I looked it over and to me nothing looks clearly off. I used to own an MS 61 toned Morgan that had very few hits (closer to a 64) but had a patch of hairlines in the bottom obverse field that was clear at an angle. So it looked like that one was net graded instead of being a details coin. Here I don't see anything as severe but PCGS called in cleaned at least twice now (maybe more times before I bought it). Maybe they don't want to net grade it as that would likely cause the value to skyrocket (even as a straight graded MS 61 I would think this one would fetch very strong money on the market).
This went to my watched threads box, didn't get the alert. Pretty coin, something was just telling me that the coin was helped along. Too bad about the hairlines. I think I can see them in your last photo.
Part 2 posted here https://www.cointalk.com/threads/a-first-for-me-show-grading-guess-the-grade-part-2-of-5.396102/
@ddddd Postscript—that coin, if straight graded, would bring in big money. Collectors bid against themselves to get a piece with that kind of obverse toning. If I thought it looked cleaned, I would never have said 65. I see NO indication of cleaning. I think somebody misgraded it in the first shot. PCGS was reluctant to overturn their own judgement . Nobody bets against themselves in a poker game, and PCGS is cautious. At this point, what do you have to lose? Get the cutting pliers, and send it in raw, to NGC. Take the ordinary slow service, and take the chance that it would straight grade. I would be almost certain it gets a 63 or 64 star grade. At worst, I would bet on a net graded coin—as low as 61- 62 or 63 or so, if they thought a light wipe took place. Even at that grade, with that kind of beast color, it gets bid big time at Great Collections. You and I have seen less nice coins go for 5 grand, or more.
I did submit this one raw to PCGS. I cracked it out along with the other 4. So PCGS had no way of knowing what it previously graded unless the grader remembered the coin.
I don't see anything obvious. There are some areas that could be the reason but I've seen similar on other coins (worse on the MS 61 I mentioned on an earlier post). Plus two dealers mentioned two different places (one said reverse while the other said obverse) of where they thought the cleaning was.