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 Replies: 14 / Views: 1,135 |
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Bedrock of the Community
United States
12057 Posts |
Took a gamble on these two Morgans from a seller whose feedback is low but all positive. Total, combined, with shipping, was $78 for both coins. How'd I do, grade-wise? A gamble that paid off, or a bluff that got called? I was thinking lower XF on the 1880-O and MS62 on the 1882. Seller listed both coins as being Unc, but there's no way that 1880-O hasn't seen circulation. (If the 1882 is really an MS62, then I basically got the 1880-O for free. Even if it's a slider AU, I still come out slightly ahead.) Bad seller photos for now.     Thanks! AB Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Valued Member
United States
403 Posts |
Quote:
I was thinking lower XF on the 1880-O and MS62 on the 1882. I agree. Quote:
If the 1882 is really an MS62, then I basically got the 1880-O for free. I disagree. An 1882 in PCGS/NGC MS62 is worth maybe $40-$50, unless there is a VAM or something that I am missing. You overpaid, I think, but only by about $15 or so. Edited by CartwheelCollector
09/09/2015 10:35 pm
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Bedrock of the Community
 United States
12057 Posts |
I show a MS62 raw 1882 FMV at $60, greysheet hits a 1882 in MS60 at $49 and MS63 at $68. If the 1880-O is a problem free XF45 I have it at $38, if it goes into the AU range maybe $45 or a bit more. Even if both coins only carried $35 I'd still only be out $8, not terrible. I like the 1882's surfaces and toning, though, so we'll see how she looks in hand. :) Can't VAM attribute from those pictures. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis Edited by paralyse
09/09/2015 10:43 pm
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Valued Member
United States
403 Posts |
Greysheet values are kind of nonsense these days, the owner was having some health issues and fell behind on keeping prices up to date. I believe he has since passed away and the business is now undergoing some changes under new management. You are right, though, you're probably only down about $8-$12, $15 was too high.
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Bedrock of the Community
United States
12057 Posts |
CDN was acquired by the former CEO of DLRC, who is relocating their offices and modernizing their publication (hopefully without ruining it.) Considering that the average coin dealer pulls high double to low triple digit % markup on sub-$200 coins when retail pricing, it's still very useful.
I still trust it from a wholesale point of view ahead of others except perhaps Coinplex which is immediate.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Bedrock of the Community
United States
94367 Posts |
One way or the other it was hardly a windfall. Personally, I would have folded, mainly because I don't care for the '80-O.
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Bedrock of the Community
United States
12057 Posts |
Not much opportunity for a windfall with coins this cheap. But not much of a loss either. :)
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Bedrock of the Community
United States
94367 Posts |
Unless I'm in the misery of hole-filling, I don't like to swap money for coins with little upside potential. It's a bad trade.
Edited by Coinfrog
09/10/2015 7:07 pm
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Bedrock of the Community
United States
36800 Posts |
EF 80-O and low MS 82, I think $78 was a bit too much to pay for these.
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Pillar of the Community
United States
7375 Posts |
I think the first one is AU though. Don't see much wear, and there is some luster.
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Bedrock of the Community
United States
12057 Posts |
I think it's well established by now that I paid too much, don't kick me too hard while I'm down. ;)
I will try to focus on the grade aspect. Waiting on coins to get here in the mail.
This reminds me of why it's a bad idea to post what you paid for coins, and I should have known better and deserve what I'm getting.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis Edited by paralyse
09/10/2015 7:56 pm
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Bedrock of the Community
United States
36800 Posts |
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Rest in Peace
United States
10625 Posts |
Anybody that has never paid too much for a coin can post now.
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Pillar of the Community
United States
7375 Posts |
Nothing wrong with posting what you paid for a coin. I do it a lot, and the feedback helps me. At least silver is only $14 an ounce. I would either sock those away and forget about them, or if you have a quick flip opportunity and want to get your money back and move on, go for it.
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Bedrock of the Community
United States
12057 Posts |
Got them here today, the 1880-O is a problem free XF45 to AU50, but has lower eye appeal due to somewhat "hazy" surfaces, and the 1882 is an also problem free and super lustrous MS63 with nice even peripheral album toning and great eye appeal. Overall, a wash, or a slight loss, as was predicted by others. Should have passed on the 1880-O, but I got a deal on the 1882. Edit (9/12) The 1882 is a VAM-9, which is only an R3 VAM. Still a nice example and super clean. The 1880-O, I cannot match to a VAM still. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis Edited by paralyse
09/13/2015 12:03 am
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Replies: 14 / Views: 1,135 |
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Posted 09/09/2015 10:42 pm
