GTG Not your typical Morgan (no SLEC required?)

What do you all think PCGS graded this example?

 

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You got it graded?
P 01?

 

It was sent to PCGS (not by me, but by a friend).

 

It was graded MS-LOL+

 

Genuine Not Gradable, reverse scratches and rim damage.

 

The low ballers would pay a bunch for it.

 

PR70UCAM - mistake?

 

Amtrak-70.

 

FR-02

 

The reverse is absolutely PO-01.

The obverse is a borderline PO-01 or FR-02 (you shouldn't see any stars for an 01).

PO-01 is where the big money is, but I think its borderline.

 

This

 

To be honest, I'd really hope that scratches and rim dings like this would be considered "normal wear" at this state. If not, it would solidify my suspicion that the only way to get a winning lowball grade involves a bag of coins and a shaker table.

 

I think it reaches P-01 even with obverse stars visible. This extent of wear can and will vary from coin to coin.

 

P01?

 

It won't grade unless the identity or lack of a mint mark can be conclusively determined. From these pics, I don't see how that's possible although better details of the MM area might change my mind. For the moment, "Genuine Not Gradable."

 

Assuming it can be identified I think 02

 

P-01

 

Fr 2

 

In my book it should be an FR-02, but when I was a lowballer I sent in a lot that looked like that and many came back N graded. Personally I think the graders are getting a little more forgiving on minor rim damage on true lowball coins because the wear is a part of the definition I guess. There is little to no lettering in Liberty's crown, but the devices on both sides still have a lot of strong outline to them. I give the reverse a 1, but I doubt it would carry the day.

 

So did PCGS end up going with @SuperDave (couldn't identify the mint mark) or do they believe it is counterfeit?
The weight is 24.3 grams.