Discussion in 'US Coins Forum' started by Morgandude11, Jun 18, 2021.
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Clearly just missed PL, with all those striations, from die polish.
Yes, I am very cognizant of market grading. technical grading, etc. etc.
I am reminded of a discussion with Tiso many years ago, when we were discussing his grading methodology and pricing. He stated yes, the piece is certainly priced above the norm on any given day, and yes there is another piece with a bag mark at another table graded and priced the same. He continued (he knew I was an all things Corvette person), which brand new Corvette with limited availability would you buy, the one with the very small permanent polishing smudge on the rear bottom fender, or the one without?
Personally, I could see this coin even earning a 69. It's that close.
A coin like this is my dream coin. Perfectly struck, nearly flawless example of a pre-21 Morgan.
I still need a 82S and a 79s I am going back and fourth between a nice MS-66 or 64 DMPL we will see. Maybe one of each. Right now I am trying to finish my E Clash set, I have the basic set done but need a few more for my complete set. Not in ultra high grades of course as I am not rich.
I think they are frost breaks, as opposed to bag marks. The predominant marks on this coin are die polish striations, which almost brought the coin up to PL. Coins are not grade penalized for die markers, generally, unless they affect eye appeal, which they do not. The green bean, plus my experience with Morgans tell me that this coin is closer to 68+, and very near 69. It is truly one of the great Morgans.
Maybe at the very bottom of the neckline, just above-left of the '1' in date...can't be sure from photo what that is. Also, in the hair, just above-right of the ear...those are only places I can see but wholly agree a gem above gems.
Indeed a great example to consider...and it somehow settled in the bag just right and beat the odds all the way to its destination. That, or was held out by someone/somewhere...not sure what was allowed back then for legitimately holding/saving out...buying 5 or 10 with a gold piece...some random dollar(s) here/there, etc.
Certainly, the Morgan dollar is, in my opinion and those of others, one of the, if not the best American coin available. It's beauty and engraving far surpass may others and I wish I could afford to collect them.
Absolutely. Get prominent bag marks on the cheek, neck, or in the left hand fields of the obverse, it is a grade killer for Morgans. Get a couple of bagmarks on the wreath, or just above the eagle, and they are ignored by TPGs, if they aren’t deep, broad, or prominent.
How many Morgan 69's are there ?
Hard to believe that with Morgan collectors around in size since the 1880's and 1920's for Saints that we never got 1 coin that can grade an MS70 (came close with the Wells Hoard).
There are no 69s graded by PCGS of this date (1882s). There are 11 at 68+, and as I have said, this coin should have been graded 68+, and the CAC bean kind of vindicates that idea. This coin was in a celebrated collection. For some reason, when it was reholdered, they omitted the pedigree. It is Ex Eliasberg. I know the owner of this coin very well. He is my cousin.
For all dates....how many 69's are there ?
Accord to the PCGS population there are 8 coins graded MS69 and 1 coin graded MS69PL for the entire Morgan series. The sole MS69PL is a 1880-S. Also, 5 of the 8 graded MS69 are also 1880-S. Two of them are 1881-S and one is 1896-S.
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