1881 MS-66 Morgan PCG Prestige slab
Herb_T
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My wife has this coin and she wants to send it into PCGS to have it crossed over, but only if the coin doesn’t have more value in the Prestige holder. Your thoughts?
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Wow, that's a tough call. I guess it would depend on what your wife paid for it. If you cross it to PCGS, it will likely not retain that MS66 grade, but might be a 65. The photos are a tad fuzzy so it's hard to really judge it properly. The difference between a PCGS66 and PCGS65 on this coin is $1,450 (Price guide) making it an even tougher call.
Dwayne F. Sessom
Ebay ID: V-Nickel-Coins
The photos are sub-par, but my guess is that the coin is a 64, at best. So I’d leave it in the current holder.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I suggest you save your money, that coin will not grade above MS64 (and I think that is a long shot) imo. The holder might add a very slight bit of value to a slab collector, but not much.
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Isn't that a Coin World plastic holder?
I would rate the chance of it getting a 66 from PCGS as near zero.
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unless i am mistaken, any coin not sent in a TPG holder pre-approved by pcgs for the crossover service, will be handled as just a raw coin. so a person sending in non-approved holders, may run into delay issues with submission tier, grading requirements or something, i'd imagine.
you will find that coins not on the approved list of companies available for crossover, will more often than not be high-risk coins for over-grading, counterfeit, altered or a handful of other problems, which is why they aren't deemed as acceptable and MOST of them are in business a VERY short time.
going by the logo in the bottom left corner, it is a generic coin world holder that anyone can purchase. unless my memory is failing, that is the exact holder/gasket that @messydesk VSS used to use. really the only business i know offhand to use those in a professional capacity and hold any confidence but they were graded for the public, just attribution. just an unsolicited piece of info.
I'm not familiar with PCG, but since it's in a Coin World holder, in my opinion, it's not a legit TPG. Anyone could make those labels with Avery labels. I use what appears to be that very Avery label for my self-slabbed pieces. That being said, who would pay a 66 price for it. I would send it to one of the legit TPGs. If it's value in a PCG holder equals the same value in a PCGS, NGC, etc. holder, then why not replace the label and change the grade to 67 or 68.
What would be the point in replacing the label (which already appears to include an unrealistically high grade) with an even higher grade one?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
My point is that since it's not a legit grading company (as far as I know), one could put any grade on it because the grade is worthless. Who would pay the 66 price for it? No one. Who would pay the 67 price for it? No one. I wouldn't even pay an AU price for it in that slab. If PCGS et al graded it 64, then there's a market for it. No market in it's current holder at any grade.
The grade is essentially worthless to those who are knowledgeable about grading and values. On the other hand, it’s bait for those who aren’t and are seeking bargains. I wouldn’t encourage anyone to produce labels with unrealistic grades on them.
The coin looks like it would grade 64, at best and probably lower. If that’s the case, the cost of grading might be greater than any added value to the coin, based on it being treated as an ungraded example.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
The coin is and should be considered raw. It is not graded by a reputable and accepted TPG. It is also in a CoinWorld holder, which can be purchased easily for folks to put their own coins in, so it may or may not be sealed. Regardless, PCGS and the greater numismatic community view this coin as raw and uncertified and I don't believe PCGS would accept it for a crossover submission.
In honor of the memory of Cpl. Michael E. Thompson
Translation: "There is no way to grade off those photos but let me go ahead and do so anyway."
/s
Better (and lengthier) translation😉: Those photos make it more difficult to assess the coin than good ones would. But while I can’t tell for certain if it’s high grade AU or uncirculated, I’d bet that it grades 64 or lower - probably lower. And that’s enough to conclude that it probably wouldn’t be worth the grading and postage fees to submit it for grading.
As you know, many of us make grade guesses based upon images from which there’s “no way to grade” the coins.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
If you want to send it to PCGS, just open the holder and send the coin in a flip. If you then prefer the PCG grade over what PCGS assigns, crack the coin and you can put it right back in the original holder. Ah, the joys of CoinWorld "TPG" holders.
Coin looks dipped out. Expect no better than 62. Jmho.
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Luster appears muted, leave as is.
The holder adds zero value to the coin. Take it out of the holder (just pull it apart, no need to crack it) and see if you can take photos which show the surfaces better. Then us in the peanut gallery can perhaps give a better grade assessment.
The coin represents no numismatic premium in the current holder. So, I would agree with those that say to remove it from the holder and submit raw. Cheers, RickO
I wonder if that Coin World slab is even sealed using glue or an ultrasonic sealer. Like others have said, treat it like any other third world slab and consider the coin as being raw.
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I don't think this is a good idea as there is already too much "grade inflation". Also, this might be considered fraud, particularly by a novice if and when he/she ever became aware of the conduct and the true grade. Just my $.02..
I was more or less being sarcastic. If the grade on the label is worthless due to it not being from a recognized TPG, then it doesn't matter what grade the "slabber" put on it.
Maybe it's just me, but I see AU58
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from those images and the holder (no offense to OP), that wouldn't surprise me as it can be coins like that which end up in those types of holders. i see some coin shops put out their TPG unc-rejected super-sliders out as uncs for the public. so it happens, tons across ebay as well. i've bought a few over the years and slowly learned my lesson, although the lighting sure doesn't help for split-grading in some venues and you just have to take a chance now n then.
That's a slider for sure. Might even be cleaned on second glance.
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Common coin, common condition, save your money, leave it alone.