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1878 P Morgan Dollar VAM-85 New Discovery! New B1 Reverse!

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Morgans Dad's Avatar
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 Posted 10/27/2010  3:36 pm  Show Profile   Bookmark this reply Add Morgans Dad to your friends list Get a Link to this Reply
" Putting the pieces together, one coin at a time!"!!! How very true.Only this sure is one large peice......
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schmidty's Avatar
United States
677 Posts
 Posted 10/27/2010  9:13 pm  Show Profile   Bookmark this reply Add schmidty to your friends list Get a Link to this Reply
As a non-VAMer I have been following this thread with much curiosity, and a fair share of confusion.

I have learned a few things...this is a great thread just for all the information in it. But, it's an even better thread because of the wonderful find that one of our wonderful community's, wonderful members made! (wow...a lot of wonderfuls!)

I also learned another thing...zeewool is a pretty smart guy. Sorry, zee (and everyone else) I had to give you a little dig!

Congrats to Bryan!
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gawd0wns's Avatar
Canada
464 Posts
 Posted 10/27/2010  9:51 pm  Show Profile   Bookmark this reply Add gawd0wns to your friends list Get a Link to this Reply
Your collection is a part of numismatic history now. Congratulations!
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SsuperDdave's Avatar
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 Posted 10/28/2010  12:07 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
I also learned another thing...zeewool is a pretty smart guy. Sorry, zee (and everyone else) I had to give you a little dig!


Well, you got that half-right.

She's as sharp as they come.
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schmidty's Avatar
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677 Posts
 Posted 10/28/2010  12:31 am  Show Profile   Bookmark this reply Add schmidty to your friends list Get a Link to this Reply
Uh-oh! Thanks for the correction SuperDave! I always try to avoid gender specific words for just this reason. Messed up this time! haha

And my most heartfelt appologies to zeewool! I guess the cold up here in the tundra must've froze my brain, huh zee?!?!
Edited by schmidty
10/28/2010 12:38 am
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aladinslamp's Avatar
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 Posted 10/28/2010  12:55 am  Show Profile   Bookmark this reply Add aladinslamp to your friends list Get a Link to this Reply
My buddy Zee will be the the first one to put a question in your brain...to make you think.....and ask why and question what has come before you....AND WHY NOT. ask.....
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Ozland's Avatar
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 Posted 10/28/2010  01:02 am  Show Profile   Bookmark this reply Add Ozland to your friends list Get a Link to this Reply
From John Baumgart concerning new VAM discovery.

October 27, 2010 Volume 7, Issue 19
1878 VAM 85 Discovered!
by John Baumgart
45 years.

For the first time in 45 years, a new die marriage for 1878 with a B1 reverse (long nock on arrow, VAMs 70-84) has been reported. It started as a posting on VAMWorld of pictures of an 1878 dollar with incredibly deep mirrors and a puzzled post from Kenneth Robb (VAMWorld member Bryan1315):


ok I have a problem here. I thought I knew every 1878 B1 reverse but this one really has me stumped. It has the Obverse of the VAM-80 but the Reverse of no other B1 Reverse I know of. Nothing matches up with any other B1 I have ever seen. The cracks are all wrong and actually the only thing that does match up is the disconnected leaf and the long nock.
Many on VAMWorld, myself included, initially passed it off as an early die state VAM 80, as there were few obverse die cracks and very deep mirrors, but things took an interesting turn when a closeup picture of the upper tailfeathers was posted, revealing die chips that are not present on VAM 80 and John Roberts responded saying:


I'd strongly recommend you send that to Leroy as soon as you can. If you have a VAM 80 for a side by side comparison, I'd suggest you send it as well. Congrats are premature, but I suspect they are in order.
The coin was sent to Leroy Van Allen on October 22, along with prooflike VAM 80 for comparison. Over the next few days, more and more convincing evidence of a new die was posted to the thread as VAMWorld members awaited Leroy's ruling. Other collectors examined their VAM 80s and none found the same diagnostics.


RobJoyce: I checked both my VAM 80s and they are the traditional one. Drats. Anyone else found another?
markinsd: I checked my VAM-80 but no luck.

BrianRaines: looks like I have an 80 and an 80a.

nesvt: I took an hour drive to my SDB, looked at the few B1 reverses I had, then drove an hour plus back home with a frown.

Then on October 26, the following news arrived from Leroy Van Allen:


NEW 1878 P B1 DIE VARIETY LISTING
In late October 2010, Kenneth Robb sent a nice condition PL 1878 P with B1 type reverse that had the II/I 6 obverse of VAM 80. However, he pointed out that the reverse die didn't match the reverse die cracks of VAM 80 and also didn't have the die chips on the eagle's right wing. Furthermore, the reverse die didn't seem to match any of the known B1 reverse listings.

Examination of the coin confirmed that the reverse die was a new variety combined with the VAM 80 obverse die. So it is the first new die combination for 1878 P B1 reverse varieties since they were originally listed in Van Allen's 1965 booklet, Morgan and Peace dollar Varieties. Some sub-varieties had been added for VAMs 80A and 84A in 2003 and 2006 for the clashed die letters. This is a major new variety find for the 1878 P 7TF varieties and has been listed as a new VAM 85.

