What does everyone think 1892 Morgan dollar.

I've given up trying to grade proofs from photos, because the grade depends on hairlines, and on proofs they usually only show at certain angles.

 

Log in or Sign up to hide this ad.

The coin makes a great impression in the shopped photos, but I honestly think if it were in hand, you would have a much different opinion of it.

 

Absolutely gorgeous PR 67. One of the nicest Morgan proofs I have seen.

 

MS-68

 

PF63...where was that...?

 

Wow...a real beauty, but am concerned about the toning, if natural or somehow applied/mfg. Otherwise, looks at least 67...maybe 68.

 

After seeing the auction photos, I completely agree. They also give a much better interpretation of the coin in hand.

 

Here are the non-juiced photos from the auction. Looks more like proof haze than a cleaning. TrueView photos are often so inaccurate looking. Also, toning does not look that pretty, without the TrueView flood of light. Not cleaned IMHO, but based on these pictures, not an ultra gem proof.

 

I wish trueview were more accurate. Why do they do it the way they do?

 

To get more money.

 

Marketing. A lot of people buy high end coins sight-unseen. Also, PCGS thinks it looks better in their registry, and in high end sales. They perceive that it brings more buying and selling traffic.

As a very experienced Morgan collector, the TrueView made me think it was far more high grade than it is. After seeing the real auction photos, I now know the grade, and the coin’s true appearance. I will be honest, and admit that the TrueView suckered me, and I tend to be hypercritical of Morgans.

 

You can use the same conservation chemical as the TPG, send it in for grading, and it will come back as cleaned. Break it out of the holder, send it back to them and ask them to conserve it and it will come back graded.

 

Wouldn't PCGS have caught it?

 

Each to his own, but investment in coins is not very lucrative unless said coins are truly rare. The money you spent in the past 10 years on non-rare coins would have been much better utilized in the stock market. Of course, very few (including me) saw it coming. If you attach sentimental value to your coin "investments", then go for it, just don't expect to accumulate much wealth over the years.

 

Oh I play the stock game too, it is more of a hobby and investment. Instead of wasting money on cars, I get to hold history in my hands and gain knowledge of our past and that is an investment you can’t put a price tag on.

 

ToughCOINS is correct. The appearance of this coin, whether cleaned, as he believes, or just ugly and hazy, as I see it would prevent any “high roller” from bidding on it. It looks like a gorgeous, PR 67 or more from the TrueView, which would make it a $30,000 coin. As it is, one way or another, it is an impaired proof, barely worth $2,000.

 

Junky proof. Might go as low as PF 70

 

PF 80 ...