This was labeled as PL UNC. What do you guys think? Is that accurate? What is an estimated value on this coin?
Oh nice. I have been on this morgan dollar kick lately. I was expecting to hear that this looks AU. Too bad its not PL, but it looks more prooflike than any other I have. These are the pics from ebay. I just purchased this today for $35, so I feel I paid the right price.
AU obverse and MS reverse. The obverse drags it down but a TPG would probably let it slide as MS. It's not PL
I'm glad you mentioned that. That reminds me about something I've been meaning to ask regarding luster. How important is the luster in terms of grading? Meaning, a coin can most definitely be MS without luster (I assume), but does that mean without luster or diminished luster, the coin can never reach a certain grade(ms65 etc..)?
Just tell me $35 was a good price and I will be happy! It was my birthday gift for myself. Tomorrow is my 38th bday!
I am very new at this but from what I read MS has to be without sign of wear. I may be wrong but I think you have a slight spot right on the eagles chest. My very unprofessional opinion would give it AU. If I'm wrong I wont be offended if you point it out I'm trying to learn.
Well, what I do know about morgan dollars and grading is: When these were produced they were put into bags with a bunch of other morgans. So, A mark like you see there can still be mint state. They get 'bag marks' from rubbing on the canvas bags and other coins. These arenlt very good images so I am not so sure you can even see the details good enough to make that assumption. A mark like that on a modern coin would be a giveaway thats its not unc however. I am also trying to learn! Take a look at PCGS phtograde here and you will see how they can have quite a bit of marks and still be MS+ Hope I said that right.
Gobble Gobble !! I'm not so sure those are luster breaks Matt. I do think those areas have rough handling marks but I don't see it as being due to wear. Am thinking it looks the way it does more because of the pics than anything else. If there was wear down in the fields like that then there'd almost have to be some on the high points too and I can't see it. Thus my opinion.
Luster is arguably the single most important grading criteria there is. Bad assumption. If a coin has no luster whatsoever you can almost be assured that it is not MS. Yes it does in a way. A coin doesn't have to have full mint luster to get the 65 grade but it can't be diminished very much and still get it. And breaks in the luster are what tells you that a coin has wear and is no longer MS but AU or less.
The 1 part of the picture I can tell for sure is a luster break is circled... you can clearly see the break in the luster. The protected luster close to the devices is reflecting the light but the area with the luster break is not.
