Funny you say that. I too have noticed TPGs practice DEI depending on year, model, and make. They let an awful lot slide on depending on the year, mint and conditional rarity. That being said, that's a gem of a coin.
that's a tough call 81s's are probably the most undergraded of all morgans. That said I would GTG on the slab at a MS64 but... with those beautiful cartwheels on both obv/rev, very nice frosting on the reverse... and seemingly very smooth/reflective fields... any other year that coin would border on PL but as an 81s I strongly doubt it wears a PL
This is why I don't usually chime in. You can't tell from a photo if there is any wear on a coin if the lighting is obscuring the breast feathers on a Morgan. The hair on the obverse is usually the indicator. But many Morgans had a weak strike. And years when there were hoards of coins suddenly on the market, the TPGs seemed to started comparing them with the rest of that year and mint's population of known UNC coins. Imagine being the male captain of the Swedish Bikini Team. You suddenly start raising your standards and get pickier?
Agree. Except the part about raising standards. I would just be happy to be part of the team, if I was single that is. As far as the coin? I also agree on it being difficult to grade by photo's alone. Must be in hand. JMHO.
I'll bet there isn't one person here who will argue the point that the TPGs give more leeway to Morgan CCs and the 1893-95 coins as far as leniency. We all know it, it's just not talked about in polite company.