A severely overgraded AU coin (in my opinion) in a very new ANACS slab.

VamGuy

MS62??? Not even in a SGS slab.

LINK



Edited title to appease the offended.

BillJones

Yea the coin looks like a sold AU to me. It's not even close to MS status. WAY too much rub in the fields.

ziggy29

Wow. Lotta hairlining there.

ColonialCoinUnion

Tough crowd -

Can you really say they've 'sold out' based on a pic of one Morgan Dollar?

ziggy29

<< <i>Tough crowd -

Can you really say they've 'sold out' based on a pic of one Morgan Dollar? >>

True. We've seen some real badly overgraded dogs in PCGS plastic, too, but there's no claims that PCGS has joined the "third world."

If not for the hairlining, I'd like the coin. Not as a 62, but maybe for 60 money.

Barndog

if that coin is an UNC, it is exactly what the 60 grade should describe.

VamGuy

<< <i>Tough crowd -

Can you really say they've 'sold out' based on a pic of one Morgan Dollar? >>

While I appreciate your comment, this is one example, but not one instance.

partagas

Again I will repeat a solid argument in favor of slabs, and also sums up gradeflation.

You have coins in your collection that are keepers. Most if not all are in slabs. They are the great keeper coins. Coins you won't sell for quite some time.

There is a large superior selection of slabs that aren't for sale. I own them, you own them and we won't sell them. We mostly only sell the dogs.

The coins you most commonly find for sale are of course the dogs of the world. There will be few keepers in this crop, and there will be many dogs. In the inception of 3rd party slabbing, graders received thousands of gem coins. They assigned those coins grades, and kept a tight standard. Gem coins continued to flow in until saturation hit the market. Most of the great coins where locked away in great collections.

Time passes the market overheats, everything is being sent in for slabbing and hope of the big score. The ratio of gems versus dogs gets overwhelming being sent to the graders. The gems get bumped to the next grade higher. The dogs start to get slabbed, because of lack of volume of decent coins. Graders lower there standards based on seeing so many lower dog coins.

More time passes.....

Now all the old slabs start to be cracked and resubmitted. They are all getting upgraded, these are fresh gem coins. The third party graders eventually see so many gems, they tighten the standards and the dogs get punished. Pushed down grades.

Grading tightens so people stop cracking and thus the gem to dog ratio repeats another cycle.


Just my thoughts. And of course once a dog gets the upgrade, it stays in the coffin for the life of the coin.

coinguy1

Even if you had seen the coin in person AND it looked identical to how it appears in the images, the statement in this thread's title is way out of line. And, if the coin has not been viewed in person, the comment was even further out of line.

FatMan

Good call based upon a single slab. You guys amaze me with your statements.

I've seen dogs in PCGS slabs all the time. Keep drinking that Kool-aid

Connecticoin

<< <i>Even if you had seen the coin in person AND it looked identical to how it appears in the images, the statement in this thread's title is way out of line. And, if the coin has not been viewed in person, the comment was even further out of line. >>



Agreed. How on earth can one tell from that image (a Heritage one at that) that there is rub on the coin? Not many MS-62 Morgans are pretty coins, and a modest amount of hairlining is usually tolerated at the low MS grades.

Coxe

I think it is impossible to determine this from those pics. The rim toning meeting field hairlining might just be giving the impression of field rub. I have seen that many times with thos basal state uncirculated Morgans. Also there is a grey band from AU53 to MS62, with all the top TPGs shifting things around depending on the date.

iras4

<< <i>MS62??? Not even in a SGS slab.

LINK



Edited title to appease the offended. >>



I'm sorry, but from the photos, the coin appears uncirculated to me. Maybe a MS-60 or MS-61. Can't tell for 100% certainty without coin in hand, but although the coin has scattered marks and hairlines, there doesn't appear to be rub in the fields. Besides, there's not a huge difference in price between a 60, 61 or 62 in this date, maybe a $40 spread at the most, so I don't think it's appropriate to denigrate ANAC's grading practices on the basis of this photo. Is PCGS or NGC perfect all the time? Certainly not. To call it severely overgraded is just an over exaggeration. What's the agenda here?

Ira

PerryHall

You're judging how ANACS graded a coin based on a Heritage pic?

IrishMike

Man you guys are much better at grading coins from a photo than I am, had me fooled.

Steve27

" Even if you had seen the coin in person AND it looked identical to how it appears in the images, the statement in this thread's title is way out of line. And, if the coin has not been viewed in person, the comment was even further out of line."

I agree.

Myqqy

Count me among those who think that you can't grade that morgan based on those pics....

ColonialCoinUnion

I thought the coin was MS, by the way.

ebaytrader

<< <i>I thought the coin was MS, by the way. >>




Solidly so.

lkenefic

I'd have graded it AU58...perhaps a slider for MS60. I'm certainly not going to ditch ANACS graded coins based upon one slightly overgraded Morgan.

Leo

PerryHall

<< <i>I thought the coin was MS, by the way. >>

Looks like a typical low end MS Morgan to me.

RVDavis

I like the coin and, from the pretty poor photos, think it is accurately graded. I would want to see the actual coin before buying it, which is why I do very little buying from auctions. I do not see any of the markers to make me think it is AU.

ABC123

Is that their 2nd or 3rd Mistake ?

morgannut2

It's a Heritage image--nuff said