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 Replies: 39 / Views: 6,026 |
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Valued Member
United States
320 Posts |
  Fresh from grader. What can you guys tell me. I barely know a regular morgans as you know. Thank u
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Rest in Peace
United States
10625 Posts |
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Valued Member
 United States
320 Posts |
Will that tell me what all that means?
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Valued Member
United States
320 Posts |
Holy cow it sure does. Thanks a ton
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Rest in Peace
United States
10625 Posts |
VAM5 is the number given to the die pair by LeRoy Van Allen and Gergoe Mallis. All known die pairings for Morgan and Peace dollars are assigned a VAM number. EDS means it's an early die stage which is much more desireable than the later die stage for this specific VAM. This would account for the mirror fields resulting in a PL designation from PCGS. The first few hundred coins off a specific die have mirrored fields as a result of the die making process with DMPL coins being the intial off followed by PL. Hope this helps.  |
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Valued Member
United States
320 Posts |
Its so crazy that 1 little abnormality on the 0 can make a coin a whole different thing. And what amazes me more are the guys who find them
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Valued Member
United States
320 Posts |
So what you are saying is that the VAM varieties are far too advanced for me at the moment. This was one of the initial coins chosen by the shop to send for grading. I only remember him saying that it could come back with a PL designation, but don't remember any mention of VAM designations. Does the VAM varieties increase its value as opposed to one without all of that? Thanks |
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Rest in Peace
United States
10625 Posts |
Absolutely, this Morgan is worth much more than a common die variety. Did you pay PCGS for the attribution charge that is an additional cost over the grading cost? If so, it was money well spent. Oh, all Morgan and Peace dollars are VAMs. The rarity and demand of any specific VAM will more or less set the value. Most all minor varieties are not value added, it's the Top 100, Hot 50 and Hit List 40 VAMs as well as some rare VAMs that can become a bit pricey. Take this one as an example http://www.vamworld.com/1878-P+VAM-9 it's the very first production strike die pairing and this one http://www.vamworld.com/1878-P+VAM-44 known as the king of VAMs. I would reccomend that you start reading the VAM 101 page on VAM world if your intent is to collect Morgan dollars. http://www.vamworld.com/Attribution+101 There will be a test.  Edited by dave700x
08/04/2014 2:17 pm
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Pillar of the Community
United States
2373 Posts |
Amazing find! I have no idea what a PL EDS is worth in that grade but it is going to be impressive. nlp
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Pillar of the Community
743 Posts |
http://www.ebay.com/itm/1882-O-S-1-...em35ceb56b75The one I linked to is not even PL and it was only graded MS62 by NGC. I would guess your coin is worth 2-3-4 maybe 5 times as much as the coin I linked to. I would sell it through Heritage if you can. I would search the rest of your inventory for VAMs because if you have something rare like this then you are bound to have some other interesting varieties that could be quite valuable.
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Pillar of the Community
United States
1554 Posts |
Impressive find. Top Pop for sure. worth some $$$
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Pillar of the Community
United States
9792 Posts |
WOW EDS O/S are tough to find in any grade, but in MS63PL  Way to go!! "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Valued Member
United States
156 Posts |
In the 2012 VAMView Retail Price Index, there were no valuations of 1882-0/S VAM 5 EDS in any Prooflike grade. At the time of publication, the suggested retail value of a non-PL MS-61 was $900. Certainly despite some restraint shown in the VAM market since then, prices for condition rarities of VAMs especially when attributed by PCGS, have realized very strong prices from Registry set collectors of VAMs. In my humble opinion, your coin should easily command a mid four figure value in a major auction. |
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Valued Member
United States
320 Posts |
Outstanding. This coin was raw and in a batch I brought to a coin shop. The owner suggested it go for grading with several other morgans. One was a 1893s which I think came back a xf something but no other VAM ones. One came back proof 58. That coin was cool. To see the reaction on a guy who has been around coins for 40 years I knew it was something. But he didnt really say much about this one. I only remember him saying "this is PL" and should be graded. I still have a few hundred raw coins to bring him so maybe ill get lucky with another rarity. If this coin was bought in the 60's, would my grandfather have known about VAMs or was it just the eye appeal that made him buy it? One of the proof morgans was in a very old bank envelope. The writing on it said "proof 1901 and a price of $27. I kept the envelope because if thats what he paid for it, to me, is awesome. Plus it had his handwriting which is sentimentL. |
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Rest in Peace
United States
10625 Posts |
Quote:
If this coin was bought in the 60's, would my grandfather have known about VAMs This particular VAM was officially discovered in 1965 so it is possible, but if your grandfather didn't have it labeled as a VAM it may have just been the eye appeal of a PL Morgan. I'm not sure when the EDS was identified either. In any event, it was a wise (maybe pronounced lucky) purchase. |
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Pillar of the Community
United States
1554 Posts |
I'm more impressed by the 1893-S that came back XF something.
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Replies: 39 / Views: 6,026 |
Posted 08/04/2014 12:38 pm
