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 Replies: 39 / Views: 6,027 |
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Pillar of the Community
743 Posts |
What year coin was it that came back as a Proof 58? That has to be a super rare one. You don't see many proof Morgans and when you do they are all high end coins.
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Valued Member
United States
156 Posts |
Ant76, you've been blessed with a valuable inheritance. You do seem to be on the right track for preserving the value of these coins. My only advice to you is to not try to put yourself on a too fast track with the logistics. Protect your interest in these coins by creating a high quality photographic file of every coin, especially before you let any of them out of your possession(grading submissions, consignments, or even private sales). At the very least you should purchase a current edition of the Whitman Publishing Company A Guide Book of United States Coins to help you familiarize yourself with the coins that you have inherited, both from a historical perspective and from a collector market perspective. Your grandfather was not a neophyte in coin collecting, and he must have had great faith and trust in you to carry on his legacy, or at least realize the monetary benefit it will provide if you educate yourself.  |
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Pillar of the Community
968 Posts |
An XF '93-S too? Wow. Do yourself a favor and make sure you got a SDB for all this stuff... make sure you get it insured. I've used Hugh Wood for years now, very affordable. http://www.hughwood.com/sub_menu.php?submenuId=138I noticed you're in North Jersey. If you ever want help with anything and want an expert in-hand opinion, feel free to contact me via email. I have family in the area and make semi-regular trips up there to visit and also to drop stuff off at CAC. Heck, I'd love to just look at what you inherited and help you submit everything, that would be a lot of fun for me. As for your original question, if two VAM'ers really want your O/S, the sky is the limit. $10k+. Edited by chasingtailbar
08/07/2014 8:24 pm
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Valued Member
 United States
320 Posts |
Thanks for all the advice.
There were 3-93s morgans. One was xf45(i think). One was vg10 and one was f15.
Ill post pics in another topic
The 3 morgan proofs came back pr66 cam, pr 55 and pr 58. There were other proofs, but not morgans. One was a 50 cent, one quarter and one dime. Again, ill post some pics in another topic
I absolutely am getting insurance. I just had an incident a few days ago with theft so that is my new priority.
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Valued Member
United States
320 Posts |
Chasingtale, I would sell in a heartbeat for 10k lol
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Valued Member
United States
320 Posts |
And what is SDB stand for again? isn't that something with pennies? Maybe 1909?
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Pillar of the Community
United States
4409 Posts |
SDB is short for Safety Deposit Box which I think you said somewhere you had one already.
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Moderator
 United States
23522 Posts |
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SDB is short for Safety Deposit Box which I think you said somewhere you had one already.
Yeah, this collection is of a size and caliber which requires pretty serious security. Not stuff you leave laying around the house. Collectors have been murdered for their coins. |
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Pillar of the Community
968 Posts |
Not just the collectors, but their wives and children as well. IIRC, there was a case about four years ago where thieves forced a man to open his safe at gunpoint, cleared him of like 1/2 a mill in bullion, and shot his wife, dog and then him, and left them, dead.
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Valued Member
United States
156 Posts |
I rent two safe deposit boxes. I have no idea what a safety deposit box is supposed to be.  Edited by judd1552
08/09/2014 7:27 pm
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Valued Member
United States
320 Posts |
I was offered $7500 this morning after posting the photo. I'm still having such a hard time valuing this coin. I sent it to be graded because of the proof like fields. The LCS usually satisfies all the invoices and I pay him. I had no idea about this VAM stuff. Its interesting, but not for me to fully enjoy like others on here. I just see a 63 pl morgan. Should I accept the offer or just wait till I know more? I certainly dont want to sell it only to find out its worth more. And in no way am I being greedy, I just want to do the right thing. I will not give away anything that my grandfather collected. He would want me to get the most. Help VAM guys |
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Forum Dad
United States
24173 Posts |
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This coin was raw and in a batch I brought to a coin shop. Who determined the VAM? |
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Valued Member
United States
320 Posts |
I would guess the shop that sends them for me. The guy has been doing it for 30 years and knows everything about every coin.
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Pillar of the Community
968 Posts |
You already know what I would do. Consign it to Heritage. I know you had a bad experience with them before but their coin guys are the best in the world and they will get max value for you. I stand by my $10,000+ valuation if the cards fall right. Heritage Auction, get it in one of their major quarterly auctions. At worst, you know somebody out there will be willing to bid at least $7,500. Given the way major Morgan VAM's have been trending at auction lately, and the uniqueness of this piece, it flat-out would not leave my hands for less than $10k unless I sent it to auction and things didn't work out. In the end, it's your coin... but at least don't sell it yet, let me get a CAC sticker on it for you. That should add a couple grand. Edited by chasingtailbar
08/16/2014 11:08 pm
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Valued Member
United States
156 Posts |
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I was offered $7500 this morning after posting the photo Where was the photo posted such that you got an offer of $7500 so quickly? Did the offering party put any conditions on the offer, such as a limited time to accept the offer ? If it is a bona fide offer, you could get it confirmed or even eclipsed by posting the photo and particulars on the Buy/Sell/Trade forum at vamworld.com. |
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Replies: 39 / Views: 6,027 |
First Page
Posted 08/07/2014 8:07 pm
