Crackout candidate?

gemseeker

This auction mentions a topic that I have read and has been talked about a lot. The coin was net graded by SEGS as MS-60 and appears to have a rather dark stain on the reverse side (which they said was from a dip). The seller says that the coin can be cracked out and resubmitted and you might get a MS-63. A jump to MS-63 would command a high premium. The seller also notes that coin went from a MS-62 down to the MS-60. The price appears to be a reasonable even it was AU at its current price. If the coin can vacillate between MS-60 to MS-63 especially for a rare series as this coin, that seems to be too much of a wide variance for this coin and you can be on the winning or losing end in a very short time.
1901 Morgan

dragon

gemseeker,

That is a huge problem coin, its been harshly cleaned and looks awful, especially the reverse which has really been badly messed with. This coin should sell at a huge discount to even an AU piece IMO.

Dragon

Placid

The current price with 14 bid's seems to indicate that most feel the same way.

dragon

Furthermore, that seller is totally full of it IMO. I can't believe that even SEGS would originally holder that piece as a problem free MS62. Secondly, PCGS or NGC would bag that coin instantly IMO, and the only way that coin will ever be in a 63 holder is if it's sent to ACG.

Dragon

prooflike

ACG would never put that in a 63 holder... at least a 65 holder, maybe even a 67!

oreville

Washed out coin, looks overdipped, fooled with and all in all........stay away.

There no skin left to that coin@#!#*&?!@