1894-O Morgan(ANACS Update)

MS62. I'm going a little lower on this one because of the wear on the breast feathers. Scans don't show luster so I hope she has more (for your sake). Others will probably go 1 higher. See, no major dings or marks on her face! This one I like!

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Originally posted by SuperDave

Phew. Toughie. My gut says it's a slider, but if it came back 62-63 it wouldn't surprise me. I want to revisit this in a few hours for a second opinion.

I'd have jumped on that coin for $200.

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Less than half that Dave.$71

Wow...great deal you got there then. I'll say MS-62 with a weak strike.

I'm still leaning slider, but for that price, who cares?

Terry, like most O Mint Morgans, this is a weak strike although we've seen weaker from N'Orleans. Given what appears to be an absolute lack of circulation marks (although with some imagination, I might see some if I squint my eyes), I'm inclined to go with Mint State over very lightly circulated. The rims seem clean with not even tiny dings as far as I can tell, a giveaway with many lightly circulated Morgans. However, without seeing the luster, I am hesitant to put a number on the MS. Indeed, it's even possible it's been cleaned or dipped, but that's what scans make coins look like. As you said, big mistake on his part.

All else aside (luster, possible circulation, possible cleaning) and presuming it's mint state, I think it might grade out at MS-62 or even -63 at ANACS; NGC and especially PCGS would likely market grade it out lower.

However, this is another which really needs to be examined in the hand before anything conclusive is determined.

When you get it, please let us know what you think.

Fred

Thanks Fred,
Yes,its hard to tell what I really have there but for the price I thought it was worth the chance. If it has been cleaned I can't see the usual hints of it.Even in a scan the cleaning will usually show up around the star area as discoloration.I couldn't understand why others were not bidding on this coin either.I kept asking myself what am I missing here? I watched it and studied it for days and just couldn't find anything wrong with it from the scans anyway and figured its worth a shot,nothing ventured,nothing gained. The seller has 100% positive feedback and a return policy.If it is what I think it is,It's going to ANACS and if it came back AU50 I would be ecstatic.

Oh and someone did try to snipe it from me,the original price was $69.00 I believe what happened with this auction is what I see happen with many,many auctions.When the seller starts his auction with a high starting price people just don't bid.I believe if he would have opened the bidding at $9.99 you would have seen a lot of bids on this coin and it probably would have went for a lot more $. I know it doesn't make sense but I have seen this happen hundreds of times.Also, the coin was not listed under " Morgan dollars" it was listed in U.S. coins and paper money! It had only 29 views.A coin of this year should have had four times that many.

Well, heres the coin. Now what are your thoughts.

Upper-end AU. Still a