Post your Morgan Proofs

[robec1347]

I'll start of with this one belonging to Dwaine. Any comments on why you believe the graders only awarded it with a 61 are welcomed.

 

 

 

[MarkFeld]

Even in the images it appears to have quite a few hairlines, and I would guess there are a lot more which are apparent in person.

[TomB]

In my experience, hairlines are the single greatest grade determinant for nineteenth century proof coinage.

[Yarm]

One of my last US coins to go. Consigned to a well publicized Heritage auction in its PCGS 66 Cameo holder. Sold to a well-heeled collector who liked its looks? No. Laura of Legend buys it, adds a healthy markup, talks it up on Legend's site and quickly sells it for a nice profit. I guess some folks don't have the confidence to buy a coin without multiple endorsements.

 

[MarkFeld]

One of my last US coins to go. Consigned to a well publicized Heritage auction in its PCGS 66 Cameo holder. Sold to a well-heeled collector who liked its looks? No. Laura of Legend buys it, adds a healthy markup, talks it up on Legend's site and quickly sells it for a nice profit. I guess some folks don't have the confidence to buy a coin without multiple endorsements.

Perhaps the Legend client was unaware of the coin when it sold via auction. But even if he/she did know about it at that time, an auction house doesn't typically allow a return privilege like a dealer does, and that can (and should) be be an extremely important consideration.

[robec1347]

In my experience, hairlines are the single greatest grade determinant for nineteenth century proof coinage.

 

I agree with you Tom. I had an 1862 proof Seated Half covered with hairlines, but still graded a 61.

 

 

[jgrinz]

My Proof Cameo

 

[MarkFeld]

In my experience, hairlines are the single greatest grade determinant for nineteenth century proof coinage.

 

I agree with you Tom. I had an 1862 proof Seated Half covered with hairlines, but still graded a 61.

 

Why say "but still graded a 61" ? Did you think it should have graded lower?

[kryptonitecomics]

hairlines or not........those are some pretty coins. Never owned a proof Morgan but it's on the list of coins I want to acquire

[robec1347]

In my experience, hairlines are the single greatest grade determinant for nineteenth century proof coinage.

 

I agree with you Tom. I had an 1862 proof Seated Half covered with hairlines, but still graded a 61.

 

Why say "but still graded a 61" ? Did you think it should have graded lower?

 

I was surprised that it didn't bb. I submitted it before I became educated in the signs of cleaning. I wasn't aware of the hairlines until after it was returned and I had imaged it.

[robec1347]

hairlines or not........those are some pretty coins. Never owned a proof Morgan but it's on the list of coins I want to acquire

 

I agree with both statements. Was this type of cleaning an accepted practice in the 1800's and early 1900's?

[MarkFeld]

In my experience, hairlines are the single greatest grade determinant for nineteenth century proof coinage.

 

I agree with you Tom. I had an 1862 proof Seated Half covered with hairlines, but still graded a 61.

 

Why say "but still graded a 61" ? Did you think it should have graded lower?

 

I was surprised that it didn't bb. I submitted it before I became educated in the signs of cleaning. I wasn't aware of the hairlines until after it was returned and I had imaged it.

I don't know how it looks in hand, but a PR61 grade typically indicates a lot of hair-lining and it takes even more than " a lot" to end up with a body-bag.

[robec1347]

In my experience, hairlines are the single greatest grade determinant for nineteenth century proof coinage.

 

I agree with you Tom. I had an 1862 proof Seated Half covered with hairlines, but still graded a 61.

 

Why say "but still graded a 61" ? Did you think it should have graded lower?

 

I was surprised that it didn't bb. I submitted it before I became educated in the signs of cleaning. I wasn't aware of the hairlines until after it was returned and I had imaged it.

I don't know how it looks in hand, but a PR61 grade typically indicates a lot of hair-lining and it takes even more than " a lot" to end up with a body-bag.

 

In hand it was blast white with a ton of luster and no marks or distractions......that is until you loupe it or take a large closeup.