The sample coin had proof-like fields without any trace of die wear lines. But a peripheral die crack all around the [reverse] die would likely have caused early die retirement. The obverse die was an earlier die state than VAM 80. So this die combination of the new VAM 85 must be very rare to have gone undetected all of these years!


Die Characteristics
The obverse die shared with the VAM 80 II/I 6 has a doubled motto, some stars, top wheat leaves and grains, last four letters in LIBERTY, cotton leaves, 878 and Phrygian cap fold. The doubled cap fold is a key identifier for this obverse die.

The unique new reverse die has over polished left three disconnected olive leaves and a small blank spot in the middle of the eagle's left wing. There is a vertical thread-like die impression at the tip of the eagle's right wing and another horizontal die impression at the upper right of the upper tail feathers. A good die marker is some raised die chips at the left side of the upper tail feathers. There is a strange raised "7" on the right leg of the A in STATES, probably from the die polishing.

A major new find that is very rare!


Celebration and congratulations ensued on VAMWorld.

Kenneth had been collecting VAMs for about 4 years and his main focus has been on B1 reverses for the past 2 years. As it is not only his first discovery coin, but also his first submission to Leroy Van Allen, it holds a special place with him and will remain in his collection "for a very long time." I asked about the waiting process after the coin was sent to Leroy, and Kenneth said, "I found it very hard to sleep waiting on the verdict, and after I received the e-mail yesterday from Leroy saying it was a VAM 85 I was so excited I couldn't fall asleep until around 6:30 a.m., then woke back up at 8:00 a.m. and got online to make sure I hadn't been dreaming this whole thing up."

VAM 85 is the first die pair to use the II/I 6 obverse die, followed by VAM 80, and then finally paired with an 8TF A2/A1 reverse for VAM 22. Due to the length of time it took to be discovered given the scrutiny given 1878-P Morgan dollars over the year, the deep prooflike surfaces, and the likely short die life of the reverse, it is currently assumed that VAM 85 is very rare. The actual rarity of VAM 85 will be determined as people report their luck in finding additional specimens. It should go without saying that collectors are encouraged to inspect their coins currently attributed as VAM 80 to see if any are actually VAM 85.

45 years ago, the VAM Book was a mere booklet by Leroy Van Allen, your VAM-E editor had not been born yet, silver was just starting to be withdrawn from circulation, and the 1878 B1 reverses ended with what is now VAM 84.

A lot can change in 45 years.




VAM 85 die chips in upper tailfeathers and thread impression (left) and disconnected olive leaves (right). Photos courtesy of Leroy Van Allen



VAM 85 "7" on lower right of A in STATES (left), thread impression near right wingtip (right). Photos courtesy of Leroy Van Allen

1878-P
85 II/I 6 • B1f (Dbld LIBERTY, Wheat Leaves & Grains, "7" Rev., Thread-Like Die Impression Wing) I-5 R-6
Obverse II/I 6 -- Earlier die state than VAM 80.

Reverse B1f -- Short vertical thread-like die impression at tip of eagle's right wing and short horizontal one at top right of upper tail feathers. Die slightly over polished with left three leaves disconnected from olive branch and small blank spot in middle of eagle's left wing. Die marker -- Several raised die chips at left side of upper tail feathers. "7" on right leg of A in STATES. Die likely had very short life because early die polished proof-like state has peripheral die crack all around die.


--------------------------------------------------------------------------------
Adaptation of material from https://www.vamworld.com licensed under a
Creative Commons Attribution Share-Alike Non-Commercial 3.0 License.
All other material Copyright © 2010, Society of Silver Dollar Collectors, all rights reserveed.
SSDC • P.O. Box 42112 • Greensboro, NC 27425

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aladinslamp's Avatar
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 Posted 10/28/2010  02:52 am  Show Profile   Bookmark this reply Add aladinslamp to your friends list Get a Link to this Reply
either way, terry.. your ideas and questions continue to expand our knowledge.....From that very same idea...
intend to explore and expand my own
IDEAS. and principles...............WE are not ignorant......most of the time we don't know what direction our questions should be asked..

MY
next thread.. will be about grading..........just to warn you all or remind me..........lets see how e do...



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aladinslamp's Avatar
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 Posted 10/28/2010  03:02 am  Show Profile   Bookmark this reply Add aladinslamp to your friends list Get a Link to this Reply
the other side.......My 80P is

DMPL and it is, Its too late in the night but I know its not
new revision, but WOW IF IT WAS....your very thoughts and concepts
have brought us here...as we all expand the new horrizions... so do we seek new examples........Guess I better hide my own new vams?
\LOLKOL
just kidding..
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Morgans Dad's Avatar
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5632 Posts
 Posted 10/28/2010  10:27 am  Show Profile   Bookmark this reply Add Morgans Dad to your friends list Get a Link to this Reply
QUOTE"It started as a posting on VAMWorld of pictures of an 1878 dollar with incredibly deep mirrors and a puzzled post from Kenneth Robb (VAMWorld member Bryan1315):"

I love that story, However,

I seem to remember the story starting Here on the Coin Community Forum! I could be wrong. It would seem some one has distorted this amazing event to insert another forum as NOT being factual. Please, correct me if I am wrong!

