Here's My New 1893-P Morgan. How'd I Do?

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Author	Replies: 6 / Views: 1,210
tdreiling Valued Member United States 77 Posts	Posted 03/05/2014 11:51 pm Grabbed this on ebay for $212. It's rated PCGS XF-40. Not the most eye appealing coin, especially on the edges, but definitely doesn't have a lot of wear on the reverse. I like it. What do you guys think? Report this Post to the Staff

zxcccxz Pillar of the Community Canada 5417 Posts	Posted 03/06/2014 12:32 am Price wise you did well. You paid about a VF price. IMO eye appeal counts for a lot and this coindoesn't score any big points there but still isn't bad. Overall good job. Report this Post to the Staff
MeadowviewCollector Pillar of the Community United States 4409 Posts	Posted 03/06/2014 12:39 pm I think you did well with this coin. It is a better date in the series (according to my definition). The eye appeal is slightly hampered, but I would be happy with it regardless. -MV Report this Post to the Staff
solotime Pillar of the Community United States 2311 Posts	Posted 03/06/2014 1:02 pm Probably a few dollars too high though. This Morgan just doesn't have a nice look on it. Sorry about the bad feedback. Report this Post to the Staff
SsuperDdave Moderator United States 23522 Posts	Posted 03/06/2014 1:11 pm I'm going to offer an honest opinion, which might not be completely encouraging. This one's one of the "low-end for the grade" coins which prompted the formation of CAC - the reverse is right, but the obverse should have limited it to VF yet didn't. The price is on-grade for XF40, as evidenced by Heritage Auction results (10 of them in XF this year already, and well over 400 in total) which are a large-enough sample to be a market indicator. You are, however, safe financially because it's a semi-Key with large demand. You'll never do any worse than recoup your investment on this coin. Report this Post to the Staff
CoinCollector2012 Pillar of the Community United States 8137 Posts	Posted 03/06/2014 2:23 pm I think this would be a high VF coin and not an XF. You paid the amount for a low end VF so you should be fine. Report this Post to the Staff
SsuperDdave Moderator United States 23522 Posts	Posted 03/06/2014 3:00 pm Quote: You paid the amount for a low end VF so you should be fine. Remind me not to shop where you do - $212 buys 36 of the last 50 XF40's offered at Heritage, and every VF35 they've ever offered. Report this Post to the Staff
	Replies: 6 / Views: 1,210

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