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 Replies: 19 / Views: 2,631 |
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Pillar of the Community
 United States
5828 Posts |
It was a proof coin, it was most likely cleaned at some point and put into circulation. Or, it was just put into circulation and they gave it a details grade for being an impaired proof.
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Pillar of the Community
United States
6478 Posts |
Proof is the way the dies are prepared and how the coins are made. Proof coins are made for collectors and with limited mintage. AU is a condition. almost uncirculated.
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Rest in Peace
United States
2668 Posts |
OK, maybe a Benjamin. I don't see it. Sorry.
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Pillar of the Community
United States
1554 Posts |
I wouldn't pay much for it. A problem coin is a problem coin is a problem coin. Wait for a nice one if you want a proof Morgan. They are available, you just have to save and spend a little more $$$ to buy one.
Edited by 1893S
06/17/2015 10:05 pm
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Pillar of the Community
United States
1788 Posts |
Quote:
What is details about it? The huge rim bump on the obverse at 6:00. |
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Pillar of the Community
United States
4692 Posts |
I wouldn't buy it. If the spots on the obverse are corrosion they will only get worse with time, eating into it.
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Pillar of the Community
United States
1704 Posts |
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Pillar of the Community
United States
4932 Posts |
It can't possibly be AU details if it's a proof...
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Pillar of the Community
United States
6478 Posts |
Proofs did circulate if one was accidentally spent.
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Pillar of the Community
United States
6370 Posts |
I personally do not like this coin, and I would regret spending more than $200 on it. It is rare, which is why it may be appealing to you, but I would spend my money on something else that would be easier to resell if I ever have to.
Edited by TypeCoin971793
06/19/2015 08:17 am
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Valued Member
 United States
415 Posts |
proof coins can be AU or any grade for that matter. This coin is details from probably a combo of issues, Cleaned and scratched ect... Thank you for everyone's input. I'm still going back and fourth on it, as $500+ is a lot for a problem coin.
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Bedrock of the Community
United States
94367 Posts |
Correct - the TPGs apply the same numerical grades to proofs as they do business strikes, I believe.
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Pillar of the Community
United States
3546 Posts |
Quote:
Proof is the way the dies are prepared and how the coins are made. I don't have a problem with this, however, but it's just having the skills to confidently state that a coin such as this one is undoubtedly a proof evades me. Teach me using PUPs or other telltale signs to be aware of since I'm clueless on this one.  |
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Valued Member
United States
212 Posts |
Thats a horrible looking proof if it even is one. I would pay 375 AT MOST for this thing.
Then again, I'm not a morgan expert, so... yea...
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Pillar of the Community
United States
4932 Posts |
You can't call it AU, though. You'd have to call it Proof-50, 53, 55, 58 etc.
Because the PO1-MS70 scale applies to business strikes only.
And the PR-1 - PR70 applies to obviously proofs only. Even though it did circulate, it was never intended to be a business strike. Therefore, you can't give it an AU grade.
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Replies: 19 / Views: 2,631 |
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Posted 06/17/2015 6:04 pm
