Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Vancouvers #1 Coin and Paper Money Dealer Coin, Banknote and Medal Collectors's Online Mall Specializing in Modern Numismatics Join Thousands of Coin, Bullion, & Money Collectors 300,000 items to help build your collection! Royal Estate Auctions - $1 Coin Auctions








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Advice About A VAM 22 1885-P

To participate in the forum you must log in or register.
Author Previous TopicReplies: 8 / Views: 1,432Next Topic  
Valued Member
sjh241's Avatar
United States
386 Posts
 Posted 10/28/2012  7:26 pm Show Profile   Bookmark this topic Add sjh241 to your friends list Get a Link to this Message Number of Subscribers
I picked up a 1885-P Morgan which I noticed to be a possible VAM-22. I checked it out at home and I'm sure it is one. I'll get some pics up asap.
This VAM is on the hitlist 40.
The Morgan is MS-62 or better. I will ask for the community to grade it.
The question I have is that if it is a VAM-22, and in a grade of MS-62 or better, Should I send it off for grading?
If I send it off, it would be to PCGS. PCGS commands the better prices and I do not intend to sell the Morgan. I will pass it on to my kids who will decide to do with it what they want +20 years from now.
I also picked this Morgan up for $50.
Edited by sjh241
10/28/2012 9:37 pm
Pillar of the Community
aladinslamp's Avatar
United States
3076 Posts
 Posted 10/28/2012  10:12 pm  Show Profile   Bookmark this reply Add aladinslamp to your friends list Get a Link to this Reply
For one thing, the VAM is a common VAM, {two}" since its around MS62 the price of grading and attribution will certainly outrun the value of the coin......you will have twice the coins value into the coin.....not worth grading....
Valued Member
sjh241's Avatar
United States
386 Posts
 Posted 10/28/2012  10:16 pm  Show Profile   Bookmark this reply Add sjh241 to your friends list Get a Link to this Reply
Would it be worth sending off if the grade as at 63 or 64?
I thought as a hotlist 40 it would be worth the investment of slabbing it and sitting on it for 20 years or more.
Valued Member
sjh241's Avatar
United States
386 Posts
 Posted 10/28/2012  11:02 pm  Show Profile   Bookmark this reply Add sjh241 to your friends list Get a Link to this Reply
I know these pics are not good, but my boy has "hidden" the cable for my camera for the pc so my new pics cannot be loaded. Here are some pics of the Morgan:



Advice-About-A-VAM-22-1885-P


Advice-About-A-VAM-22-1885-P
Valued Member
TonedMo87's Avatar
United States
132 Posts
 Posted 10/29/2012  12:52 am  Show Profile   Bookmark this reply Add TonedMo87 to your friends list Get a Link to this Reply
That looks better then a 62 but its hard to tell. Post it in the grading section if you want more results.
Bedrock of the Community
Bryan1315's Avatar
United States
14454 Posts
 Posted 10/29/2012  07:37 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
I am not familiar with the selling price of the VAM-22 but judging by those pictures it looks allot better than a 62. I would say if that is a good representation of how the coin looks in hand it should be at least a MS-64 and may even be higher than that. I don't see any real hits on the coin and that is what brings the grade down in MS grades, the more hits the lower the grade. You of course have the placement of the hits that can cause a major drop in grades also but that is if they are in a main focal point and if they are very distracting to the eye. I don't see any hits on this coin in the photos except for around the date and the two marks right next to the hair line on the jaw but I am guessing there has to be some more somewhere since your first guess was a MS-62
Pillar of the Community
SeatedNut's Avatar
United States
2797 Posts
 Posted 10/29/2012  08:41 am  Show Profile   Bookmark this reply Add SeatedNut to your friends list Get a Link to this Reply
It's not even listed in the price guide. No premium, sorry.
Valued Member
sjh241's Avatar
United States
386 Posts
 Posted 10/29/2012  10:17 am  Show Profile   Bookmark this reply Add sjh241 to your friends list Get a Link to this Reply
I'll get some pics up in the grading section.
I don't know much about this VAM either, especially any premium pricing, but I was wondering if a hotlist 40 Morgan was worth slabbing in a good grade. I guess some are, and maybe this one isn't.
I did some e-bay research and I did see some sales for this VAM in the $300-400 range. These Morgans were being sold at a premium above their grade. I didn't know if this was common for this VAM or if a seller is just throwing up a price hoping someone would pay a premium for a coin that really doesn't merit one.
Pillar of the Community
aladinslamp's Avatar
United States
3076 Posts
 Posted 10/31/2012  12:43 am  Show Profile   Bookmark this reply Add aladinslamp to your friends list Get a Link to this Reply
please note: that these "lists" are not the top 100 of all time
vams, same with the hit list type 40 and 50....these are simply
neat vams that in which many can be easily found and some once in a life time coins to be found...such as the king of vams 1878 VAM 44 and 44A...many of the coins do not carry the premium over there normal grade could bring.....for example: if you paid say $60 bucks for a coin in grade MS62/63... that"s near the value of the coin, and sometimes worth less....I have not checked into the normal price of any common say MS62 or 62 coin recently, but I'm sure as ms 64 coins in common years is not all that high yet...my point is still the same...if you paid near the grade value and then submit it into grading and to attribute it it could cost you at a minimum of half of what you paid for the coin so in TOTAL you would have mor into the coin than what its street value is even being PCGS-ed or equivillant..

this is the same for ANY coin....weather its a good attribution of not..one has to consider the overall input of cost into the coin...
Please, I'm not to burst any bubbles here.. just simple mathematics on what goes into the over all costs of a coin.....This is why many an ungraded MS coin is not in third party holders...and for the many that are..."BY JOINING" one can get a number of free submissions, but this does not make the coin worth more....Hope you get the idea here...G
  Previous TopicReplies: 8 / Views: 1,432Next Topic  

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.32 seconds to rattle this change. Forums