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Message:: [QUOTE="halfcent1793, post: 2932121, member: 86853"]Morgans are not my forte, but I agree with the posters who made the point that the coins were graded by different companies at different times. Though it wasn't supposed to be so, that does make a difference. There is also the known variance in grading the same coin by the same service. FWIW, I thought the two graded by PCGS probably were PL, but the NGC coin probably is not PL on the reverse. Several different photos taken in different lightings were posted, and they show the coins differently as always happens. That's why making fine grade distinctions from photos really doesn't work. I'm old school, and I realize the train has left the station, so no need to flame, but I don't believe ANYONE can consistently distinguish the 22 grades of mint state that have now been foist upon us. And there's a push to go to a 100-point "system" with 50 different grades of MS! Obviously, the goal with Morgans is to have a different price point (er, grade) for every coin.[/QUOTE]