Morgan Experts - need your opinions

Do you think the hit on the chin and under States would keep this from getting a "+" designation? I recently got it back from CAC.

 

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It doesn't make sense to me, either! In any case, I don't think it deserves a plus (+).

Chris

 

A 350% increase in value??

 

That's probably the difference between a 66 and 66+ without the CAC tag. With the CAC tag, I'd bet the differential is much smaller, if there even still is one.

 

You're correct. It is the increase without the CAC sticker.

 

You're absolutely correct, that was my motivation.

Doug: the increase is about 350%. Using the PCGS price guide (as we all know ALL price guides are extremely accurate..lol) the increase from 66 to 66+ is $800 to $3000. At 80%, the increase would be $800 to $1440. That being said, Numismedia now lists prices for CAC'd coins. In this particular case your 80% is very accurate. a 66 CAC goes to $1375 from a non-CAC 66 of $800.

 

What do you plan on doing with the coin, keep it or sell it? The CA sticker may influence their graders in some instances but is still no guarantee of getting the + you want for this coin.

 

I agree with the others that this coin does not warrant a "+." There are a few hits on the obverse and the reverse that I believe would prevent it from getting it.

I also agree that sending the coin to CAC first doesn't make a lot of sense. Let me ask you this...what is better? A MS66 CAC or an MS66+ CAC? Assuming this coin will CAC either way (which it should since CAC ignores the "+" aspect of the grade)...you will now need to send it back to CAC following the regrade to get it examined again.

Again, I personally don't think this coin will get a "+" but that's just my opinion.

 

I agree with all of you who say it would not "+". The biggest reason for the post was to learn from much more knowledgeable people in this area than I am when it comes to grading Morgan's. Being a large coin, it is more prone to bag marks, etc, and what is acceptable and what is not. I asked for the opinions because their is currently an MS66+ PCGS on Ebay that has a couple of cuts on the lower cheek, plainly visible, that I thought should not have received the "+" but did. Believe me, I am more than happy to have it at 66 with a CAC sticker!

 

That sure is a nice 1921. I like it as it sits. If a plus adds that much value, PCGS won't grade it casually - they should give it extra scrutiny. As others said, with the marks on the jaw and one on the nose, I don't think a plus is gonna happen.

 

The truth is...it is hard to really grade either coin using photos. Perhaps that coin as slightly fewer marks than yours...or perhaps the luster is absolutely BOOMING or has some other feature that makes it stand out. Remember, marks aren't the only thing that contributes to the grade.

If you take two coins that are equally "marked" and are solid MS66 examples and one has premium luster and/or strike...then it might get the "+" designation. You also have to remember that grading is subjective and one day a coin might just barely get the "+" and the next might barely miss it.

 

I appreciate all the comments and agree it should not get a "+". I've thought that all along but when I saw that 66+ with the cuts on the chin I starting thinking how I could be so off on the assessment of mine. Apparently, I was not off on that point at all. You all agreed that my first impression was correct. That's a lesson learned as far as I am concerned.

 

I see what you mean. I saw quite a large variance in prices even within each grade this year. MS66 CAC was anywhere from $646 to $1145. MS66+ CAC was even more diverse - $1028 - $4700. I found it pretty strange that an MS66 CAC sold for more than an MS66+ CAC. In some case the difference was even less that the 80% you mentioned. Thanks for your post.

 

Toning can account for significant price variations. Usually you can link to the coin and look to see what the situation is.