1904-O Morgan ICG MS66+ Crackout or Crossover?

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Paul
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Re: 1904-O Morgan ICG MS66+ Crackout or Crossover?

#21 Unread post by Paul »

Just keep your head down, ask questions, and memorize answers......

Due to a steeper than average learning curve, 95% give up!
(You know this is so easy right?)

Oh yeah, make sure that you look at hundreds of thousands of coins :ugeek:
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Earle42
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Re: 1904-O Morgan ICG MS66+ Crackout or Crossover?

#22 Unread post by Earle42 »

I agree with the CAC theory you proposed.

Besides that...my take.

You send CAC a PCGS Morgan MS63 labeled slab and get a green sticker. Ok - so CAC says PCGS did their job right*.

But then the coin is broken out, resubmitted, and let's say comes back M@64 or MS62.

Oops...so...what about the former CAC sticker that said PCGS was correct?

I do think it possible to see a coin has been undergraded, so there could be some validity to CAC saying something is undergraded, but...sending the coin in does not mean it WILL get the better grade! Again we hit a wall b/c there is no science where there should and could be.

Do I have an actual, in -hand example of the above scenario? No. But since CAC is just doing what PCGS does - giving an opinion with no verifiable standard, the scenario is posssible...and I would suspect it to be probable.

*Well...by definition there can be no "right" when there is no verifiable standard. What the CAC verifies is more like asking someone to draw a ruler (PCGS), and have another person (CAC) say the ryler looks good enough to them, but they have no actual ruler to check it by.
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Re: 1904-O Morgan ICG MS66+ Crackout or Crossover?

#23 Unread post by RevElvisLee »

Earle42 wrote: Mon Apr 18, 2022 6:56 pm
I do think it possible to see a coin has been undergraded, so there could be some validity to CAC saying something is undergraded, but...sending the coin in does not mean it WILL get the better grade! Again we hit a wall b/c there is no science where there should and could be.
I just sold a really nice 1882-S Morgan (MS65) in the old ANACS Soapbar holder this morning that, if I'm comparing it to other MS65s I've seen, seems like it actually could have been undergraded. But I like the little white holders. I think a lot of people do. They're unobtrusive, and showcase the actual coin more than a PCGS holder does. I WAS thinking about crossing it, too! But somebody offered me a decent price and... well, as the old axiom says: "A bird in the hand is worth two in the bush". 👍
Just my two cents...
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