Goofed Up Bin 1893 Morgan Dollar For $9.95 Free Shipping? - Page 6

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Author	Replies: 102 / Views: 10,453	Page: of 7

BH1964 Bedrock of the Community United States 10982 Posts	Posted 02/04/2013 10:50 pm Not sure if the coin is an honest XF but it is VF35 for sure. With any coin there can be hidden problems too. ANA #R3154474 Report this Post to the Staff
buddy16cat Pillar of the Community United States 1536 Posts	Posted 02/04/2013 10:54 pm Does a VF Morgan have luster? In most series the luster starts appear at XF. Of course there are issues that cause a coin to net down. Report this Post to the Staff
MrMorgan Valued Member United States 161 Posts	Posted 02/04/2013 11:05 pm I think it is XF and unless it was cleaned or tooled. If there was a little more detail on the eagle's breast and the hair was a bit more defined it could probably even score AU. I have a couple AU NGC graded Morgans that actually look worse than that. I wouldn't go by luster ever, even a very dull coin can be perfectly struck detail wise. Report this Post to the Staff
buddy16cat Pillar of the Community United States 1536 Posts	Posted 02/04/2013 11:15 pm The seller stated natural surfaces. Do you think it may score a higher grade if I get it graded? Edited by buddy16cat 02/04/2013 11:16 pm Report this Post to the Staff
BH1964 Bedrock of the Community United States 10982 Posts	Posted 02/05/2013 12:53 am This coin is a toss-up for grading. It has rim bumps at high noon on the obverse, numerous contact marks, and obviously has been circulated. Overall a nice coin though and XF40 is a fair grade. I noted VF35 as a "worst case scenario". The coin has no chance of grading AU at a major TPG. My honest appraisal would put it at $200 retail. ANA #R3154474 Report this Post to the Staff
buddy16cat Pillar of the Community United States 1536 Posts	Posted 02/05/2013 02:32 am Retail price is really relevant to who is selling it and how fast you want to sell it. I know at shows and shops they would price it at $250 or a little more depending on what gray sheet is saying it is worth. I would expect in order to sell it at an online auction you would receive a minimum of one bid at $200. Report this Post to the Staff
buddy16cat Pillar of the Community United States 1536 Posts	Posted 02/07/2013 05:55 am Interesting, I took this coin to a shop today after talking to them on the phone. They said they would make an offer on the phone but when I went there, they verified it was authentic but didn't want to make an offer because they can't sell that date. I told them I think that I could get $200 online for it and they said you should sell it there then. Maybe I should take it to a show. Does anyone know the graysheet value of this coin? That is what they were looking at it. Edited by buddy16cat 02/07/2013 05:55 am Report this Post to the Staff
Prethen Pillar of the Community United States 3234 Posts	Posted 02/07/2013 09:33 am Initially I'd be torn on this, too. But in the end, I feel the right thing to do is cancel the deal and just "pretend" you lost the coin to a higher bidder. Report this Post to the Staff
BH1964 Bedrock of the Community United States 10982 Posts	Posted 02/07/2013 2:45 pm Greysheet Bid/Ask are $195/$215 in VF and $230/$250 in XF. Auction results are PCGS/NGC certified XF40 pieces average around $230. ANA #R3154474 Report this Post to the Staff
Wornslick Pillar of the Community United States 1304 Posts	Posted 02/07/2013 7:30 pm Report this Post to the Staff
buddy16cat Pillar of the Community United States 1536 Posts	Posted 02/07/2013 7:52 pm Huh, NGC lists certified coins at $295. I told them I could get $200 online I think but would have settled for $175 cash at a shop. Of course this is a precious metal shop where I got to get V nickels and Buffalo nickels because they have a ton and can't really sell them. Edited by buddy16cat 02/07/2013 7:53 pm Report this Post to the Staff
MrMorgan Valued Member United States 161 Posts	Posted 02/08/2013 9:31 pm I know that for some reason buyers on ebay like to spend WAY too much on coins and bullion. I have seen ASE go for over $10 over spot so you could probably make some cash on there. Some buyers may be hesitant to buy a raw coin. If I were you I would spend the $30 and send it in to get slabbed. Report this Post to the Staff
MrMorgan Valued Member United States 161 Posts	Posted 02/08/2013 9:36 pm Question though....why not just keep it for your collection instead of flipping it? Report this Post to the Staff
BH1964 Bedrock of the Community United States 10982 Posts	Posted 02/08/2013 10:35 pm Here's a years worth of auction results for this date, XF40 certified by top TPG: Jan-13 $235 XF40 NGC Heritage Jan-13 $235 XF40 NGC Heritage Jan-13 $212 XF40 NGC Heritage Nov-12 $223 XF40 PCGS Heritage Nov-12 $223 XF40 NGC Heritage Nov-12 $223 XF40 NGC Heritage Nov-12 $200 XF40 ANACS Heritage Oct-12 $225 XF40 PCGS eBay Oct-12 $200 XF40 NGC Heritage Sep-12 $223 XF40 PCGS Heritage Aug-12 $223 XF40 PCGS eBay Aug-12 $223 XF40 PCGS Heritage Aug-12 $223 XF40 PCGS Heritage Aug-12 $212 XF40 PCGS Heritage Aug-12 $200 XF40 NGC Heritage Jun-12 $235 XF40 PCGS eBay Jun-12 $225 XF40 PCGS eBay Jun-12 $214 XF40 PCGS eBay May-12 $239 XF40 PCGS eBay May-12 $232 XF40 PCGS eBay May-12 $207 XF40 NGC Heritage May-12 $207 XF40 NGC Heritage May-12 $207 XF40 PCGS Heritage May-12 $196 XF40 NGC Heritage Apr-12 $207 XF40 NGC Heritage Apr-12 $202 XF40 PCGS eBay Mar-12 $250 XF40 PCGS eBay Feb-12 $231 XF40 ANACS Great Collections Feb-12 $219 XF40 NGC Heritage Feb-12 $207 XF40 NGC Heritage ANA #R3154474 Report this Post to the Staff
buddy16cat Pillar of the Community United States 1536 Posts	Posted 02/09/2013 12:22 am Quote: Question though....why not just keep it for your collection instead of flipping it? I don't even have a Morgan and don't see the reason to keep the $250 one. I bought it for obvious reasons but don't want it. I wouldn't mind getting a BU common Morgan though. I was considering trading the dealer for other coins I am more comfortable selling on ebay. I know what you mean about the ASE, I can get a better deal on an ASE at Silvertowne when they have a deal. Of course though it seems on ebay some coins seem to trend. I bought some G/VG Barber quarters where the Gs were better dates for melt. That was odd to be able to get I know what you mean about people on ebay overpaying for some things. I saw that "XF Details" coin sell for $305. Do those sales of the XF40 coins include shipping charged? You know some offer free shipping where some overcharge to cover overhead. Does anyone know why 1893 CC Morgans are listed as at a higher premium even though 1893 coins have a lot lower mintage. Mintage on 1893 is 377,000. Edited by buddy16cat 02/09/2013 8:36 pm Report this Post to the Staff
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