Thread: Would like opinions as to the grade of this Morgan

Next time you see JA, ask him if he's bought any coins sight unseen lately for his clients. If I can remember. Spectrum was at the last show and I meant to ask about the cemented coins but forgot.

I thought I had. NO, you haven’t, glocmt12. When the TPGs’ grading standards become “loose” such that strictly graded MS-65s, for example, are now accurately graded MS-66s, what real value is there in CAC’s “opinion”? If market grading standards change (for whatever reason), what value is there in CAC’s “opinion”? It is a wide known fact that grading standards at the TPGs have changed over time and they fluctuate. Your...

Which is quicker to sell.........an overgraded encapsulated coin or one that is graded properly with a CAC sticker on it? A VG10 coin with a sticker on it is more appealing to me than an obviously overgraded VG10 in a F12 or F15 slab. I've seen a fair share of overgraded material sit in dealer stock for a while. It just doesn't move.

glocmt12 wrote : Or that there is a wide range within a grade and that a single number doesn't tell you much about a coin. Except its grade. For anyone who is interested, and I doubt anyone is, go to the NGC website and check out their grading system for ancient coins for an example of a TPG capturing more than one parameter about a coin. Please excuse this interruption. Fell free to continue the entrenched battle now.

The weakness he saw was in third party grading. Namely, what is on the label does not always accurately represent what is inside the plastic. Oh wait, he was a founder of both PCGS and NGC. Next time you see JA, ask him if he's bought any coins sight unseen lately for his clients.

" If and when you know as much about your field as he knows about his you will be entitled to an opinion. " Oh, I'm entitled to an opinion, good buddy. And make no mistake. I'll express it at my own pleasure. Deal with it. " You are an expert in Dansco albums, I believe. " News to me. Grasping at straws, are you?

Alright, maybe Ms-65.

I might point out that despite this, it is a tougher date/mm combo to find and would fill a slot nicely in a set for someone who doesn't have the $1200 or more for an uncirculated piece. AU bid in greysheet for an 04-S is a respectable $450....the downshot in XF is $165. I'd guesstimate that with the cleaning, this would sell here somewhere in the $200-300 range. FWIW.

Neat pictures. Thanks for posting.

I believe that Omega's antics preceded PCGS and NGC, though. My memory of exactly who got fooled by those before they were discovered may be a little fuzzy. But you get my point.