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 Replies: 68 / Views: 7,195 |
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New Member
 United States
28 Posts |
Yes I plan to get it graded but should I try to make sure it is real before then? I don't want to waste the money getting it graded if its not real.
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Pillar of the Community
United States
1511 Posts |
Alot of people on here have already given opinions... But thats all they are, opinions....without the coin in hand nobody on here can tell you for 100% certinty that the coin is real, unaltered etc, even with it in hand it's hard.. Even shop owners/workers with the coin in hand can be wrong/fooled (a post on here comes to mind....about a raw super key morgan in unreal condition that was brought to a store for authentication by a seller, and then the buyer brought a coin guy with him when he checked it out to buy it may have been fooled.. On a coin much higher grade coin than this one...it had us talking about it for days, and we finally came to the conclusion that it could be counterfeit, but we still all recommended sending it in...) Especially if you may sell it, the ONLY way to be 100% certian is to send it in... Even if it comes back altered/counterfeit at least you'll know... And as mentioned many (I won't say all, but many) people will not buy a key like this unless slabbed.. To much of a risk on their part.. You found the coin... I'm not 100% sure what the grading fees are right now, but if it comes back altered but a real Morgan it's still worth at least it's weight in silver.. Which I assume would almost cover the fee... At least part of it. (Though I could be wrong) and if it comes back fake, than that sucks as you've lost $... But IMHO it's absolutely worth the risk of loosing the small grading fee for the return the coin could bring if real... In my opinion it's not even a question.. That coin would have been in the mail already, lol. I mean no disrespect at all by that comment, but again, it's your best bet. You can bring it to a few more shops.. And maybe someone can tell you for sure it's authentic.. But that still doesn't matter if you plan to sell it.. Most, again I won't say all, but most buyers wouldn't touch it with a 10foot pole if unslabbed...  |
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Valued Member
United States
380 Posts |
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New Member
United States
28 Posts |
NathanASE - lol thanks for all the info. makes alot of sense I will try to get it graded next week. I just had too much going on with moving and all. I might keep it if its real since I am not in need for the money. I might even start collecting. :-)
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Pillar of the Community
United States
1511 Posts |
Congrats on the move! hope you're all settled in.. or close to it, lol. Awesome, that will definitely be your best bet! Even if you do keep it (which personally I would, lol, but that's just me : ) and if you don't need the money I'd say keep it... That's one heck of a find and a great story to tell!! Honestly probably the find of a lifetime! Even if it does come back altered or whatever, if you hadn't had it slabbed I'd imagine it would be in the back of your mind forever... Lol, at least for me it would, I'd always wonder.. (On a side note- even if by chance it did come back altered of whatnot, it's still one heck of a find.. It's not too common at all to find two Morgan's on a path, lol, so I'd still be quite pleased with your find  it really is lucky & amazing!) And wow... That would be one amazing start for your collection!!  I think I can speak for everyone in that were all rooting for you and hope it comes back all legit!! Good luck and definitely keep us posted!! Post a few pics of that shiny slab when it comes back!    |
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New Member
United States
28 Posts |
Ok I took the coins to a local coin dealer and told him I am considering selling them. He couldn't tell if its real or not but the markings look to be there. He said since the 1894 is worn down much it's hard to tell. He wanted to have someone look at it to tell him if its real or not. I think he used to phrase 'scoped' but I can't recall right now. He said he would give me a receipt and photos of the coins. It will be complete in a few days. What you think?
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Pillar of the Community
United States
1511 Posts |
I'm confused... Are you selling it to him or keeping it? Personally.. Like I've said before, it doesn't matter what his guy says... Scoped or not... Unless it is sent to a third party grader it doesn't matter what that dude says... I suppose if your going to sell it to him then it doesn't really matter.. But if your planning on keeping it or selling it elsewhere it has to be TPG'ed. Not to mention if you have it graded and sell it to him you'll receive a nice premium! Like I said before the ONLY way to be 100% certian is to have it graded/slabbed, forgeries today are amazing and can fooll the best of us.. Even shop owners... You NEED to send that coin in to be sure!! If you ever go to sell it just saying you brought it to a shop and they had someone look at it is not even close to enough... And even if your keeping it, just for peace of mind you have to send it in.. At least for me I could care less about his opinion, until it was in a slab I wouldn't be certian.. And it would always be on the back of my mind... So basically if it were me no matter what that guy says I'd still send it in... |
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Pillar of the Community
United States
2130 Posts |
 I would send it in if only for peace of mind. The plus side to having it slabbed is that if you do go to sell at some point there will be no doubt & will bring a higher premium. I know this has already been said. Good Luck. |
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New Member
United States
28 Posts |
Hello all
I took your advice and sent my coin off for grading. Here are my results....
1894p Morgan PCGS G04
I guess I got a good one ? Please share your thoughts
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Pillar of the Community
United States
3156 Posts |
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Pillar of the Community
United States
652 Posts |
Good deal! Numismedia has a fair market value of $830 for an 1894 in G4!
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New Member
United States
28 Posts |
I saw that online but wasn't sure what that meant.
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Pillar of the Community
United States
1511 Posts |
Congrats, That's awesome! I'm glad it came back legit for you, and sending it in really was your best option. Wow.. What a coin to find! If you don't mind me asking what did the grading + shipping cost you? Wow.. Wow... That is one heck of a find along a path! Whomever dropped those was one upset cookie! Lol. What Mac meant is that numismedia.com is a pretty generally accepted price guide to find fair market value, although actual selling prices tend to be less than listed. If you want to see what 1894p PCGS G-4's have been selling for you could check completed ebay listings, I looked quick but didn't see any slabbed PCGS G-4's.. But I'd guess if you sold it you'd get conservatively between $730-$800.... Probably closer to $800, or possibly a bit more depending on the buyer etc, like I said I'm just giving a general idea. Very nice coin!! And again, just an amazing find! Truly once and a lifetime!! |
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New Member
United States
28 Posts |
Thanks The charge was $35. Took longer than expected but it was worth the wait. I found some on ebay for $825-850 for a similar price. I just hate the ebay fee lol I will decide what my next step is soon |
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Pillar of the Community
Canada
2805 Posts |
Can we have a picture of it in the slab? :D
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Replies: 68 / Views: 7,195 |
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Posted 01/10/2013 3:11 pm
