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1888-S Morgan Dollar From Purchased Collection

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Jaobler's Avatar
United States
6381 Posts
 Posted 09/05/2018  5:53 pm Show Profile   Bookmark this topic Add Jaobler to your friends list Get a Link to this Message Number of Subscribers
I bought a collection from a lady whose father had stockpiled mostly generic silver coins. This dollar was one of the highlights. It looks fully lustrous and original to me. The halo effect under the date and lower stars seems unusual but I don't think it suggests the coin has been cleaned or mishandled.

What are your opinions on grade and quality?

1888-S-Morgan-Dollar-From-Purchased-Collection
1888-S-Morgan-Dollar-From-Purchased-Collection
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Coinfrog's Avatar
United States
94367 Posts
 Posted 09/05/2018  6:49 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I could see this making 65 easily. It is a very valuable coin.
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Adam_E's Avatar
United States
4846 Posts
 Posted 09/05/2018  7:33 pm  Show Profile   Bookmark this reply Add Adam_E to your friends list Get a Link to this Reply
The halo effect is quite common among toned coins from what I've noticed, especially morgans. It's essentially a "shadow" of the toning, I'm not exactly sure how it's caused, but I believe the devices were protecting the areas directly below them from toning, maybe due to insufficient contact with a material that causes toning?

In any case, it does seem to be quite attractive, and 65 is a very fair grade as frog said. The surfaces are exceptional, and though I'm not a huge fan of the toning, it does add to the originality of the coin.

Due to the massive value jump between 64 and 65, grading companies may be stricter on it, but I think it'd would be a really good candidate to send in.
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numismatic student's Avatar
United States
11880 Posts
 Posted 09/05/2018  7:55 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
I don't believe this can be gem because of the bag marks in the right obverse field, bottom of the cap and right reverse field. This is a condition rarity that jumps from $600 in 64 to about $2,500 in ms65. The coin has a weak obverse strike as can be seen in the lack of overall hair detail. It has a better reverse strike. Although there are many softly struck coins of this issue, there are also many that are well struck. There is a significant premium and discount depending on strike. This one tends toward the softer side.

I see some parallel diagonal striations on the area above the ear which is flat as a pancake. Because of the soft strike in the area, I do not think that these are die polishing lines that transferred into the coin upon striking - you would need a full strike for that to happen. Rather I think it is from the coin having had contact, perhaps as it was slid on a table.

I'm at AU58.

Beautiful scarce coin.
Edited by numismatic student
09/05/2018 7:56 pm
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SilverDollar2017's Avatar
United States
8715 Posts
 Posted 09/05/2018  8:04 pm  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply
AU-58
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westernsky's Avatar
United States
7613 Posts
 Posted 09/05/2018  8:07 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
If you send it in you'll easily get a 64 out of it.

If a big auction house sends it in they'll score a 65 out of it along with bells and whistles and stickers to boot!

(Yes, I'm a conspiracy theorist when it comes to grading results of coins sent in by regular Joes versus coins sent in by big auction houses! Grading is not anonymous----never has been, never will be!)
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Jon Brand's Avatar
United States
1023 Posts
 Posted 09/05/2018  8:16 pm  Show Profile   Bookmark this reply Add Jon Brand to your friends list Get a Link to this Reply
That is natural looking pull away toning. Somoething to do with strike hardening and how the surfaces react after but I'm not exactly sure how it forms.
Edited by Jon Brand
09/05/2018 8:19 pm
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Coinfrog's Avatar
United States
94367 Posts
 Posted 09/05/2018  8:41 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
westernsky - with you 100%.
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babysitr's Avatar
United States
1339 Posts
 Posted 09/05/2018  8:54 pm  Show Profile   Bookmark this reply Add babysitr to your friends list Get a Link to this Reply
westernsky, I believe what you describe is more fact than fiction!!! been there
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dave700x's Avatar
United States
10625 Posts
 Posted 09/05/2018  9:05 pm  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
I'm with all the 65's and that pull away toning is 100% natural. Very nice score!
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Zurie's Avatar
United States
5661 Posts
 Posted 09/05/2018  10:15 pm  Show Profile   Check Zurie's eBay Listings Bookmark this reply Add Zurie to your friends list Get a Link to this Reply
I'd also say 65. Great coin!
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Jaobler's Avatar
United States
6381 Posts
 Posted 09/06/2018  03:15 am  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
Thank you all for your comments. I do plan to put together a PCGS submission and will include this piece. I'd be quite pleased with a 64 grade.


Quote:
I see some parallel diagonal striations on the area above the ear which is flat as a pancake.

As I recall from reading about strike weakness the flat areas resulting from an incomplete strike can show striations or scratches that were on the planchet. The incomplete strike does not obliterate those lines so they persist on the struck coin. The lines on this coin look exactly like the photos I've seen that show this effect. Hope that's the explanation, anyway!
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smoke1439's Avatar
United States
397 Posts
 Posted 09/06/2018  05:39 am  Show Profile   Bookmark this reply Add smoke1439 to your friends list Get a Link to this Reply
MS-65. Great find and best of luck!
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IndianGoldEagle's Avatar
United States
36575 Posts
 Posted 09/06/2018  10:29 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
MS-65
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scopru's Avatar
United States
5029 Posts
 Posted 09/06/2018  10:40 am  Show Profile   Bookmark this reply Add scopru to your friends list Get a Link to this Reply
I am in at MS65. Beautiful coin.
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panzaldi's Avatar
United States
18640 Posts
 Posted 09/06/2018  3:49 pm  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
i can see it in as MS65 in a holder
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