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Bedrock of the Community
United States
10982 Posts |
Some people revere the 1893-S Morgan like the 1909-S VDB Lincoln. Actually the 1893-S Morgan is far more scarce than the Lincoln; with less than 10,000 pieces known to exist. With the number of Morgan collectors in the world, there is intense demand for this date and a commensurately high price. Assuming the coin pictured is a genuine 1893-S Morgan with XF Details, you have a $4,000 piece at a minimum. It has to be professionally authenticated before purchase. There's no other way to pay the kind of money this coin is worth. If your collector friend can wait for professional TPG, then consider buying it. |
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Valued Member
 United States
386 Posts |
As promised, here are some better pics of the Morgan out of the flip:   I did a full check of the coin: 1. Magnet test: not magnetic. 2. Weigh test: 26.6 3. Obverse markers: - 1 at correct denticle position - 9 and 3 raised - 9 and 3 appear correct (not altered). - "Rabbit ears" appear in R of LIBERTY. - Line appears in T of LIBERTY - Line appears to left of lower wheat leaf. 4. Reverse markers: - S in correct position for VAM1. I am looking for opinions on grade. Value would also be appreciated. The main detractors are the 3 rim dings on the reverse (10 and 11 o'clock). There is also a small rim ding on the obverse, and another small one of the reverse (4 total on the reverse). Thanks for any opinions. Edited by sjh241
03/02/2013 5:51 pm
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Valued Member
United States
386 Posts |
As an added bonus yesterday and today, I got to see and handle these two together (the pics above are the Morgan on the right):   Edited by sjh241
03/02/2013 5:59 pm
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Moderator
 United States
16679 Posts |
I would say authentic. Mid VF range. Issues don't look terribly bad with your new photos.
May have an old wipe.
Lets see what others think.
swcoin.ecrater.com
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Pillar of the Community
United States
1391 Posts |
I'm wondering where SsuperDdave is...
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Moderator
United States
16679 Posts |
He's coming  swcoin.ecrater.com
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Moderator
United States
23522 Posts |
Quote:
I'm wondering where SsuperDdave is... Watching the Nationwide race.  I'm seeing cause for worry with the color - the toning is too "new" in the progression of hues, making me think it may have suffered a cleaning of some sort and is now recovering. Either way, it's right on the edge (probably over that edge) of XF Details and as BH1964 mentioned it's likely a $4k+ coin. It's my belief that a lot of money will be left on the table by trying to sell it raw - it needs to go to PCGS and appear in a Heritage auction. |
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Valued Member
United States
386 Posts |
I also have some extra shots of the main rim dings, and a pic holding the Morgan while looking at the reeding to see how these dings pushed the metal if they are needed.
I was grading this as a mid to higher VF but wasn't sure if there would be a net grade for the rim dings (something like VF-20). I wasn't considering an old cleaning.
Ssuperdave, you would grade this as a XF Details?
Edited by sjh241
03/02/2013 6:26 pm
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Moderator
United States
23522 Posts |
Although it's quite possible those rim dings might generate a Details grade even if the color doesn't, they're not so distracting as to lessen the value of the coin beyond the "standard deduction" for Details grading. The industry has pretty much abandoned the concept of "Net" grading - estimating a grade-related value of a Details coin - in favor of stating it's a "Details" coin with an accurate assessment of technical wear. So, yeah, I think this one makes XF Details.
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Valued Member
United States
386 Posts |
Thanks so far for the feedback. I'm going to throw up the pics of the second 1893-S for a consensus grade. However, this Morgan is not for sale, just grading.
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Valued Member
United States
386 Posts |
Here is the second 1893-S for grading and valuation (it is the Morgan on the left in the above posted side-by-side pics). The reverse pic is blurry so I added another pic where a flash was not used. It shows better detail. Thanks for all the help.    Edited by sjh241
03/02/2013 8:44 pm
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Moderator
United States
23522 Posts |
I have this one ten points below the other; call it VF30. Not going to speak definitively about the surfaces but I don't see anything disconcerting, either.
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Valued Member
United States
386 Posts |
Thanks SsuperDdave. It was nice having two of these in front of me today. Wish one of them was mine.
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Valued Member
United States
366 Posts |
Check for the "rabbit ears" in the foot of the R of LIBERTY - that's a good pup to id the coins.
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Valued Member
United States
386 Posts |
Both Morgans had all of the markers; correct date placements, un-altered date figures, rabbit ears, line in T of LIBERTY, line at lower leaf on obverse, correct MM placement, weight, etc... They both passed.
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Posted 03/02/2013 5:42 pm
