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 Replies: 15 / Views: 2,844 |
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Pillar of the Community
 United States
1551 Posts |
Below are 3 1878 P Morgan dollars, all have been graded in the last year. The far left was an NGC MS-62 star PL, and the far right was an NGC MS-62 PL. The center Was Graded by Ronnie Millsap, Ray Charles and Stevie Wonder. How this coin is not Proof Like is beyond my common understanding. It has no polishing lines, and the fields reflect farther than the the one on the left, and equal to the one on the right. While MS-63 may be a little low it could be a high 63 but I own MS-64 8 TF that have the same type strike and the sale type contact marks. Sorry I'm just venting, I use to send groups of coins in for grade and have a darn good idea where the grades will come back. Now my money seems to be better spent playing on a roulette table.     |
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Bedrock of the Community
United States
11893 Posts |
Center looks dmpl to me.  PCGS |
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Pillar of the Community
United States
4680 Posts |
Always a crapshoot when it comes to TPG's. I've have questionable results from both PCGS and NGC in the last year. I've just learned to expect it, accept it and movie on......after a short bout of frustration of course.  I'm by no means a Morgan expert, but looking at these, I would have to agree with the numerical grade. As for the PL designation, obviously very difficult to judge without being in hand. |
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Pillar of the Community
United States
1213 Posts |
I agree with Ty2020b - it's a crapshoot w/ the TPG's. |
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Pillar of the Community
United States
827 Posts |
They are still very nice coins.
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Pillar of the Community
2145 Posts |
Reverse may have held it back from the PL designation.
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Pillar of the Community
United States
4469 Posts |
The 78 8tf is a nice looking coin. The mirror depth on the reverse most likely held the coin from PL designation at the it was graded. When I look at your photos the obverse has deep black color representing strong mirrors, but on the reverse the fields look grey and may not have the mirror depth. The devices on the reverse are lacking some frost on the breast and wings, but this should not hold the coin back from PL. Missing frost could hold a coin back from DMPL.
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Pillar of the Community
 United States
1551 Posts |
using Leroy Van Allens Pl and DMPL card the correct way. The 8 TF ms-61 PL is a Weak PL the 8 TF MS-63 is a Strong PL too weak DMPL on both sides. The 7 TF in MS-63 carries middle DMPL on both sides. While most can see the reflection, its about the clarity and focus. All 3 coins are a PL its just that there is a remarkable amount of inconsistency. 90 days ago I got the only PCGS or NGC 1878 P 8 TF with a Gold CAC sticker, that coin as well was graded in the last 12 mo.  |
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Bedrock of the Community
Australia
21788 Posts |
This sort of news comes as no surprise to me.
The person who does the actual grading has to work through hundreds of coins per day,
and if the brain isn't just a little bit faded at the end of a working day, I would be surprised.
Thus, I would expect mistakes to be inevitable, despite cross checking.
I can't imagine a more boring type of a job or career.
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Pillar of the Community
United States
1590 Posts |
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Pillar of the Community
United States
1694 Posts |
looks Proof like to me Russ
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Pillar of the Community
United States
4233 Posts |
PCGS is going private and stock price is the only thing they've been focused on for the past few months. You know what that means.
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Pillar of the Community
United States
1298 Posts |
To me, the center coin is DMPL.
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Bedrock of the Community
United States
18670 Posts |
I've been saying this for a year. PCGS must have lost some of their seasoned graders and they pulled some kids of the street and offered them a job.
i agree with the numerical grade but this coin should have had at minimum a PL designation. the reverse would have held it from DMPL imo
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Pillar of the Community
United States
3650 Posts |
Quote:
Reverse may have held it back from the PL designation. Quote:
on the reverse the fields look grey and may not have the mirror depth @Rothery and @Slider23 nailed what PCGS saw. We can argue with the PCGS conclusion, but the PCGS designation standard for PL has this language: "Clear reflection in the fields on both sides from 2-4 inches away. A misty effect or striations may impede the reflectivity." It may well be a function of where on the reverse PCGS measured reflectivity. The words "clear" and "may impede" give PCGS latitude here. I'm not suggesting that I agree with their conclusion. I do think they are within their designation standard. Edited by fortcollins
01/04/2021 11:06 pm
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Pillar of the Community
United States
1551 Posts |
Well here is PCGS's official requirements for PL in Morgan dollars. I took a Photo right out of my hard cover PCGS office coin grading book! They keep moving the line, that would not be bad, if it stayed fairly stable. At FUN last year I was at a dealers table where all he sold was DMPL PCGS Dollars. Mort where stone cold Black and White coins in High grades. But 7 should of been PL coins at best, and where recently graded. In 1878 8 TF, 7/8 and 7 TF coins I have 15 PL certified PCGS examples, The center coin is the 2nd deepest reverse PL coin I own. The photos my hide this, but in hand it has 4.2 inch clear reflective fields.   |
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Replies: 15 / Views: 2,844 |
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Posted 01/02/2021 4:51 pm
