Another Orphan Morgan Adopted From "The Tray Of Shame"

Seems to have light wear, AU-55.

I'm at AU55 also

It's his dealer's cull tray, and he's snagged some really nice coins from it. Like this one.

Yeah, unfortunately he's too far away for me to muscle in.

The market's getting kind of crazy for stuff that'll certify at P01.

This dealer, as I've explained before, just really doesn't care much about raw common Morgans except to flip them, as they have bigger fish to fry with their clientele in other categories. The worst I've ever even seen them put out are at least solid XF, and my understanding is that the lesser grades are simply wholesaled. But it's pretty hit and miss, really, sometimes they've had a bunch for me to look through, and other times very few or even none at all.

I only get in there about once a week (it's about a 60 mile drive, one way) and I wonder what material comes and goes in between my visits. As I've also said before, they do have a retail counter, but most of their business is conducted via the internet and generally I'm the only person in there. Whenever someone else does comes in, it's usually for an appraisal or to sell to them, not as a customer. In fact, just last week while I was there, a fellow came in and bought 3 ASE's, and that was the first time somebody actually purchased anything in my presence for a very long time. They've mentioned some other regular buyers, but I've never seen them. But they consistently put these raw Morgans out on a tray with ordinary bullion type stuff that's all just of no particular interest to them. I don't know if you could call it exactly a cull tray, but it's as close to one as you're going to see in this particular establishment. I also don't know if they ever send any off to be certified, but I don't recall seeing but a handful of slabbed Morgans for sale there in all the time I've been going there, and they've always been older style holders.