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Message:: [QUOTE="iPen, post: 2723045, member: 69760"]Were they severely under-graded by modern standards? If the 1921 Peace or the ANACS Morgan graded say, MS-64 or lower, I can see the incentive... though I'm not 100% sure what the realized auction price differential is between 64 (?) and 6X grade, or what the actual premium difference between OGH and 1-2 higher graded slabbed coins are. That said, I'd do that to upgrade or enhance my collection, but that's just how I do things. Or if you need the cash, it may be worthwhile. And, the OGH Morgan looks to have less leeway on a re-grade, depending on what grade it was assigned. If say, it's MS-63, it could reach MS-64 today. I've seen 64's looking like that with the fields looking largely blemish-free and with more-or-less expected noise in the cheek / face area. I don't think it'll reach 65 if that's what you're looking for... All-in-all, it's a relative numbers game and what you plan on doing...[/QUOTE]