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Morgan Question With 1878 S .

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Pillar of the Community

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 Posted 01/16/2023  2:30 pm Show Profile   Bookmark this topic Add Roma2021 to your friends list Get a Link to this Message Number of Subscribers
I've posted a few threads on Morgans on the forum as I try to figure these out... I'm finding them in Rome for €30 or less... I bought 8 today at €26.25 or €27.50... the coin below is one I picked up a few weeks ago for about the same price... Common date, but cleaned, of course. Am I on point paying about $27.50?


Morgan-Question-With-1878-S-.


Morgan-Question-With-1878-S-.
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Bump111's Avatar
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3324 Posts
 Posted 01/16/2023  4:32 pm  Show Profile   Bookmark this reply Add Bump111 to your friends list Get a Link to this Reply
$27.50 is a decent price for any Morgan at this time. Just have to ensure they are genuine (this one looks fine based on images.)
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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 Posted 01/16/2023  4:38 pm  Show Profile   Bookmark this reply Add Roma2021 to your friends list Get a Link to this Reply
@Bump, I see a lot of fakes in Rome; the fakes I come across are under or overweight, clearly tooled, look wrong, ie bubbly letters and signs of tooling, and never ping on pingcoin. I am prett confident in spotting a fake. I am just out of line with with pricing in the U.S. - ebay and youtube are my only real gauges on price. thanks for the confirmation.
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ericgreen's Avatar
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 Posted 01/16/2023  5:39 pm  Show Profile   Bookmark this reply Add ericgreen to your friends list Get a Link to this Reply
That is a great price
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Jester's Avatar
United States
210 Posts
 Posted 01/16/2023  10:49 pm  Show Profile   Bookmark this reply Add Jester to your friends list Get a Link to this Reply
I'd buy those Morgan's all day long at that price. Nice finds!
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Jester's Avatar
United States
210 Posts
 Posted 01/16/2023  10:51 pm  Show Profile   Bookmark this reply Add Jester to your friends list Get a Link to this Reply
I should add this one doesn't jump out at me as being cleaned. Does it have the cartwheel luster when turned? The reverse kinda looks like it might.
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 Posted 01/16/2023  10:54 pm  Show Profile   Bookmark this reply Add NumismaticsFTW to your friends list Get a Link to this Reply
This coin is definitely cleaned, it is very apparent.

$27 Euros actually comes out to $30 US dollars.

Decent price, I personally wouldn't buy any and all for $30, but rather pick out the nicer ones.

You realize when you know how to think, it empowers you far beyond those who know only what to think.

-Neil deGrasse Tyson
Edited by NumismaticsFTW
01/16/2023 10:59 pm
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 Posted 01/17/2023  01:25 am  Show Profile   Bookmark this reply Add Roma2021 to your friends list Get a Link to this Reply
@numismatics... Morgans at at $27.50 or €26-26.25...
The coin is definitely cleaned/polished. I can see hairlines throughout the fields... Etc.

Here are some I bought yesterday at €26.25


Morgan-Question-With-1878-S-.
Morgan-Question-With-1878-S-.
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 Posted 01/17/2023  02:20 am  Show Profile   Bookmark this reply Add Roma2021 to your friends list Get a Link to this Reply
Here's a link to a thread with the types of painful fakes I see all around rome . . . http://goccf.com/t/418474
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panzaldi's Avatar
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 Posted 01/17/2023  09:04 am  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
this looks legit. i'll go with AU55. it looks a little dull for a mid AU coin however it may have been dipped a while ago and retoned. it might grade straight.
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 Posted 01/17/2023  11:16 am  Show Profile   Bookmark this reply Add Roma2021 to your friends list Get a Link to this Reply
Thanks @Pan!

This coin does have polishing hairlines in the fields; most coins I find in Rome have been dipped or polished; I have found about 50-60 Morgans (and about 30 Peace) and I suspect about 10-15 haven't been cleaned; of those . . . maybe 6-8 are heavily circulated.

I'm curious what cleaned Morgans and Peace sell for in the U.S. - ones like the coin above with hairlines . . .

Thanks!
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Bump111's Avatar
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 Posted 01/17/2023  1:22 pm  Show Profile   Bookmark this reply Add Bump111 to your friends list Get a Link to this Reply
I was at a local show in NC over the weekend and saw circulated common-date coins selling between $30-$40. Prices are easing down in the last few months.
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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 Posted 01/17/2023  1:25 pm  Show Profile   Bookmark this reply Add Roma2021 to your friends list Get a Link to this Reply
Thanks @Bump. I imagine there are a lot of sellers right now; at least from what I hear about prices in the U.S.
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panzaldi's Avatar
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 Posted 01/17/2023  2:06 pm  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply

Quote:
This coin does have polishing hairlines in the fields;


the photos do not show this
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 Posted 01/17/2023  2:44 pm  Show Profile   Bookmark this reply Add Roma2021 to your friends list Get a Link to this Reply
@pan...thank you again... Here's the closest I can get to a photo of the hairlines... In curious how this impacts the value of a Morgan... Most aren't this polished but many are at least dipped.


Morgan-Question-With-1878-S-.


Morgan-Question-With-1878-S-.
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 Posted 01/17/2023  6:55 pm  Show Profile   Bookmark this reply Add NumismaticsFTW to your friends list Get a Link to this Reply
Panzaldi-

It is very obvious this coin has issues, and the fact you cannot see that is concerning.
You realize when you know how to think, it empowers you far beyond those who know only what to think.

-Neil deGrasse Tyson
Edited by NumismaticsFTW
01/17/2023 9:00 pm
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