| Author |
 Replies: 30 / Views: 3,221 |
|
New Member
United States
36 Posts |
For anyone who didn't see my other post, my father past away a couple of months ago. I found this coin in with a few others in my dad's dresser draw. I was looking for a key to the front door of the house where my mother still lives. I knew it was an old silver dollar but I knew nothing about a Morgan dollar or the rare 1893 S. I gathered up the coins and started researching. I started with the Morgan because it was the oldest. Didn't take long to find out my dad had a rare coin and I'm sure he didn't know it. I started thinking about how my dad came into possession of the rare coin and why he kept it. I started asking my family members about it and I think I have my answers, not confirmed and I don't think there is any way to confirm it for sure but it's all I have. In our small town, Newbern TN, back in the late 40's early 50's, one of the small grocery store's would have a drawing every Saturday night to give away a silver dollar for that week's customers. When you bought your groceries, you put your name in a hat. I believe my dad won that coin this way. He probably hung on to it thinking it was good luck for him. I guess it was, he had a good life, lived to be 90 and raised a large family. Anyway, some of you had commented on my other post how good the story was that a son found a rare coin that his father had left behind, so I thought I would share this. Thanks for the help I have received so far with this. Still have to decide what to do with the coin. Keep it in my drawer until I pass it down to my kids or sell it to someone that will have a coin to add to their collection with a good story behind it. I would like to ask how coin collectors handle there collection? I'm sure everyone has different ways. Are some of the better coins displayed in your home for guest to see? Or do you just keep them in a safe and enjoy collecting coins for a hobby? Maybe I should ask in another post or if someone could give me a search phrase, I can search the forum. Sorry for the long post but if you made it all the way through thanks for taking the time to read. Edited by Tnvol
07/20/2018 11:11 am
|
|
|
|
Rest in Peace
United States
10625 Posts |
Great story behind that king of the Morgan series. Thank you for sharing btw. If I were you and this is just my bias as a collector, I would hang on to it as an heirloom to keep the string of good luck rolling. Congrats on being the current care-taker as we all are with our collections.  |
|
Moderator
 United States
188052 Posts |
Quote:
Sorry for the long post but if you made it all the way through thanks for taking the time to read. Never apologize for a good post like this! Thank you for sharing.  |
|
Pillar of the Community
United States
1187 Posts |
Sorry to hear about the loss of your father. In my opinion you should get the coin certified by PCGS,NGC, or Anacs and keep it unless you really need the money. That coin you found is very rare and could be a family heirloom for generations to come. I have a feeling you would eventually regret it if you sell. BTW welcome to the site!
Edited by LibertyEagle20
07/20/2018 11:41 pm
|
|
Bedrock of the Community
Canada
21597 Posts |
Thanks for continuing your interesting story.
I had posted on your original thread.
Even if you are going to keep the Morgan, I would
suggest that you still send it off for grading.
This would give the coin protection and a record of
what you have.
Suggest you don't openly display any valuable coin.
Keep it in a safe and secure place where you can take
it out if you want to show it to people.
Thanks again for a good read.
|
|
Rest in Peace
United States
17900 Posts |
It's great to here another chapter about that awesome Morgan.
I would send it to NGC or PCGS if it were mine.
|
|
Pillar of the Community
Canada
1527 Posts |
Excellent story, I would have it graded (protected) and still keep it as a family heirloom good luck piece to be handed down as time goes by.
|
|
Moderator
United States
188052 Posts |
Most definitely a keeper worth some extra protection to ensure it gets handed down properly.
|
|
New Member
 United States
36 Posts |
Thanks....everyone! It's not as simple as just keeping the coin for myself. It still belongs to my mom. She would rather have the money lol. I could give her the money for it and keep it but I also have three sisters.  |
|
Pillar of the Community
United States
3343 Posts |
I on the other hand inherited the family musket. A rusty 1827 Springfield Armory converted flintlock. It might serve as a club in a fight, but it is no longer a working firearm. I thought it looked Davy Crockett cool in the living room. But my wife didn't. So now it's back in the closet, more or less like we found it at my dad's house. I guess my mom didn't like it either. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
07/20/2018 6:45 pm
|
|
Rest in Peace
United States
18456 Posts |
Is there anyway you can take photos of that Morgan front and back . We have some members here who might be able to authenticate it with a few simple tests .  If it seems to be genuine then they would recommend sending it in for grading and authenticity .  |
|
Pillar of the Community
United States
3540 Posts |
Great story!
As others have stated, I would have the 93 S graded by PCGS. As stated in the other thread, don't clean or preserve the Morgan in any way/shape/form....prior to sending in for grading.
Long term storage for coins - google "air tite", "coin safe", or "Lighthouse Coin Capsules".
|
|
Bedrock of the Community
United States
11951 Posts |
Nice story, I always enjoy reading stories like this.
Keeping the coin or selling it are both good.
If your mother .. you or your sisters are not into coin
collecting then selling it is a option. More so if the
money is needed for something else.
Getting the most for your coin can take time. It is a very
good date coin, but it does have some problems.
It is a little dark.
It has a rim ding, light scratches and a hit on the reverse.
If you could get a straight grade, from a grading company,
those will not matter as much. If you take it to a dealer
many will give you a low offer, because of problems I listed
above and the potential that it is fake. That is why having it graded
and authenticated would help in selling.
I think it is real, but for a coin like this I would have
to inspect it is hand or buy one that is slabbed (graded)
It is very hard to get anywhere near the prices you see in the
coin guides. If you sell in auctions there will be selling fees.
Dealers will have to buy back of what they will try to sell
it for, to make a profit.
It is still a very nice coin to own.
|
|
New Member
United States
36 Posts |
Quote:
Is there anyway you can take photos of that Morgan front and back . We have some members here who might be able to authenticate it with a few simple tests . Here's the photos from my other thread. I did take the coin to a dealer and they did some tests on it and said it was real. They made me an offer saying it was worth more than that but they couldn't put anymore into it.   |
|
Bedrock of the Community
Canada
21597 Posts |
|
|
New Member
United States
36 Posts |
Quote:
Nice story, I always enjoy reading stories like this. Thanks! Quote:
If your mother .. you or your sisters are not into coin
collecting then selling it is a option. More so if the
money is needed for something else. We are not but this has been exciting and enjoyable for me. Quote:
That is why having it graded
and authenticated would help in selling. I have been looking into this. Just about everyone here has suggested that. Quote:
It is very hard to get anywhere near the prices you see in the
coin guides. If you sell in auctions there will be selling fees.
Dealers will have to buy back of what they will try to sell
it for, to make a profit.
It is still a very nice coin to own. Very good info, thanks Edited by Tnvol
07/21/2018 08:53 am
|
| |
Replies: 30 / Views: 3,221 |
Posted 07/20/2018 10:53 am
