This is MS 60? Are they kidding???

It is not a circulated coin.

 

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Night and day difference between the OP's picture and the Trueview.

https://images.pcgs.com/TrueView/39237567_Large.jpg

 

The "TruView" photos that @physics-fan3.14 posted certainly show a more lustrous coin. I am not good at grading . . . period. And not a Morgan collector, but it does appear that I would grade it higher. Not much, but a point or two.
I liked it when the grades were: Good. Bad. Ugly. LOL So much easier to grade them with only those choices.

 

I would be ticked if I purchased the coin thinking I was getting this https://www.pcgs.com/cert/39237567, and the coin looked like the OP's photo when it arrived at my door.

However, to be fair, I am NOT in the market for $9,500 Morgan dollars.

 

I have a raw 84 S that looks a BUNCH better than this. I really do not think the coin is more than a 60-61. JMO
Semper Fi

 

Treasure! Why not get it graded?

 

I think there are a few folks who need to give their Morgan grading a bit of a refresher:
https://www.pcgs.com/photograde#/Morgan/Grades

 

Me too. A coin is either circulated or uncirculated. If all the design specifications are still present how can one be better than another? IMO.

 

I’m fairly certain the OP pictures are scans not photos.

 

As someone previously noted this coin may have an overabundance of dipping. I certainly couldn't say, though, but the way I understand it, dipping would have nothing at all to do with wear.

 

In an instance like this where there is a huge price jump between AU and MS, does an MS60 typically sell for MS money? It’s such an uncommon grade that when I see it, it makes me suspect that it’s a borderline problem coin. Wouldn’t it be worth more as a 58?

 

In the case of the 84-S you would think so and you very likely have a much nicer coin with a 58 especially a CAC one. As of right now there is a significant gap between the 58s and 60s for this one price wise which really is a great example of how dumb the grading scale can be with that hard-line at 58

 

@Morgandude11 - I made a thread about this same coin the other day. Check it out:
https://www.cointalk.com/threads/1884-s-morgan-dollar-the-nicest-“ms60”-ever.363764/

 

I would not be opposed to an AU58+