1889 Morgan Dollar #2 - Page 2 - Coin Community Forum

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Author	Replies: 17 / Views: 2,538	Page: of 2

westcoin Pillar of the Community United States 9793 Posts	Posted 07/12/2014 05:45 am I agree with some of what chasingtailbar said, though I'm leaning more towards this being a raw coin, not in a TPG holder, and a being a solid MS63, it's better than a MS62, and might even make it into a MS64 holder at PCGS in 1 out of 5 tries. The obverse strike holds it back, as do the hairlines on the cheek, 1889-P's usually come dripping with luster in high grades. It is a coin that was found in the 1960 government sell off, in large uncirculated bag quantities. The reverse on this coin is much stronger and probably was struck from newer dies as SuperDave points out, but... to paraphrase James Halprin; he says it well on grading coins - "A strong obverse strike free of marks will carry a coin to high grades, even one with reverse marks, while a strong reverse strike that is mark free, will add exactly 0 points to the grade." Maybe I didn't get his quote exactly correct, but that is the gist of it, especially with Morgans. Edit to add - Supgog; at $43.00 you did just fine! "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 Edited by westcoin 07/12/2014 05:47 am Report this Post to the Staff
Lucky Cuss Pillar of the Community United States 4883 Posts	Posted 07/12/2014 10:19 am Even allowing for about half the mintage being melted down, the 1889 is still an extremely common Morgan, maybe exceeeded only by the 1921's in that regard. So for pricing, unless it's absolutely problem free (which I'm not at all sure this one is), I'd be looking at such on a "melt +" basis. If raw, $43 is retail, neither a bargain nor a ripoff, probably in reality a gamble. If submitted, and it came back MS64*, then you're in the money. If on the other hand it graded "Genuine Uncirculated Details" then it's a loser, especially considering the additional expenditure to certify it. As I said earlier here, I could see it going either way. Colligo ergo sum Report this Post to the Staff
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