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1882-S + 1886-P Uncirculated Morgans

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Cruisinfusion's Avatar
United States
1531 Posts
 Posted 05/11/2014  7:54 pm Show Profile   Bookmark this topic Add Cruisinfusion to your friends list Get a Link to this Message Number of Subscribers
I picked these up at a New Orleans, Louisiana coin shop back during Easter weekend. They were both in MS63 Old NGC Holders. Cracked 'em out and going to submit them to PCGS when I get the chance.

What would you grade them?

1882-S-+-1886-P-Uncirculated-Morgans

1882-S-+-1886-P-Uncirculated-Morgans

1882-S-+-1886-P-Uncirculated-Morgans

1882-S-+-1886-P-Uncirculated-Morgans
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NathanASE's Avatar
United States
1511 Posts
 Posted 05/11/2014  8:11 pm  Show Profile   Bookmark this reply Add NathanASE to your friends list Get a Link to this Reply
They're both solid MS-63's... The NGC slabs were spot on. Well... The 86 may get a +... I'm not sure I could justify a 64 but it's definitely a higher end 63. I'm curious why you cracked them just to resubbmit? Registry set? Otherwise I don't understand why? I crack most slabs too... But surly not to resubbmit... Unless it's a very high value coin and I'm looking for an upgrade... Personally I'd leave um raw...
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Cruisinfusion's Avatar
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1531 Posts
 Posted 05/11/2014  8:23 pm  Show Profile   Bookmark this reply Add Cruisinfusion to your friends list Get a Link to this Reply
Working on a PCGS Morgan date set and, after that, I'm going to work on getting the rest of the mintmarks, too.

What do you think is holding the 1886 back from a MS64?
Edited by Cruisinfusion
05/11/2014 8:26 pm
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denco7's Avatar
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2543 Posts
 Posted 05/11/2014  8:31 pm  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply

Quote:
What do you think is holding the 1886 back from a MS64?


I would say some pretty deep bag marks.
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Cruisinfusion's Avatar
United States
1531 Posts
 Posted 05/11/2014  8:37 pm  Show Profile   Bookmark this reply Add Cruisinfusion to your friends list Get a Link to this Reply
It has a pretty spotless reverse and only a few marks on the obverse. Here's a PCGS MS63 in photograde, the 1886 looks a lot better.

1882-S-+-1886-P-Uncirculated-Morgans

1882-S-+-1886-P-Uncirculated-Morgans
Edited by Cruisinfusion
05/11/2014 8:41 pm
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NathanASE's Avatar
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1511 Posts
 Posted 05/11/2014  8:47 pm  Show Profile   Bookmark this reply Add NathanASE to your friends list Get a Link to this Reply
That's a low end 63.... The 86 is a high end. It has enough bag marks to hold it back from a 64... Like I said, it may get a +... But it's still a 63. And unfortunately for US coins the reverse doesn't matter nearly as much... I have many that are spotless reverses with baggy obverses.
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 Posted 05/11/2014  8:48 pm  Show Profile   Bookmark this reply Add chasingtailbar to your friends list Get a Link to this Reply
63+, 63.

Bad idea to crack them. CAC would have been a better option if they were in fatties.
Edited by chasingtailbar
05/11/2014 8:52 pm
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zxcccxz's Avatar
Canada
5417 Posts
 Posted 05/11/2014  8:50 pm  Show Profile   Bookmark this reply Add zxcccxz to your friends list Get a Link to this Reply
I'd stay at MS-63 for both. Maybe MS-63+ for the 86. In my opinion you shouldn't have cracked them out and they would've gotten a larger premium in the old holders.
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Cruisinfusion's Avatar
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1531 Posts
 Posted 05/11/2014  9:01 pm  Show Profile   Bookmark this reply Add Cruisinfusion to your friends list Get a Link to this Reply
I'm not looking to sell them. The purpose of these is for me to keep them in my collection for years, so I don't mind too much about premium.
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dave700x's Avatar
United States
10625 Posts
 Posted 05/11/2014  9:06 pm  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
I think the '82-S has a better shot at 64 than the '86. There's some hard hits on the nose and eyebrow of the '86. Both are solid 63's.
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NathanASE's Avatar
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1511 Posts
 Posted 05/11/2014  9:15 pm  Show Profile   Bookmark this reply Add NathanASE to your friends list Get a Link to this Reply
I also agree with all that chasingtailbar and zxcccxz.... I wouldn't have cracked them at all as the grades were spot on. I guess I can understand working on a PCGS set, though personally I wouldn't... I don't get the hype
with PCGS and don't think the koolaid... I mean premium, will last forever.

And in all honesty though PCGS sometimes carries a premium, A- it's usually for high value coins, and B- IMHO and arguably, ANACS is the leader regarding Morgans (and varieties) so as I, like many here primarily collect Morgans, I actually prefer ANACS. Will I buy other slabs? Sure... But definitely not for a premium over anyone else, but I absolutely prefer raw coins. And unless the coins worth over $500 I'll more often than not crack it and leave it raw. And I surely don't find ANACS nor NGC to be inferior in any way... Though I do admit there is a premium for nice PCGS coins I don't see why

I just think if your working in a PCGS set your really restricting your options if you only buy PCGS, or wasting money if you buy other slabs and resubbmit them as aside of the slab there's no difference... And that's money that you could be buying more coins with, lol.. You'd be better off buying already slabbed PCGS coins or straight up raw...

And just a heads up but photo grade isn't always spot on, just a reference.. And there's a huge variance within grades while they only show one example

Edit- Dave posted while I was typing, but that's exactly what I was seeing that would hold it back, those nose it's are quite bad and in the main focal point. If your not worried about the premium then I'm more curious as to why only PCGS? Just so the whole set matches? It really seems like your restricting your options without wasting money. Again, if your going to crack them and pay the fees to cross/resubmit them youd be better off buying PCGS plastic to start with or raw .... Raw because you can get them for less than any slabbed coin and then with the submittion fee you'd still be below what the slabbed coin you bought cost... Or PCGS already.. Some of my nicest Morgans are either raw or in ANACS slabs .... But hey, to each his own... If you've got the money to blow and it makes you happy then that's all that matter I guess ..
Edited by NathanASE
05/11/2014 9:22 pm
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 Posted 05/11/2014  10:26 pm  Show Profile   Bookmark this reply Add chasingtailbar to your friends list Get a Link to this Reply
I've seen way too many overgraded morgans in ANACS holders... PCGS is the de facto leader and they're the only company I send my raw Morgans to... why would I send mine anywhere else? The extra couple bucks in grading fees is easily covered by the so-called koolaid.
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flippy's Avatar
Australia
1874 Posts
 Posted 05/11/2014  10:35 pm  Show Profile   Bookmark this reply Add flippy to your friends list Get a Link to this Reply
MS63 on both
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Cruisinfusion's Avatar
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1531 Posts
 Posted 05/11/2014  10:53 pm  Show Profile   Bookmark this reply Add Cruisinfusion to your friends list Get a Link to this Reply
Thanks everyone.

A little learned
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CoinsKelly's Avatar
United States
3453 Posts
 Posted 05/12/2014  10:44 pm  Show Profile   Bookmark this reply Add CoinsKelly to your friends list Get a Link to this Reply
Just curious, which store in New Orleans did you get them?
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Cruisinfusion's Avatar
United States
1531 Posts
 Posted 05/17/2014  10:06 pm  Show Profile   Bookmark this reply Add Cruisinfusion to your friends list Get a Link to this Reply
Mr. Cohen's and sons, or something like that
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