Why is this half an MS61?

Discussion in 'US Coins Forum' started by mikem2000, Aug 15, 2011.

  1. lkeigwin

    lkeigwin Well-Known Member

    Shoot...of course it's dipped. Like 99% of all white silver almost two hundred years old.

    I agree, it was punished because the grader felt the dip was excessive. Certainly not because of bag hits.

    I don't buy the wear-thing. If there's rub it would grade AU.

    It's not the look I go for in CBH's but I have to admit it is very pretty. If it were mine I'd cross it to PCGS and I wouldn't be surprised if it graded MS63.
    Lance.
     
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  3. redwin117

    redwin117 Junior Member

    I think it just only a waste of Money to re- certified it..and ask for higher grade..
     
  4. zach67005

    zach67005 Active Member

  5. saltysam-1

    saltysam-1 Junior Member

    Au58 or MS61, dipped or not, that would be a keeper in my collection. If there is a sister to that coin, I would surely like to find it.
     
  6. zach67005

    zach67005 Active Member

    Considering the fact that an MS60 books at around $1000 & an MS65 books at around $11000, it's worth a shot. But I guess that's not a very big deal to someone with a $10 million dollar dime.
     
  7. zach24

    zach24 DNSO 7070 71 pct complete

    Why would he reslab it?? From the looks of the slab it must've been graded recently, I don't think that there will be a 3 point difference between the TPGs. Do you??
     
  8. zach67005

    zach67005 Active Member

    I'm unfamiliar with what the population is in the MS grades for that year/coin but in some of the more common coins with heavy MS populations I wouldn't be surprised to see a 3 point spread within 1 TPG.
     
  9. ldhair

    ldhair Clean Supporter

    Really nice coin. I'm thinking that breaks in the luster on both the obverse and the reverse gave it the 61.
    It got a bump because it has the look of a 64 or 65. A bit of rub and a little too much dip but it's still a really cool coin.
     
  10. lkeigwin

    lkeigwin Well-Known Member

    Hi Zach. I don't think the fact that it might have been graded recently has any bearing on whether a different grader, with a different perspective, might feel differently.

    Playing the regrade-game can be a little costly. But IMO it would be worth it. Maybe if I saw the coin in hand I'd feel differently. But based on what I can see I think it would be a worthy expenditure.

    I wouldn't crack it. Too risky. But I would have no qualms about sending it back for a regrade or crossing it to another TPG.
    Lance.
     
  11. ddoomm1

    ddoomm1 keep on running

    ok 1) it prob has been recently dipped 2) that coin regardless is NOT an MS-61 coin 3) reslab it, if it comes back an MS-63 (or whatever) great, it will 99% not return AU, the detailing is just too strong...if that was a morgan is prob would be a MS63-64
     
  12. LostDutchman

    LostDutchman Under Staffed & Overly Motivated Supporter

    This is one of the most difficult coins to determine wear versus strike. I'm of the opinion that there really isn't any wear... There is however a loss of luster due to dipping. Your first clue is that the coin is bright white. If this coin had original surfaces it would not be white. Second clue is the apparent net grade by NGC. The coin has Gem details... but the surfaces are the problem.

    It is however a very nice looking MS61. I do doubt that it upgrades tho.
     
  13. mikem2000

    mikem2000 Lost Cause

    Thanks everyone for sharing their knowledge and experience. I really appreciate it.

    Mike
     
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