1894 Morgan Guess The Grade

I'm in the MS-64 camp. She's a beauty, she's welcome in my collection.

 

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So when I bought this coin, I was looking for an upgrade better than an AU-50. I saw this coin and another one that was graded MS-62 that was high priced. I fell in love with this coin that is an AU-58 that looked way better than the MS-62 1894 and cost less than the MS coin. I feel like it is a ideal slider coin. There are some contact marks but by far this coin is the best looking and most luster for an AU coin I own.

 

AU-58 i can see it getting that grade. Wow man a lot of people were way off including myself pretty nice coin and in my opinion its under-graded by a few.

 

So I felt it was under graded too, but I am happy with it being an AU-58 as well, I am sure I could play the resubmit game over and over and try to edge it to a higher grade.

 

As an AU 58, that coin is well-priced. I personally think it could grade as low grade MS—you might want to think of submitting to NGC, as it looks more like a baggy MS than a lightly circulated AU coin. I thought 62 to 63 tops, so you might be well-advised to do a grade specified submission to cross at minimum 61. It would be worth the investment. As an AU coin, you got a great deal.

 

They were conservative.

 

So that is what blows my mind on grading companies, I have this 1896-O that graded MS-60, and I feel the 1894 is way better.

 

Because its a key date coin and the rapid,high price increases into MS?

 

I would say they both jump up big in MS grades. Both are rather tough coins. The 1896-O would be a conditional rarity more than limited minting.

 

They were price-conservative. You are correct—it is better than the 96o. Take my word for this, it may well cross as MS. I went through this with my 1884s at AU 58, and it crossed, finally, after 2 attempts as a MS 60. If you get lucky, you have a huge price jump. Well worth the risk.

 

I’ll have to attempt it.

 

Not surprised at AU 58. I went with MS 63. AU 58 is hard to judge based on pictures. I just went back and looked at the coin and I can detect what might be a slight rub above the ear and possibly on the eagles breast. Nice slider.

 

hey Kozmo70 you got a good looking coin. I'm giving her a MS63. good luck man

 

ms63

 

AU-58s should look better than MS63s every day.

 

How old is the slab? Just for grins. I am wondering this because either it is in a year slab where they went conservative (or still were).
Or, there is something with the surfaces that the true view isn't capturing. It may be relegated to the 9 0clock areas on the coin and they looked past an area of concern.
Still that is a beautiful Morgan, and you should be proud to have it at that grade.

 

Nah, they are being conservative, due to the big monetary jump. That coin is MS, probably 62-63. I am pretty sure that if the OP is willing to cross it, it will cross as MS 60 or 61, and will double in value. In the Morgan series, which I know quite well, it is one of the 4 most conservatively graded coins, with 1884s being the most conservatively graded coin. However, I have seen many of those high AU coins cross as MS. There are contact marks on that coin, but I see no wear. That was simply an excuse for PCGS to cover its posterior, in terms of increasing grade conditional rarity.

 

An AU58 should cross higher than an MS63. An AU58 is an MS68 with a minimal of wear on it somewhere, and is hardly noticeable.

 

BTW - I can't see it as an AU58 either. Not according to ANA standards. There is too much chatter on that coin to be a 58 anything.

 

You are wrong. Those are typical Morgan bagmarks.