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1878 Morgan Dollar VAM-70

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Bryan1315's Avatar
United States
14454 Posts
 Posted 03/03/2006  8:18 pm Show Profile   Bookmark this topic Add Bryan1315 to your friends list Get a Link to this Message Number of Subscribers
I know this is a VAM-70 but would like to know if it's worth sending in to get regraded or not because it was graded as a MS-64DPL by a no-name company and I was just wondering what you all thought about it. I was thinking about maybe a MS-62PL but that is a Big MAYBE but would like some feedback because my grading skills lack a lot to be desired so please help me out with this one fellow collectors and I will be forever in your debt. I have added a picture of the doubling in the "RIB" just to prove it is a VAM-70

1878-Morgan-Dollar-VAM-70 1878-Morgan-Dollar-VAM-70 1878-Morgan-Dollar-VAM-70
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Susanlynn9's Avatar
United States
5877 Posts
 Posted 03/04/2006  08:23 am  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
The devices look frosty, but it's very hard to tell if the fields are mirrored enough or what the luster is like from the pics (are these scans?) Scans tend to show great detail but no luster.

If the luster is fine and fields are mirrored, I think you might be dead-on with your MS62 PL grade. I think there may be too many hits on the obverse to make a 63.

Whether or not to send it in is a personal choice. If the rest of your collection is encapsulated, then you may want to. A slab will also protect the coin.
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Bryan1315's Avatar
United States
14454 Posts
 Posted 03/04/2006  10:44 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
Yes mam they are scans, I do not have the coin in hand I was sent these photos by a friend to help him try to grade it. I have seen it in person but it was before I found this forum and I told him yesterday to send me some pictures and I would post them here for a little help from all of you. The reason you stated with all the marks on the cheek and neck are the reasons I graded it so low because it is a beautiful coin if it werent for those few marks. I know I am VAM stupid but I do know my B1 reverse Morgans thats how I was able to attribute it as a vam-70. But heck a vam-70 in ms-62pl is still a pretty good find because that happens to be one of them I need to finish my B1 reverse set. Thanks for the help I realy appreciate it
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Morgan Fred's Avatar
United States
2684 Posts
 Posted 03/05/2006  11:07 pm  Show Profile   Bookmark this reply Add Morgan Fred to your friends list Get a Link to this Reply
Bryan, if I had to go only by the scans to grade this Morgan, I wouldn't be able to put it any higher than MS-60 or -61; it might even come back AU. However, since I'm in the same boat with a scanner which exaggerates tiny marks and invents marks where they don't exist at all, and with a poor digital camera, I gotta allow for all this. If the fields are as clear as I think they are, scans notwithstanding, it might go MS-62, but I don't think it would go higher.

I'm not a VAM expert at all, but generally the market for VAMs isn't much different than for the basic coin except for certain exceptions (e.g., 1890CC tail bar) and for VAM collectors. With over 3000 Morgan VAMs and more being found every week, it seems, most tend to be lumped with the basic issue.

Fred
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Bryan1315's Avatar
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14454 Posts
 Posted 03/28/2006  10:32 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
I know this was posted along time ago but just wanted to say something about the VAM-70, it does however bring a pricey premium, it is a TOP-100 Coin it is described as "Doubled R-I-B" variety. Similar to 8TF VAM 5 obverse, the VAM 70 enjoys the highest premium for any 7-TF B1 Reverse. Even though this coin isn't a very good example of a VAM-70 they are the "key" coin for he B1 reverse sets and running a close second is the VAM-79 which is a HOT-50 morgan. Both have a Top Pop of MS-64 from all top 3 TPG's
Edited by Bryan1315
03/28/2006 10:48 pm
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Morgan Fred's Avatar
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2684 Posts
 Posted 03/28/2006  11:07 pm  Show Profile   Bookmark this reply Add Morgan Fred to your friends list Get a Link to this Reply
Bryan, I think it would be more of a value judgement whether or not it would be financially worth it to have this or any other Mint State Morgan regraded by a reputable TPG. If it's in a non-tiered grading company's slab (note: I do not use the word "service") such as NTC, ACG, NNC, SGS, CCGS, and a few dozen others, it's market value (say, on ebay or, even worse, at a show) will always be several grades lower than the grade presented on the encapsulation, even if the grade happens to be accurate when compared with the top-tiered TPGs of ANACS, NGC, and PCGS. In my not-so-humble opinion, it IS worth it to get ANY uncirculated Morgan slabbed if for no other reason than to protect it for future generations. Cost for grading and slabbing of an MS Morgan then becomes irrelevant, even if it's a very common date with little actual market value and the cost for grading is more than the value of the coin.

Just my two 1856 FE Cents' worth.

Fred
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