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 Replies: 17 / Views: 2,642 |
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Pillar of the Community
United States
1193 Posts |
Still sorting out the bag of morgans my dad gave me that were my grandfathers. Anyone wanna take a stab at grading this one, and thoughts on if I should get it slabbed? Thanks    |
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Pillar of the Community
United States
7840 Posts |
XF45 - AU50 (cleaned) details.
I would say no to getting it slabbed.
Edited by oih82w8
04/19/2012 9:53 pm
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Moderator
 United States
16679 Posts |
AU50ish. Yeah, possible dip. Luster should still be evident at this level.
swcoin.ecrater.com
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Pillar of the Community
 United States
1193 Posts |
you guys are incredible! I can't believe how a bag of silver dollars has captivated my attention and peaked my curiosity. What would you consider a grade to slab? Granted, I am sure that a rarer date in lesser quality would warrant slabbing, vs. a common date in best condition, but for "regular dates", in which grade would you always slab? I am not going to lie, I kinda just want the mystery and suspense of opening a box of coins and seeing what they grade LOL..  |
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Pillar of the Community
United States
7840 Posts |
It has been stated in previous threads that you need to take into consideration the slab cost versus the value of the coin. Your 1878-CC, in circulated, possibly cleaned condition would have a value of less than $100. Most Third Party Graders (PCGS & NGC) would cost approx $30 (if not more) on top of the club to join. ANACS is less expensive, not as favored, but no club fees. Slabbing would cost approx 1/3 the value of this coin and it does not make sense to have it done. If this was a MS64+ coin, then yes, have it slabbed.
Edited by oih82w8
04/19/2012 10:12 pm
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Moderator
United States
16679 Posts |
I agree but, if you are really curious, ANACS in this case would be the most practical for this particular coin but yeah, I would wait and do a group submission ;)
swcoin.ecrater.com
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Pillar of the Community
United States
6385 Posts |
This coin has a strong strike and very little wear. With decent luster it would easily make AU-55 IMO but the photos show dull, lifeless surfaces. I agree it's likely the coin was dipped to the point that luster was degraded.
Slabbed 1878-CC Morgans in MS-60 to 62 seem to retail for about $200. An AU with strong detail and impaired luster would fetch a bit over $100 I think. Having that coin in a PCGS or NGC Genuine or Details slab would not increase it's value so the grading fee would basically be wasted. You have a desirable piece for sure, just not one that makes sense to grade.
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CCF Sponsor
United States
702 Posts |
Unfortunately, with ebay's most recent snub of ANACS, it's hardly worth even using that. I called ebay to complain today, by the way. They were very polite and recorded my complaints and did a good job of making me feel like they were listening, even if they didn't. Wouldn't hurt to have it slabbed. Perhaps take it to a brick and mortar (if you know of a good one) and see if they'll submit it for you to save on some of the cost and possibly get a slightly better grade. |
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Moderator
United States
16679 Posts |
ANACS....eBay....  swcoin.ecrater.com
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Pillar of the Community
United States
808 Posts |
Nice looking coins( I checked out the other one) wouldn't mind having them. Getting them from your grandfather makes em heirlooms, something like that makes them worth more to you, I know they would to me ! Good luck on the slabbing, but I would at least put them in some air-tight holders, you can get them at any coin store, even online.
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Pillar of the Community
United States
1554 Posts |
Not worth slabbing. Most coins aren't. Once you get the knack of grading down you'll understand. Very few dealers or collectors will pay a premium price for a $100 slabbed coin. Slabbing is best for authenticity purposes.
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Pillar of the Community
United States
8904 Posts |
From these pictures: AU55 with nice strike but perceived diminished luster (possibly from cleaning, possibly bad photography that doesn't show what luster this coin has?). Very possibly higher grade in hand.  |
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Pillar of the Community
United States
557 Posts |
Nice CC bud - I think its personal preference to slab it .. Maybe worth it in the long run .. Id recommend holding onto this one the CC are really great coins to just appreciate and maybe pass down to your youngins .. But if you were to slab it , I would shoot it over to ANACS , and pay the extra fee to have the VAM attributed which may turn out to be even more profitable once you find out the VAM Number for it . But as I see it in the Photo I agree with MOE145 here , at his guess of a AU-55 .. Tough to see the Luster but still a very nice strike ... Great coin none the less ... Take care Bud - Phil \m/ Edited by tatt2ed13
05/02/2012 11:12 pm
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Pillar of the Community
United States
1554 Posts |
The coin is what it is! Slabbing it will not change anything, for the buyer or seller. And as far as VAM attribution, someone should be able to help you here, MOST VAMS are NOT worth a premium and if they are you still have to find someone to sell it to. |
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Valued Member
United States
122 Posts |
 The coin is what it is! Slabbing it will not change anything, for the buyer or seller. And as far as VAM attribution, someone should be able to help you here, MOST VAMS are NOT worth a premium and if they are you still have to find someone to sell it to. I am not defending nor want to stray off this thread or maybe you can make a new one regarding your comment. My question is whenever I go and look at Morgans at the dealer the price is higher on a VAM. also at auctions I usually see vams higher. why is that? |
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Pillar of the Community
United States
557 Posts |
 And selling a 1878-cc , With maybe a decent VAM is not going to be an issue . But I again say - I think its personal preference if you would slab it or any coin .. I've seen plenty of coins that I wonder why they do it .. but if I see a 78-cc slabbed dont think id be JMHO . Phil \m/ Nice Looking CC  |
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Replies: 17 / Views: 2,642 |
Posted 04/19/2012 9:59 pm
