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1921 Pitted Morgan

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 Posted 03/08/2008  11:47 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
I'm gonna be able to semi-retire because of you, NGiles.

Here's a little more detail. On the obverse, note the die cracks between the stars; it should help to confirm the attribution. Also note the additional pitting around the A and R of DOLLAR, inside the C in AMERICA, and around the eagle's beak. A lot of times at VAMworld, only the most obvious features of a given VAM are listed, and it gets difficult to attribute an early die state or less-than-perfect photos.

1921-Pitted-Morgan

1921-Pitted-Morgan

1921-Pitted-Morgan
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 Posted 03/08/2008  12:59 pm  Show Profile   Bookmark this reply Add miterman to your friends list
That looks just like it after carefull examination, Thanks SuperD
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 Posted 03/08/2008  2:09 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
It's quite a bit scarcer than the R4 Rarity might indicate. I've only seen or heard of two or three; NGC has graded 5.
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 Posted 03/08/2008  2:48 pm  Show Profile   Bookmark this reply Add NGiles to your friends list
If you retire SuperDave you'll have to send me all of your coins so I can keep up your good work.
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 Posted 03/08/2008  3:05 pm  Show Profile   Bookmark this reply Add miterman to your friends list
Do you think it's worth the grading fee?
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 Posted 03/08/2008  3:24 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
quote:
If you retire SuperDave you'll have to send me all of your coins so I can keep up your good work.


I sold almost all of them last year. The pics are all from my archives. Sorry.

quote:
Do you think it's worth the grading fee?


That's iffy. You'd want it attributed on the slab, and that means NGC or ANACS (PCGS doesn't attribute this one), plus the extra cost of the attribution. I can't tell from the pics if the coin is Uncirculated or not; if so, it'll probably go MS63. 1921-P VAM's aren't a really hot item, for the most part, and demand doesn't drive the price up much.

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 Posted 03/08/2008  7:22 pm  Show Profile   Bookmark this reply Add miterman to your friends list
It is unc. your probably right about the ms63 or even ms62 i'll just keep it raw.Thanks sd
MM
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 Posted 03/08/2008  7:55 pm  Show Profile   Bookmark this reply Add NGiles to your friends list
miterman,

I have yet to send a coin to a grading company. Why should I pay somebody to tell me what I already know. Somebody who knows what they are buying and can determine the grade for themselves, will probably pay the premium whether it is slabbed or not. I keep my nice coins in air-tight coin holders and I am happy with them that way.
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 Posted 03/08/2008  9:03 pm  Show Profile   Bookmark this reply Add miterman to your friends list
very good logic and a good idea
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 Posted 03/08/2008  9:44 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
quote:
Somebody who knows what they are buying and can determine the grade for themselves, will probably pay the premium whether it is slabbed or not.


I would respectfully differ with that opinion, with regard to today's coin market. Especially in the case of error coins or those worth any decent money, many (possibly most) buyers would question why a coin which *should* (by their own opinions) be in a slab is not in a slab. Coin collecting has morphed beyond the days when almost any collector was a capable grader; there are plenty out there who only believe it's a 65 if PCGS says so.

So, although your statement is completely true, it also discounts a sizable percentage of the market who wouldn't be interested in the coin, raw. By all means, keep them raw if you're going to keep them. I do. But as always, I strongly advise slabbing anything you intend to sell that's worth more than $250, and any attributable error that's worth $100.
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 Posted 03/09/2008  12:20 am  Show Profile   Bookmark this reply Add NGiles to your friends list
Once again SuperDave I find you guiding me in different ways of thinking. If your intention is to sell the coin, then you are probbably right. You make a strong point. I am stuck in BUY mode. I like to buy unatributed coins and find the VAM myself. It's the hunt that I enjoy. I have not yet reached the point where I want to sell any of them. Maybe when I shift to SELL mode I will consider grading.

I should probably think a little bit more before I write. Don't be affraid to give me a verbal lashing if I say something stupid. I'm still learning. There I go showing my amature status again.Man that's embarassing.

At least now your not still considering partial retirement.
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 Posted 03/09/2008  11:21 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
quote:
I have not yet reached the point where I want to sell any of them. Maybe when I shift to SELL mode I will consider grading.


There's nothing wrong with your thinking. It worked for the first 150 years of numismatics, and it works today. There are plenty of collectors who are perfectly capable of drawing their own conclusions about coins, even in a photograph-only environment like ebay. Furthermore, they are still the majority in most classes of collecting between the VF and MS stage - one can effectively sell decent coins if properly pictured. Not to blow my own horn, but I have no problem, given the kind of pictures I take, with getting respectable prices for raw coins on ebay.

But if I were selling Mint State gold, or Registry-level coins, or Proofs out of the original packaging, or errors, I would be absolutely certain to employ respectable slabs as a business tool.

So, like everything I say (), there's an exception to the rule. Hone your photography skills to the point where the quality of your coins is obvious, speak about them truthfully in the sale, and back them up with an unconditional warranty, and you can sell whatever you want, wherever you want to. It's another illustration of the wonderful variety of our hobby - there's no one right way to do it.
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 Posted 03/09/2008  1:37 pm  Show Profile   Bookmark this reply Add j_h_s to your friends list
I think the choice to grade rests on (no small consideration: 1. What one plans to do with the coin. 2. The overall value of the coin.

Graded coins kinda put off and/or shuts up wannabe experts and pretend collectors (vs. dealers) if your plan is to sell the coin.
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 Posted 03/09/2008  7:43 pm  Show Profile   Bookmark this reply Add miterman to your friends list
I guess having it attributed correctly would help it sell for more money in the long run if I decide to sell.
I'm probably going to hold onto it for awhile and enjoy it.
Thanks for all the opinions.
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 Posted 03/09/2008  8:18 pm  Show Profile   Bookmark this reply Add InfiniteInterest to your friends list
I agree, until you sell it, I would not waste time or money with slabbing it. Even then you have to decide if it is worth the money for someone else's opinion.

I think I picked a coin from the same dies myself this week- I saw the pitting immediately and snatched it up. I will have to get pics and get it on here.
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