Someone please explain Morgan dollar grade

I can't guarantee it would have or not. I can however guarantee you will never find out.

 

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Sorry. already sent it. I'm done.

 

Well said.

 

Again well said.

 

Because if the grade is favorable it increases the value which in turn makes more profit. It is a risk the coin owner takes by sending it for grading. For that reason, I would only consider grading a coin where a difference in grade well exceeds the cost of grading. Trusting or not trusting a TPG should not matter. You're just hoping they grade favorable.

 

In this case the OP doesn't see anything wrong with the coin. Since it is possible that the TPG made an error, I don't see anything wrong with cracking it open.

Now lets say hypothetically that the OP does see something wrong with it and cracks it out to sell it. As long as he is not being dishonest about the coin in the description and provides good photos of the coin, I still don't see anything wrong with that either.

 

Perhaps for good reasons or not though, most people do trust them ( PCGS, NGC, more than others), that is why people will pay the fees they charge. They are being paid to judge a coin, they do not try to educate people about any problems they see, just give a grade or authentication.

There are some so called TPGs who will give you whatever grade you want, but their grade doesn't raise the value when you sell it.

 

Very true. I agree. And if the coin owner doesn't agree with the grade then the coin owner has every right to crack it out of the slab. If a buyer wants to know what grade a TPG thinks the coin is, then the buyer should pay for the grading (assuming seller is willing to let it be graded) or not buy the coin.

True. Each TPG has their reputation and rightfully so. This is irrelevant though when discussing if it is unethical of a coin owner to crack open the slab if they disagree with the grade.

 

The original topic was about how did this grade come about. The further discussion of such led to questioning of the role of the TPG and then eventually to the subject of cracking it out. I was referring to your post #45.

I really don't care what people do with their coins and/or slab, so cracking a slab is not a large interest if they do so, wasted money... but so are lottery tickets if you don't win

 

The discussion has strayed a little from the original topic. I agree with you though, TPG role and cracking slabs are different things and whatever someone chooses to do is their prerogative. I also agree that the TPG doesn't have to explain their grade down to specifics (although in some cases it might help their future business). Lastly, nice analogy with lotto tickets.

 

True. Each TPG has their reputation and rightfully so. This is irrelevant though when discussing if it is unethical of a coin owner to crack open the slab if they disagree with the grade.[/quote]

Sorry but I feel the need to jump back in here. I want to make clear that I do not feel it is unethical at all to crack a slab out if you disagree with the grade. It's your coin and your slab, do with them as you wish.
To turn around and sell as a problem free coin is where I feel ethics come into play. If the OP is so certain that it was a fault on the TPG, why wouldn't you now resubmit if you were confident it would grade? As someone only in this hobby a year, to know this is an acceptable practice is sad and to be honest, makes the TPG that much more important to me when I buy.

 

I can start a new thread as this has strayed from the OP. Mods feel free to let me know and I will.

But I would like to know the general opinion of the coin community as well. If you get an unfavorable grade, disagree with the grade, crack it, and sell it as UNC that has to be considered unethical right? I always assumed so but saw more than one opinion in this thread that it is not.

If it isn't I would like to know.

 

I have submitted a coin, it came back a problem coin, cracked it out, and submitted it again, and it came back with a grade. I have done this twice. Don't depend on a TPG to much, you still can get burned.

 

wow this turned into an argument. I will sell it to another dealer or maybe try anacs im not sure.

 

By the way rolljunkie i think your ethics are confusing you. Grades are opinions and because i feel it is problem free i may sell it cracked. Or i may resubmit. Either way if you are purchasing morgan dollars in the future you may want to look at the coin and not trust anyone by their opinion , including tpgs

 

I don't think I'm confused. TPG's only get it right when they grade it as the owner was expecting. If not they got it wrong for a multitude of potential reasons, none which could be the owner over-grading their own coin.

 

Yeah, ethics can be very bothersome.......

 

This is where you are confused. A grade is an opinion. There is no wrong or right . Imho they were off on this one. Many times I am link oh I hope I get a 65 but I get a 64. Are they wrong. No. Am I. No. I think you are acting like what they say is end all and it just isn't. That's why you resubmit or sell it. And is that unethical to resubmit? Now what if NGC grades the same coin 65? Can I sell it now or am I being unethical. Answer that

 

[qagre

I agree 100% yet on this coin both others and myself cannot find the problem. O well water under the bridge now