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<p>[QUOTE=&quot;Lehigh96, post: 3930941, member: 15309&quot;]That’s not what I meant.&nbsp; This coin has what appears to be superlative premium gem luster in combination with MS64 surfaces and a freshly dipped appearance with no disernible toning.&nbsp; For most 20th century coinage and Morgan Dollars they would grade this MS65.&nbsp; I don’t know if they view Trade Dollars in the same light with respect to lack of toning (lack of original surfaces) and luster that is superior to the surfaces. </p><p><br /></p><p>It seems obvious to me that the way that the TPGs apply market grading principles varies from series to series.[/QUOTE]</p><p><br /></p>

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