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Bedrock of the Community
United States
11920 Posts |
How did you approach the seller? Did you ask: "Can I see some uncirculated Morgans?" or "Can I see some Morgans?" Wondering what the seller was representing that these were when they showed you these coins.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
  United States
5192 Posts |
I made small talk, then asked to see coins which were within my budget. Then I went through the entire stack of coins with my loupe (using ambient lighting) to see if there were any signs of obvious cleaning (hairlines, thin parallel lines).
Under these circumstances, I did not mark these coins as Details. But clearly, I am an idiot.
Note that every coin had a grade listed on the flip, which I DID take with a grain of salt.
Edited by NumisEd
11/17/2024 5:28 pm
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Bedrock of the Community
United States
11920 Posts |
May I ask what you said to the seller your budget was for Morgans per coin? Also, what was your expectation of grades you were targeting for that price?
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
United States
5192 Posts |
Budget was up to $70 per coin. For that, I expect AU-58 to MS-63.
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Bedrock of the Community
United States
11920 Posts |
For $70 you should be able to get unc common date Morgans. I think you can find PCGS graded 63s for $70 on ebay. An alternative approach at a coin show is to ask the dealer: "What would I have to pay here for unc Morgans?" If s/he gives an acceptable price, see what the seller puts on the table for you to look at. That way you get to see what s/he considers an unc and you are only looking at coins that are represented to be unc. From there you have to discern what an attractive unc is for you. IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
United States
5192 Posts |
Quote:I think you can find PCGS graded 63s for $70 on ebay. ebay is loaded with fake Morgan dollars and fake slabs. I think I will stick to reputable auction houses. Edited by NumisEd
11/17/2024 7:23 pm
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Bedrock of the Community
United States
11920 Posts |
Just my humble opinion, but a journey in numismatics entails learning to grade properly. It takes some work, but there have never been more resources to make becoming a better grader easier. There are people who defer grading to grading services or reputable auction houses. That, in essence, is outsourcing that decision to a trusted third party. In my view, deferring that decision to another, is lopping off a large section of this hobby. Grading is subjective and so is eye appeal. These are skills that are very central to what we do. Basically, coins are mechanically produced to be all the same. A large part of the fun is assessing for yourself the condition and the beauty of the objects we collect. This connects us to the coins we collect. Having said that, you are free to collect in any way that suits you. That is another beauty of our hobby.  IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
United States
5192 Posts |
I will remove this coin from the album and buy another Morgan.
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Pillar of the Community
United States
3329 Posts |
Does look AU to me but, again, I can't evaluate whether it's been cleaned or over-dipped from the photos. How's the luster?
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Bedrock of the Community
United States
36906 Posts |
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Pillar of the Community
United States
1521 Posts |
Maybe some less blurry photos might help? I think they are making the coins look soft and hard to really judge
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Pillar of the Community
United States
5192 Posts |
I'm using the camera of my Samsung Galaxy. Not sure how to improve picture taking.
I tried sunlight, artificial light of different strengths, and different angles. Either the coins looked like grey clay tablets or a bit soft like this.
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Bedrock of the Community
United States
12057 Posts |
My first thought was high AU dipped.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
United States
2287 Posts |
Eric, new photos will not help. A lot of these Morgans he purchased are obvious problem coins including this one.
You realize when you know how to think, it empowers you far beyond those who know only what to think.
-Neil deGrasse Tyson
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Bedrock of the Community
United States
18729 Posts |
almost all these morgans you picked up at the Nashua Coin Show seem to have a similar look. your photos may not be an accurate representation of what the coins look like in hand.
the coin appears dipped and either lightly polished or the glare from lighting.
ignoring the lighting i'll call it at best MS63
work on your photos which will help with more accurate assessments
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Replies: 20 / Views: 1,371 |
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Posted 11/17/2024 5:22 pm
