I Just Had This Thing Crossed and Upgraded at CACG, Now apparently a Pop 1

Was previously an NGC 66+
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Your hobby is supposed to be your therapy, not the reason you need it.
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Was previously an NGC 66+
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Your hobby is supposed to be your therapy, not the reason you need it.
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Looks solid to me, but I thought everyone says CACG only grades tight?! 🥸
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And don’t forget about NGC supposedly grading loosely.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Beautiful coin and love the holder personally. But you should have told everyone here it was previously NGC MS68 so it would fit the narrative.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Looks like CACG is loosening up, I remember way back in their early years when they used to grade tight.
WHAT THE HELL? Up is down. Left is right.
All comments reflect the opinion of the author, even when irrefutably accurate.
To be fair, I would wager that for every NGC 66 or 66+ that looks like that, there's at least 5 68 PLs that would have to cross down. My NGC experience is largely based on the stuff graded from 2000-2015. I sent one sub to them a few months ago, and they dropped the hammer on me worse than PCGS would have.
Edit- I wouldn't wager that much on a moregan, though, this isn't the arena I dabble in. NGC Pioneer is exponentially more treacherous minefield.
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Their “early years” would have been a very long time ago - way back in 2023 and 2024.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Whatever it takes to make a sale.
To the OP... it's a beautiful coin. Period. At THAT point, I really wouldn't care whose plastic it happens to be in... (caveat emptor) if I had that kind of money
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when did u get out of jail buddy
God comes first in everything I do. I’m dedicated to serving Him with my whole life. Coin collecting is just a hobby—but even in that, I seek to honor Him. ✝️
To be fair though Dan, that sub was in the opposite direction the narrative said it would have went. And significantly so.
Would you care to expound? I was being mostly facetious, CACG does not give much leniency to small issues but my observations are that they are giving each coin a fair shake. I’ve heard almost as many “collector makes top pop” as “dealer got hammered on details coins” stories.
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That’s what I was implying when I said “they dropped the hammer on me worse than PCGS would have”. I was referring to current NGC, not CACG. I also added an edit, I think my comment was pretty fair overall 🙃.
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Dan, I misread your comment "dropped the hammer" and took that as more of a dropped the ball reference. Was reading too fast... doh.
I do agree with your comment in full.
They grow up so quick don't they.
And THAT is precisely WRONG with this numismatic hobby ! It is no longer how LEGITIMATELY rare or historical a coin is . It’s all about what the plastic slab grade it is, which slab company did it,
the “ market value “ of what a single point upgrade - or even a plus + sign - means in increased $ value.
It almost seems - no, not “ almost “ - as if collectors and dealers are dealing in PLASTIC now and whose ego dictates they have a “ POP 1 or 2 “ now. No one considers that the vast majority in most cases like exonumia are still raw and not encased in slabs ! Indeed, this also applies to many die varieties in coins. Or in raw hoards yet to surface like the 1889 CC Morgan or US gold coin hoards still overseas like the “ Fairmont hoard “ . Slab population means 0 .
Gad, but I hate this phrase “ POP “ as in Population. Just how many collectors or dealers can realistically tell the difference between MS 66 and 67 or even 67 and 67+ ? Yet there are enormous differences in market value.
Is it REALLY worth the $ difference between say an MS 65 and an MS 67 which is usually multiples in value. Is this “ hobby of Kings” ( “ king “ now having an entirely different political connotation ) headed towards the stamp collecting market - the only difference will be the coin’s intrinsic metallic value ?
Oldtimer collector
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Or, maybe, what's wrong with the hobby is the prevalence of people who rant and rave, misconstrue statements, make random negative comments on threads that don't call for it, and peddle in misinformation and paranoia in nearly all of their posts.
But sure, it might also be someone innocently showing off a very attractive coin.
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Easy now Oldtimer, we don’t need no trouble, if you wouldn’t mind holstering your weapons please. Op sent a coin in and it graded as a Top pop, we were all just admiring its sexiness and got off on a bit of a side-tangent of grading intricacies between the current services.
Many posters in this thread are quite advanced graders and can buy coins raw when necessary, and we all appreciate historical significance. This particular thread is about an 81-S Morgan though, so it’s not exactly the most storied piece. There is a legitimate difference between a 65 and a 67 though, and this coin is a stone cold superb gem. With a 65, there would be notable but tolerable hits that could be easily overlooked.
This one is a true proof-like , and it’s a nearly flawless blazer. The spirit of this thread is a congrats to the OP on a slam dunk crossover with some razzle dazzle, but many here would agree with your overall sentiment towards the nuances of the grading and market trends lately.
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So a $600 coin up to now a coin worth around $2000. I'm curious if NGC or PCGS would cross it at the same grade?
https://www.cacgrading.com/cert/630718082
Agreed, we all had some fun and a laugh. To bring it back to the coin, here it is imaged by CAC. I hope op doesn't mind me posting. Congrats on a very nice coin.
Agreed. What a beautiful Morgan.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
Ditto. Congrats to OP. Did some crossing myself with some damaged holders...
Nothing fancy, a simple and functional label.
The grey to white fade in conjunction with the revised holographic bean that's now properly scaled true to form is a nice touch imo...
Nice "TRADES!" Did they also go to pluses?
Just curious, what do you consider a damaged holder?
Thats a very nice looking Morgan. I think 67 is the perfect grade. Affordable and almost as nice as an MS68. Sometimes just as nice or nicer.
Student of numismatics and collector of Morgan dollars
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They were straight crosses that were all beaned, so it was an expected cross. It also saved me some money/shipping to NJ and back for restickering. Once & done.
Here is an example of what I consider holder damage ⇊ The 1880-S was the worse - multiple cracks all over(no pic). I'll refrain from talking about the source of the damage for now.
When comparing MS67’s to MS68’s in hand, how many of the MS67’s were as nice as or nicer than the MS68’s?
😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Nice
I’m sure this question has been asked but with the “cac sticker” being on each graded cacg coin (it’s just printed on the label no?). Does that mean every coin also gets the cac approval? If that makes sense.
Yes, the "cac sticker" is printed on the CACG labels, and they did a good job with their new std labels imo.
As far as "every coin also gets the cac approval", that's open for interpretation for the individual, I suppose?
Here is what CACG has to say about it **...
"CAC was founded to combat the inconsistencies in coin grading and to put a stop to over-grading coins. The CAC Stickering service made an impact on the hobby, but John Albanese and Ron Drzewucki wanted to do more (learn more about Our Team to understand why these names matter). So in 2022, they assembled over 150 leading members of the numismatic community with a purpose to reclaim accuracy and consistency in grading. After all, why merely appraise and evaluate a previously certified coin (our Stickering service) when the same stringent standards can be applied within the context of a grading service?
Boasting the highest quality grading team in the industry—including John Albanese, Ron Drzewucki and John Butler—CAC is committed to applying an unparalleled level of expertise to every submitted coin so that hobbyists, collectors, dealers, and investors can have total confidence in a CAC-graded coin."
Now it is the hobby of whales.
I think the emergence of CACG has caused the other two services to tighten up in response to the commonly held belief that CACG is very conservative. As a result, both PCGS & NGC are now using the "genuine, details cleaned" phrase more so today. In the past many of these coins would have been straight graded and been tradeable at market prices.