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 Replies: 28 / Views: 4,731 |
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Pillar of the Community
United States
7390 Posts |
@TMCD75... Be very carefull. If you can tell him you want to take pics of the one you want so you can get approval from the wife, dad etc first then do it And post them in the classic forum with URGENT in the title. We don't want to see you pay a grand for a $500 coin or a paperweight so please do this if you can but I must say with your admitted ignorance of the series coupled with a "side of the road coin man" I would suggest NOT buying such a pricy raw morgan this way  Edited by Cascade
09/04/2015 3:01 pm
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Rest in Peace
United States
10625 Posts |
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Rest in Peace
United States
4078 Posts |
SsuperDdave said Quote:
The whole point of being a numismatist is to become skilled enough not to need a slab, so my personal preference runs to raw coins. So true. Quote:
As BiggFredd so wisely said, what need is there for 300,000 coins in MS63 slabs (literally - NGC and PCGS have 320,000 1881-S's between them, and over 100k in MS64) when the issue is available all the way to MS69? BiggFredd, may he rest in peace.  Still a knowledgable statement. TMCD, the coin may look high grade but, what is your knowledge? Cascade's post is a good one. |
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Pillar of the Community
United States
7390 Posts |
I've seen bigg fredd's name postumusly brought up multiple times in threads since I've been here. He must have been a really good guy and a huge asset to the family. I wish I could have got to know him
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Valued Member
United States
245 Posts |
Thanks guys, I'm going to try and slow it down tomorrow. I'm also going to a coin store in Paducah in the morning. He's got quite a few Carson City Morgans that aren't graded...I'm taking my coin book with me so I don't get too screwed.
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Moderator
 United States
23522 Posts |
Quote:
I've seen bigg fredd's name postumusly brought up multiple times in threads since I've been here. He must have been a really good guy and a huge asset to the family. I wish I could have got to know him
Biggfredd is the reason for the double consonants in my username. There will not be another like him. |
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Pillar of the Community
United States
7390 Posts |
Well that answers a question I've had since day 1  |
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Bedrock of the Community
United States
11951 Posts |
I just read the post .... Taking a grand to a beside the road dealer. The thought of that is just scary. I don't even know where to start. A collector really should not be buying higher priced coins with out learning what these coins buy and sell for. Research the coins your looking at, check price guides and completed auction prices. For example: 1882 CC, 1883 CC and 1884 CC GSA Morgan's can be bought on ebay in the mid to low 200's. Learn how to tell the difference between a MS 60, MS63 and MS 65 Morgan. |
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Rest in Peace
United States
10625 Posts |
Whenever someone posts slobbed when referring to slabbed or uses prolly instead of probably that would be a salute to Biggfredd. He certainly left a lasting impression here on CCF far beyond these two "Freddisms" and I'm reminded of him every day when SsuperDdave posts. Thank you Ddave for doing a bigg part of keeping his legacy alive on CCF.  |
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Valued Member
 United States
73 Posts |
At our shop, raw Morgans sellout typically within 7 days of acquiring them as opposed to slabbed Morgans selling in about 6 months.  |
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Pillar of the Community
United States
1450 Posts |
To spend $25 to grade a common Morgan that sells for $85 in MS64 condition is a waste of $25. I know that that is the way they are sold on ebay. Whoever selss these coins must have bought them when they were cheap. If a dealer sells a coin for %80 he must have bought it for at least 25-40 bucks. Now if you add in the price of getting the coin graded and slabbed that is another $25 so his profit is dropping in a big way. Often the dealers selling price is a good bit under retail so he is losing again if he is the one who had the common Morgan slabbed. If the coin he is selling is valued at $10,000 bucks then he probably must get it slabbed and graded especially if he is selling online. I don't really like slabbed coins, but if it does not affect the price why not since I at least know it is authentic? It seems with common Morgans the big difference in price comes when you go from MS64 to MS65 and beyond. I can't tell the difference by eye between a MS64 and MS65 in most cases. |
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Valued Member
United States
245 Posts |
I'll see if this old man will let me take some pictures, he's old school. He told me he's been collecting Morgans among other coins for 50+ years. Told me a story about buying Morgans at auctions for cheap, cheap money. He's in his 70s and is liquidating his coin stash because as he puts it, he's going to die one day!
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Pillar of the Community
United States
7390 Posts |
See if he has any unicorns being ridden by leprechauns too. Wait, is his name Carl?  Edited by Cascade
09/04/2015 9:23 pm
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Replies: 28 / Views: 4,731 |
First Page
Posted 09/04/2015 3:17 pm
