1887 Toned Morgan - Page 3 - Coin Community Forum

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Author	Replies: 39 / Views: 3,995	Page: of 3

westcoin Pillar of the Community United States 9792 Posts	Posted 06/29/2014 03:06 am Quote: No, you won't. You'll only know what they think, and as I mentioned they err on the side of caution. I agree with SsuperDdave, unfortunately PCGS would err on the side of caution by labeling this one details with a 91 code (Altered color or Questionable color). THey can't guarantee it, and nobody can really. The cost would out weigh the value in the long run for that type of grading 98% of the time, and those aren't betting odds in favor of the coin passing into a good salable holder. You'd be looking at a $25.00 grading fee for secure at economy (slow boat) plus membership costs, and shipping + insurance. Probably end up spending around $55+ on this coin minimum. Only the owner can decide if it's worth the gamble. As to the downside as SD and I both agree it will most likely be marked as AT making the coin worth 40-60% of market value in a holder like that. "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 Report this Post to the Staff
damcon3 Valued Member United States 93 Posts	Posted 06/29/2014 4:02 pm Plus there will be a photo record of that coin being in a details slab. Report this Post to the Staff
chasingtailbar Pillar of the Community 968 Posts	Posted 06/29/2014 6:40 pm Honestly, if you asked a dealer to piggyback this coin for you, they'd probably refuse if they're sending anything else toned. One obviously AT a coin might get a whole submission tossed as AT if there are coins with similar colors, even with natural progressions, which your coin doesn't have. TLDR; Good luck getting anybody to piggyback that coin for you, you'll have to pony up for a membership and whatnot on your own. Report this Post to the Staff
noD Pillar of the Community United States 1584 Posts	Posted 06/30/2014 09:13 am Jmb78blue, you ask in your original post "what it might grade" Are you looking for the opinion of a TPG? I agree this coin would most likely get a details grade from the TPGs. I wouldn't submit it to any of them. Who cares what the TPGs might have to say about this coin? Their hands are tied. Smart buyers/collectors ignore the assigned TPG grade and focus only on the coin anyway. If you plan to keep it, enjoy it. It's a great looking coin with an interesting history. If you plan to sell it, you'd have no problem getting a good price for it. Thanks for posting it here. Edited by noD 06/30/2014 09:15 am Report this Post to the Staff
chasingtailbar Pillar of the Community 968 Posts	Posted 06/30/2014 12:56 pm Quote: Jmb78blue, you ask in your original post "what it might grade" Are you looking for the opinion of a TPG? I agree this coin would most likely get a details grade from the TPGs. I wouldn't submit it to any of them. Who cares what the TPGs might have to say about this coin? Their hands are tied. Smart buyers/collectors ignore the assigned TPG grade and focus only on the coin anyway. If you plan to keep it, enjoy it. It's a great looking coin with an interesting history. If you plan to sell it, you'd have no problem getting a good price for it. Thanks for posting it here. I mean no offense by this, but attitudes like yours are the reason we have individuals blatantly AT'ing and destroying coins that are otherwise nice, original specimens. If you want to continue to support that crap, by all means, go ahead. Report this Post to the Staff
noD Pillar of the Community United States 1584 Posts	Posted 06/30/2014 2:43 pm chasingtailbar, you mean no offense? Attitudes like mine are causing people to AT? Really? Edited by noD 06/30/2014 2:53 pm Report this Post to the Staff
chasingtailbar Pillar of the Community 968 Posts	Posted 06/30/2014 3:25 pm If the market as a whole raises their standards, the AT'ers will just be wasting their money and time, and will stop. The people who say "who cares if it's AT or not" and buy those kind of coins are the reason why AT'ing is popular. I dip every AT'ed coin that I buy, and before you say it, I only pay a buck or two over melt for them. Edited by chasingtailbar 06/30/2014 3:27 pm Report this Post to the Staff
noD Pillar of the Community United States 1584 Posts	Posted 06/30/2014 3:55 pm I never said I don't care if a coin is AT or not. Please don't twist my words. TPGs err on the side of caution. This is exactly what they should do. Only the OP knows the history of this coin. I have no reason to doubt the veracity of the story. You seem 100% sure the posted coin is AT. I am not and would never claim to know 100%. The TPGs must make a call when a coin is submitted. This coin would most get the QC stain. Why send it to be rejected by a TPG? I enjoy collecting coins. I am not anti TPG, but TPGs are not and I hope will never be the be-all and end-all. Report this Post to the Staff
chasingtailbar Pillar of the Community 968 Posts	Posted 06/30/2014 4:06 pm It's science, once you understand the science behind natural toning, you'll realize that toning patterns and progression on the posted dollar are simply not possible without exposure to chemicals and/or substances that greatly accelerate the toning process. Simply said, there is no way the OP's coin toned from being in a kraft envelope for 30 years. I'd bet a thousand dollars on that, no problem. Report this Post to the Staff
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