I would have bought the coin as a MS 63 with that pretty toning. I just plain don't see the rub, but evidently the TPG does see it that way.
I see a very very slight rub in-hand, where the lighter toned areas of the hair is... but I'm not familiar with Morgans as much as I need to be. Trying to learn. The eagle breast feathers are a bit weak for uncirculated IMO, but that may be a strike element for the date. I grabbed it up at $41. No brainer at that price.
No argument with the price, but I will give you your first hint on grading. Weak breast feathers have absolutely nothing to do with being uncirculated. The breast could be dead flat and still be uncirculated - so long as they were not worn flat. The strike (i.e. breast feathers) cannot make a coin circulated. For instance http://www.cointalk.com/threads/guess-the-grade-576-new.237374/#post-1800133
Are you going to do any Bust halves ? And $41 I'd buy them all day long if they looked like that . Nice pick up .
WHAT ?????!!! Crack it out and get it REGRADED! And KEEP sending it back until the give you a 62! It's a 62, dang it. (just kidding) Back to reading the descriptions in Making the Grade.... Attractive coin, regardless of grade.
Great pick-up at that price. You don't want it, I'd buy it from you, and just out of curiosity, I'd send it to NGC on a crack out. I bet it would return back as MS. lol
I went to my first "large" coin show a few weeks ago - did a lot of listening. I always thought when the coin is graded at say, PCGS, that more than one person (grader) inspected the coin. From listening to multiple dealers I now understand that ONE person does the grading... My assumption was a few graders looked at a coin. Is this accurate information?
NO. Multiple graders give their opinion and then if there is a disagreement, another grader comes in as a tie-breaker to make it final.
Do the graders "see" who submitted the coin? As I've aged, my rose colored glasses have become extremely tinted... Are there safeguards against preferential treatment or, in a worse case scenario, flat out corruption?
Wow, great buy at $41. I thought AU58, because I see a small rub in the cap and on her hair above her forehead.