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Wide Reeded 1921 Morgans

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MorganNoob's Avatar
United States
533 Posts
 Posted 03/05/2008  3:06 pm Show Profile   Bookmark this topic Add MorganNoob to your friends list Get a Link to this Message Number of Subscribers
Do wide reeded 1921-P Morgans get much of a premium? The reason that I ask is because occasionally I can tell if a coin on ebay has wide reeds. Should I be willing to pay a little more for them them a regular one?
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 03/05/2008  5:54 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Generally speaking, not really. As you get into Mint State grades, you'll find them in more demand. The VAM-4, especially, is of interest and would be the exception to the above rule. NGC only has 9 VAM-4's in slabs at the moment.
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MorganNoob's Avatar
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 Posted 03/05/2008  5:59 pm  Show Profile   Bookmark this reply Add MorganNoob to your friends list Get a Link to this Reply
Thank you SuperDave. I thought about you and your 80+ 1921 VAMs today as I was opening my 10th '21. lol. I doubt that I will get to 80 though...
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SsuperDdave's Avatar
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 Posted 03/05/2008  7:06 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
If you can find a Wide Reed in Mint State, snag it. Morgan collecting will only become more popular as the price of silver rises; there are still plenty on the market to collect so there will always be coins for new collectors. As they specialize (which is inevitable for some), the varieties will gain in value. VAM's are a growth industry, my friend.
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NGiles's Avatar
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527 Posts
 Posted 03/05/2008  11:12 pm  Show Profile   Bookmark this reply Add NGiles to your friends list Get a Link to this Reply
Interest in VAM's is rising quickly. Now is the time to be seeking them out before too many of the good ones get snatched up. I try to find the more rare varieties with a R-5, R-6 or R-7 rarity factor and hold on to them no matter what condition. I try to buy coins based on their condition and value without the VAM listing, that way you can't loose. Finding the rare VAM is just the nice bonus.
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InfiniteInterest's Avatar
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673 Posts
 Posted 03/05/2008  11:34 pm  Show Profile   Bookmark this reply Add InfiniteInterest to your friends list Get a Link to this Reply
I grabbed 2 wide reeds last week from BU rolls at the Shop. He puts common Dates into rolls when he has alot of them, but he does not normally let you pick them bbecause people would pull the best ones and leave the low grades. Since he apparently likes me and I was looking for reeds and not grades I got them for MS-60 bid.I have not attributed them yet, but I am sure one is a VAM29 I would grade MS-63.

Interest seems to be rising exponentially , I was on the VAMworld site for help with my 1878 in another post, and happened across a couple posts about site usage . It seems they have doubled the traffic to the site and postings have also doubled in a very short time. No Premium ? he he...not yet !!
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MorganNoob's Avatar
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 Posted 03/06/2008  12:57 am  Show Profile   Bookmark this reply Add MorganNoob to your friends list Get a Link to this Reply
quote:
I try to find the more rare varieties with a R-5, R-6 or R-7 rarity factor and hold on to them no matter what condition.

Is that lister on VAMworld? where do you find the rarity?
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NGiles's Avatar
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 Posted 03/06/2008  10:34 am  Show Profile   Bookmark this reply Add NGiles to your friends list Get a Link to this Reply
MorganNoob,

The rarity factor is usually given at the top of each listing on vamworld site.
it usually shows a I-2 R-6, which in this example would mean an Interest factor of 2 and a Rarity factor of 6. The rarity is on a scale of 1-7, 7 being the most rare. I am not definite in the Interest scale so somebody correct me if I am wrong, but I think it is a scale of 1-3. This just gives you an idea of how rare the variety is and how interested people are in that variety.
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NGiles's Avatar
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527 Posts
 Posted 03/06/2008  10:35 am  Show Profile   Bookmark this reply Add NGiles to your friends list Get a Link to this Reply
The R&I factors are not always listed but if you write a post on VAMworld somebody will usually respond and give it to you.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 03/06/2008  4:14 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
quote:
The R&I factors are not always listed but if you write a post on VAMworld somebody will usually respond and give it to you.


An important consideration here is that rarity factors for VAM's are usually based on very incomplete information, especially the newer ones. One good example is the "R7" 1921-D VAM-1I, which I don't even seek any more due to its' being so common. I've owned a dozen of them, ranging up to MS64 in an NGC slab. 1878's are pretty accurate, because they've been identified and popular varieties for a long time, as are some of the longer-known rarities.

These factors won't be really accurate until a significant majority of Morgans are attributed. That won't happen during your lifetime or mine.
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