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New To Collecting, Just Bought Some Things.

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New Member

United States
13 Posts
 Posted 08/07/2014  08:08 am Show Profile   Bookmark this topic Add CtrlAltElite to your friends list Get a Link to this Message Number of Subscribers
Long story short, found an old 1929 gold indian head mixed with a bag of pennies at my parents house. (Passed last year) along with some other Morgans and silver. Had indian graded which turned out to be ms62. That got me started. I really enjoy the differences of the old morgans and have been scouting locally and online for some. Not buying as an investment, more for its something interesting to hand down to the kids later in life. 20+ years. Here's what I've got.

1929 indian which was mixed in penny bag. Just didn't look right.

New-To-Collecting,-Just-Bought-Some-Things.

Bought these this week.

http://www.ebay.com/itm/291210160161 ($57 shipped)
http://www.ebay.com/itm/231298920047 ($43 shipped)
http://www.ebay.com/itm/181371265718 ($77 shipped)
http://www.ebay.com/itm/321463521136 ($175 shipped)
Edited by CtrlAltElite
08/07/2014 08:11 am
Pillar of the Community
kanga's Avatar
United States
5825 Posts
 Posted 08/07/2014  08:34 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
Heck of a start!
Only problem I see is that the listing for the SLQ didn't show the reverse.
Pillar of the Community
zxcccxz's Avatar
Canada
5417 Posts
 Posted 08/07/2014  08:42 am  Show Profile   Bookmark this reply Add zxcccxz to your friends list Get a Link to this Reply
That's an amazing start, I didn't have any gold in my collection until I was 2 years into the hobby.

Those are some nice purchases and will get you to a good start, stick around our forum and read our topics on Numismatic Crime, Forgeries and other related info to keep you updated.

And feel free to ask, to CCF!
Edited by zxcccxz
08/07/2014 08:42 am
Bedrock of the Community
United States
20753 Posts
 Posted 08/07/2014  10:42 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Great start but when starting with Gold, you have to have a lot of money. Good luck.
Valued Member
Oysterk's Avatar
United States
88 Posts
 Posted 08/07/2014  11:10 am  Show Profile   Bookmark this reply Add Oysterk to your friends list Get a Link to this Reply
Wow! That's a great find, especially from a bag of pennies.
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Darth Morgan's Avatar
United States
2815 Posts
 Posted 08/07/2014  11:18 am  Show Profile   Bookmark this reply Add Darth Morgan to your friends list Get a Link to this Reply
Love the DPL Morgan. I WILL get one of those at some point. I think the raw 1886 Morgan is probably AT, but it is still Purdy. You're off to a great start.
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Cruisinfusion's Avatar
United States
1531 Posts
 Posted 08/07/2014  11:37 am  Show Profile   Bookmark this reply Add Cruisinfusion to your friends list Get a Link to this Reply
One of your first Morgans a DMPL...

Your first numismatic coin a Gold Indian...

But since you're a beginning collector, I would suggest sticking to slabbed coins and trusted dealers on the Bay, because many sellers can be deceptive . Here's a few trusted places to get nice coins:

http://www.coastcoin.com/ (personally purchased from them)
http://www.coinbuys.com/ (personally purchased from them)
http://www.joeldrettew.com/ (used to be fastcoin.com) (personally purchased from them)
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edweather's Avatar
United States
7375 Posts
 Posted 08/07/2014  11:37 am  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply


I like the fact you immediately sent the Indian TPG. I was intimidated by the paperwork for about a year before I took the plunge.

This forum is teriffic. Lots of people willing to help. I've made a few minor mistakes because I was afraid to ask for advice here before I bought.
Pillar of the Community
Jon Brand's Avatar
United States
1023 Posts
 Posted 08/07/2014  12:04 pm  Show Profile   Bookmark this reply Add Jon Brand to your friends list Get a Link to this Reply
Great looking coins! I have a thing for those Indians so naturally I like that the most. The quarter is cool too. You have a good eye.
Pillar of the Community
968 Posts
 Posted 08/07/2014  2:52 pm  Show Profile   Bookmark this reply Add chasingtailbar to your friends list Get a Link to this Reply
Nice gold, the SLQ doesn't look bad either, although you definitely paid pretty much retail on it.

Now for the bad news.

The '86 Morgan is AT, and junk, worth about $20.
The '81-S Morgan looks whizzed/polished. It's not a product of the scan, either, the coin definitely isn't problem free. Combine that with a $100 price tag... ouch.
The '86 DPL Morgan doesn't look to have great mirrors to me. At $175 it's not a bad deal, but you could probably do better for your money, unless the images are poor and the mirrors/frost are better in-hand.

