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Would You Buy A 1877 Indian Penny Or Buy Morgan?

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Bedrock of the Community
GR58's Avatar
United States
11951 Posts
 Posted 02/18/2016  07:37 am  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
I think $900 is closer to VF price than Fine.

So you want to be sure it is a problem free VF.

Next time you look at it, look for problems, like
Rim dings
Scratches
Signs of old cleaning (hair line scratches)

I suggest the second look, because if like me, when you first
look at a coin you might see the good and overlook the negative.

If it is a true VF problem free coin, it might be one to work out a
deal on.

Just my opinion .... See what the experts say ... And when you post pictures.
Bedrock of the Community
GR58's Avatar
United States
11951 Posts
 Posted 02/18/2016  1:54 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
After looking at the greysheet and other price guides .. And ebay.

$900 is looking like a good price for a F/VF 1877 Indian.

Not sure what is was looking at last night, might have been
one colum off.

Will be good to see some pictures.
Valued Member
United States
99 Posts
 Posted 02/18/2016  11:06 pm  Show Profile   Bookmark this reply Add jim7219 to your friends list Get a Link to this Reply
It looked problem free to me. Very little wear. Don't remember any scratches. It did have a few green spots on it though on the back in the crevices.

I should be able to get pictures tomorrow. I ended up getting a 1921 d walking liberty from him. A little cheaper!
Pillar of the Community
BuckeyeCoinGuy's Avatar
United States
711 Posts
 Posted 02/18/2016  11:18 pm  Show Profile   Bookmark this reply Add BuckeyeCoinGuy to your friends list Get a Link to this Reply
I think you made the right call, in particular in light of the green spots on the reverse.
Pillar of the Community
ExoGuy's Avatar
United States
4421 Posts
 Posted 02/18/2016  11:54 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
IMHO, that's not a bad deal, $900 for a truly VF 1877. I suggest that you put down a deposit, being the amount of the PCGS or NGC certification fee. IF it comes back a problem-free VF, you pay the balance. If not, he refunds your deposit. Spell out the deal on a receipt, too!
Edited by ExoGuy
02/18/2016 11:54 pm
Bedrock of the Community
GR58's Avatar
United States
11951 Posts
 Posted 02/19/2016  12:03 am  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
Green spots ... to me .. could be a problem.

Valued Member
United States
99 Posts
 Posted 02/19/2016  6:07 pm  Show Profile   Bookmark this reply Add jim7219 to your friends list Get a Link to this Reply
Drum roll please.... here it is. Sorry it is out in the middle of no where. The front had scratches on the plastic. It came from the widow of one of his old customer.
First 2 are from Photoshop color correction. Other 2 are from forum software.

So worth the $900?


Would-You-Buy-A-1877-Indian-Penny-Or-Buy-Morgan?

Would-You-Buy-A-1877-Indian-Penny-Or-Buy-Morgan?

Would-You-Buy-A-1877-Indian-Penny-Or-Buy-Morgan?

Would-You-Buy-A-1877-Indian-Penny-Or-Buy-Morgan?
Valued Member
United States
99 Posts
 Posted 02/19/2016  7:51 pm  Show Profile   Bookmark this reply Add jim7219 to your friends list Get a Link to this Reply
ExpoGuy..I like that idea. I will see what he says. He is 84 and retiring in the fall so we will see if he will want to do that.
Valued Member
United States
99 Posts
 Posted 02/19/2016  10:43 pm  Show Profile   Bookmark this reply Add jim7219 to your friends list Get a Link to this Reply
Do you thing the green on the back will affect the price?
Pillar of the Community
ExoGuy's Avatar
United States
4421 Posts
 Posted 02/20/2016  08:41 am  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
Jim7219 ... Now that I see it, just buy it! No need to slab this one. That's a good deal. Looks like a genuine VF 20 or slightly better to me.
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52Raymo's Avatar
United States
8521 Posts
 Posted 02/20/2016  11:58 am  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply
It's a righteous coin and a good price.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
Bedrock of the Community
GR58's Avatar
United States
11951 Posts
 Posted 02/20/2016  1:57 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
$900 is a lot of cash.

But I feel I would buy that coin.

Overall a nice looking VF coin.

Small rim ding on the reverse.
Maybe a misaligned die, little weak at "of America" on obverse
and on reverse at arrows.

The green spots do not seem bad, I would treat with Verdi care.

This coin would make most of my other 1870's IHC's look bad,
but it would look great filling the empty hole in my Dansco.
Valued Member
United States
99 Posts
 Posted 02/20/2016  9:56 pm  Show Profile   Bookmark this reply Add jim7219 to your friends list Get a Link to this Reply
Thanks guys. I guess I will be 900 poorer next week
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Debrajc's Avatar
United States
4211 Posts
 Posted 02/20/2016  10:01 pm  Show Profile   Bookmark this reply Add Debrajc to your friends list Get a Link to this Reply
Nice coin Jim! It is a major upgrade from the one I have in my album!

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BuckeyeCoinGuy's Avatar
United States
711 Posts
 Posted 02/20/2016  10:02 pm  Show Profile   Bookmark this reply Add BuckeyeCoinGuy to your friends list Get a Link to this Reply
I gotta say I had low expectations for this 1877 after hearing about the green spots, the price tag, and you only having 29 posts (so far. . . ).

Pleasantly surprised here for a change. Often these types of threads end up with a fake coin or a grossly over graded coin for the price.

Looks like you got yourself a good dealer to work with Jim. Treat him well and it is often reciprocated.

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