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New Collector Showing Off My Favorite Coin

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First Page  Showing last 15 replies.
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Valued Member
Australia
243 Posts
 Posted 02/14/2014  04:14 am  Show Profile   Bookmark this reply Add enoilgam to your friends list
Assuming the scratches are on the case and not the coin, I'd say VG10 is a fair grade. I wouldn't want to comment on whether it has been cleaned, because it's hard to tell from the photos. You probably paid a little too much for it - but I wouldn't worry. I overpaid on my first coin, which taught me the most important aspect of collecting - "always do your homework before buying".

Either way it's a great coin to start off with - where are you planning on going with the collection?
Pillar of the Community
United States
3162 Posts
 Posted 02/14/2014  07:15 am  Show Profile   Bookmark this reply Add srs77 to your friends list
First let me say..



If you love the coin and are happy that's all that really matters. I'm a Morgan fan (well huge fan) and I don't own a 93 yet..

Hope to soon so congrats on yours! Yes, we love pictures and look forward to seeing more of yours in the future.. Thanks for sharing it!
Pillar of the Community
United States
4337 Posts
 Posted 02/14/2014  07:27 am  Show Profile   Bookmark this reply Add dsfreeworld to your friends list


I'll echo the previously stated sentiment that beauty is in the eye of the beholder. If you're happy than so be it and the spirit of the CCF has always been, at least to me, to share that happiness.

The other benefit to this great community is the education you can and will receive if you choose to do so. I know nothing about Morgans but I do know about coins and that coin does look to have a tremendous amount of hairlines on the reverse so a pic of it outside of the case could solve that viewpoint. The price paid seems fair for a problem free VG10 but that's if it's truly problem free.

Good luck on your journey sir
Valued Member
Canada
115 Posts
 Posted 02/14/2014  07:32 am  Show Profile   Bookmark this reply Add Dominic to your friends list
@dsfreeworld wow.... that was a lot of echo! lol

@tdreiling Welcome! I am pretty new myself, but love this place! good info and excellent discussions!
Moderator
Learn More...
United States
23522 Posts
 Posted 02/14/2014  09:25 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
Welcome to Coin Community, tdreiling. Nice to have you here.

1893-P is a semi-key date, with a mintage of only 377,000. It's not as valuable as its' San Francisco brother, but all the same a pretty pricey coin. That's the good part.

The bad part is, your uncle (perhaps unknowingly) took you for a ride. Grade and condition play defining roles in a coin's value, and the price paid should buy this coin in VF-25 from a reputable TPG. The coin here is obverse-limited to about VG-8, heavily cleaned - if those lines were on the case, you wouldn't have been able to clearly show the coin itself - and worth less than $100. That still represents a pretty significant premium; the overwhelming majority of Morgans are $25 coins in this condition.

All the same, any financial disparity of this size isn't exactly going to wreck your retirement. It has personal significance to you, and makes an excellent beginner lesson in numismatics.
Bedrock of the Community
United States
20753 Posts
 Posted 02/14/2014  11:28 am  Show Profile   Bookmark this reply Add just carl to your friends list

As MOST people will tell you, beauty is in the eyes of the beholder and your holding that coin. Any coin or item you like is up to you. Washed, cleaned, dirty, old, new, makes no difference if it is what you want and love.
One of the great things about coin collecting as a hobby. There are so many different types, varieties, opinions, quantities, etc. This is a fabulous hobby so glad you have this coin and again, welcome to this forum.
Pillar of the Community
United States
844 Posts
 Posted 02/14/2014  11:56 am  Show Profile   Bookmark this reply Add Jaymon74 to your friends list
Glad to have you here. Paying too much happens. I still do it on occasion. If I'm truly happy with the coin, then it doesn't bother me at all. To me, your Morgan looks really nice! Pictures outside the case would do it more justice.
Pillar of the Community
United States
3184 Posts
 Posted 02/14/2014  12:07 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list
Too bad that one didn't have a S mintmark :)
Pillar of the Community
United States
4337 Posts
 Posted 02/14/2014  8:54 pm  Show Profile   Bookmark this reply Add dsfreeworld to your friends list
here is an example of overpaying for what you want. this just ended on ebay last week with my best offer being accepted. The below pictured is a $215 coin MAX in some price guides. I paid double. Insane right? BUT the way it hits my eyeball makes me feel awesome, so I love it, for now, until I sell it one day and maybe if I let long enough come and go until that fateful day arrives, i'll even get my money back.

Moral to my story, what he said, paying too much happens but with good personal reasons sometimes

New-Collector-Showing-Off-My-Favorite-Coin

The color goes from rose toned in the center and works to a rust color to an electric ocean green and blue along the entire peripheral...tons of luster and PL to boot...
Pillar of the Community
Canada
4944 Posts
 Posted 02/14/2014  8:59 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list

Quote:
here is an example of overpaying for what you want. this just ended on ebay last week with my best offer being accepted. The below pictured is a $215 coin MAX in some price guides. I paid double. Insane right? BUT the way it hits my eyeball makes me feel awesome, so I love it, for now, until I sell it one day and maybe if I let long enough come and go until that fateful day arrives, i'll even get my money back.

That's a great looking coin, and one that I had considered buying a couple of times (I had it on my watch list for quite a while). It has great eye appeal.
Pillar of the Community
United States
4337 Posts
 Posted 02/14/2014  9:02 pm  Show Profile   Bookmark this reply Add dsfreeworld to your friends list
its unreal in-hand Canadian
Pillar of the Community
United States
7621 Posts
 Posted 02/14/2014  9:11 pm  Show Profile   Bookmark this reply Add westernsky to your friends list
I wished I had a dollar for everything I've paid too much for!
Pillar of the Community
United States
3184 Posts
 Posted 02/14/2014  9:14 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list
sometimes you pay for eye appeal and dsfreeworld, I'm sure a normal blast white one might be $200+ but when you factor in toning, etc prices go up....look at common date morgans with monster toning. Take some better pics of your new purchase!
Pillar of the Community
Canada
4944 Posts
 Posted 02/14/2014  9:17 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list

Quote:
its unreal in-hand Canadian

Post some pictures when it arrives.
Edited by Canadian-Banknotes
02/14/2014 9:17 pm
Pillar of the Community
United States
4337 Posts
 Posted 02/14/2014  9:55 pm  Show Profile   Bookmark this reply Add dsfreeworld to your friends list
It's here now...here is a shot with diffused lighting In a cloud dome to get surface detail. Any normal pics with light and you don't see the greens and blues but let me know if you to see regular room lit shots



New-Collector-Showing-Off-My-Favorite-Coin

New-Collector-Showing-Off-My-Favorite-Coin
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