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1896 O Morgan Dollar

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Bedrock of the Community
GR58's Avatar
United States
11951 Posts
 Posted 09/09/2014  5:52 pm Show Profile   Bookmark this topic Add GR58 to your friends list Get a Link to this Message Number of Subscribers
I was looking through my silver dollars and found this one.

In hand it has lots of luster, but is sort of soft looking.

Again .. it does look a little better in hand than it does in pics.

opinions as to .. if this coin has a chance to make MS-60
or better?
1896-O-Morgan-Dollar

1896-O-Morgan-Dollar
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wheatchaser140's Avatar
United States
2368 Posts
 Posted 09/09/2014  6:00 pm  Show Profile   Bookmark this reply Add wheatchaser140 to your friends list Get a Link to this Reply
It's close, I'll go MS-62 with a weak strike.
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Lucky Cuss's Avatar
United States
4883 Posts
 Posted 09/09/2014  6:10 pm  Show Profile   Bookmark this reply Add Lucky Cuss to your friends list Get a Link to this Reply
It has the look of a "slider" to me - AU58.
Colligo ergo sum
Pillar of the Community
United States
1554 Posts
 Posted 09/09/2014  6:15 pm  Show Profile   Bookmark this reply Add 1893S to your friends list Get a Link to this Reply
AU50, it's been around the block quite a few times.
Bedrock of the Community
GR58's Avatar
United States
11951 Posts
 Posted 09/09/2014  6:22 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
Interesting ... and right to my problem.

This is 1896O, there is a lot of price difference between
a AU50, AU58 and any MS coin. Trying to decide if it is
worth putting in the ... to be slabbed pile.
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westernsky's Avatar
United States
7616 Posts
 Posted 09/09/2014  6:26 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
Depending on the luster I'd give it a 61 to 63 grade. I don't think the pictures give a true representation of the coin.

"O" mint dollar coins are notoriously poorly struck

Whatever you do, do not clean it to try and make it look better!

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zxcccxz's Avatar
Canada
5417 Posts
 Posted 09/09/2014  6:28 pm  Show Profile   Bookmark this reply Add zxcccxz to your friends list Get a Link to this Reply
I'm at AU-55 with a slightly worn obverse die.
Rest in Peace
dave700x's Avatar
United States
10625 Posts
 Posted 09/09/2014  7:17 pm  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
I would put it in the pile. It looks one that would be worth a shot. AU55/58 would even be a win depending on what you paid for it.
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D0ubl3Eagle's Avatar
United States
5854 Posts
 Posted 09/09/2014  11:53 pm  Show Profile   Bookmark this reply Add D0ubl3Eagle to your friends list Get a Link to this Reply
The coin overall has the look of a MS and could possibly grade around a 63 but if it does have any wear it doesn't look like it would grade AU-58. Tough call. Definitely worth getting it slabbed.
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GR58's Avatar
United States
11951 Posts
 Posted 09/10/2014  12:19 am  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
What are opinions ... That a TPG ... like NGC, would they grade it different because of the higher value
this coin would have if it hit a MS grade?
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D0ubl3Eagle's Avatar
United States
5854 Posts
 Posted 09/10/2014  01:35 am  Show Profile   Bookmark this reply Add D0ubl3Eagle to your friends list Get a Link to this Reply
In MS, expect the TPG's to grade it a little tougher than common date morgans. They want reduce the likelihood of having to honor their guarantee if it someday submitted for a grade review.

I would send it to PCGS if I thought it has a good shot at grading 63 or better and if it is something that I would consider selling/trading in the future. Based on Heritage's archives, the difference between NGC and PCGS can be a few thousand dollars. Below about 61, they seem to sell for roughly the same. Keep us updated if you decide to submit because this has potential.
Edited by D0ubl3Eagle
09/10/2014 01:44 am
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westernsky's Avatar
United States
7616 Posts
 Posted 09/11/2014  06:38 am  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
I like the coin and think it is MS. The carbon spot gives it character and a unique marker. I also like the neat "lightning" die break running through "United". It has some scattered toning, too, which is appealing.

Definitely send it in for TPG. I think you will come out way ahead in the long run. Down side risk is minimal.
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CoinCollector2012's Avatar
United States
8137 Posts
 Posted 09/11/2014  07:38 am  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list Get a Link to this Reply
I think this one is a slider.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 09/11/2014  11:53 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
I couldn't in good faith come down on the side of Uncirculated for this one. Especially when that simple distinction instantly triples the value of the coin. It would require a set of huge images to try it from photography alone, for a Conditional Rarity like this issue.
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westernsky's Avatar
United States
7616 Posts
 Posted 10/09/2014  12:15 am  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
Any TPG update on the 96-O?
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GR58's Avatar
United States
11951 Posts
 Posted 10/09/2014  08:30 am  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
No sorry .. I a very slow ... Even have the cupon for five submission

Need to really get some coins sent in
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