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 Replies: 19 / Views: 7,455 |
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New Member
United States
6 Posts |
Hello everyone, my names Dan and Ive recently picked up interest into collecting again, it's been some years since my grandfather gave me some coins as a kid, and I've always loved Morgans so I'm trying to put together a nice year/mintmark set. I have 3 uncirculated common dates that I'm thinking of sending into NGC for grading or possibly conservation. The first is an 1881-o. I think this coin would be an ms65 but has several small rim dings, and I'm curious if anyone might be able to chime in with experience about grading coins like this. Will the coin drop 2 points 3 points? Will it come back ms details? Should I throw it on ebay and cut my losses? Next is an 1884-o I think could easily grade ms64. It has some peripheral toning and some extremely fine lines perfectly parallel on the fields and devices. Too fine to be abrasive lines, looks like planchet striations. Also has very minor rim damage, barely visible with the naked eye. And last is a 1897-p that I also think is an ms64. It has some rather unnatractive peripheral toning and maybe a candidate for ncs? I'd appreciate it if any fellow collector with more experience than myself would be so kind and share their opinion on whether not I should send them in. I'm only considering these 3 coins because I think it could be worth it for them to be slabbed. If not, I will keep them for my collection. They were obtained in a lot for about $22 each, so either way I think I did ok. Many thanks in advance! i reposted pictures below on my reply Edited by Deplorabledan
07/23/2017 5:16 pm
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Bedrock of the Community
United States
11904 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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Moderator
 United States
56855 Posts |
 to CCF. Please post pics when you can. I don't think rim dings effect grade but it does the eye appeal. John1  |
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Pillar of the Community
United Kingdom
1351 Posts |
Unless the coin is incredibly rare.I can't be having rim dings.
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New Member
 United States
6 Posts |
i thought I had finally figured out the pictures thing, but they came in sideways
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Pillar of the Community
United States
1609 Posts |
They're right side up for me. I don't think those would affect grading too much.
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Pillar of the Community
United States
6370 Posts |
You only need one thread.
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Moderator
United States
56855 Posts |
They are sideways on my desk top. John1 |
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Rest in Peace
United States
17900 Posts |
I'm on a tablet that won't let me straighten the photos. Also, if you cut out all the background and leave only the coin in the photo it helps, too. Rim dings do affect the grade and if severe enough will kick it into details. I cannot see your coins well, so ill make no assumptions, but unless a common date Morgan can make it to MS-65, it's usually not a good investment to TPG. |
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Bedrock of the Community
United States
94367 Posts |
There are rim dings and then there are rim dings. Show me your ding. to the CCF! |
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New Member
United States
6 Posts |
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Rest in Peace
United States
17900 Posts |
Much better photographs. I do hope that you understand that an honest grade needs both the obverse and reverse photos to really merit much accuracy. But I also understand that you are trying to make sure your photos are properly presented. All 3 of these would probably fall into the MS-63 or 64 range, given that the reverses were of similar grade. That poor 1881 in particular has its share of rim hits and I understand why you asked about those specifically. There is no single dent that would kick it into a details grade. When we talk about "straight" grade we mean a coin that doesn't have any debilitating imperfections, the most common of which would be cleaned, more severe rim dings, scratches, graffiti, or other distractions. We call a coin with one of those major problems one that would not be given a straight grade by a TPG, and would be listed as Details. One of your Morgan's, if it had a severe rim ding, might get a "grade" of Uncirculated, details, damage. Without something that kicked it into the details grade it would have the straight grade of MS 63. Lastly, I would not recommend spending the money to TPG any of these three, although there is absolutely no shame for any of those ladies. |
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Bedrock of the Community
United States
94367 Posts |
 Well said. |
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New Member
United States
6 Posts |
moxking, thank you for well articulated, coherent response, Here are the reverse pictures in this order 1881 o 1884 o 1897 I agree with your response, I do however think that the 84 has a good shot at ms 64, maybe 64+. I just put out those 3 morgans and another 1900-o for grading to NGC. I understand most wouldnt have them graded, but I'm only into it for $22 a coin. add $25 for grading, shipping, and handling (NGC economy) and my cost is $47. even if they come back at ms63, I could at least break even on ebay, anything more is a bonus. Id rather have a certified 63 than a raw "BU" coin when and if I ever go to sell them, and I dont like the mystery of raw coins. I like gambling and buying them, but I dont want to sell raw coins that have a shot at grading above 63.Holding them raw is like the experiment with shroedingers cat. The cat is neither dead nor alive, until you open the box and find out. even if one comes back in a details slab I will just sell it and get what I can. theyre not key dates, so not much to lose. Either way it will be a learning experience and a test of my grading ability.    |
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Rest in Peace
United States
17900 Posts |
Very well thought out goals approach. You will find that you can learn so much by entering the field with that exact attitude. Regardless of those who dis the slabs, NGC and PCGS are the ones determining what grades really mean and look like. It is fine to express the oft quoted "buy the coin, not the slab" which is absolutely true. But you need to develop your own skill in grading before you can make such determinations, and there are no better teachers than the coins already assigned a grade. I prefer NGC myself, although that goes against the grain for some collectors. Please let us know your results.  |
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New Member
United States
6 Posts |
Yup I'll be sure to repost in a month or so with the results. I also prefer NGC, for slightly less expensive membership and submitting fees, and I like the museum quality slabs from NGC. I'm sure to upset some purists with this comment, but I think the PCGS slab looks archaic and cheap...
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Replies: 19 / Views: 7,455 |
Posted 07/23/2017 1:38 pm
