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 Replies: 24 / Views: 2,479 |
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Pillar of the Community
United States
1068 Posts |
If buying it isn't going to hurt you financially and you have the extra money to spend, then why not buy it and not worry about it... Sounds to me a little that you want to buy it so if you want it, then buy it...
IMO, since it is a CC Morgan, I'm sure you will find plenty of buyers out there if you decide to sell it in the future... People like CC minted coins, and they aways sell...
Also, you didn't mention any, would this dealer be willing to negotiate the price any?... If so, try negotiating the price with him a little...
Edited by Bryan78
12/18/2016 10:36 am
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Pillar of the Community
United States
1499 Posts |
Quote:
IMO, since it is a CC Morgan, I'm sure you will find plenty of buyers out there if you decide to sell it in the future... People like CC minted coins, and they aways sell...
There are also plenty of 1878-CC Morgan dollars around. There is nothing rare about it. If a better coin without the problem is around, collectors and dealers are going to shy away from buying the problem. If we were talking about a Carson City Mint Trade dollar that could be another story, but even then don't get traped by problem coins. Today collectors are fussy about defects. |
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Pillar of the Community
United States
6370 Posts |
Quote:
Today collectors are fussy about defects Except on ebay... |
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Pillar of the Community
United States
1499 Posts |
Sadly true. The worst counterfeits get bids most of the until they are pulled, or worse yet ... sold.v  |
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New Member
United States
32 Posts |
What is your budget? Think on that one carefully and then find the best coin you can for your budget. There will probably be nuermous 1878cc Morgan dollars available in the next few months. Don't rush it!! |
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Pillar of the Community
United States
1068 Posts |
Quote:There are also plenty of 1878-CC Morgan dollars around. There is nothing rare about it. If a better coin without the problem is around, collectors and dealers are going to shy away from buying the problem. If we were talking about a Carson City Mint Trade dollar that could be another story, but even then don't get traped by problem coins. Today collectors are fussy about defects. I'm sure there are plenty of 1878 CC Morgans out and I know the most ardent collectors and dealers wouldn't bat an eye at it... The ones either in the business of selling or have large sums of money to buy rare and expensive coins don't waste their time buying damaged coins but your average Joe Q Public coin collector would probably buy it... Regardless if the OP buys it or not, SOMEBODY will BUY it... Not a matter of if, just when... |
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Pillar of the Community
United States
1450 Posts |
If it were me I would try to get a 1978-CC Morgan in at least AU condition. They look so much better than Morgans in VF. There is a reason the rim damaged VF coin is being sold cheap.
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Pillar of the Community
United States
4418 Posts |
IMHO, there's virtually no financial downside with this purchase. The $65 price is about half the cost of an undamaged coin, AND it's certified.
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Pillar of the Community
United States
1499 Posts |
The last thing I'll say about this is that here is an example of why "John Q. Public" collectors get low ball offers for their coins when they or their family take their collections to a dealer to sell. Problem coins of denominational date and mint mark combination that are readily without defects often sell at great discounts. They are harder for dealers to sell, and dealer pay less for them as a consequence.
The fact that this coin is ANACS graded is worth something only because of the number of Chinese counterfeits. Otherwise it doesn't mean anything. Depending on the size and location of the rim nick, there could be a huge downside on this coin.
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Pillar of the Community
 United States
5029 Posts |
 I would hold out and find a coin that is problem free. On the flip side - if it is something you simply want to add to your collection then I would try to get the dealer down since it is a problem coin. At the end of the day it is your call what to do since you see the coin and you know what you plan on doing with the coin. |
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Pillar of the Community
United States
1450 Posts |
I had a 1938-D LWH that was in at least MS condition. However, some idiot had scratched a name of the coin. It was worth nothing because of that defect. Problem coins are so hard sell to real collectors when they can get good defect free coins.
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Bedrock of the Community
United States
20753 Posts |
When asking anyone if you should buy or sell something, you'll always get lots of responses. Remember it's your money and your choice. Regardless of what anyone says, they usually don't care to much since if the info is good, they take credit. If the info is poor, those that made it just move on. It's your money, use it as you want.
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Bedrock of the Community
United States
94367 Posts |
Damaged coin, bottom of the barrel. Pass.
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Pillar of the Community
United States
1068 Posts |
So did you end up buying the coin or not?
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Pillar of the Community
United States
8137 Posts |
I think that if we saw a pic of the ANACS coin, we would be able to give a better verdict on weather it's worth $65.
My advice: Don't get it. Save your money and buy a problem free one. You will thank yourself later and the coin will be much easier to sell when the time comes.
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Posted 12/18/2016 10:49 am
