1896 Morgan - What To Do? Grade? - Coin Community Forum

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Author	Replies: 9 / Views: 1,085
ddubs Valued Member United States 75 Posts	Posted 12/18/2015 11:52 pm So I bought an 1896 Morgan for a pretty good deal. It is graded by PCGS. It's an old rattler. I think it was discounted because the certification number doesn't show up. It starts with 502 and there were a whole batch of these that the numbers were lost. Contacted PCGS and they said I could send it in and they would re holder for free. I think it could upgrade but they said I have to pay for the chance. Should I A. Keep as is in rattler holder. Think it will hurt when I try to resale. B. Send in for reholder for free. C. Try for an upgrade. If I was going to put it in my Morgan set, I wouldn't worry about it and keep as is. But I have a nice rainbow in same grade as this. Check out the pics and let me know a grade and what you would do. Thanks. Report this Post to the Staff

BH1964 Bedrock of the Community United States 10982 Posts	Posted 12/19/2015 12:31 am What's the grade on it? If you are certain the coin and holder are genuine then leaving it as-is is the best option. P.S. PCGS would not have to re-holder it to get it in their database; They might need to verify it in-hand though. ANA #R3154474 Report this Post to the Staff
ddubs Valued Member United States 75 Posts	Posted 12/19/2015 12:40 am I'm sure it is genuine. Read up on the vertical ion number before purchasing. PCGS said they had to reholder and couldn't just enter into the database. Not sure why. I'm holding off on the grade on it until I get some grades here. Don't want to influence others. Report this Post to the Staff
mdpmedia Pillar of the Community United States 3546 Posts	Posted 12/19/2015 02:53 am conservatively speaking from a PCGS perspective: 55 Report this Post to the Staff
IndianGoldEagle Bedrock of the Community United States 36782 Posts	Posted 12/19/2015 11:10 am Photos a little fuzzy, but this one looks like it might be MS-65. Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 12/19/2015 4:36 pm Agree with IGE - very attractive. Report this Post to the Staff
CoinCollector2012 Pillar of the Community United States 8137 Posts	Posted 12/19/2015 6:17 pm MS-64 Report this Post to the Staff
ddubs Valued Member United States 75 Posts	Posted 12/19/2015 10:28 pm It's in a 64 holder. Think I'm going to crack it and take a chance. I believe it has a good shot at 65. Thanks for the help. Report this Post to the Staff
paralyse Bedrock of the Community United States 12057 Posts	Posted 12/20/2015 1:18 pm I wouldn't crack her out. If you do get a 65, you're gaining maybe $60-$80 of "holder value", barely enough to offset the cost of the reslab and the loss of the OGH premium. In addition, the toning would probably work against the coin's eye appeal grade, being hazy and a bit blotchy. 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 Report this Post to the Staff
BH1964 Bedrock of the Community United States 10982 Posts	Posted 12/20/2015 8:44 pm with paralyse. Why spend $60 in grading fees in hopes of gaining $80 in value? It doesn't look like a 65 and really needs to grade 66 to be worth regrading. It's your money and you might gain $20 if you get lucky? Doesn't add up. ANA #R3154474 Report this Post to the Staff
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