Could this coin upgrade?

Discussion in 'US Coins Forum' started by Savy, Mar 7, 2014.

  1. Savy

    Savy Well-Known Member

    Here is a PCGS MS64+ 1890 Morgan. I would like to get your opinion on whether this coin would upgrade or not if resent to PCGS.
    Thanks for your help!
     

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  3. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    It might be close, but I'm leaning toward, "No!" You have the hit on her eyebrow, the vertical gouge on the right side of the eagle's breast and the hit on the rim near 12 o'clock on the reverse.

    Chris
     
  4. Mkman123

    Mkman123 Well-Known Member

    send it to CAC :)
     
  5. Savy

    Savy Well-Known Member

    CAC hasn't been accepting new memberships for a while. Plus to join I believe I need to be a member of the ANA. And I live in Canada so shipping would be crazy. I'd rather just send it to PCGS :)
     
  6. 19Lyds

    19Lyds Member of the United States of Confusion

    My experience has been that if you submit it enough times, RAW, anything is possible.
    However, if you submit it in the 64+ Plastic, I doubt that it would ever get beyond the initial inspection and would return to you in MS64+ Plastic 10 out of 10 times.
     
  7. Savy

    Savy Well-Known Member

    That is why I would crack it out. I'd have a much higher chance at the coin upgrading if I sent it raw. They rarely upgrade coins if they are in the plastic. I have heard about them upgrading slabbed coins, but it is quite rare.
     
  8. ldhair

    ldhair Clean Supporter

    I think it might get a 65 if sent in raw but it's not worth the cost or the risk.
    It could come back as just a 64. nice looking coin.
     
  9. Savy

    Savy Well-Known Member

    I'm already sending some coins in for grading, so I will get this one graded. I'm going to crack it out, and I'm hoping it upgrades because if it does it will be worth about $1500! The possible gain is worth the risk :)
     
  10. MORGANDOLLARS65

    MORGANDOLLARS65 New Member

    Howdy as a Morgan guy for over 30years-and yes just morgans I had my share of breaking morgans out and then resent them in again, My advice is LEAVE IT ALONE! You have a Great looking ms64 coin,Now unless you think a higher grade will get you a few more dollars-think- will that make a difference? If you should re-sumit it be warn you can get it back at a lower grade-like I said I've done it and regretted it in which I don"t do it anymore,.Well I believe you do have a strong ms65+ morgan but again the graders are all different and see's a coin different then the other! NO two will grade it the same, let alone the same grader if he has it again.Do you just collect morgans or just starting out? Like I said I've been collecting morgans before NGC or PCGS came into exitence and now I have all my morgans in ms64 maybe a few 65's but Iam starting another collection in ms65, I hope. Good luck on your morgans!
     
  11. Savy

    Savy Well-Known Member

    When I'm older, I want to be a coin dealer. Right now I'm trying to figure out possible ways to profit with coins. A lot of this is just for experience.
    Although, if the coin does downgrade, I could resubmit it until it gets an MS65 as I think it is an MS65+ as you said, so it shouldn't take too many tries to get an MS65. The difference in value of this coin in an MS64 as opposed to MS65 is huge. I think it is worth the risk :)
     
  12. JPeace$

    JPeace$ Coinaholic

    I say no, it won't upgrade. From the angle of the photo, you can see the light abrasions on the cheek. They're not deep, but there a more than a few. Strong 64, like it's already graded.
     
  13. Savy

    Savy Well-Known Member

    I think I'll risk it. I've seen MS65s in worse condition.
     
  14. Morgandude11

    Morgandude11 As long as it's Silver, I'm listening

    Not worth the time or money to submit. Keep it in the holder the way it is, and assume it is high in grade. Value would jump significantly, if it did upgrade, as it is a common coin in 64, but not in 65, so an upgrade would be unlikely for a borderline coin. Figure you won't get the upgrade, but go ahead and submit of you want--good chance of a downgrade to 64 as much as an upgrade, unless you specify minimum grade. I think the coin is properly graded, and the plus may be generous.
     
  15. Savy

    Savy Well-Known Member

    The listing was on eBay and I didn't end up getting it in time. Someone else snatched it up before I could.
     
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