1892CC Guess the Grade

Here's a 1892CC I found, I was pretty surprised with the grade PCGS gave it, what does everyone else think.

** This is not my coin, I'll post the link to the coin a little later**
1892-CC $1 PCGS MS64 - eBay (item 140325059650 end time Jun-11-09 12:58:48 PDT)

 

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Ok, I'll bite. I'm thinking an MS-60.

 

AU55 DMPL... Is what I think I might grade it

But... Maybe PCGS said MS62 DMPL

 

I'll agree with T$ AU-58 , other than the slight wear a beautiful coin .
rzage

 

AU-55

Your pictures make it look unscathed. Great looking piece!

 

I'm going to say that the photos are bad for this coin. To me, this coin looks AU-50 or so based on the photos. But, I know that poorly struck 1892-CC Morgan's are known. So, since the OP was surprised with this grade...I'm going to say that this coin has no wear but is a poor strike. Combine that with a poor photo that makes the high points look dull (and thus appear as luster breaks)...and you get a very deceptive situation.

So, assuming all that...I'm going to say this coin was graded MS64. The fields are very clean and the coin has few detracting marks. With the strike, I can't imagine it would grade any higher.

 

Well, I think it has more to do than just the strike
You can see that the breast feathers have been worn away, because some of them are still faint.
If this was a weakly struck piece, I don't think it could have this much wear, and still grade at MS64...
But you never know when PCGS is going to be generous... Goes for any grading company...

 

I don't think you can access the strike fully with these photos. The lighting creates an illusion that the luster has been worn off the high points when it may not have been. It very well may be circulated...but I won't be a but surprised to see it grade MS. If it grades MS, because the coin is free of bag marks it should be in the mid-60s. PCGS doesn't tend to worry about strike too much if the coin has nice eye appeal. This coin appears to have nice luster and is mark free. If this is a poor strike, which I believe it is, this coin will be a MS64 minimum IMHO.

Like I said before, 1892-CC are typically a nicely struck year but there are quite a few examples of poorly struck coins. So, this could very easily be one of those. If that is the case, I would pass on this coin because a nice strike can be easily located.

 

TPGs regulary bump up the grade a point for CC MMs and for rarer dates , that and the almost pristine fields could make a AU coin a MS-63 , jmo .
rzage

 

I go with AU-58 also.

 

I agree that CC Morgan's regularly get grade bumps because of the mint...but I can't imagine they would make a coin that was AU into an MS. The coin either has wear or it doesn't, there is no subjectivity there.

 

i would say its a 55 but i bet pcgs gave it a 58.

 

Actually I was reading one of Travers books this morning and he sited an example of BUST HALF with slight but definate wear that was resubmitted and got a 64 , This happens more than you could imagine , and I feel like you that wear is wear , but that's market grading for you , most tpg graders look at the fields if they are nice they routinely forgive minor wear . Stinks to me if you ask .
rzage:whistle:

 

I saw this and do not agree so I will leave it at that - Its a worn piece

 

My first thought when I saw the pictures was the luster was broken from wear - that caused the lighter gray color. So I will go with AU58 and probably be wrong.

 

I think that is terrible. Wear is wear. If a coin has wear, the highest it can grade is AU59...period. The TPGs need to have some restraint with their market grading.

With this Morgan, I think the lighting makes it impossible to determine if those high points are worn or if it is just a poor strike. The way the high points jump out it looks like the luster has been worn off...but I have a feeling that isn't the case here. I think looking at this coin in hand would reveal something very different.

 

If the pics are some what accurate, and I'm sure I'll get lambasted for this but, my grade is EF45, I'll guess the TPG gave it a AU55.

 

1892-CC $1 PCGS MS64 - eBay (item 140325059650 end time Jun-11-09 12:58:48 PDT)

Yep, great job Camaro! A 64 at first glance I was shocked, but then I looked it over, and was slightly less shocked, but I still don't know about a 64. It has to be the weakest struck Morgan I've ever seen, luster is great, which makes it so hard to grade, but apparently PCGS decided on 64.

 

I tend to agree with you and that is why I usually say something about what I see(or try to). I have seen weak strikes just like this in 63/64 holders.

 

I would love to see this coin in hand as I have never seen a Morgan quite this poorly struck for a date not known for it. Had this been a 1892-O I wouldn't be surprised in the least but the 1892-CC is considered a well struck date. I think if this coin was in hand one could move it in the light and observe the luster and see that it likely extends over the high points.

That being said, I wouldn't personally buy this coin because it is a date easily found with a nice strike.