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 Replies: 13 / Views: 1,050 |
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Pillar of the Community
Canada
933 Posts |
Auction ended lastnight. Did I make a mistake not purchasing this one? I do not like coins in these holders but this one looks to me like it is an MS 62, and then it has the E clash on the reverse, what do you guys think this one grades and should I have purchased it? http://www.ebay.com/itm/1886-O-Morg...em27cf2e23af |
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Pillar of the Community
United States
2543 Posts |
I personally think you did well to back off this one at that price
If it is in a NNC holder, you can almost be guaranteed that it is over graded. The obverse could be MS, but IMHO reverse is AU. Which would drop the price under the $800 price point.
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Rest in Peace
United States
10625 Posts |
Probably AU58 at best. I don't believe it would cross to MS at one of the real three. It would be a huge risk purchasing a semi key in one of those basement slabs and besides,if it were worth it someone would have purchased it.
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Pillar of the Community
United States
2130 Posts |
I wouldn't have pulled the trigger on this one either. You can guarantee that the basement slabs are without a doubt over graded.
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Pillar of the Community
United States
4337 Posts |
buying a coin slabbed by NNC is like buying a Shrimp Sandwich from the deli next to the Gowanus Canal...it's just not worth the pain....
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Pillar of the Community
Canada
3167 Posts |
Nope, you made the right decision!
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Pillar of the Community
United States
7840 Posts |
 Stick with the Top III (for U.S. coins) and you will do well! Edited by oih82w8
01/27/2013 11:10 am
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Pillar of the Community
United States
1339 Posts |
I agree.....Looks like a slider to me....These guys overgrade!! Just got rid of the last of my basement slabs yesterday at my favorite LCS...Big three for me from now on.....You did OK
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Rest in Peace
United States
10625 Posts |
What's really strange about this seller is they have sold many NNC 1886-O graded MS62. None of these coins show up as completed sales from centless. Could these sellers be one in the same?
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Pillar of the Community
 Canada
933 Posts |
Thanks for the reassurance
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Moderator
 United States
23522 Posts |
This is very much a borderline issue. Consider: E clashes are by a wide margin the hottest thing in VAMming, and you can expect high demand going forward. This is one of the hottest among them due to the strength of the clash.
That said, they're not uncommon at 55 and below. If this one slabs at AU58, it's worth every penny (and in MS you can pretty much set your own price), but the price drop to 55 is huge. The seller would have easily gotten his price had he drawn attention to the variety.
But no, I wouldn't have bought it either. And agonized about my decision for the rest of time.
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Pillar of the Community
Canada
933 Posts |
Ya I don't think he realized the clashed E cause his auction started at $545
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Pillar of the Community
Israel
2420 Posts |
I will risk going against the consensus, and say I think it was a fair price.
I was surprised to see that it wasn't graded as MS67+ DMPL( :P ), but IMO, this one is AU58, and might make MS.
Might be foolish, but I really like this coin.
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Pillar of the Community
United States
4989 Posts |
MS-62 is not a stretch for this coin - very little wear evident and good luster. AU-58 at worst
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Replies: 13 / Views: 1,050 |
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Posted 01/27/2013 10:43 am
