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All Forums Category: US Coins and Currency Forums Forum: US Classic and Colonial Coins

1881 S Morgan MS-67

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Author Previous TopicReplies: 8 / Views: 1,186Next Topic  
Pronghorn
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United States
2 Posts
 Posted 06/23/2014  7:34 pm Show Profile   Bookmark this topic Add Pronghorn to your friends list Get a Link to this Message Number of Subscribers
Hello,

I'm fairly new here (and to coin collecting in general). I have the opportunity to purchase a slabbed 1881 S Morgan for $200 (graded MS67).

Any comments?

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junior e
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United States
931 Posts
 Posted 06/23/2014  8:10 pm  Show Profile   Bookmark this reply Add junior e to your friends list Get a Link to this Reply
I have to say that it seems like something that I would jump on. I just have a thing about MS67 Morgans. You only live once. How many marks are on the cheek? I would have to have a flawless face on my favorite girl other than Minnie Pearle.
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noD
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United States
1584 Posts
 Posted 06/23/2014  8:11 pm  Show Profile   Bookmark this reply Add noD to your friends list Get a Link to this Reply
Who graded it? If not PCGS, NGC, ANACS, or ICG, run away. Can you post pictures of the coin?
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dave700x
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United States
10625 Posts
 Posted 06/23/2014  9:34 pm  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
with noD. It must be a real TPG to even consider purchasing a Morgan at MS67. Anything else is just a plastic coin suit. (Love that term SD).
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Lucky Cuss
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 Posted 06/23/2014  10:11 pm  Show Profile   Bookmark this reply Add Lucky Cuss to your friends list Get a Link to this Reply
First off, welcome.

Besides who assigned it that MS67 grade, also, what's the source? A reputable dealer, or some essentially anonymous online seller? Lots of pitfalls for the beginner in a deal like this.
Colligo ergo sum
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Matteproof
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Korea, Republic Of
1881 Posts
 Posted 06/24/2014  04:21 am  Show Profile   Bookmark this reply Add Matteproof to your friends list Get a Link to this Reply
Sounds like another SGS "graded" coin or a straight-up scam.
Edited by Matteproof
06/24/2014 04:22 am
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jbuck
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197031 Posts
 Posted 06/24/2014  10:06 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
to the Community!

I moved your post to the US Classic forum for the proper attention.
Coin Collector Since 19781881-S-Morgan-MS-67Avatar1881-S-Morgan-MS-67Old Avatar1881-S-Morgan-MS-6770701881-S-Morgan-MS-67Eisenhower1881-S-Morgan-MS-67Australia1881-S-Morgan-MS-67Canada1881-S-Morgan-MS-67World1881-S-Morgan-MS-67CCF Members on eBay1881-S-Morgan-MS-67CCF eBay Search Engine
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Conder101
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 Posted 06/24/2014  10:18 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Whether or not you should jump on it will depend on who slabbed it, and whether or not the grading is accurate. If it isn't by one of the top services the chances of ever being able to sell it as a MS-67 are slight. Secondly there are coins even in the top services that are not accurately graded. If YOU are not qualified to accurately grade the coin yourself you may find that you have purchased an over graded coin. (Fortunately you are somewhat protected by the grading guarantees of the top services in this case.)
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Pronghorn
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United States
2 Posts
 Posted 06/24/2014  10:49 am  Show Profile   Bookmark this reply Add Pronghorn to your friends list Get a Link to this Reply
False alarm here; it is not a PCGS or NGC. Some fly-by-night operation. It doesn't even look like other MS67 1881 Morgans.

I'll just stick to ungraded ASEs and 90% silver that I enjoy.
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