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1894 S NGC to PCGS *Crack out*
Flackthat
Posts: 412 ✭✭✭✭
I recently cracked an 1894 S NGC MS63 and sent it to PCGS. It came back a full grade lower.
What are your thoughts on the grade?
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Comments
Seems about right to me the TV really shows how banged up her face is.
That’s unfortunate, though I do agree that the marks on her face probably justify MS62. Her face looks like mine when I first learned to shave.
I have a feelin the luster isn't there thats why.
The bagmarks on the face aren't helping. What do you think the grade should be?
Fully lustrous MS 63 coin
I am really, really on the fence on this one.
If you look close at the true VIEW theres quite a few nasty hits on her face I'm thinking a 62 is right
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I would have left it in the NGC. If I didn't like the coin, it would have been sold as an NGC 63.
MS62 feels about right.
Lance.
Buy the coin, not the holder. And make sure you feel good about the grade on that holder too.
Her face is pretty banged up with bag marks, so I'm not surprised at the 62. It was a weak 63.
However, it seems like the third-party grading companies are inconsistent with grading Morgans, because I've seen other 63s that look like this from both services.
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I don't mind NGC plastic, so if I liked the coin in the first place; I would have just left it alone.
Otherwise, that's not a tough coin to find, so I probably would have sold it and bought one in the preferred plastic.
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Oft-repeated but good advice.
Too many marks to call "choice." PCGS got it right.
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I agree with the grade... a lot of chatter on the cheek (COTC... a new acronym
) Not one I would have purchased.... Cheers, RickO
That darn cheek is a chatter magnet, PCGS just calling it as they see it.
In this case I actually agree with pcgs assessment
I might add, years ago, I had a guy come in with a fabulous 94-s, probably a 64 easily, but it was raw. I offered him a (what I thought was fair) but apparently not. I figured it at 63 money just to be safe , as you never know how the grading services will be. He took it to another shop , and came back for my offer, the problem was the last shop he went to the dealer switched out the coin on him. It was not the same. He said the guy carried in back to look at it closer??
anyway he learned a hard lesson.
Shady operations like you cite should be grounds for law enforcement action, switching coins is serious fraud.
This has happened to me a few times over the years. While I have nothing against NGC, I simply prefer PCGS since they tend to bring more at auction. Not that I've ever sold any, rather it gives me an idea of how they appreciate over time.
The amount a coin brings is only part of the equation. Another extremely important one is it’s cost. If grading company X’s coins typically sell for 10% more than grading company Y’s, as long as you’re buying the latter for a similar % discount, you’re no worse off.
Perhaps it’s been published somewhere - I’d like to see a historical chart of the PCGS to NGC price premium for various coins over a period of many years.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
PCGS CAC often (more than often) worth more than plain NGC a grade up.
Looks like a nice 63 to me. Better date.
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I think this coin could be either grade on any given day, you just happened to get unlucky on this day which is the gamble of a crackout of a liner coin.
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Sad.
I'm on the fence on this one. I've seen 63's with this many contacts before. I think the 62 was more of a conservative grade.
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I see it as a 62, but I tend to be a little tough on Morgans. A Peace dollar with a face like this would never make it into a 63 holder.
Could be worse. It could've come back as a no-grade.
I could see it in a 61 holder.
Shucks ... I thought this was going to be a dime.
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I think the TV's dont help the coin and perhaps in hand the obverse cheek does not look as banged up.
This said I would say the obverse is a 63 while the reverse is for sure a 62. So, NGC might have graded from the obverse and pushed it through calling it ms63 while pcgs said, "the reverse has too much chatter and the coin cant go into a 63 holder".
I could actually see this coin in either holder and being ok with it. Probably should be 62+
1 more thought- the luster especially from the NGC photos does look washed out and the brown streak around 9 ocklock on the obverse might be dip residue making me also think the coin was slightly overdipped. That could also limit a grade
My thoughts are that because of the guarantee the grading services are not going to overgrade power coins like this as they have in the past. This one tipped on the good side of the fence years ago at NGC but on the safer side at PCGS with today's grading standards and net grading.
Crack out cost you a couple hundred bucks.
In my experience, most Lincolns and Morgans in those holders are 1 pt overgraded to PCGS standards.
https://pcgs.com/setregistry/showcase/2819
I agree but they are usually CC's.
Could see it as a 63 or a 62.
Send it in 10 times it may come back 63 on 5 of them.
Looks 63 in the TruView. Looks 62 in the slab photo. I wouldn't second guess the professional who actually had it in hand.
Which one?😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
...62 is an unattractive grade on a TPG label as I have seen numerous problem coins in 62’s over the years...with that said, this coin looks to have no problems other than honest bag hits. Nice better date S Morgan in MS in PCGS plastic is a good thing. 62’s rarely hit for me at CAC also over the last 4 years, probably because they had problems, honestly. I would still send that one in to JA cause it has a chance to sticker. Good Luck and Nice Morgan
Either one. LOL. If it's right on the border, I can easily see an ATS 63 being a PCGS 62.
Speaking for myself only (as usual) I would have left the coin in its NGC holder. Why spend another $50 on this coin? Why not take the $50 one would spend to grade the coin again on an actual coin?
After all, it's the same coin regardless of what holder it's in. This is part of the problem with number grading system. Let the coin's price be the only number to care about unless a variety of some kind.
Uncirculated,Select Uncirculated (which is what the '94'S is in my and PCGS's opinion) ,Choice Uncirculated, Gem Uncirculated, and Superb Gem Uncircuated are the only grades needed for uncirculated coins.
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein
@mr1874 Somewhere in these comments I wrote the reason. The slab was cracked on the reverse and I could not see the coin clearly. Instead of sending it back to NGC I cracked it and sent it to PCGS. In no way was I expecting an "upgrade" on this one.
Don't feel bad. I have a 1900-O dime that PCGS graded XF 45. Problem with the holder. An obnoxious mark on the plastic right in the center of the coin. The mark would cast a shadow as one viewed the coin from different angles.
Cracked it out and don't intend to resubmit. Probably would get no better than XF 40 if I did submit it but I don't care about the coin's number. My no number rule applies to circulated as well as uncirculated coins. What ever happened to letting the coin speak for itself and, if selling, letting the price be the final word?
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein
Fair question. I imagine you'd get a variety of responses, depending on where it's asked. Seeing as how this is the PCGS message board, well...
100% agree with grade. That thing looks like it fell into a blender.
Chance you take in the crack out game.
Luster does look a little washed out, especially on a date that comes with really nice luster. No downside to resubmitting it again for regrade. The 62 and 63 grades on Morgans are really close...one more grading fee and spin the Wheel of Fortune again!