Looks heavily circulated to me but I've been surprised before and wouldn't exactly call it(beautiful). https://www.ebay.com/itm/134018637024?_trkparms=amclksrc=ITM&aid=111001&algo=REC.S
I agree with you @potty dollar 1878. That is one fugly coin. Obverse fields look impaired to left of face, fingerprints to the right of head. The 'patina' looks more like cleaning and seems to be obscuring the high points in the hair that look like wear. If that is the case it should be AU at best. Reverse has 'marks' that look like cleaning and scratches, appearance of lots of wear. @Jack D. Young can you tell if this slab is genuine?
That's why I checked NGC verification. Same coin, same fingerprint on the reverse. I wondered if the eBayer had used a photo of just the top of the slab, but it seems to be authentic.
Wow, the grading of that coin by NGC would certainly discourage me from ever using their services. As Millard just said, "That coin wouldn't even get AU."
Reminds me of an artificially toned coin to cover up a poor cleaning. Not sure how it got it's grade.
I don't see this toning as wildly abnormal - I've seen other straight graded Morgans that look similar. That said, I don't know what causes it and agree that it's unattractive.
don't get me wrong.. I got a crappy looking MS morgan as well but that "toning" has been worked at in some way showing scratches and rub... This is my "ugly" morgan ... no rub no scratches and she only got a 62.. this is what i expect that one looked like before the attempt to dr it...
The 1887 is a common date coin. That's a coin that was technically graded as a MS 64. It's not a coin I would even consider buying unless it was sold for MS 60 money and even then, I would likely pass on it. Someone will buy it on Ebay and think they got a deal on it.
It's a legitimate slab. The coin is a crusty Morgan that does not look attractive. Grade wise, 64 is likely fine. It has a clean cheek (not often seen on Morgans graded below 64) and relatively unmarked fields. The luster is likely subdued and eye appeal is below average (at least to most who would see it). Thus it gets a 64. Better luster and it might have been a higher grade!