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Replies: 36 / Views: 4,041 |
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New Member
United States
8 Posts |
Help! I am new to this and know nothing about grading coins. My mom gave me this Morgan during Christmas and ask me to find out its value. Please give me your thoughts on the grade and value. Thanks  
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Pillar of the Community
United States
548 Posts |
Uh, the '89 CC is only the rarest of the CC mint Morgans. I'd guess yours would grade XF45 or so.
It's worth over $5k
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Valued Member
United States
128 Posts |
You should probably ask her if she has any 1916 D Mercury dimes or maybe an 1893 S Morgan to go with that one.  Nice coin!
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Pillar of the Community
United States
548 Posts |
And whether she has any 1916 Standing Liberty quarters, too. Mint state would be nice. Oh, is your Mom looking to adopy anyone? I could volunteer. 
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New Member
 United States
8 Posts |
HaHa sorry...no 1916 mercury or standing liberty and she already has 3 children, however she did give me about 25 other morgan's. I think these will rank 2nd and 3rd in the lot but not sure. What dod you think?
Lobby... thanks for the feedback and could that 5k be realized on the wholesale market?
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New Member
 United States
8 Posts |
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Pillar of the Community
United States
548 Posts |
Nah. I looked at your coin thinking it was AU, almost uncirculated. If it's XF like I think it is, it's value is between $2k and $5k. I'm not the most knowledgeable guy her (heck, ask pretty much anybody)  but I'd send it off to get third party graded (ANACS, NGC, PCGS). That way folks over the internet would have assurances that the coin is authentic. See, nobody wants to risk over $1k on a internet sale from an untested seller. Then I'd either place it for sale on ebay, or Heritage, or Teletrade. You might contact some of the more active folks here to help you out. Check sig lines, site moderators, etc. Watch the site rules, though. You're a noob, and folks here are very sensitive to new folks causing chaos.
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Pillar of the Community
United States
548 Posts |
Oh, both the 1892 CC, and the 1895 S qualify as desirable, rare Morgans. They're worth a few hundred dollars each.
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New Member
 United States
8 Posts |
Thanks Lobby...I really appreciate the insight. I understand that I'm a noob here and certainly don't want to breech any etiquette rules. I am also a total noob when it comes to classic coins and appreciate all the education I receive on this forum. My late stepfather left these coins to my mom when he passed in 1982 and she has become a bit cash strapped and I just want to help her realize the full potential of what she has. All feedback is greatly appreciated.
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Valued Member
United States
67 Posts |
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Bedrock of the Community
United States
14454 Posts |
on those Morgans you have it is imperative that you get them authenticated before trying to sell them because there isn't many people that will pay their value without them being authenticated by a top tier TPG like ANACS,NGC or PCGS. I have to be honest with you, unless you are in a wealthy family being handed all those rarer dates at once for a gift from someone that doesn't know what they are worth kind of makes me a little weary about the coins even though nothing really is screaming out at me at first glance to make me think there is a problem with them
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Pillar of the Community
United States
1510 Posts |
again the people that dont collect--find them or get them given to them!  JK  -- great score--yes I would get the biggy CC slabbed
Retired USAF 1983-2003
Edited by Coinstar 12/29/2011 7:27 pm
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Pillar of the Community
United States
5854 Posts |
You got some really nice coins. If you are thinking of selling them, the 1895-S and especially the 1889-CC should be certified by one of the three companies that have been already been mentioned. The 1892-CC can be submitted but it may be more difficult to recoup the cost when you sell. Generally PCGS brings the most money followed by NGC and then ANACS. To submit to PCGS or NGC, you will need to purchase membership or submit through an authorized dealer. ANACS allows you to submit to them directly and there are no membership fees.
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Valued Member
United States
128 Posts |
Quote: I have to be honest with you, unless you are in a wealthy family being handed all those rarer dates at once for a gift from someone that doesn't know what they are worth kind of makes me a little weary about the coins even though nothing really is screaming out at me at first glance to make me think there is a problem with them I don't think she is giving them to him as gifts. He's trying to ascertain the value of the coins for her so she can liquidate and not get ripped off. I do agree with the above posters. Getting them graded by one of the top grading services will definitely pay off in the long run.
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New Member
 United States
8 Posts |
Bryan 1315...I can assure you I'm not from a wealthy family. My stepfather owned a small country store and accumulated these coins over the years and they have been sitting in a safe deposit box since his passing in 1982. I have no concern that they are legit. What is the best way of deciding if the value is high enough to send for grading and of the three services mentioned is one's grading more widely respected than the others?
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Pillar of the Community
United States
548 Posts |
Grading (using ANacs, for example) will cost about $30 per coin. Easily justified on coins of this value. Wasting a grading service on a $50 coin may not make sense. But on these 3 coins you posted? Yep.
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Replies: 36 / Views: 4,041 |