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Another Overgraded Morgan MS-62?

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MikeF's Avatar
United States
3479 Posts
 Posted 12/19/2016  10:59 pm Show Profile   Bookmark this topic Add MikeF to your friends list Get a Link to this Message Number of Subscribers
I have an ms-62. And if this is a 62 then I sure as heck need to send mine back in for grading. This one has far more nicks and scratches on the obverse. The cheek and face are a mess. Not to mention the streak marks on the reverse which indicate it was slid against something.

https://coins.ha.com/itm/morgan-dol...tion-071515#
Edited by MikeF
12/19/2016 11:01 pm
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TypeCoin971793's Avatar
United States
6370 Posts
 Posted 12/19/2016  11:29 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list Get a Link to this Reply
I agree with 62. They are supposed to look a little beat up.
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paralyse's Avatar
United States
12057 Posts
 Posted 12/19/2016  11:54 pm  Show Profile   Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
The prooflike fields amplify the presence of marks and nicks that would otherwise be much less visible on a coin with non-prooflike surfaces.
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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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BH1964's Avatar
United States
10982 Posts
 Posted 12/20/2016  12:04 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
It looks like a 62 to me. Coins as large and heavy as Morgan dollars can be pretty beat up and still grade an honest 62.
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Debrajc's Avatar
United States
4211 Posts
 Posted 12/20/2016  08:16 am  Show Profile   Bookmark this reply Add Debrajc to your friends list Get a Link to this Reply
I would agree with the assigned grade as well.
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kanga's Avatar
United States
5825 Posts
 Posted 12/20/2016  08:18 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
IMO there's TOO much "noise" on that coin.
It's very baggy.
I think MS-61 is a better grade and I wouldn't be surprise at a -60.

But having said that it's also a better date/mm coin.
That may have "gifted" the coin with the higher grade.
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Dustin6's Avatar
United States
3516 Posts
 Posted 12/20/2016  09:55 am  Show Profile   Bookmark this reply Add Dustin6 to your friends list Get a Link to this Reply
I plainly see a 62, but I think it could go 61 depending on the grader
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BH1964's Avatar
United States
10982 Posts
 Posted 12/20/2016  1:43 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
And here again we need to point out that surface preservation/contact marks are only half the grade. Look at the strike and luster on the coin in question. It appears very well struck with good luster so even if the surfaces look 61 it's still a 62 overall.
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billjones's Avatar
United States
1499 Posts
 Posted 12/20/2016  1:50 pm  Show Profile   Bookmark this reply Add billjones to your friends list Get a Link to this Reply
I think it's properly graded at the MS-62 level although I could see someone arguing for MS-61. The coin is also a CC dollar, and sometimes those coins get a grading break, although I don't think that's right.
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Andrew99's Avatar
United States
1533 Posts
 Posted 12/20/2016  3:11 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
I think it is properly graded, but could go as a 61. Have a look at the comparables below the item. All the 62s look pretty beat up.
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trout1105's Avatar
Australia
7096 Posts
 Posted 12/20/2016  3:35 pm  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
Hmmmm
A grade of MS60-MS62 usually equates to an unattractive coin.
This one is NO different to thousands of others graded MS62.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 12/20/2016  4:36 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Couldn't agree more about PL surfaces amplifying the bag marks.
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Jovian's Avatar
United States
147 Posts
 Posted 12/20/2016  8:25 pm  Show Profile   Bookmark this reply Add Jovian to your friends list Get a Link to this Reply
This could be my limited experience with Morgans as I only have one. Which I always thought was a little over-graded. It is raw, in a 2x2 as it was purchased. It was graded MS-60 by the dealer and I always thought AU-55 to 58 would be more appropriate. I agree with the PL amplifying, but even with that I think my Morgan looks better and has fewer marks. Maybe I am missing the point, but I thought AU was default for a coin that looked like it was circulated at all. Anyway this is the only comparison I have.


Another-Overgraded-Morgan-MS-62?

If I am under-grading my coins that much then I need a few lessons.
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paralyse's Avatar
United States
12057 Posts
 Posted 12/20/2016  8:48 pm  Show Profile   Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
As I stated above, mirrored prooflike surfaces show up any marks, nicks, rub, or abrasions to much greater effect than non-PL surfaces. This is why many PL and (especially) DMPL collectors will not buy PLs/DMPL's below MS64 (or really nice MS63's) unless it's a tough date/MM to find in PL/DMPL. 1881-CC is slightly tougher but by no means scarce in PL so this coin would not be of interest to most PL Morgan collectors unless they're on a very tight budget. More than likely, it will end up bought by a large dealer who will use market leverage to work it into a 63PL or even a 62DMPL slab from PCGS, whereupon it can be flipped to people who buy slabs and not coins.

Jovian, your Morgan looks about AU55 to me. Still has quite a bit of luster remaining, though, and a good strike.
Member ANA - EAC - TNA - SSDC - CCT #890

"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
Valued Member
United States
108 Posts
 Posted 12/23/2016  6:47 pm  Show Profile   Bookmark this reply Add grumpy56 to your friends list Get a Link to this Reply
I think that CC Morgan is a strong 62 actually. Not bad eye appeal at all for a 62.
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GR58's Avatar
United States
11951 Posts
 Posted 12/23/2016  10:54 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
Proof like coins are very hard to take pictures of.

I am thinking this coin would look better in hand
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