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 Replies: 19 / Views: 2,902 |
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Valued Member
United States
206 Posts |
I have inherited some Morgan dollars which are in very high grade (about MS 66) I was wondering if I should send these out to be slabbed, or if it would be okay to put them in my Dansco album. Thank you in advance, Ben |
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Pillar of the Community
United States
7123 Posts |
What are the dates ? Mints ?
I personally do no like slabbed coins ,,but if the date and mint warrant it then of course that particular coin should probably be slabbed ,,as for Dansco albums I don't use them but they seem to have a good user rating from what I have read here by those who do .
I use airtites .
Metalman
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Bedrock of the Community
United States
12437 Posts |
What makes you think that they are MS66? That is a pretty lofty grade for most Morgans(or any large dollar coins for that matter) and even the common ones in that grade are worth hundreds while many are in the thousands of dollars. If they are not slabbed by a reputable TPG, that grade is very suspect- I wouldn't get your hopes up too much. If they truly are MS66, they probably shouldn't be in an album due to lost value if they get slide hairlines or anything like that. |
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Valued Member
United States
346 Posts |
My God i would like to see some pics. of those ! i'd kill for a ms64 dmpl best I have is a 63 dmpl VAM |
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Bedrock of the Community
United States
14454 Posts |
if there is any chance of them grading MS-66 then even a common date would be worth submitting for grading in my opinion. I have a few 66's and 67's but I can tell you they didn't come cheap
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Valued Member
 United States
206 Posts |
Okay, well I might have exaggerated a tiny bit but not by much. I would guarantee that they are at least MS 63. These are GEM BU.
I'm kinda new on Morgans so please help me out here. The dates are:
1880-S (Looks Proof)
1884-O
1885-O
1886
1921 (Common Date I think)
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Valued Member
United States
206 Posts |
I would guess upon my knowledge so far that these coins are between MS 63 to MS 64. The highest grade coin is deffinately the 1880-S. I'm not sure if it is proof or not. It looks as though it is, but I think that they're called "Proof Like." This coin I would say is between MS 65 and MS 66
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Pillar of the Community
United States
2600 Posts |
 Whats a couple of points amongst friends, anyway. Jim  |
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Valued Member
United States
346 Posts |
These values are for pcgs slabbed coins only. and they are the top dollar value. You can expect to get less if selling. 1880-S ms63 $45.00, ms64 $60, ms63 pl $60, ms64 pl $115 ms65 $150 ms 65 pl $285 (more if coin is dmpl) the 84-0 and 86 are the same value as above. 1921 is 5 to 10 dollars more based on above values/cond. Best to try and get a decent grade on them first and then go from there to see if worth slabbing. Seeing as you are new to morgans and do not want to put too much on your plate at once but..... There is a thing called a VAM. All morgans have them (die varieties) Some have many diff. vams (attributes) that add up to one big VAM. If certified, they can possibly make a list of the top 50 or one hundred vams for that particular date and are valued at a higher premium. Peace dollars also. But this is a whole nother area and it is a lot of work. They have books on it and also a site called vamworld. If you want to get your head spinning ck. it out :) Welcome to another of 1000 diff. chapters of the Coin World.... |
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Pillar of the Community
United States
986 Posts |
MS63-64 morgans are a completely different story. I wouldn't bother getting those slabbed, since the cost of slabbing would be half of the value of the coin. Just not worth it. Also, we'll still need some pics if the 1880-s is as good as you claim it is. It is definately NOT a proof, I'll tell you that right now since there are no 1880-s proofs. At MS65+ it becomes worth the slabbing fees, IMO.
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Bedrock of the Community
United States
14454 Posts |
I agree, I would never send a coin in for slabbing that wasn't atleast a MS-64 or above, and it would have to be something like a 1878 to send in a MS-64 (something where the value is around 200.00 or above) Most common dates like the ones you mentioned are just not going to be worth very much unless they are super duper high grades. The 1880-S is one of the best struck coins in the morgan series and its fairly easy to find MS-66-68 coins from this date and mint Edit: this is the highest graded 1880-S I have ever seen (but this should give you a example of just how well these coins were struck)  |
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Valued Member
United States
206 Posts |
"The 1880-S is one of the best struck coins in the morgan series and its fairly easy to find MS-66-68 coins from this date and mint."
So are you saying that it would be possible that I may have a MS 66 coin here? It is in extremely excellent condition, and I know for a fact that its up there on the grading scale. My others may be around MS 63 or maybe MS 64 but the 1880-S is higher quality.
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Bedrock of the Community
United States
14454 Posts |
well technically yes, but since they are so sharply struck it is also harder to get a accurate grade on them IMO because they grade them so tightly because all of them they see are in such pristine condition. I honestly don't think any 1880-S Morgans ever saw any circulation because every one I have ever seen was UNC and usually on the upper scale of the UNC grades. Thats why their price is so low even in super high grades
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Bedrock of the Community
United States
19930 Posts |
quote:
The highest grade coin is deffinately the 1880-S. I'm not sure if it is proof or not. It looks as though it is, but I think that they're called "Proof Like."
Since you're new to Morgans....you gotta watch those. I've seen a lot of them that "look good" in piles of junk silver in shops. Apparently, a lot of people thought it was a good idea to polish them. I can hear the wife now..... "Honey, I was cleaning and decided to polish those dull old coins of yours. Oh, and look how nice the candle sticks came out." LOL |
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New Member
United States
31 Posts |
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Pillar of the Community
United States
2254 Posts |
quote:
What is "slabbing"?
Good question and not the easiest one to answer in short. Bottom line, there are four well known TPG's(Third Party Grading Companies) out there. PCGS, NGC, ANACS, and ICG. I have listed these also in pretty much their "respected" orders for grading ability and selling values. Of course, there is always the exception to the rule, but this is pretty much market accepted right now. These companies, as well as others, will take your coin upon submittal, and have "experts" attach a grade to them and encapsulate for you. They are loved and hated by many. The best feature of the top four is the fact that they are authenticated. There are a lot of fakes out there, and buying a slabbed coin can usually give you the peace of mind that you are getting what you are paying for. There are also a lot of "basement slabbers" out there. The plastic holders can be bought from supply stores, and anyone can make up a catchy name and print out a sticker, and put a coin in it. If you're going to buy a slabbed coin, it is highly recommended that you buy from one of the top four. As a general rule that most use, "buy the coin, and not the slab". You really need to know the series and be familiar with it prior to buying or you can easily be taken for a decent amount of money. This will probably produce more questions by you, so ask away. There are no stupid questions here. If you browse through the older topics here, you will also find a wealth of knowledge. |
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Replies: 19 / Views: 2,902 |
Posted 11/16/2007 12:34 pm
