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 Replies: 19 / Views: 4,323 |
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Rest in Peace
United States
10625 Posts |
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Pillar of the Community
 United States
7390 Posts |
My thoughts exactly about the dilemma dollarman That's why I'm posting here for opinions & discussion... I'll look into the VAM 17 dave, what diagnostics do u see? |
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Pillar of the Community
Canada
4911 Posts |
have you found records of this error and the condition they are in? perhaps you have the lowest grade for this year/mm rotation? in which case the right low ball collector would go nuts for it.
Feel free to call me Will.
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Rest in Peace
United States
10625 Posts |
Edited by dave700x
02/15/2015 8:51 pm
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Pillar of the Community
United States
7390 Posts |
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Pillar of the Community
United States
6398 Posts |
Very nice error coin. Personally I would be inclined to pay less for an error in worn condition. As stated, AG-3 really isn't low enough to get a lowball collector's motor running. If FMV for this coin in AU55 is $350 I'd expect an AG-3 to be worth less than $100. Just my "seat of the pants" guesstimate, of course!  |
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Moderator
 United States
23522 Posts |
Quote:If VAM 17 is 30° rotation then a 45° would not be that VAM... Not necessarily. A die rotates because it's loose. Therefore it can continue moving while striking. |
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Pillar of the Community
United States
7390 Posts |
I was thinking the same thing after I posted that, thanks for the clarification superdave!
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Pillar of the Community
United States
7390 Posts |
Worth less than a hundred?... I think that's quite a low estimate for any slabbed error morgan. I think $200-250 can be realized on this one
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Moderator
United States
23522 Posts |
My gut reaction for maximizing value is to get it in front of people who know Morgans. Rotated-die Morgans aren't really uncommon - a rotation over 90 degrees is usually required to command any major premium - but some dates exhibit the trait less frequently than others. You'd be depending on what seems to be relative rarity of this date to generate more premium.
There's no real central repository of information regarding rotated Morgans, though, so the pool of those in the know is relatively small.
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Moderator
United States
15555 Posts |
Nice coin indeed ...
Alas likely occupying the unfortunate market spot whereby it is not low enough in grade to excite the true low-ballers ... and too worn to excite the error fans.
David
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Moderator
United States
23522 Posts |
Oh, yeah, as far as grade it's probably one numeral too high to be of note as a Lowball. There are 4 in P01 and something like another in 20 in FR2, and it's an issue where more can be expected to be found without too much looking as they circulated heavily.
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Pillar of the Community
United States
9796 Posts |
Quote:
A low grade does NOT AT ALL add a premium. Absolutely WRONG! Almost all rotated dies can and do bring premiums on most coins, especially older classic coins pre 1950's. Morgan dollar collectors often pay big premiums for rotated dies. Check the auction prices from Heritage, ebay, VAM world, etc. if you don't believe me. Some Heritage recent sales: 1886-O PCGS XF45 rotated $258.50 Sale Nov 23, 2014 Lot 27494 Retail Value of $60.00 for non rotated 1889-O PCGS XF40 rotated $193.88 Sale Jan 14, 2014 Lot 23379 Retail Value of $40.00 for non rotated 1901-O PCGS F12 rotated $352.50 Sale Jan 12, 2014 Lot 22679 Retail Value of $28.00 for non rotated plus about 70 more just at Heritage... "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/140440 |
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Pillar of the Community
 United States
4596 Posts |
As to how it circulated so long with nobody noticing? Most people don't look at their change, except to count it.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Pillar of the Community
Canada
4911 Posts |
yeah, plus putting away a dollar back in those days wasn't an option for most people.
Feel free to call me Will.
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Posted 02/15/2015 8:34 pm
