Guess the grade-NGC mistake?

[MAULEMALL]

Prudden...Click here

[prudden]

Thanks guys. I wasn't talking about the die cracks.I like those. I was talking about the small chunk missing from the reverse at between 11 and 12 o'clock.

[PrezErrors]

I think it's lower than MS61 as I just got some back that graded MS61 and they look better than this one, but then again this is a photo.

[BillJones]

So, one person hit it. I really can't believe it myself.I've got better that graded 2-3 points less. Here is the slab.I would grade 63 at best. With the spots on the reverse? Ugh!! I gotta say this is about the worst 65(by NGC or PCGS) I've come across. The serial number dates is several+ years back.

 

Grading this coin MS-65 is HUGE disservice to coin buyers, and it’s a prime example of why CAC and the Blue Sheet exist. The 1921-S Morgan is scarce in TRUE MS-65 and above, and the Gray Sheet prices reflect that. The bid price jumps from $130 in MS-64 or $1,015 in MS-65!

 

The Blue Sheet prices show that there are more than a few of these over graded monsters around. The MS-65 Blue Sheet for PCGS and NGC is only $600.

[James_OldeTowne]

I'm posting my guess before reading any other response: MS-63.

 

Edited to add:

 

MS-65 ?!

 

A serious overgrade by NGC.