Morgan...79-S

ksteelheader · March 24, 2004 8:42AM

This Morgan currently resides in an NGC MS65 holder. Would this coin cross to PCGS at the same grade? And, would it get a Prooflike designation?....Thanks in advance....Ken
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joecool · March 24, 2004 8:44AM

Nice toning.....

Trooper · March 24, 2004 8:48AM

Ken
Nice coin. I'd say yes for the grade but I don't see the pl. Maybe it's the pic...

Tom

BigAl · March 24, 2004 8:49AM

Great reverse strike! a very nice original coin...I can be almost certain about one thing, if ngc didn't slab it PL, pcgs won't.

ksteelheader · March 24, 2004 8:52AM

I showed the coin to NGC at Baltimore, and they said it was slabbed before they started designating Prooflike. They said it would cross to prooflike if resubmitted for designation review.....Ken

Goldfinger · March 24, 2004 9:02AM

I don't see the PL, but it looks like a 65 to me.

BigAl · March 24, 2004 9:08AM

in that case--good luck! I just received grades from a submission today which had an 83cc which was previously in an NGC MS63PL slab...you know where this is going.....I felt the coin was a weak PL (both sides displaying similar depth) but a PL nonetheless---no dice. PCGS is very tough on PL's, especially recently. When I buy PL's, I look to the blue PCGS holder w/ the barcode (newest holder).

Stuart · March 24, 2004 9:09AM

Ken: I would not recommend resubmitting your 1879-S for the following 5 reasons (Just my 100 cents worth):

1) I like the older "keyless" NGC holders which tend to cause coins to tone with a brown rim -- esp heavier towards the top of the coin (gases escaping from the paper insert prior to separating the label into a separate compartment)

2) From your photos the coin does not look PL to me (PCGS is tougher on PL's than NGC)

3) The "skid marks" in front of Miss Liberty's face will make this a tough shot-65

4) Theres' no great upside commercial benefit on an 1879-S upgrading from 64 to 65 ($50 upside -- minus grading fee)

5) It's a nice coin the way it is -- don't mess with it...

ksteelheader · March 24, 2004 9:22AM

Stuart, I think I'm going to take your suggestion and leave it as it is.....Ken

stman · March 24, 2004 9:34AM

<< <i>no dice. PCGS is very tough on PL's, especially recently. When I buy PL's, I look to the blue PCGS holder w/ the bar-code (newest holder). >>

OK now just for fun.... how about I take some PL pcgs holdered coins from a time it was thought they weren't tough, re-holder them for a nominal fee.
Now poof, I have some PL PCGS coins in their new holder and tougher standards. Or do I?

dizzlecc · March 24, 2004 9:35AM

Yes, I second that motion.

The coin is nice but I wouldn't try to cross it, not enough upside.

jdimmick · March 24, 2004 9:43AM

I see Ms-64 at PCGS, reverse will keep it out of a 5 in addition to the obverse comments.

nankraut · March 24, 2004 10:15AM

I endorse what Stuart says.

BigAl · March 24, 2004 10:28AM

OK now just for fun.... how about I take some PL pcgs holdered coins from a time it was thought they weren't tough, re-holder them for a nominal fee.

Very true--but I don't think this is done very often. Why, because there is also a question of grade, not just designation. take the old rattlers for instance, the ones designated PL...I've had much success getting a numerical upgrade, but the pl designation frequently falls off. So there is risk to simply reholdering.....the risk of an undergraded coin. Take away the pl, but bump the grade for eye appeal. I've cracked 8 pl rattlers with 5 grade increases but with a loss of 4 pl designations.

Morgan...79-S

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