If you can, I'd return the '81-S and both '86's and pick up a nice 63DMPL with heavy mirrors and frost. You'll pay a premium, but you're getting a PQ coin.

Here's a nice one that sold for $350.

http://www.ebay.com/itm/131242233066

If it went to auction I bet you could get it for right around $300, or $25 more than what you paid for those other two.

Actually, I just looked around, found this on GC.

http://www.greatcollections.com/Coi...-63-DMPL-OGH

I like that coin a lot. The reverse marks to the right of the eagle probably keep it to a 63, but the cheek is easily that of a 64, and that is a major focal point on Morgans. If you bid on this, you'll be competing against me, I just bid on it and added it to my watch list. :)

If you prefer NGC, this one looks nice too.

http://www.greatcollections.com/Coi...C-MS-63-DMPL

Just some friendly advice, we all make mistakes in the early days... at least you will see your mistakes and hopefully learn from them.
Edited by chasingtailbar
08/07/2014 3:16 pm
Pillar of the Community
wheatchaser140's Avatar
United States
2368 Posts
 Posted 08/07/2014  3:07 pm  Show Profile   Bookmark this reply Add wheatchaser140 to your friends list Get a Link to this Reply
That's quite a way to kick off a new hobby! Cool.
Valued Member
Catbert's Avatar
United States
72 Posts
 Posted 08/07/2014  3:13 pm  Show Profile   Bookmark this reply Add Catbert to your friends list Get a Link to this Reply
Great to see a new collector join the hobby. These boards are a great source of info and will help you in your journey. Welcome!

P.S. I use those zip locking sleeves too for my slabs, but I cut the seal part to allow the coin/slab to breathe. I simply use the sleeve to protect the plastic from scratches.
Edited by Catbert
08/07/2014 3:15 pm
New Member
United States
13 Posts
 Posted 08/07/2014  3:50 pm  Show Profile   Bookmark this reply Add CtrlAltElite to your friends list Get a Link to this Reply
^ Chasingtailbar, thanks for the head up. Def took the wind out of my sail knowing the 86' toned morgan isn't real. I dont have either the 86' or 81'-s yet, but once I do ill take to local shop to see what they have to say. Good news is I can return both.

The 86' DMP is really nice in person. Much better than ebay pics.

heres are some pics of the coin. Just got it today.

New-To-Collecting,-Just-Bought-Some-Things.

New-To-Collecting,-Just-Bought-Some-Things.

New-To-Collecting,-Just-Bought-Some-Things.

New-To-Collecting,-Just-Bought-Some-Things.

New-To-Collecting,-Just-Bought-Some-Things.

New-To-Collecting,-Just-Bought-Some-Things.

New-To-Collecting,-Just-Bought-Some-Things.

New-To-Collecting,-Just-Bought-Some-Things.

New-To-Collecting,-Just-Bought-Some-Things.
Pillar of the Community
968 Posts
 Posted 08/07/2014  4:00 pm  Show Profile   Bookmark this reply Add chasingtailbar to your friends list Get a Link to this Reply
Personally, I don't like the obverse enough to call that DMPL... It appears to lack those deep, watery mirrors and contrast. Here's a quick shot of a DMPL I have laying around;

New-To-Collecting,-Just-Bought-Some-Things.

That's the kind of look you want in a DMPL... note the lack of cartwheel, the mirrors bounce most of the light off them instead of shining like a regular Morgan will.




Do yourself a favor and test the mirrors out. Go find a ruler, lay the slab down flat, and put the ruler on top, perpendicular to the slab. See how many inches you can clearly read. For a true DMPL, that should be at least 6 inches, preferably closer to 8.
Edited by chasingtailbar
08/07/2014 5:15 pm
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Coinstar's Avatar
United States
1510 Posts
 Posted 08/07/2014  5:08 pm  Show Profile   Bookmark this reply Add Coinstar to your friends list Get a Link to this Reply
i have alot of morgans but what is the "DMPL?" and "DPL"
Retired USAF 1983-2003
New Member
United States
13 Posts
 Posted 08/07/2014  5:20 pm  Show Profile   Bookmark this reply Add CtrlAltElite to your friends list Get a Link to this Reply
pretty sure, NGC refers to "Deep Mirror Prooflike" coins with the designation (DPL) whereas PCGS refers to them with the designation (DMPL), but I'm new so dont quote me on that
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