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Please Help! I Found A 1894 P Morgan Dollar

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 Posted 03/08/2011  5:41 pm  Show Profile   Bookmark this reply Add John1 to your friends list
to CCF, I hope you stick around and post some more photos of your other coins. The coin posted is very nice and the photos are great too. What did you use for taking the pics?
John1
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 Posted 03/08/2011  5:44 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
Ah. Seacoast, I'd imagine.

Then skip to Step 2 - make arrangements to submit the coin through him to PCGS. It's possible, if he has buyers, to do a consignment sale through him which would satisfy you both - he'd be trading raw profit for a quick, painless turnaround which would enhance his reputation for having handled such a coin and satisfying his buyer. You'd be losing a couple hundred dollars of potential profit in return for a relatively quick, painless transaction. Everybody wins.

Just familiarize yourself with current pricing, based on real-world sales of similar coins. Heritage Auctions' prior sales database is available to members, and membership is free. ebay is another source, but must be taken with a grain of salt.

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 Posted 03/08/2011  5:58 pm  Show Profile   Bookmark this reply Add fenton to your friends list
Looks to be about AU-53 value is approximately $1450
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 Posted 03/08/2011  6:15 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list

Quote:
Looks to be about AU-53 value is approximately $1450

this one sold for 1840.00 at Heritage in AU-53 condition a few days ago http://coins.ha.com/common/view_ite...&Lot_No=3988


Quote:
The first dealer I brought this to for his opinion was a very reputable PCGS showroom in New Hampshire in business for the last 27 years

Since he is a PCGS member that is who I would have him send it to because PCGS slabs will bring you more money in the end than NGC or ANACS will
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 Posted 03/08/2011  6:35 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list
You are getting some great advise here Salbones ... I know by reputation the kind folks who have replied to your inquiry ... and they are truly unbiased experts whose only goal is to help you out.

I claim zero expertise on this coin ... but am writing to encourage you to read again the honest (and wise) advise given to you above.

I do know that this coin in a PCGS holder ... might cost you say $80 through that dealer ... will bring hundreds more at re-sell to the general collecting public than raw as it is now.

Let us know what you do and how it turns out.

David
Take a look at my other hobby ... http://www.jk-dk.art
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 Posted 03/08/2011  7:21 pm  Show Profile   Bookmark this reply Add carmykle to your friends list
Well, I for one, have not seen your first post so:

As to the coin, you have one we all would love in our collection. As one of our member suggested, take a deep breath and re-read your options.

Thanks for sharing your good fortune.
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 Posted 03/09/2011  10:04 am  Show Profile   Bookmark this reply Add Salbones to your friends list
I would like to thank everyone for their very good advice! At least I now have something to go on. I will probably bring it back up to Seacoast as suggested. The owner seems like an honest and knowledgeable guy. Thank you all. As for the camera, the photos were taken with a Canon SX120 on Macro setting with no flash and auto focus. This is the best camera for taking close-ups of anything. Again, thank you for your sage advice and I think I'll stick around this forum for a while. It's actually pretty interesting!

Sal
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 Posted 03/20/2011  01:17 am  Show Profile   Bookmark this reply Add USExpress1Coins to your friends list
I am no expert, I have actually just started out in the coin business/market, but I would take the route of sending into PCGS and getting it graded, after that, sell it on ebay, you will make more profit because you are dealing with the end customer, rather than going through a coin shop and selling it wholesale.
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 Posted 03/20/2011  03:12 am  Show Profile   Bookmark this reply Add aladinslamp to your friends list
AU 53 looks right! very nice coin....well rounded chest with feathers still present but worn..
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 Posted 03/20/2011  03:55 am  Show Profile   Bookmark this reply Add mkman123 to your friends list
get it graded and let us know!
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 Posted 03/20/2011  10:20 pm  Show Profile   Bookmark this reply Add GR58 to your friends list
I agree with all the good advice given on this thread.

And that is a very nice coin that many of us would like to have in our collections.

Only thing I would add, if you were selling this coin on ebay, without a lot of
positive feedback, you might not get as many bids as you would like.
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 Posted 03/21/2011  12:44 am  Show Profile   Bookmark this reply Add Salbones to your friends list
After considering all of your good advice, I decided to sell the coin to a reputable dealer in New Hampshire. After figuring out what it would cost to have the coin graded and then auctioned (by Heritage or even on ebay) I decided that his offer was just about what I would receive in the end anyway. I looked through the archives and other sale venues and I found that even at auction, most times, the sale price was not as much as his offer. (It was determined by the dealer to be an AU-50) Anyway, that's how it finally wrapped up. Thank you all for your help.

Salbones
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 Posted 03/22/2011  04:40 am  Show Profile   Bookmark this reply Add biggfredd to your friends list
Glad you're happy. Hope you hang around, there's a lot you can learn here.

A good dealer can often pay more than you could get for a coin. There's a lot to be said for a carrel on the bashhead sale.

ebay is an amazing marketplace, but you're paying a lot of money for a tiny bit of computer time. As a new seller, there will be hesitation to buy from you, resulting in low prices. If you overlook something stupid in your listing, you can lose out on a lot of bids, simply for not knowing any better.
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 Posted 03/22/2011  10:17 am  Show Profile   Bookmark this reply Add pls to your friends list
Sounds like a win-win situation for both you and your dealer after you took advantage of the excellent input here.
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 Posted 03/25/2011  01:04 am  Show Profile   Bookmark this reply Add Piffin to your friends list
salbones,
Enjoyed this thread and your coin views. You do fine photography.

Many more happy returns
PFN
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