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1893 CC Morgan

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Susanlynn9's Avatar
United States
5877 Posts
 Posted 04/04/2006  2:52 pm  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
In my opinion, this coin is an F15. I think it would grade higher at the TPG's (probably VF to VF+) due to the value. While I do not believe in assigning different grades due to the value of a coin, it is a fact that this is what the market does and the TPG's follow this trend.
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Morgan Fred's Avatar
United States
2684 Posts
 Posted 04/05/2006  1:48 pm  Show Profile   Bookmark this reply Add Morgan Fred to your friends list Get a Link to this Reply
Susan, you must have had some ND rub off on you. I've usually agreed with ND on grades from images and he is very tough, usually putting us both at the bottom of the guesses. I've also been tough on Morgans based on my own Morgan collection, mostly from PCGS which would place this 93CC at VF-30 since my 93CC VF-30 is almost identical to this one (mine shows very slightly less wear which is why I stated VF-25 in the range). However, as you stated, PCGS may have been lighter on Morgans in the past, has really tightened up Morgan grades lately, so you very well might be right that this is F-15 and might be graded as such by PCGS these days. I don't know what the other top TPGs might say (I'll find out soon enough this fall). My 93CC VF-30 was graded several years ago; I would not dare to resubmit it to PCGS nowadays. It very likely would come back in a body bag.
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Susanlynn9's Avatar
United States
5877 Posts
 Posted 04/05/2006  5:40 pm  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
It looks like all 3 of the top TPG's are tightening up. While I'm a strong believer in strict accuracy, I do not believe in undergrading a coin. The coin discussed here looks like an F15 to me. This is based on the hairlines and breast/leg wear. I know that market grading has caused these coins to be more loosely graded because of the value. That may be why yours was graded a higher VF grade.
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Morgan Fred's Avatar
United States
2684 Posts
 Posted 04/08/2006  9:04 pm  Show Profile   Bookmark this reply Add Morgan Fred to your friends list Get a Link to this Reply
If they get any tighter, we're gonna be debating among ourselves whether a coin is P-01 or AG-02. PCGS isn't leaving much room on the bottom of the Sheldon Scale. We might have to get into the negatives: WP--02 (Worse than Poor minus 02) or HP--03 (Horribly Poor minus 03) or IC-06 (Is this a Coin? minus 06).

I recently sent in a 79CC Morgan expecting back a G-04. Instead, PCGS graded it G-06. Maybe it's in the Good grades they take up the slack.
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