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Made My First Big Lot Purchase Of Morgan's

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Ondiwave's Avatar
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 Posted 08/05/2023  5:04 pm Show Profile   Bookmark this topic Add Ondiwave to your friends list Get a Link to this Message Number of Subscribers
So I made my first big purchase and it was 9 morgans for $1100. Most are anacs graded, 1 PCGS and a couple from lesser TPG's.
I also got an ungraded morgan & Peace dollar (not worth grading). I'm hoping I did ok. I know its usually just a 1 coin per post so I wont post pictures. I'm wondering if it's better to break the less TPG's out of their holders? and if so, how do I do that?
Thanks!!
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HondoB's Avatar
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 Posted 08/05/2023  5:32 pm  Show Profile   Bookmark this reply Add HondoB to your friends list Get a Link to this Reply
Ondiwave, I'd like to see the hoard you acquired! It's your thread, so feel free to post them.
As for the lesser TPG slabs, you'd be surprised at how easily they pop open with a Swiss Army knife.
Inordinately fascinated by bits of metal with strange markings and figures
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Slider23's Avatar
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 Posted 08/05/2023  6:34 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
It depends on dates and grades to determine if the price was OK.
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nickelsearcher's Avatar
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 Posted 08/05/2023  6:52 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
Congratulations on your dive into the Morgan world.

Show them to us any way you can and we'll give you the best input we can.
Take a look at my other hobby ... http://www.jk-dk.art
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Dearborn's Avatar
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 Posted 08/05/2023  7:03 pm  Show Profile   Bookmark this reply Add Dearborn to your friends list Get a Link to this Reply
We do post multiple coins in a single topic when we are displaying a series of coins. (I did many times already)
I would love to see your coins posted up here.
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HondoB's Avatar
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 Posted 08/05/2023  10:12 pm  Show Profile   Bookmark this reply Add HondoB to your friends list Get a Link to this Reply
Come on, Ondiwave - show us the goods!
Inordinately fascinated by bits of metal with strange markings and figures
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John1's Avatar
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 Posted 08/06/2023  04:47 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
Don't forget to check for VAMS
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kbbpll's Avatar
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 Posted 08/06/2023  09:19 am  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply
In lieu of images you could at least post a list of the year/mints and the TPG grades. It's also not clear if the two "not worth grading" are included in the 9 or if you have 11. So you either paid $122 each or $100 each. Hard to say if you did OK without more info.
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 Posted 08/06/2023  8:18 pm  Show Profile   Bookmark this reply Add NumismaticsFTW to your friends list Get a Link to this Reply
Lets see some pics
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Ondiwave's Avatar
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 Posted 08/07/2023  07:54 am  Show Profile   Bookmark this reply Add Ondiwave to your friends list Get a Link to this Reply
Yay! ok great! Here's what I got!

Made-My-First-Big-Lot-Purchase-Of-Morgan's
Made-My-First-Big-Lot-Purchase-Of-Morgan's
Made-My-First-Big-Lot-Purchase-Of-Morgan's
Made-My-First-Big-Lot-Purchase-Of-Morgan's
Made-My-First-Big-Lot-Purchase-Of-Morgan's
Made-My-First-Big-Lot-Purchase-Of-Morgan's

The Vams are overwhelming lol & I don't even know how to start!
Edited by Ondiwave
08/07/2023 08:08 am
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Ondiwave's Avatar
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 Posted 08/07/2023  08:06 am  Show Profile   Bookmark this reply Add Ondiwave to your friends list Get a Link to this Reply
1883-0 MS 60
1879-S MS 63
1901-0 MS 62
1885-0 MS 63
1884 CC MS 63
1878-S MS 60
1896 MS 65
1882-S MS 65
1881-S MS-63
Also these
1922 Peace dollar not graded
1884 Morgan dollar not graded

Made-My-First-Big-Lot-Purchase-Of-Morgan's
Edited by Ondiwave
08/07/2023 08:12 am
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Dearborn's Avatar
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95200 Posts
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Ondiwave's Avatar
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 Posted 08/07/2023  08:17 am  Show Profile   Bookmark this reply Add Ondiwave to your friends list Get a Link to this Reply
@dearborn Really!? ok phew. I was a little worried after reading about the lesser TPG companies.

So worth breaking them out of those slabs for sending into NGC or PCGS? Or leave them as is?
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John1's Avatar
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 Posted 08/07/2023  09:31 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
You might have a harder time selling the ones in basement slabs,NNC-PCI-PGA.
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kbbpll's Avatar
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4233 Posts
 Posted 08/07/2023  11:40 am  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply
In my experience you should treat the NNC as raw coins. Judge them yourself, their grades are meaningless. I don't know about PCI or PGA, but I suspect you can forget about that PCI coin being MS67.

I was going to add up the value but now I don't know what you actually bought. 1883-0 MS 60 and 1878-S MS 60 are in your list but not in your pics, 1890-O MS61 (PCGS) and 1886 MS67 (PCI) are in your pics but not in your list, and 1879-S MS 63, 1885-0 MS 63 and 1884 CC MS 63 are all imaged twice.

As such, I can only reliably check the price guide on 5 coins (but still not sure what you actually bought). The 1884-CC MS63 with a NGC value of $390 was a good score and pulls the average up, but the other 4 are all listed at $85-110, right around the $100/coin you paid. Then 6 of 11 coins are raw or unreliable TPG, so whether you did OK or not is really up in the air.

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 Posted 08/07/2023  12:50 pm  Show Profile   Bookmark this reply Add NumismaticsFTW to your friends list Get a Link to this Reply
The CC is bringing your average up, but even then its in an Anacs holder.

So far it looks like you overpaid.

But then again not everyone can get the same deals.
You realize when you know how to think, it empowers you far beyond those who know only what to think.

-Neil deGrasse Tyson
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