10/01/2016  12:47 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
G-4 details, cleaned
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Omegaraptor's Avatar
United States
321 Posts
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TypeCoin971793's Avatar
United States
6370 Posts
 Posted 10/01/2016  4:29 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list Get a Link to this Reply
Is that the going rate for G-4 1890 CC Morgans? I should have kept both of my VG+ examples that I sold for $60 each.
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Coinfrog's Avatar
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94367 Posts
 Posted 10/01/2016  4:35 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Agree G-04 straight.
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0xDA71D's Avatar
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1215 Posts
 Posted 10/03/2016  12:33 am  Show Profile   Bookmark this reply Add 0xDA71D to your friends list Get a Link to this Reply
I don't think there is a difference in price between G and VG for these kind of Morgans. The rarity of these coins is derived from their scarcity in mintage rather than condition.
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Jaobler's Avatar
United States
6385 Posts
 Posted 10/03/2016  2:49 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
Does have that glossy look that a worn coin can get after a cleaning, and has some rim hits as well. As mentioned, low-grade coins can get a pass on minor defects and be graded as problem-free. This piece has maybe Good-6 detail so maybe the G-04 grade represents a bit of net-grading.

$63 for this coin seems like a decent price; certainly you didn't get cheated. You could probably flip it on ebay for a small profit without much trouble.
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