Does a PCGS or NGC MS70 Morgan exist?

mintluster

Let me know...
Just curious, I have heard they do exist and they don't exist.
Only PCGS or NGC of course, that's all that matters anyway.....

kyleknap

There have been a few MS69s (80s's, 81s's, 96s) graded. No MS70's.

Kyle

Skipper53

Good question !
I've never seen one offered so I guess if there is one,
the owner doesn't want anyone to know.

My own theory is ,from the time between the last Morgan (1921) made , and now,
preserving coins scientifically, grading and sealing in inert plastic slabs is a fairly
recent phenomena.
If an MS70 Morgan was produced in 1921 it would have had to been sealed almost
immediatley since it could never stay in that condition for 80 + years.

Frankly, I'm amazed at the number of Morgans that have survived in MS67 & 68 !
there obviously were some like-minded collectors before I was born who wanted
to preserve a beautiful coin for future generations to enjoy.

Skipper

jbsteven

I have seen 2 ms69's and a PR69CAM (1895) in the same dealers case at the ANA show. The business strikes were virtually flawless and the proof was out of this world.

no 70's

Shamika

I think it's funny that in PCGS's book titled "Coin Grading and Counterfeit Detection" they show a picture of what an MS70 Morgan looks like even though one doesn't exist.

roadrunner

MS70 on classic coins is the last frontier in gradeflation. I predict it WILL happen. And the coin will NOT be perfect to boot....but just as perfect as PCGS would ever expect them to come. Then the floodgates will be opened and more will follow for all series. PCGS will do this when submissions start to serverely lag for whatever reason or there is a need to pump profits. Imagine the first MS70 Morgan. It will be like when the first MS68 or 69 hit the market in 1987-1989. Those first coins brought $50-100k back then. This will keep the game going when all else has failed for PCGS....shoud it ever get to that point. Then it will be time to resubmit all of our coins again looking for an extra point to keep up with the Jone's next door if you want full money for your coins.

The FED's money supply has been following this same course for the past 20 years. I see PCGS following the same general path. Inflation is in our blood.

roadrunner

jdimmick

The lates printed copy of the PCGS pop report I have (July 03 ) shows no 70's, nine 69's and quite few 68's.

The MS format 69's are 5 1880-s, 1 1880-s Pl, 2 1881-s which figures.

I believe one proof a 1893?

dragon

roadrunner,

I remember seeing the first Morgan graded PCGS MS69, it was an 1880-S at the 1988 or 1989 ANA show in Cincinnati. It was in Joel Rettews case and he was asking about $110000.00 for it. I remember holding it and was not overly impressed, it had just so-so lustre, a bit of gold toning, and just marginal eye appeal, but it was awfully clean.

dragon

roadrunner

Dragon,

I was at the 1988 Cincy ANA also. At that show the market entered strong and was sort of dead by Saturday. $110,000 for a common date Morgan must have been mad, even back then. I've seen a number of classic MS/PF69 coins since then at have always been amazed at the number of marks visible on them w/o a glass being used. Back in 1988 being clean was just as important as being blasty. You just couldn't get a high grade no matter what kind of eye appeal the coin had if it had detracting marks of any kind. So I'm not surprised that the MS69 Morgan was very clean but kinda dull.

I wonder what that coin would grade today if cracked out??

roadrunner

mintluster

Thanks all!