See, but your mind regarding the issue of grading isn't the important one, with all due respect. Whatever one wishes to call it, that is a key date gem Morgan-- surely one of the very best in the opinion of those who matter in transactions of coins such as this: the high end collectors are the ones who care, and need to care. The article is quite correct about the frequency of Morgan contact marks, and that they are often secondary to the quality of the surfaces, luster, color, and other tangibles. Doug, I can't even seriously address your comments, when you grade EVERY coin in the realm 1-3 grades lower than reality dictates. That is just plain wrong, shows a lack of sensitivity to the hobby ( irrespective of your experiences).
Well Dave you might have a point if I was the only one who thinks the TPGs overgrade coins. Problem is, I'm not. A great many other knowledgeable collectors and dealers happen to agree with me that the TPGs routinely overgrade coins today.
This isn't a thread on grading anyway. This is a thread on a million dollar Morgan--- one of 3 or 4 finest!!!
The toning on this coin is simply not attractive. Toning enthusiasts use the term "wholly original" to describe toned coins of this nature. It is like saying a girl has a nice personality. If this coin was an 1881-S as opposed to an 1893-S, nobody would want it. That said, it would be a shame to see this thread turn into another thread about the TPGs changing their grading standards.
I agree with the majority. On a scale of one to ten toning-wise, this thing is like a 4 or so...nothing special at all. This is one that in my opinion would be unaffected by the toning (as far as making the price higher/lower). If I had the dough to fund this type of purchase I would look elsewhere for sure. A great Morgan, and the 67 grade is not out of the question, but in my opinion, this coin wouldn't even be on my radar if I was buying coins of that value.
I don't love the toning on the Morgan but I don't hate it hopefully in another 50 years it will progress into something more attractive unless some moron tries to "improve" it like they did with the Norweb coin which I find bland boring and just plain awful looking. At least this one still has its original skin. But for $1 mil I'd buy an 84 proof trade and a bunch of pretty commoner date trades and morgans
Wow. That coin is fugly. If I had a million bucks to spend on a coin, I can think of at least a hundred other things that I would rather have. Of course, pretty much the entire Morgan series is dull and boring to me.