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 Replies: 31 / Views: 2,219 |
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Pillar of the Community
United States
1703 Posts |
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Rest in Peace
United States
2684 Posts |
You gotta be kidding me!      If you hadn't said it was blast white, I'd give it VF-30 at best. However, given that it's a New Orleans mint (Rick's got the killer grade-by-photograph O-mint Morgan), and making the rash presumption that it is in fact uncirculated (I'm sticking my neck out here  ), and making more presumptions that the top TPGs are knocking weak strike uncirculated Morgans down a few grades and given I can't say I see any serious bag marks (a few minor rim dings), I'll compromise and call it MS-61 or MS-62. I think it's just too weak to push it up to MS-63 which would also put it right up there in value. I think PCGS wouldn't disgrace it with only an MS-60 (or would it?) because of its strike, but it also wouldn't want to upset its own population report by giving it too high a grade. Presuming all above, MS-61. So, what's the story on it? |
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Pillar of the Community
 United States
1703 Posts |
This is one I sent in to ANACS to regrade and had already been graded by them.You can actually make out the breast feathers if you tip the coin at just the right angle.The hair above the ear and the breast are stamped flat,no curve at all.Typical of a weak strike.There are no major bag marks.I would like to see what a few others think before I say more.
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Pillar of the Community
United States
7123 Posts |
Fred always forgets that the O mints are typically weak in certian areas. Strike quality plays a larger part in grades above 64 in these coins since very few grade 65 and above.
I see nothing to keep this coin from being an MS-63 all things considered.
Rick
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Moderator
 United States
23522 Posts |
AU50 is my guess. I'd expect less lower-hair detail if the obverse were *that* weak a strike, and the line through the outside of the ear should probably be gone by the time the hair above the forehead is affected by the strike. On the reverse, I'd expect less neck detail, and less of the largest wreath leaves, by the time the breast and legs looked that flat. Another consideration is the huge jump in value from AU-MS with this coin. A TPG would likely hold this one to stricter scrutiny before creating such wealth. Caveat: The photos are somewhat overexposed, possibly eliminating detail which would change my opinion. |
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Rest in Peace
United States
2684 Posts |
quote:
Originally posted by Metalman
Fred always forgets that the O mints are typically weak in certian areas. Strike quality plays a larger part in grades above 64 in these coins since very few grade 65 and above.
I see nothing to keep this coin from being an MS-63 all things considered.
Rick
No, not forgetting. Just hedging my bets  on O mint coins since it's so difficult to assess weak strike coins. Dave has got it: given the potential value of this coin, the TPGs are gonna market-grade it downward. You still got that @#$%^ O Morgan that was giving me fits?  |
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Pillar of the Community
United States
1703 Posts |
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Pillar of the Community
United States
7123 Posts |
quote:
Originally posted by Morgan Fred
[quote]Originally posted by Metalman
Fred always forgets that the O mints are typically weak in certian areas. Strike quality plays a larger part in grades above 64 in these coins since very few grade 65 and above.
I see nothing to keep this coin from being an MS-63 all things considered.
Rick
No, not forgetting. Just hedging my bets on O mint coins since it's so difficult to assess weak strike coins. Dave has got it: given the potential value of this coin, the TPGs are gonna market-grade it downward. You still got that @#$%^ O Morgan that was giving me fits? [/quote/] Yes sir !! still have it,, I was going to send it in for grading at anacs(Im to cheap) to join the other private clubs,, for submissions. But with all the top tier shuffling going on I'm going to sit on it a bit and see what happens first. To answer the market grading opinion,, why would someone want to devalue their coin by having a top TPG control the value of it ? That to me seems dumb !! Rick |
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Rest in Peace
United States
2684 Posts |
quote:
Originally posted by Metalman
To answer the market grading opinion,, why would someone want to devalue their coin by having a top TPG control the value of it ? That to me seems dumb !!
