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 Replies: 9 / Views: 1,195 |
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Valued Member
United States
246 Posts |
Opinions on the grade? Also why is this not a details coin, it is in a righteous PCGS slab? I will update this afternoon. Thanks    |
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Valued Member
United States
81 Posts |
I am very, very new to this, so take everyone else's opinion before mine. I don't see any wear above the eye or over the ear, so I'm leaning towards a MS grade. The multiple scratches and the rim damage around the last star, E and P on the obverse would make me give it a MS61. If it was a 62 I wouldn't be shocked.
Looking forward to what others have to say.
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Bedrock of the Community
United States
94367 Posts |
Tell us about the scratches - on the holder, the coin, both...?
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Moderator
 United States
23522 Posts |
Quote:
I am very, very new to this, so take everyone else's opinion before mine. I don't see any wear above the eye or over the ear, so I'm leaning towards a MS grade. The multiple scratches and the rim damage around the last star, E and P on the obverse would make me give it a MS61. If it was a 62 I wouldn't be shocked.
Looking forward to what others have to say. It bears noting that this is one of the three or four most expensive Morgan dollars in Mint State. Very, very few of them survived in Uncirculated condition. An MS61 is a $10k+ coin. Regardless of any ill opinion of PCGS, this is one they would handle with the greatest of care. I suspect it to be a PL coin - or maybe formerly PL - which would show scratches much more visibly than a non-PL example. I looked at a very similar piece in NGC 58PL at the recent Baltimore Whitman Show which presented very much the same "scraped-up" look:  To the best of my knowledge, PCGS has no circulated 1884-S's in PL. I'm going to guess this one as a 55 without that designation. |
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Pillar of the Community
United States
7622 Posts |
In the case of the 84-S it appears the majority of the issue was released right after mintage. Evidently, a few thousand coins just saw light circulation and those coins were pulled and sealed back up into bags. During the silver dollar rush of the early 1960's those bags were released by the Treasury and the high grade 84S's we see today, like yours, are from those released bags. The population of AU's speaks volumes about what may have happened.
Was there a panic? Did the Treasury ask for them to be pulled from circulation? No one really knows.
Your coin appears to be the typical AU-58 we'd all get if one of us commoners sent it in. If the "right" dealer or auction house sent it in MS-61 PL would not surprise me!
(Yes, my conspiracy theory is still alive and well!)
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Bedrock of the Community
United States
94367 Posts |
AU-58 PL sure sounds about right for the subject coin!
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Valued Member
 United States
246 Posts |
I forgot to post the unedited picture showing the grade of au58
I am still a bit thrown by the "scratches" I assumed it to close to pl to get a grade and not be body bagged.
Thanks all!
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Valued Member
United States
246 Posts |
Also, to be clear, PCGS did not designate it as PL
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Rest in Peace
United States
17900 Posts |
I would have been wrong, too, as I'd have been at 58 PL. Surprised it didn't PL.
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Bedrock of the Community
United States
11896 Posts |
ms60
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Replies: 9 / Views: 1,195 |
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Posted 12/06/2017 3:59 pm
