Opinions on this 1882-CC GSA Morgan..

Morgandude11 · Jan 15, 2016

Lehigh96 said: ↑

I think the graders are pretty accurate most of the time. The problem lies within the conditional rarities because whenever you see a large price jump, it also represents an "crackout" opportunity for those looking to make a buck. Many coins don't have a cut and dry grade. Take the coin in this thread for example. The consensus was that the coin was either a high end MS65 or a low end MS66. The difference in price is over $500 between the 2 grades. So if this coin resides in an MS65 holder, it would likely be resubmitted, maybe even several times, until the graders gave it the MS66 grade. You see, most people blame gradeflation on a deliberate change in grading standards, whereas I believe that it is caused by the inherent subjectivity in grading.

The fact is that if you showed this coin to me in an MS65 holder I would think that it is accurately graded but I would also think it is PQ for the grade and would probably demand a premium over the typical price for an 1882-CC if I were selling it. Likewise if you showed this coin to me in an MS66 holder, I would still think that it is accurately graded but since it is low end for the assigned grade, I would not be willing to pay full MS66 retail price for it.

And just so you understand my point, I'm saying that the same coin can have two different grades, and be accurately graded both times. Grading is subjective. To some this coin will always be an MS65 because of the mark, to others it is an MS66 because the other qualities are good enough to overcome the mark.
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I agree--I had said 65+, and it got the bump to 66. Definitely agree with Paul's evaluation that it could as easily have been a high in grade 65 (that is why I went 65+) or get that extra bump. Nice coin, no matter what, and good pickup.

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Sean5150 · Jan 15, 2016

Lehigh96 said: ↑

I think the graders are pretty accurate most of the time. The problem lies within the conditional rarities because whenever you see a large price jump, it also represents an "crackout" opportunity for those looking to make a buck. Many coins don't have a cut and dry grade. Take the coin in this thread for example. The consensus was that the coin was either a high end MS65 or a low end MS66. The difference in price is over $500 between the 2 grades. So if this coin resides in an MS65 holder, it would likely be resubmitted, maybe even several times, until the graders gave it the MS66 grade. You see, most people blame gradeflation on a deliberate change in grading standards, whereas I believe that it is caused by the inherent subjectivity in grading.

The fact is that if you showed this coin to me in an MS65 holder I would think that it is accurately graded but I would also think it is PQ for the grade and would probably demand a premium over the typical price for an 1882-CC if I were selling it. Likewise if you showed this coin to me in an MS66 holder, I would still think that it is accurately graded but since it is low end for the assigned grade, I would not be willing to pay full MS66 retail price for it.

And just so you understand my point, I'm saying that the same coin can have two different grades, and be accurately graded both times. Grading is subjective. To some this coin will always be an MS65 because of the mark, to others it is an MS66 because the other qualities are good enough to overcome the mark.
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The difference in price for the 82 is more like $1000-$1500

Sean5150 · Jan 15, 2016

It looks like a VAM 3A. Someone else can chime in, but you could put that in your listing. Someone might be looking for a high quality example of that variety.

Mainebill · Jan 15, 2016

My call a high end 65. I'd say 65 with a bean or a 65+. I'd not pay 66 money for it either. But you paid 63 money so nice score

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Opinions on this 1882-CC GSA Morgan..

Morgandude11 As long as it's Silver, I'm listening

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Opinions on this 1882-CC GSA Morgan..

Morgandude11 As long as it's Silver, I'm listening

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Sean5150 Well-Known Member

Sean5150 Well-Known Member

Mainebill Bethany Danielle

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