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Help Grading 1886-O Morgan Dollar

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Pillar of the Community
United States
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 Posted 08/29/2012  9:34 pm  Show Profile   Bookmark this reply Add 1893S to your friends list
The 1886-O shown in the OP's photo is an AU coin! I would pay AU53 price maximum for the coin.
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 Posted 08/29/2012  9:41 pm  Show Profile   Bookmark this reply Add D0ubl3Eagle to your friends list
I have to say low AU and could be cleaned on the 1886-O. The 1888-O is MS even though it has a lot less detail than the 1886-O.
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 Posted 08/29/2012  10:27 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
Now, OP, consider why everyone is calling the "worn" coin I posted MS while they're all calling yours circulated.

For the record, IIRC the one I posted was cracked from NGC MS-63. It belongs to CCF Moderator Metalman.
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 Posted 08/30/2012  2:31 pm  Show Profile   Bookmark this reply Add fenton to your friends list
@SsuperDave did you take a belt sander to that coin after you cracked it out ? << just kidding it's really nice for a weak strike! >>
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 Posted 08/30/2012  8:35 pm  Show Profile   Bookmark this reply Add Gothic Florin to your friends list
Goly, There's a lot that goes into grading, and the more time I spend on this forum the less I realize I know about it. I have learned a lot here, and I would take the advice given.

1) this isn't an MS coin
2) the person selling it has tried to make it look that way since there is a lack of bag marks. This is only one component of grading, and the wear on the high points and lack of cartwheel is a giveaway.

We all make mistakes, hopefully these weren't too costly for you...


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 Posted 08/30/2012  10:53 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list

Quote:
We all make mistakes, hopefully these weren't too costly for you...


I ran down this and one other of the group posted by the OP at their auctions; they are "slabbed" by a basement slabber with a high grade and represented a significant loss on the poster's part. I better understand the poster's unwillingness to listen to our advice. He threw a *lot* of money away on these.

Goly1382, knowing that these all likely came in the same useless slabs greatly worries me. Not only are the grades absolutely untrustworthy, chances are that even the ones which look "good" have unoriginal surfaces which lessens their value. Do not touch slabs from other than PCGS, NGC, ANACS or ICG until you learn to grade. Let the hard lesson stop here.

It hurts me to watch unknowing people doing this.
Bedrock of the Community
United States
14454 Posts
 Posted 08/31/2012  09:18 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list
this is definitely not a MS coin at all. it would be lucky to get a grade anything above AU-55 and even then it would be a problem coin because it looks polished/cleaned. I have a few MS-64-67 Morgans in my collection and to this one isn't even close. The only way it would get a grade like the OP is saying is if it was from SGS,PCCC,NAC or any of the other bottom feeders that slab coins in their basement, no REAL Third Party Grader would give it a grade anywhere near those numbers. I also have the same date/mm of this coin graded MS-61 that was given to me as a gift graded by PCGS and this coin doesn't even look close to that. My advice to the op mirrors SuperDave's in saying that he really needs to learn to grade before buying any more Morgans because if he is paying anywhere near the worth of the grades he is saying it will be costly for him before he actually learns and I mean real costly

Quote:

@ SuperDave:
I'd say that's a nice ms62 eds vam-1f
I am sure you are talking about the coin SsuperDdave posted and not commenting the grade he gave on the OP's coin, I just hope the OP doesn't read it and think you are saying you believe his coin is that grade and that is why I added this to my post so maybe it will clear it up to the OP on what coin you were referring to
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 Posted 08/31/2012  12:01 pm  Show Profile   Bookmark this reply Add AU90o to your friends list
@ Bryan1315 post above:

Yes, I'm referring to SsuperDdave's 1888-O coin being a VAM-1F with my estimate as MS62.
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10625 Posts
 Posted 08/31/2012  1:33 pm  Show Profile   Bookmark this reply Add dave700x to your friends list
I'm hoping the OP has taken the advice here and even better, was able to return this and the 1882 O/S.

Although the last visit was 8/29.
Bedrock of the Community
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14454 Posts
 Posted 08/31/2012  6:33 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list
yeah I am guessing he didn't like the information he was given and may not be back. Its hard to hear you overpaid on an item especially when the coin is in a bottom feeder slab and you don't know how to grade yourself and they take the number on the slab as being correct because they believe if its in a slab it had to be done by an actual Third Party grader that knew how to grade and they out their true expert opinion of what grade they thought it was. We have had many such slabs show up on here and it hardly ever ends well where the member sticks around to actually learn how to grade or other things about numismatics
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 Posted 09/01/2012  09:16 am  Show Profile   Bookmark this reply Add Gothic Florin to your friends list
I think the ANA needs to blow the whistle one some of these crappy TPGs. They're a detriment to the hobby and may end up pushing people away from the hobby with bad experiences. While there is no "TRUE" grade everyone can agree on for a coin, the standards are fairly well established to the point where these people are doing nothing but trying to take advantage of people.
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 Posted 09/01/2012  4:24 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list

Quote:
I think the ANA needs to blow the whistle one some of these crappy TPGs

I am not sure this would really solve anything because most people that know anything about the ANA know a little about coins and these self slabbers prey on the new collectors that are just getting started with coins. They may have heard to always buy graded coins and think any coin in a plastic holder and has a grade has actually been graded by a Third Party instead of knowing it is just like a number on a cardboard 2x2 that the owner wrote with a pen
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 Posted 09/01/2012  5:38 pm  Show Profile   Bookmark this reply Add Gothic Florin to your friends list
I think it would solve the problem of inexperienced collectors getting ripped off by basement slabbers...
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10625 Posts
 Posted 09/01/2012  8:18 pm  Show Profile   Bookmark this reply Add dave700x to your friends list
I personally think ebay should rethink their policy and not only disallow a non TPG numerical grade in the auction title but also any photos of a (bogus) numerical grade on a non TPG holder. Where do I sign the petition?
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 Posted 09/01/2012  9:15 pm  Show Profile   Bookmark this reply Add 1893S to your friends list
I don't think it's realistic to to expect the ANA or any other organization legal or otherwise to be able to protect everyone from every unscrupulous coin deal. I learned from the "School of Hard Knocks" personally and let me tell you, it was a good school! Until/unless a coin collector has been taken a few times they'll never learn! Buyer beware!
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