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Morgan 45° Rotated (PCGS Ag03) Lowball On Major Error?!

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SsuperDdave's Avatar
United States
23522 Posts
 Posted 02/16/2015  9:52 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Oh, yeah, as far as grade it's probably one numeral too high to be of note as a Lowball. There are 4 in P01 and something like another in 20 in FR2, and it's an issue where more can be expected to be found without too much looking as they circulated heavily.
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westcoin's Avatar
United States
9796 Posts
 Posted 02/17/2015  12:54 am  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply

Quote:
A low grade does NOT AT ALL add a premium.


Absolutely WRONG! Almost all rotated dies can and do bring premiums on most coins, especially older classic coins pre 1950's. Morgan dollar collectors often pay big premiums for rotated dies. Check the auction prices from Heritage, ebay, VAM world, etc. if you don't believe me.

Some Heritage recent sales:

1886-O PCGS XF45 rotated $258.50 Sale Nov 23, 2014 Lot 27494 Retail Value of $60.00 for non rotated

1889-O PCGS XF40 rotated $193.88 Sale Jan 14, 2014 Lot 23379
Retail Value of $40.00 for non rotated

1901-O PCGS F12 rotated $352.50 Sale Jan 12, 2014 Lot 22679
Retail Value of $28.00 for non rotated
plus about 70 more just at Heritage...
"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
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BStrauss3's Avatar
United States
4603 Posts
 Posted 02/17/2015  09:10 am  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
As to how it circulated so long with nobody noticing? Most people don't look at their change, except to count it.
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
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thedollarman's Avatar
Canada
4911 Posts
 Posted 02/17/2015  4:21 pm  Show Profile   Check thedollarman's eBay Listings Bookmark this reply Add thedollarman to your friends list Get a Link to this Reply
yeah, plus putting away a dollar back in those days wasn't an option for most people.
Feel free to call me Will.
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