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 Replies: 19 / Views: 4,318 |
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Pillar of the Community
United States
7390 Posts |
Hi guys, I bought a sealed national bank bag and found this guy in it, my first error morgan!... My questions are... how was this coin in circulation for sooo long without notice? and is it rare for a major rotated die morgan error to be so circulated & slabbed an AG03? Do u think the condition adds a premium to the coin because of rarity in this state or to lowball morgan collectors? Thanks   |
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Pillar of the Community
United States
6478 Posts |
A low grade does NOT AT ALL add a premium.
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Pillar of the Community
Russian Federation
5174 Posts |
Quote:
A low grade does NOT AT ALL add a premium. It definitely does for Morgans, because there's a major lowball collecting community. I'm not sure if this one is low enough, however. As for how it managed to get that circulated: most likely it was somebody's pocket piece way back then. I can imagine it just circulating, however; after all, it's not trivial to see a rotation error in the first place (I'd definitely know: there's a coin in my collection that I ch*rping pulled out for being an uncommon date - uncommon mintmark at that, and they're not particularly easy to distinguish for that type - and didn't notice it was like 130 degrees rotated until my dad pointed it out to me a week later). |
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Pillar of the Community
 United States
7390 Posts |
I found exact same yr, mm, same rot. In au58 I think that sold at heritage for around $350 a few yrs back where do u think mine lies in comparison? and thank you for acknowledging what a lowball is for the thread
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Pillar of the Community
Canada
4911 Posts |
this is a tough one, for morgans people love lowballs for their rarity but people always want their errors to be in high grade. kind of a dilemma. I think you would have no problem getting $225 or so from the right morgan collector.
Feel free to call me Will.
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Rest in Peace
United States
10625 Posts |
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Pillar of the Community
United States
7390 Posts |
My thoughts exactly about the dilemma dollarman That's why I'm posting here for opinions & discussion... I'll look into the VAM 17 dave, what diagnostics do u see? |
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Pillar of the Community
Canada
4911 Posts |
have you found records of this error and the condition they are in? perhaps you have the lowest grade for this year/mm rotation? in which case the right low ball collector would go nuts for it.
Feel free to call me Will.
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Rest in Peace
United States
10625 Posts |
Edited by dave700x
02/15/2015 8:51 pm
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Pillar of the Community
United States
7390 Posts |
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Pillar of the Community
United States
6385 Posts |
Very nice error coin. Personally I would be inclined to pay less for an error in worn condition. As stated, AG-3 really isn't low enough to get a lowball collector's motor running. If FMV for this coin in AU55 is $350 I'd expect an AG-3 to be worth less than $100. Just my "seat of the pants" guesstimate, of course!  |
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Moderator
 United States
23522 Posts |
Quote:If VAM 17 is 30° rotation then a 45° would not be that VAM... Not necessarily. A die rotates because it's loose. Therefore it can continue moving while striking. |
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Pillar of the Community
United States
7390 Posts |
I was thinking the same thing after I posted that, thanks for the clarification superdave!
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Pillar of the Community
United States
7390 Posts |
Worth less than a hundred?... I think that's quite a low estimate for any slabbed error morgan. I think $200-250 can be realized on this one
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Moderator
United States
23522 Posts |
My gut reaction for maximizing value is to get it in front of people who know Morgans. Rotated-die Morgans aren't really uncommon - a rotation over 90 degrees is usually required to command any major premium - but some dates exhibit the trait less frequently than others. You'd be depending on what seems to be relative rarity of this date to generate more premium.
There's no real central repository of information regarding rotated Morgans, though, so the pool of those in the know is relatively small.
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Moderator
United States
15441 Posts |
Nice coin indeed ...
Alas likely occupying the unfortunate market spot whereby it is not low enough in grade to excite the true low-ballers ... and too worn to excite the error fans.
David
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Replies: 19 / Views: 4,318 |
Posted 02/15/2015 7:21 pm
