Why Wouldn't U Bust This Key Date Morgan Out?

[SilverDollarMan]

And submit it 2 the Big Two? High Dollar Morgan Key Date

[gmarguli]

Because if NTC calls it light cleaning, it is probably scrubbed with SOS. Also, that light cleaning might really be something more - like whizzing.

[Wihlborg]

Because it would be body bagged due to the cleaning.

 

John

[SilverDollarMan]

Thx guy's, I'm slooowly learning. Thought sum was up!

[Wihlborg]

 

John

[Elcontador]

Rule number one: If an otherwise expensive coin is either raw or in a slab like that one, there's a reason for it.

 

Rule number two: The usual way you're going to rip a coin is if you spot a mint-error or otherwise scarce variety the seller isn't aware of.

 

Rule number three: No one who is not a family member (or family member wannabee) is going to sell you a problem-free coin at a deep discount.

[Coinguy89]

That would BBed fast!!!

[EZ_E]

I just drove over to Bishop, CA last monday and checked out the local coin shop. The proprietor just got back a submission from NGC. It was an 1891 CC "spitting eagle" variety Morgan dollar graded ms 63. What a gift! The only thing that this coin had going for it was great luster but the devices and fields were severely bag marked. It would be lucky to make a 62.

 

So why the leniency from one of the big two? Does the variety and the mint mark justify a bump of 1 to 2 points in the grade? Call me obtuse but I just don't get it.

[Tradedollarnut]

You answered your own question - great luster. A coin is penalized more for post-bag mishandling than for bagmarks. Diminished luster, hairlines, etc are what kill Morgans in the grading department.

[EZ_E]

You answered your own question - great luster. A coin is penalized more for post-bag mishandling than for bagmarks. Diminished luster, hairlines, etc are what kill Morgans in the grading department.

 

TDN, thanks for the info. Now, I have more insight but no more of an understanding of the practice.

[SilverDollarMan]

Hey Scott, I know u from across the street. I'm in Cinti,Ohio. Thx 4 the offer!

[SilverDollarMan]

Thx 2 everyone that imputed their knowlege of my question. I have a million Q's. I love this hobby and want 2 learn about everything concerning numismatics, even on coins that don't intrest me. Plz don't get annoyed w/ me. Thx again.

[Oldtrader3]

Victor: Going all the way to the big city from Tonapah, NV to Bishop, CA eh? I can see why they bumped the coin. It is a scarce variety.

[EZ_E]

Victor: Going all the way to the big city from Tonapah, NV to Bishop, CA eh? I can see why they bumped the coin. It is a scarce variety.

 

Yep, Charlie, it's the redneck way of life. Hoot can fill you in.

 

p.s. I thought that the spitting eagle was pretty cool looking, too.

[Oldtrader3]

I used to go deer hunting in Bridgeport, CA when I lived in L.A. Also, I did some work on a Cinnebar mine north of Tonapah years ago. So I know the area but Tonapah is probably bigger now than in 1964.