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1879 O Morgan

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Bedrock of the Community
Joseph7420's Avatar
Canada
11922 Posts
 Posted 07/30/2015  9:16 pm  Show Profile   Bookmark this reply Add Joseph7420 to your friends list Get a Link to this Reply
AU-58.
Pillar of the Community
noD's Avatar
United States
1584 Posts
 Posted 07/31/2015  3:17 pm  Show Profile   Bookmark this reply Add noD to your friends list Get a Link to this Reply
ICG gave it an MS60, which IMO is meaningless. Strike weakness would put it at MS62 or 63, wear would put it at AU 55 or 58. I lean toward AU. I'll take it to the next local coin show, more eyes on it won't hurt.
Thanks everyone for your opinions.
Edited by noD
07/31/2015 4:00 pm
Valued Member
United States
403 Posts
 Posted 07/31/2015  3:31 pm  Show Profile   Bookmark this reply Add CartwheelCollector to your friends list Get a Link to this Reply
ICG? I found the problem.
Bedrock of the Community
Coinfrog's Avatar
United States
94367 Posts
 Posted 07/31/2015  3:48 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Boy, that ended with a whimper!
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noD's Avatar
United States
1584 Posts
 Posted 07/31/2015  4:11 pm  Show Profile   Bookmark this reply Add noD to your friends list Get a Link to this Reply

Quote:
ICG? I found the problem

What problem?
I doubt many of us buy coins bases solely on the opinion of ICG or any other TPG.
Edited by noD
07/31/2015 4:11 pm
Rest in Peace
dave700x's Avatar
United States
10625 Posts
 Posted 07/31/2015  4:17 pm  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
I have several Morgans in ICG slabs. The most recent was a retro black insert that looks really nice. I actually like their holder design over all others.
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Cascade's Avatar
United States
7390 Posts
 Posted 07/31/2015  4:25 pm  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
Looks 63 all day long and twice on Tuesday. I wonder what gives, we must not be seeing something with those pics
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Cascade's Avatar
United States
7390 Posts
 Posted 07/31/2015  4:28 pm  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
... Actually, I bet they mistook it for circulation wear and thought they were being generous. Now that's hilarious
Bedrock of the Community
Coinfrog's Avatar
United States
94367 Posts
 Posted 07/31/2015  4:51 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Holders from any but the top 2 TPGs are notoriously inconsistent. Gee whiz, I wonder why.
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noD's Avatar
United States
1584 Posts
 Posted 07/31/2015  5:36 pm  Show Profile   Bookmark this reply Add noD to your friends list Get a Link to this Reply
My images of large silver coins are awful. In hand, it's still a close call, at least for my eyes.
CartwheelCollector, sorry if I came off a bit defensive. Truth be told I was.
Pillar of the Community
United States
1554 Posts
 Posted 07/31/2015  7:22 pm  Show Profile   Bookmark this reply Add 1893S to your friends list Get a Link to this Reply
ICG must not have read the book. Most 79-O Morgans were circulated for a few months and then reclaimed and rebagged by the banks. they remained in these bags until the 60's-70's. There were some bags that remained uncirculated or in other words 79-O's can be found uncirculated fairly easily although they should exhibit good luster and a good strike. There are thousands upon thousands of AU examples for the reason I stated above.
Valued Member
United States
403 Posts
 Posted 07/31/2015  7:32 pm  Show Profile   Bookmark this reply Add CartwheelCollector to your friends list Get a Link to this Reply
There is nothing wrong with coins in IGC slabs, but I sure would not trust their grading opinion. This coin is a nice example of why.
Rest in Peace
dave700x's Avatar
United States
10625 Posts
 Posted 07/31/2015  7:39 pm  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
MS60 can be a really baggy uncirculated coin or a market graded very lightly circulated coin.
Pillar of the Community
United States
1554 Posts
 Posted 07/31/2015  8:34 pm  Show Profile   Bookmark this reply Add 1893S to your friends list Get a Link to this Reply
Yeah, but unfortunately this coin exhibits circulation nicks,(small little nicks) not bag marks. The nicks on this coin are not sharp like bag marks in my eyes.
Valued Member
United States
403 Posts
 Posted 07/31/2015  8:35 pm  Show Profile   Bookmark this reply Add CartwheelCollector to your friends list Get a Link to this Reply
"market graded very lightly circulated coin."

That is what AU58+ is for.
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