1892-CC Morgan --> My First Raw Coin Buy

The marks on the face will keep it from making MS-64, It's a solid MS-63 IMO.

This coin does not look obviously cleaned. I do think it's AU based on the rub in the fields. I'd call it AU55 or AU58 and it might be worth sending it for grading. I think it has a chance of making it into a no-problem slab.

AU details

au-55 would make me very Happy, au-58 would make me ecstatic. I think the partially worn rims would stop it from being considered as possible MS even though the details are amazing in my opinion. As for the cleaning thing, I agree its likely been cleaned.. but so have probably most old coins that look like this. My two NGC graded CC Morgans both look cleaned but have no mention of it on the slab. My local coin dealer straight up told me that it matters who submits the coin. If its a huge account like a big coin dealer, lightly cleaned coins like this come back clear. If an individual submits it, it comes back as cleaned. Another possibility is that Carson City coins get extra credit. My plan is to submit at the Long Beach coin show directly to NGC and show them my other NGC coins that look just as cleaned as this one and are not marked as cleaned.

I'm torn on this one. Factoring in the near-impossibility of showing true luster and surface condition in all but the most professional photographs, I'm unwilling to come down on one side or the other about cleaning. Yeah, the toning pattern kinda hints at cleaning, but I've seen similar in TPG slabs.

It'll slab (if they choose to live with the surfaces) no worse than AU55, probably better. I really don't see a whole heck of a lot of wear - the strike characteristics are typical Carson City, especially considering that the master hubs/dies were getting a bit old at that time - but the actual marks aren't the kind of thing that happens in a Mint bag. The reverse especially is that of an Uncirculated coin, but it won't be enough even if the coin actually never saw circulation.

Especially with Carson City, I suspect there are a lot of true Mint State coins in AU holders. Coins circulated out of Carson City. They didn't come off the press and go sit in bags. Back east, they were curiosities, likely to be hoarded by someone receiving them in change, but out west, Morgans were money. But due to their added value via the cachet of their origin, TPG's are cautious about creating value by declaring a dubious coin Mint State.

AU55, and well-bought at $500.

Im definitely going to get this one graded. I'm going to go with NGC since I already have 2 graded by them but mostly because I want to get my best GSA 83cc and 84cc graded as well. I'm probably going to get the minimum number of coins graded, I think 5, or whatever the best deal is at the show in Long Beach.

I see scratches and areas that look like rubs on the luster but nothing that jumps out at me as circulation wear. Honestly, I think that coin is every bit MS. I'm not a big fan of the way it's coloring, though, I have to say. Still, technically, in these eyes, it's a MS coin.

It's a good date and you didn't go wrong grabbing it at that price, even if it should only market grade mid to high AU. If it is dipped and wiped, it's still very market acceptable. I know this much. In the shape it's in, now, it's a candidate for a thorazine-acid type dip, to address that, what I see as, distracting toning. Years ago, before the TPGs, it most certainly would have been dipped, as such. Of course, it goes without saying, one has to know what one's doing, there, as those dips can backfire.

Technically, MS-63.

Came back as Au-58, in the email I received from them, they listed "scratched" next to it. I'm assuming they saw a scratch on it somewhere that kept it from MS, but not really sure.