I've been looking at a lot of these and honestly, my first initial impression before scrolling down was MS-63. I'm shocked. Too bad they don't have dates they were graded because I'd bet that one was done on a Monday. lol :goof:
I think people at forum are too conservative in grading, most of the coins in posts like this are being graded much higher than people think....The Morgan submitted by clembo seem uncirculated to me....
GAG, anyone who thinks that is a 67, please pm me as I now have 30 to 40 ms-69s to sell at ms67 prices. Of course mine aren't slabbed yet.
I posted a similar type coin graded by DGS.... MS67 I came to the conclusion that the deciding factor in a high grade like that ends up being the definition of what people view as "major distracting marks" vs. "contact marks". Based on how people view these marks a coin could do some serious swinging between 64 -67. This may not be the case but just what I gleaned from conversation. An MS67 can have contact marks in main focal areas (only a couple), but obviously not major distracting marks in a main focal area. Also a 67 cannot have any visible to the naked eye hairlines. One more thing.... it seems to me that coins like this can have small breaks in luster or spots that appear differently than most of the coins.... These may actually not be "marks", but I really don't know how to describe these?
Looking at the pictures a little closer, I don't even think that one is as nice as the one I posted from DGS. This 82-s does have "above average" luster IMO.... but it is hard to see how the neck issue would not bump it down to a 64. Also I think I can see hairlines on the reverse just from the picture.... Although they could be on the holder.... hard to tell.
The most commonly made mistake there is when collectors try to grade to their coins is that they under-grade them. Why ? Because they tend to exaggerate marks as a result of examing the coin under high magnification. 95% of all grading should be done with the naked eye. Magnification is only used for the highest grades. And even then nothing stronger than 5x should be used. That said, I would have to agree that NGC made the mistake on this one. I fully realize that not all MS67 graded Morgans will look the same, but take a look at some others of the same date, mint and grade slabbed by NGC and you be the judge. Example 1 Example 2 Example 3 Now take at some graded MS64 - Example 1 Example 2 Example 3 IMO the OP's coin should be re-submitted under the grading guarantee. And MS64 is a $50 coin, and MS67 is an $800 - $1200 coin.
GD while the coin is nowhere as nice as the 67s you showed I think it's a little nicer than the 64s , maybe a 65 ? rzage