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Morgan help

Started by Regis44,

9 posts in this topic

Regis44

Regis44

Posted
Posted

I purchased this 1882-S PCGS MS-64. In-hand, I find that it should be PL (distinguish print well over 6"). As PL, it is worth about double MS. If I crackout and submit, how much risk is there to dropping a point or 2 (which would defeat the purpose of submitting)? Appreciate comments. This is the best I can do for photo.

 

1882-001.jpg

 

1882-002.jpg

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Bruceswar

Bruceswar

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If you feel it has a real shot then the upside far outweighs the downside. That is if you plan on selling it. If you do not then you should not reholder it in my opinion. Just my thoughts.

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Bruceswar

Bruceswar

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Submit the coin in the holder for designation review.

 

Thats very good advice, but if it does not upgrade then cracking may be the way to go if you truly believe it should.

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TomB

TomB

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As far as I understand the initial question, he is not looking for an upgrade but just wants the PL designation added.

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Bruceswar

Bruceswar

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As far as I understand the initial question, he is not looking for an upgrade but just wants the PL designation added.

 

You are right, but we all know that the TPG's may deny a coin looking for a PL desination in a holder, yet you crack it out and submit it and it gets the desination. I have seen it happen before and I am sure you have as well.

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macrocoin

macrocoin

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Unless you are looking to sell it, I wouldnt do a thing. If the coin is PL, then that isnt going to change. Regardless of what the label on the holder says, the coin is what it is. I cant say from the image you posted if it would get the PL, and im not the expert anyway so my opinion isnt where the buck stops. If you really want the label to reflect the true condition, send it in for review. You may want to take the slab to a show and ask a few folks for opinions before incurring the expense of submitting it.

 

Good luck - either way, its a nice coin!

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Regis44

Regis44

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I don't plan on selling but, I will send for designation review. I do want the coins to be accurately labeled.

Thanks for the good advice.

 

Regis

 

p.s. Those mirror surfaces sure are hard to capture in photo Christo_pull_hair.gif

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Stanley

Stanley

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Regis,

Here is my opinion. If you like the coin which obviously you do, then leave it as is. You are taking a gamble that, based on someone else’s opinion that the coin will grade PL. From my own experience, and I have done it myself many times and later regretted wasting the money. Now if an upgrade were to make the coin more valuable and you were selling, that would be a different story.

 

Look at it like this. You have a nice looking coin (it is what it is). This particular coin (year and mint) are known for there above average eye appeal, luster, etc. Every time the coin is cracked out and handled regardless of who does it you stand a chance of getting another mark on it. Look at it as a high end MS64 and enjoy it knowing it has been conservatively graded and save your cash for something else you would like to have.

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