Under graded 1901 Morgan?

Elemint · July 23, 2018 2:05PM

I can't imagine this fine specimen being anything less than MS64. I thought it was a MS65 at first glance. Maybe PCGS was over cautious grading for the bump from MS63 to MS64 is $50,000 ($14,000-$64,000). Graders step up!

https://coins.ha.com/itm/morgan-dollars/1901-1-ms63-pcgs-the-1901-p-dollar-is-one-of-the-great-condition-rarities-from-the-20th-century-one-wouldn-t-think-so-from-lo/a/388-2330.s?ic16=ViewItem-BrowseTabs-Auction-Archive-ThisAuction-120115

clarkbar04 · July 23, 2018 2:11PM

I'd generally assume that has been to CAC being that it is a $14,000 coin, and that it didn't sticker so I wouldn't assume so.

also really hard to judge from those photos.

Insider2 · July 23, 2018 2:12PM

Wherever the jump is the grade tightens. It' best not to try and outguess PGCS unless you really know your stuff...and that may not be good enough.

A 63 could have a patch of hairlines not visible in an image.

PocketArt · July 23, 2018 2:14PM

Could be a bit dipped out...hard to tell from photo's but probably the case.

david3142 · July 23, 2018 2:16PM

That auction is from 2005 so CAC didn’t exist. It is possible that it has since upgraded but as @Insider2 noted, the grading on coins with huge price jumps is usually very conservative.

TommyType · July 23, 2018 2:17PM

@PocketArt said:
Could be a bit dipped out...hard to tell from photo's but probably the case.

What he said. I don't see the luster one would expect for a white coin....but could be the pics.....

RogerB · July 23, 2018 2:22PM

Looks OK from the photo.

cameonut2011 · July 23, 2018 2:32PM

@clarkbar04 said:
I'd generally assume that has been to CAC being that it is a $14,000 coin, and that it didn't sticker so I wouldn't assume so.

also really hard to judge from those photos.

The coin had not been to CAC at the time the image was taken and the auction held. The photos are dated from 2005. CAC wasn't founded until 2007 and didn't really become mainstream until a year or two later.
Those are really crumby photos to judge a coin by. There could be anything hidden by the photos.

BillJones · July 23, 2018 2:33PM

@david3142 said:
That auction is from 2005 so CAC didn’t exist. It is possible that it has since upgraded but as @Insider2 noted, the grading on coins with huge price jumps is usually very conservative.

The pictures were from a time when Heritage over exposed a lot of its photos which hid problems. You would be amazed how you can hide marks with bright light photos. I was, unpleasantly. I would have no opinion about this piece because don't tell you what you need to know.