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 Replies: 23 / Views: 3,553 |
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Valued Member
 United States
259 Posts |
Sorry for the typo which I corrected. The coin under discussion is an 1888-S as pictured.
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Pillar of the Community
United States
4409 Posts |
 open mouth, insert foot moment for me. I saw the surfaces and instantly thought of the dollars of 1880 and 1881 from San Francisco. I didn't pay attention to the date area. Anyway, others chimed in and gave better opinions and thoughts. -MV |
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Bedrock of the Community
United States
94367 Posts |
It makes 64 I think, and very nice.  |
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Pillar of the Community
United States
1450 Posts |
How much did you pay for it? Don't they go for about $800 in MS64? That is a lot of money to pay for a coin with a defect.
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Valued Member
United States
259 Posts |
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Bedrock of the Community
United States
94367 Posts |
Nice coin, fair price paid.
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Bedrock of the Community
United States
12057 Posts |
I do not see any "defects" on this coin that were not artifacts of the minting process and the subsequent storage and handling of the coins while sealed away in bags in Treasury vaults.
FMV is $1.05k -- $785 is a great deal for this coin, regardless of any other argument being advanced otherwise. You're not going to find any nicer examples for the price.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Bedrock of the Community
United States
10982 Posts |
Agreed. It's a good price and the cheek mark might well have been in the planchet. Tough date and a nice looking one too.
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Valued Member
United States
259 Posts |
Thanks very much for the comments and insights on my question. Analyse provided especially meaningful insight and convinced me to keep the coin despite the spot on the eagle's wing. The cheek mark is no worse in hand than most MS-64's and not distracting, despite the images. Overall, the obverse is very nice and all white.
Thanks Analyse for convincing me to keep the coin/
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Pillar of the Community
United States
7390 Posts |
The cheek mark is indeed from the planchet. This girl was a total New Orleans style weak strike. Some, like myself, find that facinating. Oh and the cheek marks are roller lines on the planchet that weren't totally obliterated by the strike. Not sure about the vertical mark. Looks to be a hit but it could be planchet related too. Much better macro pics of that area are needed to try to tell. Had the strike been full they could've added a grade point or two
Edited by Cascade
06/19/2016 10:00 pm
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Pillar of the Community
United States
2403 Posts |
I would be very happy to own this coin. Great year to have such a nice example of. I am in the MS64 range on this one. The hits aren't too bad and has great luster to boot.  Edited by MontCollector
06/20/2016 12:24 am
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Pillar of the Community
United States
1450 Posts |
I did not mean to insult your coin, but what I meant by "defect" were what seemed like a pock mark and some other marks on the reverse. If this was an artifact of minting process or a bag mark then I hereby revoke and abjure my "defect" remark. I know an 1888-S in MS64 is a valuable coin and you got a good price. I spit on my "defect" remark and humbly beg your pardon, Sir.
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Pillar of the Community
United States
7390 Posts |
The reverse marks are bag marks not from the minting process. However, defect is still an incorrect term for them. So lets go with asking for a partial pardon lol
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Pillar of the Community
United States
1450 Posts |
What is it with the 1884-S? In MS64 it goes for $100,000 and has mintage of 3.2 million. There are a lot Morgans with mintage of around 1 million that will really cost you in anything beyond EF condition. I got a 92-S in EF for about $250. AU is $1500 and MS64 is $110,000. The 88-S MS64 is a steal at less than $800.
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Bedrock of the Community
United States
12057 Posts |
1884-S was not present in almost any of the major hoards, and most of the mintage is speculated to have been melted; the survivors actively circulated out west. It's one of the key condition rarities among Morgan dollars, alongside the 1880-O, 1896-O, and 1897-O issues, to name a couple. Out of 8,127 PCGS graded 1884-S Morgans, only 65 have graded MS-63 or higher; only three coins have been graded MS-65 or higher. The only one to be sold at auction was the lone MS-65 specimen, which brought in almost $150k in 2009 for Heritage, and has a current price guide value of $285,000 (and would likely meet or exceed that value if it came up for sale today due to the extreme rarity.) Even hardcore Morgan dollar collectors putting together Registry sets must usually settle for a MS62 or MS63 example at best. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis Edited by paralyse
06/22/2016 11:00 pm
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Posted 06/12/2016 11:09 am
