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Ever see an unusually yet highly attractive MS60 coin?
braddick
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If so, and you have access to a photo, please share!
peacockcoins
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Not the world's greatest picture, but it'll do. It's an OGH 60. If you really study it you'll see why, but the first-look eye appeal is 62-63.
Would you accept a PF 60?
I grabbed this a few years ago. This is a BF-4, which was unknown (but speculated) in proof when the doubledimes book was last updated.
I think that this was the the first confirmed BF-4 proof, but since I found this, I've seen another 3 or 4 in BF-4 proofs surface, all in higher grades.
This was the nicest one that I used to own:
That's pretty awesome -- "MS60 STAR" is sort of a rare bird.
Just sold this one to a forum member actually
and when they mount it ass first, you know that it is special
Bought a 1922 Saint in a yellow anacs-60 holder, I broke it out though.
I don't think I have a photo handy.
Collector, occasional seller
Great examples!
Here is one that got me to thinking about this thread:
peacockcoins
1899-O/O 10C RPM FS-501 - Used to be mine, crossed it from NGC 62. I about fell out of my chair when I saw the result...I should have tried to CAC it. She is still a Top Pop.
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Sorry, but I don't even see how that coin ended up with a numerical grade. The coin looks like it went through a meat grinder. Given how common the coin is, I don't see how it is "market acceptable" even with the attractive reverse toning.
Nothing to do with this coin but I find it ironic (and absurd) that much older and much rarer coins which are "market acceptable" to those who buy it end up in "details" holders due to "surface hairlines".
There is no damage (as defined by the TPGs) or hairlines though. It is very baggy and fits the technical definition of an MS 60 coin.
And many of those “market acceptable” coins with true damage have ended up in straight graded slabs over the years.
Yes, I agree with you. No PMD or cleaning.
The point I am making is that subjectively, the coin has terrible eye appeal which should matter for an 1884-O Morgan dollar. There are several hundred thousand MS in the combined NGC and PGCS population data. With that many, I don't think it is a stretch to say the coin is not "market acceptable" since there is a good reason to believe there are easily more MS coins than collectors who buy it.
The center coin pictured was in an old small ANACS holder before I cracked it and put it in my Dansco - I think the
tiny scratch over the shoulder is the only thing that kept it from I higher grade - and I think it would get a higher grade if submitted to any service today:
Here is a 60 DMPL:
I didn’t think the eye appeal was negative nor did the the person who bought it. The coin was properly graded and the true market reflected its value as it sold for a nice premium both times it was auctioned (somewhere in the $90-$110 range).
Just because there are many coins, that doesn’t mean we should start details grading coins that technically merit a low grade. By extension we can say that pretty much any Morgan that is below MS 67 is so common that it doesn’t deserve to be graded. We can even say all widgets don’t need to be graded; only true rarities should be graded. Somehow I don’t think that would be good though, especially not for the TPGs.
I don't think that's what I was saying. However, I do agree with you that if buyers of Morgan dollars think it is "market acceptable, then it is whether I agree or not.
Thanks for sharing. Many sure looks better than a 60 !!!
A couple of old ANACS 60/60 photo certificates. I must have considered them nicer as I sold the coins without the certs, probably in the late 1980's or early 1990's.
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"To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin
The ugliest Unc. coins I've ever owned were 8 of the 12 GSA CC $s I bought from the mint in 1979 or 1980. They were so painful to look at, I sold them for cost to Superior Stamp & Coin shortly thereafter. I have never seen a coin in MS 60, 61, or 62 that was acceptable to my collection. They were either too ugly, bland, or nice sliders which upgraded.
"Seu cabra da peste,
"Sou Mangueira......."
That’s why it got a grade of 60. It’s UNC, but is incredibly baggy.
As you said yourself, no cleaning or damage, so no reason to be talking about “market acceptability”.
Choice Numismatics www.ChoiceCoin.com
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All of my collection is in a safe deposit box!