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 Replies: 9 / Views: 1,622 |
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Valued Member
United States
344 Posts |
I'm new to purchasing coins. All of the silver I have gotten up to this point has been the stuff I have found in my pocket change. I decided to start adding more silver to my collection, so I went down to the local coin shop and found these two Morgans. The toning in all the pictures appears a bit darker than when looking at them in person and there appears to be a bit more luster on them. Coins are so hard to photograph right and I didn't want to fool around with photoshop too much. The first one I got out of the junk silver bin for $27. It is a 1890 which I would estimate - in my noviceness - VF.   ========================================= The second one is a 1897S which I purchased for $59 and would estimate a XF+ to AU. There appears to be some sort of large spot above the eye and extending into the hair. I am not quite sure what it is or what caused it. I took a loupe and scrutinized this coin in the shop, but somehow missed it. Lesson learned, make sure to spend as much time looking at the whole coin without the loupe, next time. My wife - who works in retail said it was probably also the lighting in the shop that contributed to me missing it. =========================================   ========================================= How'd I do? Is my grading somewhat in the ballpark? |
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Pillar of the Community
United States
1211 Posts |
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Valued Member
 United States
344 Posts |
Thanks for the response, Jerseyben. I don't have a lot of experience vamming Morgans, so I spent the last half hour using the tutorial here on this site. The subtleties have given me a new appreciation of the Morgan. It appears to me that there is a double die or mechanical double with the stars and possibly the letters of the 1897S. I'm not sure how that translates into a VAM. ========================== Edited for clarification Edited by tgauchsin
06/04/2012 8:19 pm
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Pillar of the Community
United States
1554 Posts |
If I can make a suggestion to you it would be to buy MS63 or above on common date Morgans as there are MILLIONS of circulated specimens and MS coins are easily resellable. One real nice coin is WAY BETTER than ten mediocre coins. But then again, to each their own. Good luck!
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Pillar of the Community
United States
3184 Posts |
you did fine, I'd buy morgans in that shape for the price you paid
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Bedrock of the Community
United States
14454 Posts |
I think your grading is very close according to the pictures and I think you got the coins at a fair price as well so all in all I will say you did well for your first Morgan purchase.
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Valued Member
United States
344 Posts |
I appreciate your advice 1893S. I can see how the high grade coins would be a better investment and increase in value much quicker than the lower grade coins. I will keep your advise in mind.
Thank you for your reply mkman123 and Bryan1315. That's what I wanted to hear; I got a good value for the price I paid. It gives me faith in the shop where I purchased them.
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Pillar of the Community
United States
1770 Posts |
yea tg good buys and now you know you can trust the place you bought them at nothing like establishing a good relationship - gets you better deals as well
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Valued Member
United States
223 Posts |
They are good buys for a beginning collection. You can always use these coins to learn about Morgans and how to grade them. Common date coins can be had in high grades for a decent price once you move into the high dollar Morgans it quickly gets out of hand though.
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Pillar of the Community
Canada
987 Posts |
I think you did well on both coins pricewise. Your grades are fairly accurate too in my opinion.
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Replies: 9 / Views: 1,622 |
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Posted 06/04/2012 8:19 pm
