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 Replies: 23 / Views: 4,025 |
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Rest in Peace
United States
18456 Posts |
Quote:
I'd bet a true MS70 morgan would go for multiples of your estimate possibly even by a factor of 10 or more. It would be THE sale of a lifetime in recent numismatic memory and millionaires would be fighting billionaires over it Yes I think your right. I under estimated it.  |
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Pillar of the Community
United States
2815 Posts |
A true MS70 Morgan? Cascade has it right. It would go into the several millions.
Edited by Darth Morgan
12/23/2015 10:46 am
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Moderator
 United States
189603 Posts |
Think about it. Today's manufacturing process is vastly superior to that of the Morgan era. The only reason why MS-70 coins exist now, in a grade that once represented an impossible perfection, is because the mint gained the ability to create coins better than anyone had previously imagined.
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Valued Member
 United States
62 Posts |
Yes, of course it wouldn't be by today's standards, but I mean for the standards in place at the time, there has to be at least some that are as perfect at possible.
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Moderator
United States
189603 Posts |
My point is that back then the grade 70 was theoretical, it was an unobtainable limit. The 69 was de facto perfection.
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Valued Member
United States
62 Posts |
I just find it hard to believe that out of all the Morgans that weren't put into circulation, there aren't at least a few that are flawless, which is what MS 70 designates...
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Bedrock of the Community
United States
12437 Posts |
The problem with that line of thinking is that virtually all of the Morgans that weren't put into circulation were dumped into canvas bags by the hundreds, banging into each other along the way. Quite frankly, I am surprised that MS69s even exist given their general treatment.
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Pillar of the Community
United States
7390 Posts |
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Rest in Peace
United States
10625 Posts |
Yeah, I agree as well. Anything above MS66 is an amazing find if it came out of a mint bag. It would not surprise me in the least if some examples made it to certain collectors fresh off the press.
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Valued Member
United States
62 Posts |
Yes, that's true. There probably weren't many coin collectors back then, so there weren't a lot that were carefully set aside. I'm not sure if I've seen ms 69s yet, but I have seen 68s, and it seemed like it was a justified grade. Occasionally PCGS and NGC might overgrade, but I think it's very rare...
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Pillar of the Community
United States
7390 Posts |
It is HIGHLY doubtful they would overgrade. Ms68/69 morgans are moon money compared to 67 and below and with their buyback protection guarantee they would be liable for big $ so the coins of this caliber are HEAVILY scrutinized by the top graders and given only the most accurate grade. Then again there's Murphys Law so...
Edited by Cascade
12/23/2015 6:14 pm
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Pillar of the Community
United States
2815 Posts |
And remember too that there are no MS70 Eisenhower dollars either. They were minted nearly a century after the first Morgan dollar was struck. Apparently, Ike wasn't handled very well either. Edited by Darth Morgan
12/25/2015 3:02 pm
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Moderator
United States
189603 Posts |
If anything, the Eisenhower dollars were handled worse..  I would have loved to see a proof 2015 Eisenhower dollar issued for the C&C set, even if it were only Cu-Ni clad. Just imagine how amazing it would look using today's minting process.  |
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Pillar of the Community
United States
7390 Posts |
Just to put monkey in the works. What about a proof 70 morgan was that even possible. I'm guessing if anything had a shot in th 19th century to grade 70 today would be a proof if anything
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Rest in Peace
United States
10625 Posts |
I think the '95 Darth got for Christmas may be close...  |
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Replies: 23 / Views: 4,025 |
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Posted 12/23/2015 10:46 am