Rick
No reason at all unless one wants to turn it over. A raw Morgan will bring only about half its actual value as determined by a top TPG after it's been slabbed. Just because I say a raw coin is an MS-63 in an auction doesn't make it so. On the buying side, I'm not gonna take some seller's word that it's what he says it is. I'm only gonna believe what he says if it's in a slab. As long as I hang onto a coin for my own use, I'm gonna grade it whatever I want, but its actual value can't be determined until it's time to sell. In the instance of this 94-O, since we can't agree whether it's an MS-62 or an MS-63 and there's a $2500 difference, somebody's gonna have to decide before it's sold. That somebody is a top TPG. And they control the market's puppet strings. The greatest devaluation of this Morgan would be if it were not slabbed prior to its sale. |
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Moderator
United States
23522 Posts |
If anything, the second set reinforces my opinion that it's an AU coin as opposed to MS. I see more 3-dimensionality in the new set, implying a better strike than originally thought.
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Pillar of the Community
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1703 Posts |
quote:
Originally posted by SuperDave
If anything, the second set reinforces my opinion that it's an AU coin as opposed to MS. I see more 3-dimensionality in the new set, implying a better strike than originally thought.
Dave, You are right about it being in the AU department but your a little low. The first ANACS grade was AU55.The second ANACS grade came back AU53 "cleaned".I have seen a LOT of cleaned coins and in my opinion, this is not one.No fine marks of any kind.No fading around stars or diminished luster,typical of dipping.I wanted to see if any of you came up with the "cleaned" senerio and you did not.Nor did ANACS the first time,and I know it wasen't cleaned before the second submission because I'm the one that removed it from the first ANACS slab. |
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Pillar of the Community
United States
7123 Posts |
Well just shoot me !!! I dont see the wear on the coin ? where is it ?
Rick
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Pillar of the Community
United States
1703 Posts |
quote:
Originally posted by Metalman
Well just shoot me !!! I dont see the wear on the coin ? where is it ?
Rick
Rick, I guess it depends on if one thinks the area on the eagles breast and above the ear of Miss Liberty is wear or a weak strike.I believe its a little of both.Like I said,I can see the breast feathers if I turn the coin at just the right angle.I suppose if ANACS considered it wear,then the AU grade and I won't fault them for that,but the downgrade and calling it cleaned I will.  |
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Pillar of the Community
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7123 Posts |
To me wear will show breaks in the luster of the coin, I dont see any breaks even on the wing tips, or the high lines of the cap,, as for cleaned I would not have suspected it based on the pics, My opinion is if the TPG is wrong on that aspect then I would not trust the grade either,, but the coin has been graded AU twice now by the same company ? Its interesting in a comical sort of way to see the slabbed coins in direct opposition to PCGS,ANA,and photograde grading standards,, I'm almost to the point of believing that the guides are a purposeful mis representation to heighten the allure of the TPG's !! Rick Rick |
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Bedrock of the Community
United States
14454 Posts |
what was the reasoning behind cracking it out and resubmitting it to ANACS again? Did you feel it was a lock for an upgrade? It seems you shot yourself in the foot on this one because the "cleaned" designation will make the value of this coin drop a considerable amount, not to mention they dropped the grade also
Edited by Bryan1315
11/26/2006 3:40 pm
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Pillar of the Community
United States
1703 Posts |
quote:
Originally posted by Bryan1315
what was the reasoning behind cracking it out and resubmitting it to ANACS again? Did you feel it was a lock for an upgrade? It seems you shot yourself in the foot on this one because the "cleaned" designation will make the value of this coin drop a considerable amount, not to mention they dropped the grade also
Bryan, I wanted it in the new holder and I actually thought was better than the first grade and if nothing else,it would stay the same grade.MY MISTAKE.  It won't happen again.Also,I had four others going in at the same time.All that had already been graded before by other grading companies.All of which ANACS downgraded except one low value coin.OK,I'll quit crying now.   Edited by TLS5933
11/26/2006 3:57 pm
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Replies: 31 / Views: 2,219 |
Posted 11/25/2006 10:52 pm
