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Picked This Up For Just Over Melt Price, Worth Grading?

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farrider11's Avatar
United States
614 Posts
 Posted 02/15/2020  11:54 pm Show Profile   Bookmark this topic Add farrider11 to your friends list Get a Link to this Message Number of Subscribers
I'm back :) been sick, but on the mend.

Ok, so I picked this one up for just over melt price on an auction, don't have the coin in hand yet, sellers pictures. Fresh out of vouchers.

Picked-This-Up-For-Just-Over-Melt-Price,-Worth-Grading?
Picked-This-Up-For-Just-Over-Melt-Price,-Worth-Grading?

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sel_69l's Avatar
Australia
21788 Posts
 Posted 02/16/2020  03:52 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Looks to be a bit like MPL, certainly seems to be a sharp strike from new dies.
Patina maybe? hiding some tiny nicks and scratches that I can't see here.
Stands a reasonable chance of being over $100 in potential value,
which is my rule of thumb to consider if the grading and shipping can be justified.

Biggest thing for me is that it a nice cherry pick, if you bought it for just over melt!
Edited by sel_69l
02/16/2020 03:55 am
Rest in Peace
T-BOP's Avatar
United States
18456 Posts
 Posted 02/16/2020  07:45 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
I never was a Morgan dollar man but that is definitely worth more than melt . Real nice strike .
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edweather's Avatar
United States
7375 Posts
 Posted 02/16/2020  08:31 am  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
Nice buy, but not worth grading. Enjoy.
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CitationSquirrel's Avatar
United States
1026 Posts
 Posted 02/16/2020  08:40 am  Show Profile   Bookmark this reply Add CitationSquirrel to your friends list Get a Link to this Reply
Sounds like you got a killer deal!
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Coinfrog's Avatar
United States
94367 Posts
 Posted 02/16/2020  09:05 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Beautiful - tell us about the luster, please.
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kanga's Avatar
United States
5825 Posts
 Posted 02/16/2020  09:48 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
I've got it at AU-58 (~$50).
Nowhere near what I consider the value for submitting for grading ($150-200).
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IndianGoldEagle's Avatar
United States
36903 Posts
 Posted 02/16/2020  1:33 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
AU-58, save the money on getting it slabbed.
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farrider11's Avatar
United States
614 Posts
 Posted 02/16/2020  4:02 pm  Show Profile   Bookmark this reply Add farrider11 to your friends list Get a Link to this Reply
When I get it, Ill post some real pictures.
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panzaldi's Avatar
United States
18717 Posts
 Posted 02/16/2020  4:26 pm  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
average strike for this year. AU58. I think the luster is a little lacking. common date. $30-35 retail. don't send it in. maybe there's more luster than the photos are showing but it still isn't going to be MS
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fortcollins's Avatar
United States
3669 Posts
 Posted 02/16/2020  4:45 pm  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply
Great pickup! It might be 1885-O VAM 12.

I'm at AU-58, too. The surfaces look better than a lot of AU Morgans. I agree, it isn't worth paying for a slab, but it should sell quickly for $25-ish above what you paid. That's a great cherrypick any day.
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farrider11's Avatar
United States
614 Posts
 Posted 02/20/2020  7:42 pm  Show Profile   Bookmark this reply Add farrider11 to your friends list Get a Link to this Reply
Well, I got it, and it had alot of debris on it, so I gave her ye ole acetone bath.

Best pictures I could get, I dunno if these shots make any difference.

Change anyone's thoughts?

In the top left corner there is the slightest of rim damage that the sellers pictures masked rather well :)

Think I might toss this one back to ebay with the seller's pictures lol

Picked-This-Up-For-Just-Over-Melt-Price,-Worth-Grading?
Picked-This-Up-For-Just-Over-Melt-Price,-Worth-Grading?
Edited by farrider11
02/20/2020 7:56 pm
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farrider11's Avatar
United States
614 Posts
 Posted 02/20/2020  11:52 pm  Show Profile   Bookmark this reply Add farrider11 to your friends list Get a Link to this Reply
Anyone? :)
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CoinHunter27's Avatar
United States
5887 Posts
 Posted 02/21/2020  12:01 am  Show Profile   Bookmark this reply Add CoinHunter27 to your friends list Get a Link to this Reply
She's a beauty! Great pick for just above melt. Well done.

-CH27
Collector of U.S. Coins, Varieties, and Colonial Coinage
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sel_69l's Avatar
Australia
21788 Posts
 Posted 02/21/2020  01:20 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Why re sell it?
Definitely a keeper, to my way of thinking!
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panzaldi's Avatar
United States
18717 Posts
 Posted 02/21/2020  11:12 am  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
decent coin. I'm still at AU58. looks better than the original photos
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