I appreciate all the information, Thank you......

See below, This is from the Coin Community Forum, see date and time.

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Bryan1315
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Posted 10/21/2010 1:49 pm
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Ok I have a problem I never thought I would ever have, I can't figure out what VAM this B1 reverse is. It has the Obverse of the VAM-80 but the Reverse doesn't match in any way except for disconnected leaf. It doesn't have the die chips in the wing and die cracks is all wrong



This is from VW, see date and time.



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New 1878 B1 reverse VAM?

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Bryan1315 Oct 21, 2010 5:14 pm

ok I have a problem here. I thought I knew every 1878 B1 reverse but this one really has me stumped. It has the Obverse of the VAM-80 but the Reverse of no other B1 Reverse I know of. Nothing matches up with any other B1 I have ever seen. The cracks are all wrong and actually the only thing that does match up is the disconnected leaf and the long nock









--------------------------------------------------------------------------------


My Dansco7070





Edited by Morgans Dad
10/28/2010 10:39 am
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Bryan1315's Avatar
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 Posted 10/28/2010  10:53 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
I just saw that John Baumgart wrote on another forum that if this turns out to be as rare as it seems it is and no others turn up in the next few years he wouldn't be surprised to see a MS-63DMPL sell for $30,000.00. I would have never thought anything like that but yes this is allot bigger than I thought when we first started discussing this coin on here a week ago. This just backs up what I have told everyone when looking for VAM's and that some VAM's do not add any value to the coin but every once and a while you can find one that will multiply the coins value by thousands, this is one of those cases I believe
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Morgans Dad's Avatar
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 Posted 10/28/2010  11:00 am  Show Profile   Bookmark this reply Add Morgans Dad to your friends list Get a Link to this Reply
Did you really think it would not be that valuable, I actually believe that is a low guesstimate.

I know you are the ONLY person in the coin collecting World, that has this coin,( as of today), think about the people who would give much more than that to have the coin, YOU have!! It won't be long before the offers are steady and people will be fighting over YOUR coin!! wait and see.......
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Bryan1315's Avatar
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 Posted 10/28/2010  11:08 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
no I didn't think it would be anywhere close to that. I actually had no idea what it could be worth but figured the VAM-70 was the most valuable B1 up to this point and a MS-64DMPL would probably be close to 3,000.00 ane even though this one may turn out to be rarer it wouldn't fit in any sets like TOP-100 or HOT-50 or anything like that that everyone looks for so no I really had no idea what it would be worth.

Quote:
QUOTE"It started as a posting on VAMWorld of pictures of an 1878 dollar with incredibly deep mirrors and a puzzled post from Kenneth Robb (VAMWorld member Bryan1315):"

I love that story, However,

I seem to remember the story starting Here on the Coin Community Forum! I could be wrong. It would seem some one has distorted this amazing event to insert another forum as NOT being factual. Please, correct me if I am wrong!

You are absolutely correct it started here not VW
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SsuperDdave's Avatar
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 Posted 10/28/2010  1:10 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Although it's a slight irritation, the origin of this story is far less important than the coin itself.

It's my opinion that the traditional rarity scale needs to either be slightly reworked or adhered to much more strictly in the case of Morgans. They were minted in the millions, and even with all the melting survive in (relatively) huge numbers today. Given those numbers, we're still not close to any educated estimate of relative rarity with all but the most popular and closely-studied examples.

With that said, Bryan's coin falls squarely in the category of "most popular and closely-studied." I cannot imagine it being less than a consensus R-8 as a result, or some sharp mind would have identified it decades ago.
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Ozland's Avatar
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 Posted 10/28/2010  1:53 pm  Show Profile   Bookmark this reply Add Ozland to your friends list Get a Link to this Reply
Dave, I am sure more are out there, at least I hope so. How many more is anyones guess. I do agree the 1878-P's are the most studied. My resoning is there are many more Morgan dollar collectors out there than vammers. Lots of coins that are in strong hands that only later will slowly surface to the light of day if at all.
The truth be known when I first saw the pictures of Bryan's coin, I dismissed it as VAM 80. When he said he thought he knew them well I took pause. We he said Leroy found stuff he had not seen and he had looked at it for hours in his hand, I really took pause. However it is the digit stamped into the A of S-T-A-T-E-S that has me looking at every PL or DMPL 1878-P I see.
I would love to know what demonination that digit belonged to? In any event, it was a short lived die. It is a marvellous find and one worthy of high praise from all of his peers and friends. I would do a back flip if I found one. Rather I should say I would attempt a backflip.

Edited by Ozland
10/28/2010 1:58 pm
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