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1884 S Morgan Silver Dollar

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ssnajper's Avatar
Canada
2 Posts
 Posted 12/01/2005  4:45 pm Show Profile   Bookmark this topic Add ssnajper to your friends list Get a Link to this Message Number of Subscribers
Hi Guys,

I just stumbled upon your cool forums here.

I would like some opinions on what you think about this 1884 s Morgan silver dollar. Also could you give me its approximate value? Is it worth it to send it in to pcgs to get officially graded? Is it necessary to clean it?

Thanks a ton!

1884-S-Morgan-Silver-Dollar
Here's the link in case the pic doesn't load:
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1884-S-Morgan-Silver-Dollar
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Susanlynn9's Avatar
United States
5877 Posts
 Posted 12/01/2005  5:16 pm  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
Welcome to the forum! As people here will tell you, I almost always change the picture formats in the posts so that you can see the pics rather than click on a link. This is especially true in the Grading section. Hope you don't mind.

This coin looks to have AU details, but it looks to me like it may have already been lightly cleaned. As a result, I would not send it to PCGS or NGC. Actually I wouldn't anyway, because I like ANACS better. ANACS will grade this coin for a much more reasonable fee and will not bodybag it due to cleaning. I think they will give you an AU Details grade with a cleaned qualifier.

Value by completed ebay auctions:
ANACS EF45

ANACS EF45

Raw AU55 (EF45-AU50 my opinion)

NGC AU50

PCGS AU55

DO NOT CLEAN THIS COIN! Cleaning a coin never enhances the value (with the possible exception of ancients which have their own set of rules). There are a couple of lines on the obverse that appear to be possible wipe lines to me. Any further cleaning will only devalue it further.
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biokemist6's Avatar
United States
12437 Posts
 Posted 12/01/2005  5:33 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
From the angle of your pictures, I can't really tell the exact grade. I would have to say it is at least EF grade if not better. Non-angled pictures are best for determining the grade. As far as getting it certified by a 3rd party grader, that would depend on the condition. If it is almost uncirculated(AU) grade or better that might be a good idea.

VF EF AU MS60 MS62 MS63
1884-S 20 45 345 4000 8750 31500

Those are the top retail values from PCGS.com. As you can see with this issue, grade is VERY important. Some Morgans are quirky like that, inexpensive in low grades but INCREDIBLY expensive in top grades. This is because in some of the Morgan years, the whole mintage was released for circulation, leaving very few in Mint State. Also, many Morgans were melted down by the mint over the years for a fresh supply of silver. Other years, bag upon bag fresh from the Mint sat in bank vaults until the 1960s. Those years can be readily found in high grades.

Also, never clean coins! All it does is damage them. Especially ones like this that are potentially worth hundreds or thousands!
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ssnajper's Avatar
Canada
2 Posts
 Posted 12/01/2005  9:44 pm  Show Profile   Bookmark this reply Add ssnajper to your friends list Get a Link to this Reply
Thanks for your responses so far. They are quite helpful.

I took 3 more pictures (as much as from a top angle as possible). I think they are a bit better than the previous ones. Perhaps you can give me a more exact estimate of its grade.

1884-S-Morgan-Silver-Dollar
1884-S-Morgan-Silver-Dollar
1884-S-Morgan-Silver-Dollar

Actually looks gold in some of them :0



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Susanlynn9's Avatar
United States
5877 Posts
 Posted 12/01/2005  9:54 pm  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
It's a shame about the mark on the chin.

I definitely feel that the obverse shows some past cleaning and would therefore be bodybagged by NGC or PCGS. Technical grade, in my opinion, is EF45-AU50. If there was a little more luster, I think it could go stronger towards AU.
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Morgan Fred's Avatar
United States
2684 Posts
 Posted 12/01/2005  10:01 pm  Show Profile   Bookmark this reply Add Morgan Fred to your friends list Get a Link to this Reply
First, welcome to the forum, ssnajper! We're a friendly group and always happy to help.

I can't resist making comment on a Morgan, but Susan and biokemist have already made the important points on this 84S. The second group of images helps a little more to make an assessment, but I am troubled by the obverse - the large scratches on Liberty's face might cause the grading services to reject the coin and it does appear that it might have been cleaned with an abrasive. One point to consider: it is very difficult to make an analysis from an image since the scan or photography process may exaggerate very slight scratches (or, conversely, may hide serious marks).

Otherwise, this Morgan appears to be in AU condition or, at the least, XF grade. There's a sharp increase in value going from XF to AU as biokemist stated and I believe it to be lower grade AU, but the determining factor will be the quality/severity of the marks on the obverse and whether or not it's been cleaned. Of course, the only means for a solid determination is to take it to a local coin dealer (if any) or submit it to one of the top four grading services (PCSG, ICG, NGC, ANACS). ANACS will put it into a slab even if it is a problem coin whereas the others will just return the coin and keep your money. In this instance, I'd go with ANACS for a professional opinion.

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