Here is a little beauty that just arrived from NGC. I had thought MS-63 with maybe if the stars were in line Ms-64. Unfortunately NGC only sees this beauty as MS-62. Opinions?
the stars on the coin are in a curved line ; ) Does the "wear" on the face have to do with the grade?
The TPGs are notorious for being brutal on condition rarities like this '84-S. If this is an 84-O instead, there's no way it comes back as 62 (unless the reverse is considerably weaker than this). I saw a picture of someone's '97-O not long ago, sent to PCGS. Beautiful coin, if slightly mushy in strike; still it looked like a lock for 63 and 64 on a good day. It came back at 61. I don't know whether it's a desire to generate more revenue by encouraging crackouts and resubmissions or because they're afraid they may have to eat a coin with their guarantees if an appearance review is done later on...but when a coin rises in value exponentially with that one extra point in the grade, you can count on the coin being undergraded at least one point, and often two.
This is a good example of why it just kills me when folks say that PCGS is the most conservative Anyway - unless those are hits, hidden within the frost breaks on the cheek - that coin is a 63 - even by NGC standards. I think the strike is a touch weak in places for an S for it to make 64 with NGC - but the frost breaks wouldn't stop it from making MS63, 98 out of a 100 times. I could show you half a dozen '84-S Morgans that NGC did grade 63 - and none of them look as nice as that coin. Send it to PCGS Nd - it might even make 64 with them
As much as I would love to send this coin in one more time, I have a wantlist pile two feet deep. Time to make the money and move on to the next one. She does have hits on the cheek, but the frost covers most of it. I can't complain, I make money, and that is afterall what keeps me looking for the next one. I have my eye on an original 1861 Confederate Cent, NCG MS-61 currently being held by a dealer in California. Here is to keeping the fingers crossed.
Hey ND...I have a question for you. Oh...and welcome back first of all! On another thread you displayed some Morgans that were back from PCGS and here one from NGC. I know the grading services have been discussed to death on these boards, but I was just curious what your method is to determine where to send these, or do you just try and split your business between the grading services? Just curious, I guess.. Thanks!
That is an easy one. I personally prefer using NGC, as I believe that their standards are more strict at this time. So I will give a break down of how the decision gets made. 1. Customer preferrence. The vast majority of my holdings are "sold" or "reserved" by my customers before I ever purchase the coin. A lot of wantlist material. 2. Open market value of coin. PCGS still holds a slight edge in the market of most US coins. So if the value is enough, the coins go to PCGS. 3. Any variety concerns. Each grading company has their own rules for attributing varieties. 4. If any coin has seen some cleaning or has a problem or an off the wall variety, they are sent to Anacs. 5. Lastly, some coins receive different standards by different graders. Now this is true within the same company. I have submitted a coin multiple times to the same company and received different grades. NGC as of today has a more consistent grading scheme. Now this has changed and probably will again.
Well, ND, it looks like a strong MS63 to me. Maybe whoever handled your coin at NGC was having a bad day? BTW, I love your new avatar.
