INB Grading Company graded this Morgan Dollar as MS67 PL (Proof Like) and it sold at ebay for $896.48! What would you grade this coin? I grade it AU or almost circulated and it might grade lower at EF45.

I don’t know what some collectors are thinking when they buy coins like this. Are they are just getting caught up in a bidding war, or really don’t have a clue, or think they are seriously getting a bargain on a coin they don’t realize it hopelessly over-graded? Which is it?

It could be some “shill” bidding (where the auction seller has different ebay accounts and has people bid on their coins to cause others to bid bid higher) and that’s illegal on ebay.

If you have an answer, please post a comment. I would love to hear what people think about this and why it continues to happen.

What would you grade this coin? At ebay it sold for $200! The person who purchased this coin was scammed. These coins rarely reach higher than $10.00.

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