Fuzzy Thinging???

skier07

Why does a collector or dealer send a common date Morgan to be slabbed? I have never sent
a coin to be slabbed, but if I were, I wouldn't be sending common date Morgans which come back 63
unless I thought the coin was worthy of a higher designation. Is it reasonable for me to assume that
if a common date Morgan is in a 63, that whoever submitted it, thought it was a higher grade coin
and that if I can purchase this type of coin cheaply it potentially is a good candinate for upgrading?

Bruce

Steve27

I'm guessing you ment "Fuzzy Thinking," because that's what it is. Most 63s are 63s and that's all there is to say about it. As to how they came to be slabbed doesn't matter.

CarlWohlforth

While the submitter may have thought the coin was a 65 or more it probably really is a 63. The submitter probably wasn't an expert grader so I wouldn't assume common date Morgans in 63 are upgrade candidates, I'd assume they are graded properly.

Other reasons for submitting is the submitter simply enjoys submitting coins or wanted a 63 for a grading set. Perhaps there are other reasons?

Steve27

Want to buy some:

kieferscoins

"Is it reasonable for me to assume that if a common date Morgan is in a 63, that whoever submitted it, thought it was a higher grade coin and that if I can purchase this type of coin cheaply it potentially is a good candinate for upgrading?"

No. That is prone to failure and you will buy a bunch of coins that will never upgrade.

Cameron Kiefer

morgannut2

There are a few reasons that have nothing to do with upgrades:

One: to sell a group of common Morgans at Heritage, they have to be graded.

Two: to complete a registry set the coins must be in an NGC or PCGS holder

Three: some collectors when doing a set, want to allocate the most money to the coins which go up
most historically in value. Having the commons in 63 allows you to put more money in semi-keys in higher grades.

Four: sometimes 63/64 commons are included in group submissions of rolls by dealers where they get a discount
for the large number of same date coins, although apparently the discounts are not as high now as in the past.