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 Replies: 19 / Views: 2,622 |
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Valued Member
United States
415 Posts |
Hey, I am thinking about picking up an 1891 PROOF AU DETAILS Morgan. Its by no means an attractive coin. What would you pay?   Edited by Copper Penny Connection
06/17/2015 12:59 pm
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Moderator
 United States
23522 Posts |
Well, a similar coin hammered for just under $500 at Heritage last December, although it was damaged and that includes the house cut. I certainly wouldn't want to reach past that for an impaired Proof.
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Valued Member
 United States
415 Posts |
Thanks SSuperdDave. Thats about the price tag on it. (mid $500's). With morgans being so popular, and increasing demand everyday, I feel like picking up proofs, problems or not for under 6-700 cant hurt. Could be strong investment coins with such low mintage figures.
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Pillar of the Community
United States
6478 Posts |
What is details about it?
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Rest in Peace
United States
2668 Posts |
I'm no Morgan expert, please explain what is 'proof' about this coin and what is 'AU'? I'd save my money, unless you have an empty hole begging for it. Then about $150, maybe. I am not a reliable source on this, don't quote me.  |
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Pillar of the Community
 United States
5828 Posts |
It was a proof coin, it was most likely cleaned at some point and put into circulation. Or, it was just put into circulation and they gave it a details grade for being an impaired proof.
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Pillar of the Community
United States
6478 Posts |
Proof is the way the dies are prepared and how the coins are made. Proof coins are made for collectors and with limited mintage. AU is a condition. almost uncirculated.
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Rest in Peace
United States
2668 Posts |
OK, maybe a Benjamin. I don't see it. Sorry.
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Pillar of the Community
United States
1554 Posts |
I wouldn't pay much for it. A problem coin is a problem coin is a problem coin. Wait for a nice one if you want a proof Morgan. They are available, you just have to save and spend a little more $$$ to buy one.
Edited by 1893S
06/17/2015 10:05 pm
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Pillar of the Community
United States
1788 Posts |
Quote:
What is details about it? The huge rim bump on the obverse at 6:00. |
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Pillar of the Community
United States
4692 Posts |
I wouldn't buy it. If the spots on the obverse are corrosion they will only get worse with time, eating into it.
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Pillar of the Community
United States
1704 Posts |
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Pillar of the Community
United States
4932 Posts |
It can't possibly be AU details if it's a proof...
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Pillar of the Community
United States
6478 Posts |
Proofs did circulate if one was accidentally spent.
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Pillar of the Community
United States
6370 Posts |
I personally do not like this coin, and I would regret spending more than $200 on it. It is rare, which is why it may be appealing to you, but I would spend my money on something else that would be easier to resell if I ever have to.
Edited by TypeCoin971793
06/19/2015 08:17 am
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Valued Member
United States
415 Posts |
proof coins can be AU or any grade for that matter. This coin is details from probably a combo of issues, Cleaned and scratched ect... Thank you for everyone's input. I'm still going back and fourth on it, as $500+ is a lot for a problem coin.
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Replies: 19 / Views: 2,622 |
Posted 06/17/2015 1:41 pm
