About Uncirculated 58 is a grade that can be confusing for
collectors. It means that a coin does not grade Mint State in that it
has some wear on the high points or a bit too much rub in the fields.
AU-58 coins can show a wide-range of quality, and many can sell for
more than lower-grade Mint State grades such as MS-60, MS-61 and MS-62.
Sometimes particularly nice AU-58 coins are called “AU-62” in that
they appear Mint State (even though they aren’t). GreatCollections.com Dec. 22, 2014, auction of more than
70 coins graded AU-58 and with a green CAC sticker tested the market.
Here is one of three AU-58 Morgan dollars Coin World is
profiling in this week's Market Analysis:
The coin: 1880-S Morgan dollar, AU-58, CAC
The price: $42.66
The story: More than half of the 71 AU-58 Morgan dollars
offered in the Capuano Collection sold for less than $100. There is a
market for certified common coins in AU-58 grades, in large part due
to the Professional Coin
Grading Service “Everyman” category of registry sets in which no
coins graded higher than AU-58 may be included.
An 1880-S Morgan dollar graded AU-58 with Certified Acceptance
Corp. sticker is an unusual coin (the one in the auction sold for
$42.66). To find a lightly circulated 1880-S and 1881-S Morgan dollar
is a greater challenge than finding a nice MS-63, MS-64 or even MS-65
coin, as these two coin issues were saved in huge quantities in
Both of these dates are usually selected as type coins as they were
well-produced and survive in large numbers in high grades. While PCGS
has graded 222 examples in AU-58, its population reports show 34,124
in MS-65, 9,929 in MS-66, and 1,961 in MS-67.
At $42.66, this piece sold right around the retail level for an
MS-61 coin. The AU-58 CAC 1881-S Morgan dollar in the auction sold for $38.
Read the rest of this Market Analysis:
1884-S Morgan dollar with rare AU-58+ grade brings
$5,500 at auction
'Tricky' 1886-O Morgan dollar with AU-58 grade
solid alternative to Mint State purchase
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