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 Replies: 12 / Views: 1,080 |
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Valued Member
United States
65 Posts |
Hi, I'm getting ready to take my coins to a coin show next weekend. This is my oldest silver dollar. Can anyone tell me what kind of condition it is in and the value? I don't quite understand the grading system. Thanks, Peaches  *** Moved by Staff to a more appropriate forum. *** |
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Moderator
 United States
14463 Posts |
I moved your topic from the VAM section to the grading section.  Also, we will also need an image of the reverse. |
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Bedrock of the Community
United States
11897 Posts |
VG Details - Harshly Cleaned. At least based on the half of the coin I can see.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Bedrock of the Community
Canada
11922 Posts |
Quote:
Also, we will also need an image of the reverse.  To determine the grade of a coin, one must be able to see both sides of it. |
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Valued Member
 United States
65 Posts |
Here is the back of the silver.  Thanks |
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Bedrock of the Community
Canada
10743 Posts |
Aarrggg, a scan to start with which neer gives a good picture..  VG heavily cleaned looks like to me, sorry peaches.  |
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Bedrock of the Community
United States
94367 Posts |
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Bedrock of the Community
 United States
18684 Posts |
really doesn't have collector value. its worth the silver melt value pretty much.
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Bedrock of the Community
Canada
11922 Posts |
VG-8 for me, and I agree with those who think it has been cleaned.
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Bedrock of the Community
United States
36808 Posts |
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Bedrock of the Community
United States
12057 Posts |
VG details, abrasively cleaned. This is an 1889-O, by the way, New Orleans mint. Value is around $15-$17 and mostly in bullion content. Coins are graded on a scale from 1 to 70 with 1 being the absolute lowest (Poor) and 70 being the highest (Mint State/Uncirculated.) This grade is called the "technical" or "wear" grade. From that starting point, additional terms are used to describe any problems with the coin - cleaned, scratched, holed, damaged, and so on -- or any outstanding features - prooflike, fully struck, desirable toning, errors/varieties, etc. The result is the "net" grade of the coin. The "net" grade of the coin is what is used to determine values for the most part when selling or buying coins. The values you see in price guides assume "average" coins in most cases, i.e. those without any problems and also without any outstanding features. Do not be surprised at the offers you receive from dealers at the coin show; they are in the business of buying cheap and selling at full price, and coins which have a lot of problems are usually only bought to be melted or sold to bullion buyers who will buy the coins for their precious metal content only. A good place to start learning about the difference in the grades from 1 to 70 is PCGS's Photograde, at https://www.PCGS.com/photograde/You can pick a series, such as your Morgan silver dollar, and see examples from grade 1 to grade 68 (the max for Morgan dollars.) Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Bedrock of the Community
United States
11897 Posts |
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Bedrock of the Community
United States
12057 Posts |
Didn't even know that, Numismatic -- now I do :)
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Replies: 12 / Views: 1,080 |
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Posted 05/05/2017 9:03 pm
