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 Replies: 19 / Views: 2,550 |
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Pillar of the Community
United States
4989 Posts |
The coin was a nice EF-40 but, unfortunately, has been harshly cleaned. Many giveaways - the fine lines on the reverse and unnatural color for the grade; way too shiny
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Pillar of the Community
Canada
5417 Posts |
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Pillar of the Community
Australia
1874 Posts |
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Bedrock of the Community
Canada
11922 Posts |
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Valued Member
United States
171 Posts |
I don't know how anyone can say XF, EF, VF anything as you can see the hair on the obverse looks like it more than half polished off. But the forehead, eye, nose, lips, and chin wasn't touched. Lets just say its had a rough life.
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Valued Member
United States
110 Posts |
Groszy, welcome to CCF! I am a newer member here too, and this is a great forum to join. You have a great year Morgan there, but unfortunately as the others have stated it is a cleaned coin. It was probably circulated with all that wear, and was probably the color that you can see between all the lettering and around the stars on the obverse. Then, someone decided it should be shiny and used something like steel wool or WD-40 and a rag and cleaned it until all the gunk was gone. That kills the value of the coin, unfortunately. I don't know what you paid for it, but it more than likely was more than the coin is worth. Someone said melt value, but I bet to the right person who wants to have something in their holder you may get like 35-45$ out of it... Good luck and keep buying Morgans and posting them here!
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Moderator
 United States
23522 Posts |
What this is, is an absolute shame. 1892-S, with a mintage of 1.2 million, is a semi-key date for Morgans. Like 1884-S, all went straight into circulation. Like 1884-S, they're vanishingly-rare in Mint State. In fact, it's considered the second-rarest Morgan in Mint State, next to the 1893-S. An MS63 example will set you back over $50k.
Yet, believe it or not, there is a Jack Lee-pedigreed MS68 of this date. No, you can't afford it.
They're fairly common below XF, but at that grade the price starts heating up quickly. Were this coin not so harshly treated - I'm guessing it's been hit so hard detail has been lost from the obverse - it'd be worth a minimum of $150 and likely double that. Now, it's a lump of silver. I'd like to take whoever did this out back of the woodshed and polish him a little bit.
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Pillar of the Community
United States
9794 Posts |
VF25/30 details cleaned. Quote:
Yet, believe it or not, there is a Jack Lee-pedigreed MS68 of this date. No, you can't afford it. How do you know I can't afford it SsuperDdave?  But yeah you're right I can't afford it   I missed out on the Super Lotto jackpot this month.  "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Valued Member
United States
329 Posts |
You would think they would destroy it to put it up on ebay as a shiny coin. But no, they took a Brillo to it and then probably sold it for melt at a pawn shop. They deserve a polishing |
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Pillar of the Community
 United States
589 Posts |
Is there anything else that could have caused it? I've looked at it more (this time under sunlight) and still really can't see more than a few small lines here and there, nothing similar to the photo...but I'm probably looking at it wrong still.
I also am curious about why the reverse would show that many scratches (if it were harshly cleaned) and not the obverse?
So, since the consensus is harshly cleaned, let me also ask if the price I paid is reasonable: $28.
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Valued Member
United States
259 Posts |
The reverse is VERY harshly cleaned from what I see. It's not as obvious on the obverse but if they cleaned the back, no doubt they cleaned the front. The luster on the obverse is incorrect for mint luster. Mint luster tens to look like the effect often referred to as "cartwheel." The luster from this example is more scattered- indicative of cleaning.
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Moderator
United States
23522 Posts |
The price is not at all unreasonable, for an 1892-S. I'm at work and unable to spend any time studying it; the difference between the two faces is interesting. Not "good" either way, but interesting.
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Moderator
United States
15496 Posts |
You have already learned our experts opinions of harshly cleaned ... which I support based on the reverse photos. That said ...  to the CCF. You have found the best all time coin forum ... and I encourage you to share whatever you can with us. David |
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Valued Member
United States
329 Posts |
At $28 I wouldn't shed a tear. It can be a place holder, it's still a cool morgan and finding them at that price isn't extremely easy. You'll always get the truth here just don't forget it wasn't a large purchase and it's cool :)
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Pillar of the Community
United States
9794 Posts |
You could double your money on ebay probably so not a bad purchase, it would sell to someone looking to fill a hole at a cheap price. More astute collectors will always wait for a better coins, but enough collectors would probably pay about $50.00 to acquire one like this. I might even buy one at $28.00 like this, I wouldn't pay more but that is a very fair price. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Posted 12/26/2013 9:20 pm
