1894 Morgan Plain - Coin Community Forum

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Author	Replies: 5 / Views: 1,127
bfisher690 New Member United States 5 Posts	Posted 04/02/2009 3:47 pm Hi All, I'm looking at this coin for a good friend who is a collector: http://cgi.ebay.com/ws/eBayISAPI.dl...110359829513 Beyond the blurry pictures, how does this look? I'm looking for this year coin for this price or less. It simply needs to be readable. Thanks for the help. Brian Report this Post to the Staff

SsuperDdave Moderator United States 23522 Posts	Posted 04/02/2009 4:17 pm Welcome to Coin Community, bfisher690. I wouldn't touch this coin on a bet. It's not even close to the claimed grade, in my opinion - I don't think it's any better than VG10 and probably VG8. It's pictured in a slab from a company which is notorious for overgrading and problem coins - they're not on the list of "recommended" graders - and if NNC is calling it "cleaned," well, it's probably been hit by a grinder. The asking price is that of a nice, original VG10. The value of a cleaned VG10 is considerably less. This issue, although scarce, doesn't climb dramatically in price until you reach the AU level. My advice would be to advise your friend to tack another $300 on to his budget, and shoot for a VF-XF example from a regular dealer. With judicious shopping, you should be able to land an XF40 in a reputable slab for $1500. In short, this is not a coin you buy on ebay. I see no real problem with the seller - his feedback is excellent and he's offering coins in "reputable" slabs as well - but a valuable coin in a third-world slab is a red flag. Report this Post to the Staff
Jamez Pillar of the Community United States 750 Posts	Posted 04/02/2009 9:52 pm Dave has hit a homerun on this one. I second his assessment. Step away from your keyboard and let this one pass. Report this Post to the Staff
vermontensium Moderator United States 16677 Posts	Posted 04/02/2009 9:59 pm Quote: a valuable coin in a third-world slab is a red flag. Absolutely. Not only is the coin over graded I guarantee, there is also a question of it's authenticity. Key-dates belong in major TPG holders only swcoin.ecrater.com Report this Post to the Staff
echizento Moderator United States 23731 Posts	Posted 04/02/2009 10:08 pm , Stay away from this one. Report this Post to the Staff
littleboy Pillar of the Community United States 764 Posts	Posted 04/03/2009 5:27 pm NNC is one of those companies that doesn't even bother to alter coins; they just print the wrong date on the slabs. Report this Post to the Staff
	Replies: 5 / Views: 1,127

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