Greetings, I should have said, I was surprised the grade was that high, as I expected much lower.They just look very well circulated. Bruce
SGS on ebay 1904 O Morgan So I take it that this 1904 O morgan that is claimed to be SGS MS68 is utter nonsense especially since PCSG is claiming that almost none exist over MS64 This is the coin. Looking at it is looks to my amature eye as maybe a 61? What do I know? Is it worth the $400 minimum? http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=8341992110&fromMakeTrack=true http://images.andale.com/f2/106/125/17298112/1130111245159_1904_f_68_sgs.jpg Ruben
That's a pretty good looking Morgan, but even at MS65-PQ, The reserve seems a little high. The PCGS prices make it look like a very commonly available date up to at least MS66....
Ah thanks for answering Now I have a question about the PCGS numbers. There are three listed in the online price guide. How do you know which one you have. One seems to be proof like and the other is deep mirror proof like? It took a few hours to figure this out Ruben
With a Morgan dollar that is DMPL ( deep mirror proof like ) you can hold the coin up to a page of written text and actually read the text in the reflection on the coin with the coin held from 4 to 8 inches away. If you can't - it isn't. A Proof Like coin will have a similar appearance to a Proof but not quite there. The fields will be reflective, but not quite the mirror like finish of a Proof. The devices will have the cameo effect, appearing frosty in contrast to the reflective fields.
Good. But why would PCGS then give those coins different numbers when they are really just different grades of a single species of coin. How would the coins get that level of reflectivity when there was no proof strikes for that year. I would think that this can only happen intentionally. Aren't proofs generally double struck and polished? Or just the dies are polished? Ruben
You'd have to ask PCGS that question. It was intentional. With Morgan dollars just about every date and mint known can be found in PL and DMPL. The coins were the result of being struck with new or almost new dies. But the dies wore quickly and only a few examples were produced from each die pair. And they were not Proof coins, they were circulation strikes. With Proofs, both the blank planchets and the dies are polished and yes they are struck at least twice.
Without different coin numbers you could not track the number of graded DMPL/PL coins as they would be lumped into the MS category. They are more than different grades, they hold a designation.