Quote:
i do have a ms67 1885 Morgan that was graded by angs
Sigh...no-name basement "slabbers" give these lofty grades all the time and the grades aren't worth the paper they are printed on
ebay has been filled with junk like this the past few years and it does nothing but prey on novices who do not understand the specific technical aspects of grading- these so-called "grading companies" are nothing more than alphabet soup, meaningless letters with nothing to back them up. It sounds like you might need some lessons in grading, may I suggest a few books-
The Official ANA Grading Standards for US Coins,
Photograde, and
Making the Grade. Granted, those books will not teach you how to differentiate an MS66 from and MS67(that only comes from years of experience and handling thousands of coins) but you will certainly have a better grasp on what the grades mean.
A Morgan $1 in TRUE MS67 condition is minimally a $1000 coin(and in many cases a $10,000+ coin)and at that level, I would only trust two TPGs-
PCGS and
NGC, they are the market leaders. As far as other trustworthy grading firms for grades that are a bit lower(and less pricey),
ANACS and
ICG are the next two followed by
DGS/PCI(PCI recently went out of business and reorganized with new owners as DGS but they have good backing) and
SEGS. The Top 4(in order)by reputation are PCGS, NGC, ANACS, and ICG followed by DGC, PCI, and SEGS in the second tier. Virtually all others are not true third party grading companies with expert graders on staff- they are just dealers looking to make their won inventory more attractive by slapping it in a piece of plastic and putting an unrealistic grade on it.
Edited by biokemist6
01/06/2009 1:00 pm