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Guess the grade--NGC 1881-S Morgan Dollar
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<p>[QUOTE="Lehigh96, post: 416379, member: 15309"]Eddie,</p><p><br /></p><p>You might want to re-read the threads about market grading. If you are saying that the coin is an MS66 (technical grade) then the market grade of MS68 is caused by the combination of outstanding strike, superb luster, and dynamite eye appeal (i.e. toning). Everybody has agreed that the strike is excellent but not the best they have ever seen. That leaves toning and luster that market graded the coin up two points. Although the luster is phenomenal and can't truly be appreciated in photos, the toning is not impressive enough to warrant a market grade bump upwards of 2 points. </p><p><br /></p><p>You mention that the coin has too many bag marks to warrant even an MS67 grade. Where are these phantom bag marks that you are seeing. The imperfections in the fields are luster grazes (not bag marks) and their impact on grade is not the same as a bag mark. The cheek is flawless to the naked eye, there is not a single discernible bag mark on the focal areas. This coin is an MS67 all day long and a PQ one at that which explains why it resides in an MS68 holder.</p><p><br /></p><p>Furthermore, your whole explanation is inherently flawed. You claim that the reason why the coin is an MS68 now is because of Market Grading and that 5 years ago NGC would have assigned a grade of MS66. NGC (and PCGS) have market graded all of their coins since their inception. Therefore, what you are talking about is not market grading, it is NGC loosening their standards for particular grades. I promise you that if NGC loosend their grading standards to this extent and became that inconsistent that we would not have a big two of TPG's, and that PCGS would stand alone as the only reputable TPG.</p><p><br /></p><p>That is simply not the case. The truth is that this coin is accurately graded and is market acceptable as an MS68 whereas it would probably only merit an MS67 if it were graded technically. When does a PQ MS67 Morgan become a market acceptable MS68? Right here with this coin.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 416379, member: 15309"]Eddie, You might want to re-read the threads about market grading. If you are saying that the coin is an MS66 (technical grade) then the market grade of MS68 is caused by the combination of outstanding strike, superb luster, and dynamite eye appeal (i.e. toning). Everybody has agreed that the strike is excellent but not the best they have ever seen. That leaves toning and luster that market graded the coin up two points. Although the luster is phenomenal and can't truly be appreciated in photos, the toning is not impressive enough to warrant a market grade bump upwards of 2 points. You mention that the coin has too many bag marks to warrant even an MS67 grade. Where are these phantom bag marks that you are seeing. The imperfections in the fields are luster grazes (not bag marks) and their impact on grade is not the same as a bag mark. The cheek is flawless to the naked eye, there is not a single discernible bag mark on the focal areas. This coin is an MS67 all day long and a PQ one at that which explains why it resides in an MS68 holder. Furthermore, your whole explanation is inherently flawed. You claim that the reason why the coin is an MS68 now is because of Market Grading and that 5 years ago NGC would have assigned a grade of MS66. NGC (and PCGS) have market graded all of their coins since their inception. Therefore, what you are talking about is not market grading, it is NGC loosening their standards for particular grades. I promise you that if NGC loosend their grading standards to this extent and became that inconsistent that we would not have a big two of TPG's, and that PCGS would stand alone as the only reputable TPG. That is simply not the case. The truth is that this coin is accurately graded and is market acceptable as an MS68 whereas it would probably only merit an MS67 if it were graded technically. When does a PQ MS67 Morgan become a market acceptable MS68? Right here with this coin.[/QUOTE]
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Guess the grade--NGC 1881-S Morgan Dollar
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