Just got this coin in from fleebay paid like 40 bucks for it which i dont think was too bad with only 2.8m minted, The coin's reverse is the nicest on a morgan ive ever seen with like 1 mabye 2 scratches, the front has a little more. It weighted it at 26.7 G. So the big questions is, What would this nick do to the grading?? Sadly the nick on the rim was not seen from the pics on fleebay.
The rim ding kills this coin. As far as PL, I don't see it. About all I can see in the photos taken at extremely steep angles is glare. And I can't see PL surfaces in the scan either.
That was my choice in wording, I didnt mean to say it was a proof i meant to say it looks proof like because there is no scratches on the reverse, I just hate how a ding can ruin the coin completly, gah..
I would not recommend grading. It would get genuine no doubt. Everyone has their own requirements and opinions, but I would not buy this coin if it was certified.
Don't they do a reflective test by reading a specific sized text on paper at a certain distance by the reflection? These Pros from Dover should assist you Camreno in determing if it's a true PL. That nick doesn't bother me much since it's on the reverse, but I'm not a grader It's really not that distracting, and most certainly outside the prime area.
It would probably grade 64 at best anyway... doesn't have the mirrors of a prooflike morgan. Here's one of my PL's... This one has mirror-like qualities to about 4.5 inches.
The mirror effect on this coin is absalutly beautiful, so much luster, I just cant display that with my camera :/
Just because the coin has decent fields with no hairlines does not mean it is "proof like". The coin must have fields similar to a proof in that being reflective in a way. Just having spotless fields does not make it prooflike, because a DMPL or PL is a different coin all its own.
To further clarify, you can see the frosted devices and reflective fields in the picture I posted, that's a prooflike coin. Basic rule of hand is if you grab a ruler and hold it parallel to the coin, PL is 3-6 inches of reflectivity (The numbers you can read on the ruler), and DMPL is 6+ inches. PL and DMPL Morgan dollars come from dies that were overbasined, IIRC... not sure if that's the right terminology, I don't have QDB's book handy. They were basically left in the polishing machine too long.
IMHO, the rim ding makes the coin non-grade-able. It would end up in a genuine slab. Based on the photos, its a nice looking coin but I don't see the PL...but in hand maybe its there.
If you obtained it for a decent price then keep it. I still keep raw PL's when I find them. I bought a roll of Morgans last week and one was a 1879 with very PL fields. It is an AU, no reason to grade it but it goes in the circ PL roll. Just take it as a lesson learned, no harm in that.
That is a strange looking NGC slab... I didn't know you could have an MS 70 coin from the 1800's! It must be fake..
