What would you grade this Morgan?

I'm at 63, albeit a really nice one.

 

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63

 

Help the newbe here understand why it's grading is so high even though there looks to be a gouge on the back just under the star bottom left or is that just a blemish ?

 

MS63

 

I don't think that's a gouge in the coin. It looks like a lighting issue in the photo. Could just be a darker area of the toning, but it isn't capture well, or something like that...

 

Well this is nice news to hear from everyone.

I understand this exercise is somewhat futile with pictures that aren't mine and for now can't get any that are better.

However I purchased this coin as a little experiment. It immediately caught my attention and I purchased it without doing any research or pricing. I saw the coin, read the grade on the slab, and hit BIN two seconds later.

It may have been a mistake, but a gamble I was willing to take none the less.

So here is what I purchased the coin as:



I fully expect an MS-63 all the way to an MS-65 on this one, and can't figure out from the photos why this would have received a 61 to begin with.

I'm curious to see what the Market thinks this coin should grade as.

 

Do you think it could have been net graded because ANACS thought it had artificial toning?

 

No. That's pretty natural toning to me. I think there is going to be some hidden abrasions that are washed out from the way the photo was taken.

It was a gamble for an upgrade, and sort of an experiment for myself.

 

IF it is on the coin, I think that scrape or scratch right under the M in "Unum" may have resulted in the lower than expected grade. This is, of course, based on the picture, and not actually having coin in hand. Had it not had the scrape, I would have said MS 63 for sure--that is what the coin looks like overall. I don't see a gem or near gem grade--BU (solid 63) for sure, had it not had an abrasion like that.

 

Is that using today's standard or when this coin was slabbed standard?

I think with how we see market grading today, I can get this coin in a 63, maybe 64 holder.

Either way, for a hundred bucks I did alright. That's still nice eye appeal for a 61 and that price tag.

 

63ish

 

I can't see that coin as an MS-61, but there could be plenty hidden by the images.

 

The toning looks like standard secondary album toning to me, nothing out of the ordinary. I'm thinking that the photos must be hiding something.

 

Ya know,if this was in a pcgs or ngc holder from that era,id say w/o a doubt that coin would upgrade a point or 2... But from my experience those blue ANA slabs are all over the place grade wise.. I hope you plan on taking better images when the coin arrives so we can do this again.. Good Luck

 

That's not a blue ANACS slab, it's an old small white one, and not only that, it's an early one.

I'm hoping it's been sitting awhile and is fresh to the market and hasn't been cherried for an upgraded holder.

 

I was reasonably sure it was toning because the color of that area is the as the toning near "NE DOLLA".

 

I never called it an anacs slab, I said blue ANA... I know exactly what it is and what timeframe it came from... You misunderstood me, the point was: these particular slabs arent like the pcgs and ngc holders from 1989 which are usually undergraded by todays standards, these ones are normally all over the place some high some low some about right.... that was the point.. but it IS a small sample size because i dont run across these that often.. alot of them are hoarded by slab collectors and/or have been cracked already

 

Trey, that would go at least MS63 tomorrow in a PCGS or NGC holder. The ANA just invented the market grading standards, what do they know about them?

 

Im sorry I guess your words above confused me. That said slab, so I assumed you made an easy mistake on how that coin was housed and we were speaking about two different things.

I don't know about you and your small sample size, but I ACTIVELY collect these holders and have found many great coins and deals simply because they aren't PCGS and NGC and many people ignore them because they aren't. Oh well.

 

It's an awesome coin. But.. but... I thought ANACS coins were always over-graded garbage, and ANACS was a third-rate grading company blah blah blah...