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 Replies: 17 / Views: 2,895 |
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New Member
United States
13 Posts |
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Pillar of the Community
United States
4469 Posts |
The coin is a nice AU58 with luster, but correctly graded. The cheek, neck, breast, hair areas show signs of circulation rub. The dealer most likely knew the coin was circulated but passed it off as BU. It happens a lot with Morgan's better dates selling raw.
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Bedrock of the Community
United States
94367 Posts |
Agree. I'm no fan of APMEX. |
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Pillar of the Community
 United States
5672 Posts |
APMEX is fine for bullion, but I wouldn't trust them to grade a coin.
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Pillar of the Community
United Kingdom
1273 Posts |
The lustre on the obverse is not amazing, but regardless... this coin is MS60 to me.
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Moderator
 United States
188770 Posts |
 to the Community! |
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Pillar of the Community
United States
4680 Posts |
 With Zurie, I wouldn't buy anything besides bullion from them. Everything's Ive seen, coin wise, is overpriced, and usually lower grade than listed. Grading is subjective, APMEX may have seen this as low MS. They sort and go through so much inventory, mistakes also happen. Whether intentional or not, we'll never know. If I'm buying anything over a few hundred bucks raw, I have to either: 1-feel pretty confident in judging a coin based on the photos listed, grade for myself, and hope I don't overpay. 2- buy an already slabbed, graded example, and STILL grade for myself, bc it's an opinion. 3- buy it raw regardless of price bc I like the coin and if I overpay, I overpay. You are more than welcome to post pictures here for grade opinion BEFORE purchases.. we're just another opinion, but may help in the process. Edited by Ty2020b
07/16/2021 10:29 am
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Pillar of the Community
United States
2869 Posts |
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Bedrock of the Community
United States
18670 Posts |
photos are a little small to see everything. the 79(CC) should be sharp and bold and the eagle breast is mostly flat. looks like the luster is broken across the cheek. could be AU58 or MS63
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Pillar of the Community
United States
4692 Posts |
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Pillar of the Community
United States
992 Posts |
I'd also think about cracking it out and sending to NGC,
maybe you will get a low MS grade. No need to send it
back into PCGS with the true view, the grade will not change.
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Pillar of the Community
United States
4692 Posts |
Quote:
I'd also think about cracking it out and sending to NGC,
maybe you will get a low MS grade. And maybe you will get an even lower grade as you rack up grading and postage fees. It is what it is. If you wanted an assured MS grade, the only way to get that is buy one already graded. |
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Pillar of the Community
United States
6385 Posts |
It does appear to have enough friction rub on the cheek in particular to keep it from MS consideration. Recent auction prices for AU-58 according to Coin Facts are at or below $300 for certified examples so it seems you overpaid for what you got. I'd return it if possible. The only coin I ever bought from APMEX was a "VF" raw 1923-S Walking Liberty half dollar offered on ebay as a BIN. The photo was very nice but the coin I received was a different, less attractive coin which I returned. The seller used a stock photo but did not state that in the listing. Kinda soured me on APMEX as a source of raw collector coins. |
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Pillar of the Community
United States
4989 Posts |
Looks 63 to me from the pictures. PCGS isn't perfect. I've seen on ebay prices vary from $100 to $500 for Morgan and Peace dollars with literally the same PCGS grade so the fact they called this AU-58 doesn't mean it won't fetch great money in an auction with good photos. Buyers love luster and will bid on the coin not the slab. Edited by fenton
07/18/2021 8:53 pm
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Bedrock of the Community
United States
10982 Posts |
It appears to be a commercial uncirculated piece. AU58 pieces often are, and on a higher dollar piece like this one, APMEX won't be selling you a Choice Mint State coin when buying a BU. A 61 or 62 is the best you'll get and 58 is often what you end up with. They are a bullion house. Don't buy collectible coins from them. |
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Pillar of the Community
United States
9792 Posts |
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Replies: 17 / Views: 2,895 |
Posted 07/16/2021 09:02 am
