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 Replies: 45 / Views: 4,297 |
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Pillar of the Community
United States
1531 Posts |
I'm anticipating the return of the coins I sent to PCGS soon. Most of the coins I sent's price doesn't depend too greatly on the grade.... Except for one.
It's an 1879 Philadelphia Morgan.
It's a beautiful coin and you all graded it. I had about 10 people say MS65, several say MS66, and a few say MS67.
In MS65, it would be an $850 dollar coin (According to PCGS price guide, a bit over what I'd get, but lets just stick with that for now). MS65+, $1,700.
In MS66, it would be a $3,200 coin. MS66+, a $7,500 coin.
In MS67, it would be a $45,000 coin. For MS67+, there's no price, but I'd say in the $60,000s.
As a very young collector, 14, with no more than $2000 in value in my entire collection, what should I do if it grades MS67?
What would you do if it graded MS67, or even MS66? Sell? Keep? If you sold it, what would you buy and why?
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Pillar of the Community
United States
9792 Posts |
Is it this one? https://goccf.com/t/172667My grade guess is MS64 or cleaned details UNC genuine, due to wipe marks or "thumbing" on the cheek. I sure hope I'm wrong for you but I call it as I see it. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Pillar of the Community
United States
2850 Posts |
I'd keep it only because you would have something a lot of people would never get the chance to own. By the way, do you have a link to the thread so I can see it? EDIT: Nevermind, it looks like westcoin posted a link to it.  Edited by WheatBack
04/16/2014 8:37 pm
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Pillar of the Community
 United States
1531 Posts |
Err, yeah, a lot of people have said that photo makes it look fake because it's so milky and white. I took the picture in broad daylight in natural light on a white notecard with my cellphone, so I dunno why it did that. It does have plenty of luster and the silvery look it should.
I don't have it with me because it is obviously at PCGS, so I can't take any pictures of it. It's been 17 business days since it arrived, so it should be soon. I'll post a picture of (1) the list of coins and their grades on the website when they grade and (2) the coins when they arrive back.
I will be very sad if it is MS64 because it will only be worth $100+ and I sure as heck did NOT pay $100 for it.
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Pillar of the Community
United States
3486 Posts |
Hypothetically, I would save it until I was ready for college and then sell.
I just put myself in your shoes.
For myself, I'd sell it and pay off outstanding loans.
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Bedrock of the Community
United States
20753 Posts |
Since your only 14 and if you already own that coin, I suggest when you get it back, find a nice place for it. You now have something that when your as old as most of the collectors on this forum, that coin alone will be worth a real lot of money. Not sure if you need money now but if not, great coin to start a really nice hobby.
You did say coin(s) didn't you. What else did you send? Sounds like your well on the way to be a really big coin collector. Again, if you don't need money now, find a nice place for your coins.
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Pillar of the Community
United States
1531 Posts |
I sent off three 1/10 oz 1999 gold eagles that my mom bought for me when I was born. I also sent off a VF Trade dollar and two MS63/MS64 Morgans. I plan on soon sending my 1915 P barber half (G), 1932 S Washington quarter (AU-MS), 1899 Morgan (AU), 1875-S 20 Cent (G), and maybe a few others. |
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Pillar of the Community
United States
1531 Posts |
Right now I'm keeping my slabs in a 50-slab aluminum case with two latches on the side to keep it closed with glass over the top so I can see them. http://www.amazon.com/gp/product/B0...e=UTF8&psc=1I really suggest this, but not really for NGC. They're a bit difficult to put in and pull out, but easy enough. |
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Bedrock of the Community
13014 Posts |
Honestly that would be a bridge it would cross when the time came. I would try not to get too caught up in those thoughts as it often leads to disappointment when the grades arrive.
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Pillar of the Community
United States
1531 Posts |
Well, you see, I'll be A-O.K. with whatever grade it gets. MS64 wouldn't make me too happy, but it doesn't change the coin!
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Pillar of the Community
United States
5206 Posts |
How soon are you looking to cash out? I am not an expert on Morgans but I don't think he 1879 Morgan is a rarity in and of itself by must be a conditional rarity. While there are a lot of Morgan dollar collectors all you need is a hoard to be found of MS coins to brings down a "conditional" rarity. If you are in it for the short run sell if it grades high enough and by some bullion. If you are in it for the long run sell it as well and take that money and buy a true rarity or key date coin like a 1916 SLQ, 1916D Mercury, 1909S VDB Lincoln, etc. that are key dates to series that also have a strong collector base which will support their future value. |
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Pillar of the Community
United States
1531 Posts |
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Bedrock of the Community
13014 Posts |
If it does hit a money grade sell it and put some in stocks if youre looking for an investment. If youre just looking for a nice coin an actual key date rarity would be a good place to look
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Pillar of the Community
United States
1277 Posts |
How much does it cost you to get these coins graded? Does it really make sense to submit coins worth less than $100?
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Pillar of the Community
United States
1531 Posts |
It's $20 per coin. As a birthday present, my step-father let me send 7 coins and he'd pay for them.
None of the coins I have submitted yet have been below $100 in value, except maybe one of the Morgans.
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Pillar of the Community
968 Posts |
Looks like a higher end 65, shot 66 to me. I personally don't think it will make 66. At 65, I'd be inclined to just hold it... it'll be a nice coin for your personal collection.
It doesn't have a chance at 67, so moot point... but if you find another and it makes 67, consign it to HA then take that money and invest in stocks with high yield. Dividend payments will give you income equivalent to having a crappy part-time job without the labor involved, and will cover student loan interest payments/books/etc while you get a proper degree.
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Replies: 45 / Views: 4,297 |
Posted 04/16/2014 8:35 pm
