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MS-70 Morgans

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cameo92's Avatar
United States
62 Posts
 Posted 12/22/2015  10:18 pm Show Profile   Bookmark this topic Add cameo92 to your friends list Get a Link to this Message Number of Subscribers
Does anyone know how many of these currently exist? Can I see some photos and how much they went for?
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Kefiroth's Avatar
United States
1431 Posts
 Posted 12/22/2015  10:34 pm  Show Profile   Bookmark this reply Add Kefiroth to your friends list Get a Link to this Reply
I don't believe there have ever been any Morgan dollars graded MS-70 by any of the major market TPGs
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TypeCoin971793's Avatar
United States
6370 Posts
 Posted 12/22/2015  10:43 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list Get a Link to this Reply
As of now, 0. Unless you count SGS in the count.
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Paul Bulgerin's Avatar
United States
3098 Posts
 Posted 12/22/2015  11:09 pm  Show Profile   Bookmark this reply Add Paul Bulgerin to your friends list Get a Link to this Reply
I believe at least two Morgans have received an MS-69 grade.
Paul Bulgerin
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cameo92's Avatar
United States
62 Posts
 Posted 12/22/2015  11:29 pm  Show Profile   Bookmark this reply Add cameo92 to your friends list Get a Link to this Reply
Hmm, that's interesting, I would have thought there would have been at least a few...
I know I've seen some 69s before, I half believe there's even one on ebay now...
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Canadian-Banknotes's Avatar
Canada
4944 Posts
 Posted 12/23/2015  01:05 am  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply
The PCGS Pop Report currently has 9 Morgans graded MS-69. One of which is prooflike.

The NGC Pop Report currently has 5 Morgans graded MS-69.

No (Reputable) TPG has assigned a MS-70 grade to a Morgan dollar.
Edited by Canadian-Banknotes
12/23/2015 01:06 am
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T-BOP's Avatar
United States
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 Posted 12/23/2015  07:41 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
IMHO If any one on this planet has a genuine MS-70 Morgan dollar it would be worth a million $ or more.
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Cascade's Avatar
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 Posted 12/23/2015  08:38 am  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
Tbop, you're being nice. I'd bet a true MS70 morgan would go for multiples of your estimate possibly even by a factor of 10 or more. It would be THE sale of a lifetime in recent numismatic memory and millionaires would be fighting billionaires over it
Edited by Cascade
12/23/2015 08:39 am
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Imthealphaomega's Avatar
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3210 Posts
 Posted 12/23/2015  09:24 am  Show Profile   Bookmark this reply Add Imthealphaomega to your friends list Get a Link to this Reply
There are less than 20 as stated above. Most of these seem to be earlier Morgan's like 1880s, 1881s. etc.
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T-BOP's Avatar
United States
18456 Posts
 Posted 12/23/2015  10:17 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply

Quote:
I'd bet a true MS70 morgan would go for multiples of your estimate possibly even by a factor of 10 or more. It would be THE sale of a lifetime in recent numismatic memory and millionaires would be fighting billionaires over it

Yes I think your right. I under estimated it.
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Darth Morgan's Avatar
United States
2815 Posts
 Posted 12/23/2015  10:46 am  Show Profile   Bookmark this reply Add Darth Morgan to your friends list Get a Link to this Reply
A true MS70 Morgan? Cascade has it right. It would go into the several millions.
Edited by Darth Morgan
12/23/2015 10:46 am
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jbuck's Avatar
United States
187702 Posts
 Posted 12/23/2015  11:02 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Think about it. Today's manufacturing process is vastly superior to that of the Morgan era. The only reason why MS-70 coins exist now, in a grade that once represented an impossible perfection, is because the mint gained the ability to create coins better than anyone had previously imagined.
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cameo92's Avatar
United States
62 Posts
 Posted 12/23/2015  11:48 am  Show Profile   Bookmark this reply Add cameo92 to your friends list Get a Link to this Reply
Yes, of course it wouldn't be by today's standards, but I mean for the standards in place at the time, there has to be at least some that are as perfect at possible.
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jbuck's Avatar
United States
187702 Posts
 Posted 12/23/2015  11:59 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
My point is that back then the grade 70 was theoretical, it was an unobtainable limit. The 69 was de facto perfection.
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cameo92's Avatar
United States
62 Posts
 Posted 12/23/2015  12:41 pm  Show Profile   Bookmark this reply Add cameo92 to your friends list Get a Link to this Reply
I just find it hard to believe that out of all the Morgans that weren't put into circulation, there aren't at least a few that are flawless, which is what MS 70 designates...
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biokemist6's Avatar
United States
12437 Posts
 Posted 12/23/2015  1:15 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
The problem with that line of thinking is that virtually all of the Morgans that weren't put into circulation were dumped into canvas bags by the hundreds, banging into each other along the way. Quite frankly, I am surprised that MS69s even exist given their general treatment.
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