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Question about grading standards for Proof Morgans
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<p>[QUOTE="DMPL_dingo, post: 5409604, member: 75000"]I don't think this directly answers your question, but have you seen Morgans in PCGS "rattlers" (their first generation holders)? Though not a large sample size, 90+% of the "rattlers" I own and have sent to CAC have gotten stickered. I'd say it was about 50% success for newer generation holders.</p><p><br /></p><p>A better test of current vs old grading practices would be to crack a Morgan out of a rattler, resubmit it now, and see if it grades higher.</p><p><br /></p><p>There's a general consensus that early PCGS/NGC grading was<i> much more conservative</i> than it is today. "Experiments" such as the ones described above bear that out.</p><p><br /></p><p>Here's a recent example from my collection. 63 is a very conservative grade for this coin, I bet if I cracked it out and resubmitted now it would grade higher. I wouldn't do that though, because the premium of a rattler + CAC sticker is worth more in this case (the price between 63 and 64 isn't drastic for this date).</p><p>[ATTACH=full]1234264[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="DMPL_dingo, post: 5409604, member: 75000"]I don't think this directly answers your question, but have you seen Morgans in PCGS "rattlers" (their first generation holders)? Though not a large sample size, 90+% of the "rattlers" I own and have sent to CAC have gotten stickered. I'd say it was about 50% success for newer generation holders. A better test of current vs old grading practices would be to crack a Morgan out of a rattler, resubmit it now, and see if it grades higher. There's a general consensus that early PCGS/NGC grading was[I] much more conservative[/I] than it is today. "Experiments" such as the ones described above bear that out. Here's a recent example from my collection. 63 is a very conservative grade for this coin, I bet if I cracked it out and resubmitted now it would grade higher. I wouldn't do that though, because the premium of a rattler + CAC sticker is worth more in this case (the price between 63 and 64 isn't drastic for this date). [ATTACH=full]1234264[/ATTACH][/QUOTE]
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