They are a decent SECOND tier grading company. Many of the coins in the OLDER ANACS slabs are really nice. I don't think the current state of the company is as strong on grading as they were, but older ANACS coins do often command a good premium, and as I said lots of nice coins in their holders. This coin is one of them. Under graded? As I said, I would have said 63, but from the photograph, there is obviously something that brought the grade down--I think that rough looking area on the obverse, right hand field.
The only thing is, this coin was most certainly graded 10-15 years ago. Has gradeflation happened enough to bump this coin up a notch or two? By todays standard will it come away as a 63 or a 64? Its obvious to me that when it was slabbed, the grader saw something to bump it down to a 61, and until its in hand, I wont know for sure (usually the culprit is a well hidden scratch), and how it will apply against todays standard. We shall see, it will be interesting, and very little downside for me.
No, today's standards, and 10-15 years ago are NO different. The cult of TPG hate would say otherwise, but that Morgan looks like a 63 from that picture. I suspect that area in the "UNUM" location brought it down.
Ok. Coin arrived today, and ANACS seems to have got this one right, at least to me. The whole face of Liberty is banged up, just not in such a way that it shows up that much in pictures or in hand. There seem to be tiny pock marks and then some light hair lining only over Liberty's cheek. Likely from an album slide as the reverse doesn't exhibit the same phenomenon and the luster is fairly robust and undisturbed. With that being said, this coin is more reminiscent of being an AU-63 than anything else. What I mean by that is this coin is 'technically' a 61 by all accounts of that standard, but the 'look' of the coin is more consistent with that of a 63 or a 64. And guess what guys. I am ok with that. Basically I got the eye appeal of a 63/64 for the price tag of a 61. Here's a picture. What do the Morgan experts think?
In my humblest of opinions, the reverse is the real beauty on this coin. The luster is incredible. There are two small areas that I can only describe as friction rubs on either side of the eagle in the largest open portion of the fields. There arent any hairlines in those areas, but the luster seems just a bit different in those two particular regions. Other than that, I think the reverse is closer to a Gem grade. I feel like this coin sat in an album and saw abuse on the obverse from the plastic slides. The reverse just doesnt make much sense in its status of preservation otherwise.
Hi frog! great to see you around, would like to see your kenyan coin collection. Am particularly interested in the Nonagonal five shilling coin and the two shilling coin, i could use some help finding those. Cheers, kenyanumismatics@gmail.com