This is being offered here, and i would appreciate your opinion on the grading of this coin. Thanks in advance
I wouldn't pay more than AU $ for this coin, Lightly circulated Morgan's can be very deceptive when they have good strikes. The average person just assumes its unc because most of the detail/luster is still visible.
How many marks can a coin have before you must think some of them had to come from circulation? Contemplate what sort of mark one Morgan can make upon another in a bag, and how many marks a coin can accumulate between strike and bag. Anything beyond that is proof of circulation. Which I think this coin has seen, although I've been wrong before.
There's also the whole casino thing which, if used on a poker table, would probably cause some slight rub and a few light contact marks. I can't look at a coin and say ah ha! Casino coin! But, it's always in the back of my mind when looking at a coin like this, I wish I knew someone who actually did frequent casinos in the day that used silver dollars as chips.And kept one as a momento. I'd also like to spy a Morgan that has the infamous horse shit shovel Mark across the cheek, you know from when they scooped them into bags... Sometimes I look at ms60-61 Morgan's and think; there's no way that coin hasn't seen SOME form of circulation.
An above average MS example IMO, 63. I'm not sure what the statistical distribution is on this date, probably average is around 62. They can be very generous on 63s; it depends on the luster, pretty dull and it wouldn't hit that.
I think this coin is one of those you would need to see in hand as it could be AU58 as well as Unc. Just too many issues, one angle can not resolve.
I have to agree with @SuperDave. I'm seeing circulation marks from maybe a few days pocket piece more than bagmarks. I'd be interested to see what a tpg says though
