No coins in the nineteenth century (or before) have graded MS-70 or PR-70 by PCGS, NGC, or ANACS. A while ago there was a typo made in the PCGS pop report about a PR-70 Morgan Dollar, though.
Classic coins don't get those hi end grades because they have to be perfect just to get an MS68. The same coin that grades 67 as a classic would rate an 69 if it were a modern. Do a search and locate some PF68 Morgans and compare them against a PF68 Silver Eagle. The new 68 eagle will have nics and color spots, the 68 Morgan will be perfect.
<< <i>Classic coins don't get those hi end grades because they have to be perfect just to get an MS68. The same coin that grades 67 as a classic would rate an 69 if it were a modern. Do a search and locate some PF68 Morgans and compare them against a PF68 Silver Eagle. The new 68 eagle will have nics and color spots, the 68 Morgan will be perfect. >>
So why is there a bias situation against Classic Coins ? If a modern can get 69 with ticks and crud on it why can't a classic get the same grade ? Geezz....the old double standard or what ?
Personally I never look at moderns. Maybe a look should be had and then a rant thrown at PCGS and NGC....
I am not aware of any MS70 colonials. I do however have a few MS66s which are sufficiently mind-blowing to make me glad that I don't own any MS70s as they would surely cause me to drive off the road and hit a mailbox or small tree.
Curious that the replies to this thread state that no classic coins have been given a 70 grade. Looking at the first edition of the PCGS book on grading shows big color pictures of Mint State Morgans (the pictures do not show that the Morgans are slabbed). Sitting right there in the PCGS book is a Morgan which is described as MS 70, a perfect coin. As pictured, it looks perfect to me (major drool).
Why does PCGS publicize a Morgan in MS 70 in it's book, yet not list it in their pop reports? (I assume from the replies to this post that no MS 70 Morgan is listed in the pop reports; I can not understand why the owner of the pictured coin would not have PCGS slab it if PCGS deems it a 70 in its book).
Does anyone have any info on this coin and the issues I have raised?.
The TPG IMO have different standard by which they grade different series of coins. Compare how Morgans are graded versus Seated Dollars. Just an example - I have a Seated $ in PC 3 which has fewer contact marks than most Morgans I've seen in PC 5.
I did see a 1911 Liberty Nickel in PF 69 (it was an NGC coin). But IMHO, with gradeflation, I am suspect of any classic coin graded MS 67 or better these days if I haven't seen it myself, or have someone I consider to be a specialist in the series vouch for it. Ie., if there's an IHC in 7 RD and Rick Snow likes it, I'm fine with the coin, and also sure I can't afford it.
If I look at a particular coin, I may feel that it warrants the grade, but as you know, many coins have upgraded in the last five years. As far as I am concerned, the holder is only a starting point when considering making a purchase. I have seen few Liberty Nickels or SLQs in 7 holders that I thought merited the grade. Most of these higher end classic coins I've seen are late dated Seated material (just the dimes, quarters and halves).
Secondly, and probably more important, I'm too cheap to spend that kind of $ for a classic coin in PC or NGC 7, even if it merits the grade.
"Vou invadir o Nordeste, "Seu cabra da peste, "Sou Mangueira......."
Well here's a theory of mine...PCGS graded 14 1939-D mercs in 69FB. It's the only merc to receive such a high grade by PCGS and tere are 14 of them!! I'm thinkin that when one was graded 69FB, it opened up the flood gates and let others in. It's the part of the reason why there are a couple instances of 50-60 mercs of a particular date in PCGS 68FB...the flood gates haven't opened yet!
that theory is slightly true on the 69FB's. ALL of those coins have toning in a certain pattern that is very recognizable. I have seen at least 6 of them in person. NONE of the 69FB's are white.
PCGS does not give out 69's without color (in the Merc series at least).
jb...I saw the couple that heritage sold off...one in 95 (no photo) and one in 01. In 1995, only 8 were graded 69FB. My guess is that these creatures were minted within inches of each other.
There are a number of MS69 19th century US gold coins graded. The Eliasberg 1894-s $5 LIb was one of my favorites at the sale in 1983. I later saw the coin graded MS68, then recently NGC MS69. It was far from perfect with some light grazes or high point scuffs. I saw a NGC PF69CAM 1890 25c at the 2002 FUN show that had obvious high point scuffing. Point is, none of these classics graded 69 were perfect. A small coin like a $1 gold may be pretty darn close to perfect. But, I've yet to see any MS67-69 coin that did not have contact marks of one sort or another.
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-YN Currently Collecting & Researching Colonial World Coins, Especially Spanish Coins, With a Great Interest in WWII Militaria.
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<< <i>I don't know of any. The highest i've seen was a MS-69 on a gold speciemen. >>
Do you remember what coin that was?
<< <i>Classic coins don't get those hi end grades because they have to be perfect just to get an MS68. The same coin that grades 67 as a classic would rate an 69 if it were a modern. Do a search and locate some PF68 Morgans and compare them against a PF68 Silver Eagle. The new 68 eagle will have nics and color spots, the 68 Morgan will be perfect. >>
So why is there a bias situation against Classic Coins ? If a modern can get 69 with ticks and crud on it why can't a classic get the same grade ? Geezz....the old double standard or what ?
Personally I never look at moderns. Maybe a look should be had and then a rant thrown at PCGS and NGC....
Ken
are only a handful of ultra-modern regular issues graded MS-69.
Why does PCGS publicize a Morgan in MS 70 in it's book, yet not list it in their pop reports? (I assume from the replies to this post that no MS 70 Morgan is listed in the pop reports; I can not understand why the owner of the pictured coin would not have PCGS slab it if PCGS deems it a 70 in its book).
Does anyone have any info on this coin and the issues I have raised?.
<< <i>
<< <i>I don't know of any. The highest i've seen was a MS-69 on a gold speciemen. >>
Do you remember what coin that was? >>
It's an 1854 Kellogg & Co. $20 dollar pioneer gold certified SP69 by NGC. I saw the coin at some show. It's about perfect. (AP)
We'll use our hands and hearts and if we must we'll use our heads.
<< <i>the 68 Morgan will be perfect. >>
no it won't. Do you own any?
I did see a 1911 Liberty Nickel in PF 69 (it was an NGC coin). But IMHO, with gradeflation, I am suspect of any classic coin graded MS 67 or better these days if I haven't seen it myself, or have someone I consider to be a specialist in the series vouch for it. Ie., if there's an IHC in 7 RD and Rick Snow likes it, I'm fine with the coin, and also sure I can't afford it.
If I look at a particular coin, I may feel that it warrants the grade, but as you know, many coins have upgraded in the last five years. As far as I am concerned, the holder is only a starting point when considering making a purchase. I have seen few Liberty Nickels or SLQs in 7 holders that I thought merited the grade. Most of these higher end classic coins I've seen are late dated Seated material (just the dimes, quarters and halves).
Secondly, and probably more important, I'm too cheap to spend that kind of $ for a classic coin in PC or NGC 7, even if it merits the grade.
"Seu cabra da peste,
"Sou Mangueira......."
Undoubtably true, however most Morgans have full and complete luster - which is a rarity among seated dollars. You can't just grade on marks.
that theory is slightly true on the 69FB's. ALL of those coins have toning in a certain pattern that is very recognizable. I have seen at least 6 of them in person. NONE of the 69FB's are white.
PCGS does not give out 69's without color (in the Merc series at least).
Buy the coin, not the slab.
roadrunner