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 Replies: 11 / Views: 1,446 |
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Pillar of the Community
United States
2734 Posts |
Today I saw an 1893-S Morgan dollar in a "PCGS Genuine" slab. The coin would grade VG-10 for overall details, and it's a nice appearing example for that grade. The 'explanation' code was '95' (scratched or rim-dented). There weren't any large scratches, just the normal wear expected on a VG-10 Morgan, and if it's rim-dented the slab might be hiding the rim damage (there are no obvious big rim dents visible with the coin in its slab). Would this be a candidate to send to ANACS for "VG10 Details", or would it be more fun to puzzle onlookers with an ungraded 1893-S that for all the world looks like a solid VG-10 coin (at least encased in its slab, that is)? Edited by DNA
05/07/2009 10:57 pm
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Rest in Peace
United States
5375 Posts |
Apparently, PCGS genuine coins are selling for a lot more anyway, regardless of the grade....
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Moderator
 United States
16677 Posts |
Keep this coin in the PCGS slab. Much better slab and TPG, as far as resale. swcoin.ecrater.com
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Pillar of the Community
 United States
2734 Posts |
Interesting that two of you so far vote to keep it
in the ungraded PCGS slab vs. a graded ANACS....
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Moderator
United States
23522 Posts |
Quote:
Interesting that two of you so far vote to keep it
in the ungraded PCGS slab vs. a graded ANACS....
Either way, it's still acknowledged to be an "ungradable" coin by either service. ANACS chooses to give the coin a "Net" grade; PCGS does not, but they both call it "not fit for normal slabbing." Therefore it boils down to the perception - and that's everything in numismatics - that the PCGS slab is intrinsically more valuable than an ANACS slab. |
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Pillar of the Community
United States
6383 Posts |
I agree, keep it in the PCGS slab. Anyone interested in an 1893-S Morgan dollar should be capable of deciding whether the coin grades VG-10, or not, and will value it accordingly. The PCGS slab provides the assurance and guarantee that the coin is the real thing and their reputation is better overall than ANACS. |
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Pillar of the Community
United States
812 Posts |
It looks like we've come full circle.
Back when I was young (in the Dark Ages, before TPGs were a twinkle in anyone's bottom line) and I was considering purchasing a coin, there was no question of whether the coin was genuine. Of course it was genuine! The only question was "What grade is this coin, really?"
Is this 93-S VG-10, or just VG-8 ... or maybe F-12?
Well, here we are again, having to grade our coins, on our own, without being told. Sadly, this only applies to coins with a "problem."
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Pillar of the Community
United States
5606 Posts |
I would agree with the above members, Leave it in the "more recognizable and more noted" PCGS slab,IMO, I feel this company will bring more "comfort" to people once seen.It is not by any means fair, but this is reality. Red Book lists the coin no lower than VF-20@-$240, what is the coin valued at.Also could you please post a picture, thanks, Mike.... |
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Pillar of the Community
United States
812 Posts |
Morgans dad, I believe you are looking at the 1893, the 1893-S is quite a bit more expensive.
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Moderator
United States
16677 Posts |
Quote:
ANACS chooses to give the coin a "Net" grade Which I've never cared for but on the other hand, I don't like how PCGS cannot grade a problem coin. If started a TPG, I'd slab the coin with the problem noted and the grade ie.) 1893-S $1 AU55 Scratched. The coin is still AU55 with the scratch on it or not. Obviously you are not going to get any where near AU55 $ for this coin but, the details are there for a problem free AU55 coin just scratched. You can still grade the coin as an AU55 by examination of remaining details, luster etc. IMO opinion, and one reason I don't like ANACS, is it's not an AU55 details coin net XF40, It's an AU55 coin that is scratched, holed, nicked, etc. There is no FMV for these particular coins so that is why I suspect PCGS cites "coin not gradable". swcoin.ecrater.com
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Pillar of the Community
United States
2734 Posts |
The dealer who has this coin seems to be afraid that he's going to be stuck with it for a long time, because it's a big-ticket item, yet it's ungraded.
That means "wheel and deal" time!
He sold a very nice 1893-S PCGS VF-20 Morgan recently, and he could cut me a good deal on his 1893-S PCGS AG-3, but this VG-10 appearing
coin looks way better than the AG-3 (of course!).
Too bad that PCGS didn't slab this coin in a new-style slab where you could see edge damage...
For something like an 1893-S, it pays to ask questions first,
so thanks to everyone who's replied!
Edited by DNA
05/09/2009 8:28 pm
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Bedrock of the Community
United States
17884 Posts |
ANACS stopped giving "net grades" almost two years ago unless the submitter specifically requests it. (Which almost no one ever does.) On problem coins all they give now is a "details grade".
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Replies: 11 / Views: 1,446 |
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Posted 05/08/2009 12:02 am
