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 Replies: 24 / Views: 2,503 |
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Pillar of the Community
1751 Posts |
I'll tell you that $48 is a bit steep for this coin... I probably would pass at $28-$30... under that, I'd consider it. I'm a bit of a bargain hunter, though, so your mileage may differ.  As long as you're happy, that's all that matters. |
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Valued Member
 United States
110 Posts |
Thanks, I definitely am happy. I got the impression I overpaid, I deal a lot with used music equipment and vintage equipment and I just had that "feeling". But, I appreciate the input, as next time I go down to the shop, I will have some more tools in the shed. There is actually a few pawn shops here that have reasonable (for a pawn shop) pricing on some of their Morgan coins. The thing is, anytime something good comes in the shops, it is gone because other people in town know to look everyday. PCGS link is bookmarked, going to look through that everyday at different coins.
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Pillar of the Community
United States
3843 Posts |
Quote:
Oh, I paid 46$ for this coin. I saw him get out a piece of paper (assuming it was the grey sheet) and he gave me a price of 48$. I figured it was good to support his local business as he did tell me a lot about his various coins and I took up some of his time. Probablly not the best deal, but I dont think the worst deal. You may want to shop around a little to find a coin dealer that is both ethical on pricing/grading (not saying your local dealer isn't, we really don't know) and has the quality/type of coins that you want to add to your collection. Start with small purchases to see how they treat you. Post your purchases here for feedback, you're going to make mistakes as in any new hobby, the key is to learn from those mistakes and become a better numismatist because of them. When you find a good honest dealer stick with them, dealers will often give regulars substantial discounts and sometimes give them first choice of the new stuff that comes into the shop. NumisMedia is another useful site. Not quite as good as the Greysheet but it is free! Remember that no price guide is the end all be all, they are just guides and premium quality coins will likely be more expensive than the prices listed. http://www.numismedia.com/fmv/fmv.shtmlLooks like you are off to a good start but take it slow and make sure to research significant purchases before you make them. Edited by Joe2007
11/11/2013 11:06 pm
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Rest in Peace
United States
10625 Posts |
The obverse appears to be MS61 from the photo. The actual grade could be higher (MS62)if the marks on the cheek are not as distracting as they appear. Have you figured out what VAM it is? Edited by dave700x
11/11/2013 11:05 pm
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Valued Member
United States
110 Posts |
That's great advice on looking for the right dealer and the link to numismedia. I will really do some more research on what I am looking for next. Even though Bakersfield is a big city, there aren't many coin shops in town. Lot's of antique and pawn shops however. But I feel like there is a shop in vicinity (LA, Fresno, Monterey) that I will evetually find and settle in with. I'm going to keep purchases pretty light and focus more on commons and uncommon coins for the first year or so. I think Fade was right, the angled shot really shows the worst of the marking. When held, I don't see the marks as severe, but there are some there. I have been reading about VAM. I have not figured out what VAM it is, there is a lot of information to process within that area! If you see anything on the coin that you cant tell from the picture, let me know and I will do my best to describe/re-shoot picture. |
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Pillar of the Community
United States
3843 Posts |
You might also want to consider coin shows in your area as well. Perhaps some of the Morgan dollar specialists here can suggest a few good dealers that set up at area coin shows. |
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Pillar of the Community
1751 Posts |
Larry Shapiro is out in LA, he's one of THE Morgan guys in the business. I'm sure he sets up at local shows.
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Valued Member
United States
110 Posts |
I will keep my eyes peeled, hopefully a show surfaces near here before Christmas. I doubt there is a local coin show annually here.... Unless it is camping/ RV, guns, or menudo cook offs.... the fairgrounds aren't open that much. But I will have to look in LA, bound to be a show there.
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Bedrock of the Community
Canada
11922 Posts |
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Moderator
 United States
23522 Posts |
I don't think you got particularly beaten about the head at $46 for this coin. Maybe a twelve-pack's worth.
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Pillar of the Community
1751 Posts |
Hey OP, go to this show coming up; (046) Not Allowed - Auto-Removed &threadid=902921 Looks like Larry Shapiro is going, so if you wanna see some nice Morgans, I'm sure he'll be happy to help ya around time provided. EDIT: I inserted a link to the PCGS forums, which are a FANTASTIC resource when used correctly, but I always forget that this site doesn't allow linking to their forums for whatever reason. Here's a post on a dealers page I found with some info about it; http://www.joelscoins.com/shows.htmEdited by FadeToBlack
11/14/2013 01:21 am
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Pillar of the Community
United States
1554 Posts |
T
Edited by 1893S
11/14/2013 01:36 am
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Pillar of the Community
United States
1554 Posts |
This coin appears to have been circulated. My opinion is AU53/55
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Pillar of the Community
United States
9792 Posts |
 I'd say this Morgan is a market slider or low end MS coin around 60/61/62 probably. Also keep an eye peeled for Gus Tiso he does a lot of shows in So Cal and has a TON of dollars in all price ranges, whenever I see him at a show he always ends up taking some of my money home with him! There are a lot of coin shows in SoCal and lots of dollar dealers too. You might even get into VAMs too! Check the site http://www.coinshows.com there is a show coming up in Ontario, CA, not too far from Bakersfield. There is always Long Beach (an amazingly large show, has been downgraded the past few years, but is slowly returning to the top of the shows again). Fresno also has some good shows. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440Edited by westcoin
11/14/2013 03:18 am
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Valued Member
United States
110 Posts |
Well a twelve pack of Natural Light or Sierra Nevada Torpedos? I'm wondering now! ;) Fade, I will check out those forums as well as take a look at the link. Westcoin, thanks for the link I am going to bookmark it after I reply. I just have to plan a trip it sounds like, and make sure I have some cash to spend. I am looking at getting some slabbed Morgans in the near future, and my GF visited a friend of mine that's a manager in a pawn shop and put two slabbed coins on layaway so Santa has something for me too! But a coin show in Long Beach, that's ideal!
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Posted 11/11/2013 10:55 pm
