Help With A Raw 1897 Morgan, To Grade Or Not To Grade? - Page 4

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Author	Replies: 52 / Views: 5,312	Page: of 4

jmkendall Pillar of the Community United States 1590 Posts	Posted 04/07/2019 4:08 pm Another factor to consider is that the 97's were known for good strikes and surfaces. A lot of times they are "market graded". Meaning that a coin graded as a 63, if it were another year/mm would come back as as 65. They get graded very harshly. They are not trying to saturate the market in gems. I had a coin that was a solid 66 that came back as a 63. I met a grader at one of the shows I attended and handed him the slab with the grade covered up, and he thought 65/66. When I showed him the grade he got real sheepish and explained to me what was going on. I had him re-submit it and it came back as a 65. Mind you, I have been at this since 1965. Report this Post to the Staff
fortcollins Pillar of the Community United States 3671 Posts	Posted 04/07/2019 7:20 pm The 1897 is an enigma. Superficially, it has a low mintage. It also has a very high survival rate from Pittman and Silver Act melting. IIRC, the Redfield hoard included at least two bags of 1897 dollars. There are a lot of relatively high grade coins, but few with truly beautiful appearances. Gun metal gray surfaces and really baggy coins are everywhere. I've handled exactly one 1897 that was graded "Gem Unc SPL" under the old grading standards of back in the day. I like the 1897, but yikes it is a toughie with eye pleasing surfaces and luster. Report this Post to the Staff
farrider11 Pillar of the Community United States 614 Posts	Posted 04/11/2019 7:38 pm Well, I paid for it, you might as well enjoy it with me lol, Tru View of the slider. http://images.PCGS.com//trueview/37098744 Report this Post to the Staff
jimbucks Pillar of the Community United States 4692 Posts	Posted 04/11/2019 8:15 pm Well, seems your mind was made up to send it in regardless of what we had to say. Since it came back AU, are you going to send it back to the seller? Report this Post to the Staff
farrider11 Pillar of the Community United States 614 Posts	Posted 04/11/2019 8:44 pm Nah, I didn't give that much for it, like I said, had a voucher to blow. May give it away on a auction freebie :) Report this Post to the Staff
farrider11 Pillar of the Community United States 614 Posts	Posted 04/12/2019 6:53 pm Well, we can close this one out, but I do want to say, that coin came back in a BIG BLUE 20 slab holder, and it still looks MS 65 in the slab LOL. Over all it was a good experience. I am impressed with what you get from PCGS with a voucher. All in all, I'm out about $67, but I have a nice story to tell and a nice case :) Thanks everyone for not beating me up too bad. As always I appreciate the candor! Report this Post to the Staff
Zurie Pillar of the Community United States 5686 Posts	Posted 04/12/2019 6:58 pm The luster definitely came though on the TrueView photos, much more so than the original seller images. At least you got a straight grade out of it, and it's a nice looking coin. Report this Post to the Staff
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