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Two Morgan Dollasrs From A Pawn Store - Opinions Requested

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dbrablec's Avatar
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1944 Posts
 Posted 08/05/2019  1:52 pm Show Profile   Bookmark this topic Add dbrablec to your friends list Get a Link to this Message Number of Subscribers
first - I usually do not purchase these types of coins. I seldom have the available budget. and second - I ususally do not ask "how did I do" value opinions. I am really just asking approximate grade - and approximate collector value. the first is a 1889P, the second is an 1880P.

i am certain they are, relitavely common Morgans. the 1889a clearly higher grade coin.

any opinions are appreciated.

(for what it may be worth I paid $45 for both coins.)

Two-Morgan-Dollasrs-From-A-Pawn-Store---Opinions-Requested
Two-Morgan-Dollasrs-From-A-Pawn-Store---Opinions-Requested
Two-Morgan-Dollasrs-From-A-Pawn-Store---Opinions-Requested
Two-Morgan-Dollasrs-From-A-Pawn-Store---Opinions-Requested
Edited by dbrablec
08/05/2019 1:53 pm
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westcoin's Avatar
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9792 Posts
 Posted 08/05/2019  2:18 pm  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
They both look okay, The 1889 is probably a mid range AU
the 1880 is EF40 maybe details depending on scratches I see on the obverse. Be sure to check both for VAM at vamworld.com I've found a few of my better VAM varieties at pawn shops and in the junk buckets. These more common dates usually don't get much of a look beyond the grade and price by dealers buying them as bullion only.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
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HGK3's Avatar
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 Posted 08/05/2019  2:36 pm  Show Profile   Bookmark this reply Add HGK3 to your friends list Get a Link to this Reply
I think you did very well for the price you paid.

The 1889 is probably mid to high AU but could be low MS. The marks on the obverse around the chin/cheek areas are hard to see clearly and will probably be what determines where it would land on the grading scale.

The 1880 has some breast wear on the reverse and some more marks on the face that bring it down. Probably EF 40 - 45 depending on the severity of the obverse marks.

I also agree with the previous poster - always be sure to check your Morgans at VAMWorld.com. A little error can make a big difference in value.

I'd say the 1889 probably gets $25-$35 on ebay, perhaps a little higher with good photos while the 1880 goes for $20 - $30.
Edited by HGK3
08/05/2019 2:44 pm
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Coinfrog's Avatar
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 Posted 08/05/2019  2:52 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Good value for the money!
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T-BOP's Avatar
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 Posted 08/05/2019  6:16 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
About right , You Did Not Over Pay .
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moxking's Avatar
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 Posted 08/05/2019  7:54 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
You did fine and I agree with the previous grade assignments.
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fortcollins's Avatar
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 Posted 08/05/2019  8:06 pm  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply


Checking VAM varieties will also strengthen your knowledge of the Morgan's design and strike features and your ability to spot counterfeits and altered date/mm coins. It's an excellent educational tool.
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SilverCents's Avatar
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 Posted 08/05/2019  10:56 pm  Show Profile   Bookmark this reply Add SilverCents to your friends list Get a Link to this Reply
Not a bad deal, you did good!
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dbrablec's Avatar
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1944 Posts
 Posted 08/06/2019  08:43 am  Show Profile   Bookmark this reply Add dbrablec to your friends list Get a Link to this Reply
Thank you all for your comments and opinions.
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IndianGoldEagle's Avatar
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36826 Posts
 Posted 08/06/2019  10:20 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
22.50 each is a good buy for these.
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dbrablec's Avatar
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1944 Posts
 Posted 08/06/2019  11:20 am  Show Profile   Bookmark this reply Add dbrablec to your friends list Get a Link to this Reply
so...i took your suggestions, of searching for a VAM designation...

wow....

what a project....

i viewed about 30 of the 1880P listed VAM designations..

i can say that my 1880P does not match the description of the "normal die"...but I also have not found any other designation - that matches it - ether...(what a project)...
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dbrablec's Avatar
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1944 Posts
 Posted 08/06/2019  11:34 am  Show Profile   Bookmark this reply Add dbrablec to your friends list Get a Link to this Reply
the 1889P may be a VAM-7 high 9 (but I am still working of verification)...
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westcoin's Avatar
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9792 Posts
 Posted 08/06/2019  2:10 pm  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
I applaud you dbralec! Just by taking the time to do this, shows a level of collecting interest not seen by many in the hobby. Now all Morgan and Peace dollars have a VAM designation, however only a few are worth a good premium, I'd narrow my searches (in the future) down to TOP 100 or Hot 50 listed coins. This is where you find a coin at a price like you paid and are able to flip it to a collector or dealer for a substantial profit, or at least a profit.

VAMming can be a fun hobby in itself. I often do this and Overton half dollars, Sheldon, Newcomb with Large cents, Cohen with Half Cents on unlisted high quality auction photos at sites like Heritage, Stack's/Bowers, Goldman. Learn some and enjoy looking at coins I probably will never be able to afford. I'm also lucky to live near Heritage Auctions so I go to their office for in hand auction viewing as often as I can too. Never turn up a chance to register for bidding at a major coin show and spend some time at auction lot viewing seeing coins in hand with time to study them yourself.

Getting a copy of the TOP 100 book is helpful when making rounds at shops, though you don't really want to let the owners know what you are doing, I'd suggest going in seeing what they have first, taking note of dates and mint marks, then step away refresh your memory on the ones to look at again search your notes then make your purchases. You can do this easy enough by writing down the list, saying you need to check it against your list of coins you already have.

Also don't overlook coins that already may have a VAM listed for it, many times they are NOT correct. I've seen a $5K score picked up that way. A VAM listed as 1878-P VAM 33 was actually a VAM 44 (one of the most expensive and rarest VAMs known)

Glad to see you are trying your best on the VAMs it's not easy to learn, but like most things - with practice it becomes easier and pays off.

If you really want a challenge, look to 1878-P and 1921 Morgans.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
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dbrablec's Avatar
United States
1944 Posts
 Posted 08/06/2019  2:48 pm  Show Profile   Bookmark this reply Add dbrablec to your friends list Get a Link to this Reply
thanks for you encouragement....

as my time allows - I will continue the quest....
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jbuck's Avatar
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189053 Posts
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20753 Posts
 Posted 08/07/2019  10:05 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Hope your research pays off. Nice coins.
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