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1921 Pitted Morgan

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miterman's Avatar
United States
58 Posts
 Posted 03/08/2008  10:05 am Show Profile   Bookmark this topic Add miterman to your friends list Get a Link to this Message Number of Subscribers
Good Morning, Do you know what type of VAM this coin is it's unc. Picked it up for $13 it's a beauty!

Image: 1921-Pitted-Morgan 1.jpg
91.12 KB

Image: 1921-Pitted-Morgan 2.jpg
94.2 KB

Image: 1921-Pitted-Morgan 3.jpg
90.91 KB





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j_h_s's Avatar
United States
1934 Posts
 Posted 03/08/2008  10:09 am  Show Profile   Bookmark this reply Add j_h_s to your friends list Get a Link to this Reply
Compare it with the VAMs on this website

http://www.vamworld.com/Top+100+Morgan+VAMs

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j_h_s's Avatar
United States
1934 Posts
 Posted 03/08/2008  10:15 am  Show Profile   Bookmark this reply Add j_h_s to your friends list Get a Link to this Reply
If it's your "pitted reverse" it could be VAM 41, VAM 1E, VAM 3E.

Your picture's not really clear enough for me to tell.
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miterman's Avatar
United States
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 Posted 03/08/2008  10:39 am  Show Profile   Bookmark this reply Add miterman to your friends list Get a Link to this Reply
It looks like a 3e Thanks for the info jhs
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NGiles's Avatar
United States
527 Posts
 Posted 03/08/2008  10:40 am  Show Profile   Bookmark this reply Add NGiles to your friends list Get a Link to this Reply
What you have is a 1921 VAM 3E. A very nice find for only $13.00.

I'll give you $15.00 for it right now and you can make a profit.

Hold on to it you've got a nice coin.

Here's the VAMworld link.

http://www.vamworld.com/1921-P+VAM-3E
Valued Member
miterman's Avatar
United States
58 Posts
 Posted 03/08/2008  10:50 am  Show Profile   Bookmark this reply Add miterman to your friends list Get a Link to this Reply
Thanks ngiles
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SsuperDdave's Avatar
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23522 Posts
 Posted 03/08/2008  11:47 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
I'm gonna be able to semi-retire because of you, NGiles.

Here's a little more detail. On the obverse, note the die cracks between the stars; it should help to confirm the attribution. Also note the additional pitting around the A and R of DOLLAR, inside the C in AMERICA, and around the eagle's beak. A lot of times at VAMworld, only the most obvious features of a given VAM are listed, and it gets difficult to attribute an early die state or less-than-perfect photos.

1921-Pitted-Morgan

1921-Pitted-Morgan

1921-Pitted-Morgan
Valued Member
miterman's Avatar
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58 Posts
 Posted 03/08/2008  12:59 pm  Show Profile   Bookmark this reply Add miterman to your friends list Get a Link to this Reply
That looks just like it after carefull examination, Thanks SuperD
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SsuperDdave's Avatar
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 Posted 03/08/2008  2:09 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
It's quite a bit scarcer than the R4 Rarity might indicate. I've only seen or heard of two or three; NGC has graded 5.
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NGiles's Avatar
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527 Posts
 Posted 03/08/2008  2:48 pm  Show Profile   Bookmark this reply Add NGiles to your friends list Get a Link to this Reply
If you retire SuperDave you'll have to send me all of your coins so I can keep up your good work.
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miterman's Avatar
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58 Posts
 Posted 03/08/2008  3:05 pm  Show Profile   Bookmark this reply Add miterman to your friends list Get a Link to this Reply
Do you think it's worth the grading fee?
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SsuperDdave's Avatar
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 Posted 03/08/2008  3:24 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
quote:
If you retire SuperDave you'll have to send me all of your coins so I can keep up your good work.


I sold almost all of them last year. The pics are all from my archives. Sorry.

quote:
Do you think it's worth the grading fee?


That's iffy. You'd want it attributed on the slab, and that means NGC or ANACS (PCGS doesn't attribute this one), plus the extra cost of the attribution. I can't tell from the pics if the coin is Uncirculated or not; if so, it'll probably go MS63. 1921-P VAM's aren't a really hot item, for the most part, and demand doesn't drive the price up much.

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miterman's Avatar
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 Posted 03/08/2008  7:22 pm  Show Profile   Bookmark this reply Add miterman to your friends list Get a Link to this Reply
It is unc. your probably right about the ms63 or even ms62 i'll just keep it raw.Thanks sd
MM
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NGiles's Avatar
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 Posted 03/08/2008  7:55 pm  Show Profile   Bookmark this reply Add NGiles to your friends list Get a Link to this Reply
miterman,

I have yet to send a coin to a grading company. Why should I pay somebody to tell me what I already know. Somebody who knows what they are buying and can determine the grade for themselves, will probably pay the premium whether it is slabbed or not. I keep my nice coins in air-tight coin holders and I am happy with them that way.
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miterman's Avatar
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 Posted 03/08/2008  9:03 pm  Show Profile   Bookmark this reply Add miterman to your friends list Get a Link to this Reply
very good logic and a good idea
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SsuperDdave's Avatar
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 Posted 03/08/2008  9:44 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
quote:
Somebody who knows what they are buying and can determine the grade for themselves, will probably pay the premium whether it is slabbed or not.


I would respectfully differ with that opinion, with regard to today's coin market. Especially in the case of error coins or those worth any decent money, many (possibly most) buyers would question why a coin which *should* (by their own opinions) be in a slab is not in a slab. Coin collecting has morphed beyond the days when almost any collector was a capable grader; there are plenty out there who only believe it's a 65 if PCGS says so.

So, although your statement is completely true, it also discounts a sizable percentage of the market who wouldn't be interested in the coin, raw. By all means, keep them raw if you're going to keep them. I do. But as always, I strongly advise slabbing anything you intend to sell that's worth more than $250, and any attributable error that's worth $100.
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