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1881-S $1 Morgan Dollar #11 - 4 Of 6 Morgans Purchased Together

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numismatic student's Avatar
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 Posted 01/25/2026  11:19 pm Show Profile   Bookmark this topic Add numismatic student to your friends list Get a Link to this Message Number of Subscribers
Purchased six Morgans from a seller for about $109 each. This is the fourth of these coins. Seller had generally bad pictures and some were better than others. This was better photographed than others in the batch. Thoughts? Thanks!
1881-S-$1-Morgan-Dollar-#11---4-Of-6-Morgans-Purchased-Together
1881-S-$1-Morgan-Dollar-#11---4-Of-6-Morgans-Purchased-Together
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
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Errers and Varietys's Avatar
United States
73628 Posts
 Posted 01/25/2026  11:32 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
Maybe MS-64?
Errers and Varietys.
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panzaldi's Avatar
United States
18630 Posts
 Posted 01/26/2026  08:52 am  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
this one has a little better photos. pretty good strike for the year. surfaces look pretty good from what I can see. fields even have PL look to them. like to see this one in hand. could be in the 64 area
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IndianGoldEagle's Avatar
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36498 Posts
 Posted 01/26/2026  09:50 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
Might be MS-64.
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fortcollins's Avatar
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 Posted 01/26/2026  12:47 pm  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply
There's something going on on the cap and hair to the left of the cap vee, and some circular dings and scratches on the center of the cheek that look fairly light. The cap vee area could have a pretty big divot out of it. The reverse looks nice, with plenty of frost and just one apparent light knock near the left star.

I want to hold for the in-hand photos here.
Edited by fortcollins
01/26/2026 12:54 pm
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Greasy Fingers's Avatar
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 Posted 01/28/2026  9:54 pm  Show Profile   Bookmark this reply Add Greasy Fingers to your friends list Get a Link to this Reply
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numismatic student's Avatar
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11880 Posts
 Posted 01/28/2026  10:22 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
Some, or all of you may be less puzzled by why I bought this as there are decent photos of both sides. Part of the reason is that it is graded by PCI at this lofty grade. Looking forward to seeing what shows up at my doorstep. Seller is currently digging out of a recent snowstorm so no idea when it will get here.
1881-S-$1-Morgan-Dollar-#11---4-Of-6-Morgans-Purchased-Together
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
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fortcollins's Avatar
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3622 Posts
 Posted 02/01/2026  4:07 pm  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply
Yep, from the slab photos, these all look like the Centsles era slabs with the PCI label.

Just from my experience, every coin I've ever seen in that kind of slab experiences more grade deflation than a Tom Brady football. They may still be decent coins, but expect them to be much closer to Kentucky-Indiana-Illinois Avenues than Park Place or Boardwalk.
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numismatic student's Avatar
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11880 Posts
 Posted 02/01/2026  5:05 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
I remember the centsles era and recall that he had a lot of the PCI holders with the green and red borders with the small grade in the center with a piece of tape over the grade in his ebay listings. I don't recall these later ones, but these are the ones that got sued for being flagrantly overgraded under their new management.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
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fortcollins's Avatar
United States
3622 Posts
 Posted 02/02/2026  11:25 am  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply
I could be wrong on this, but I think the changeover occurred during these black labels. I remember the red and green labels, too. FWIW, I haven't seen counterfeits in these labels, but the "grading" is horrid. I forgot about the lawsuit. That was a bad situation all around for the hobby, collectors, legit dealers, everyone.

Off the top of my head, I can't recall seeing any coin that would grade above MS-64 in the black labels. It's certainly possible that something better is in there, but what I saw at shows right before the start of the pandemic was a sea of MS-63s and some MS-64s palmed off as everything under the sun. There were a few cleaned coins in those holders, but most were straight grading coins, and actually pretty decent ones, just wildly overgraded.

Getting the coins out of these holders is another adventure. (I used a vise, wood inserts to protect the coins, and a hacksaw.) It's strangely satisfying to free the coins from these prisons, though.
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numismatic student's Avatar
United States
11880 Posts
 Posted 02/21/2026  10:39 am  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
This came in. Thoughts? Thanks!
1881-S-$1-Morgan-Dollar-#11---4-Of-6-Morgans-Purchased-Together
1881-S-$1-Morgan-Dollar-#11---4-Of-6-Morgans-Purchased-Together
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
Valued Member
United States
395 Posts
 Posted 02/21/2026  11:00 am  Show Profile   Bookmark this reply Add Odee13 to your friends list Get a Link to this Reply
Solid 64
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panzaldi's Avatar
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18630 Posts
 Posted 02/21/2026  12:50 pm  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply

Quote:
every coin I've ever seen in that kind of slab experiences more grade deflation than a Tom Brady football.


the obv photo is a little blurry showing the cheek. there may be more marks than we are seeing in the photo. lots of shadowing going on also. I dont think we are seeing what the actual coin looks like in hand

MS63
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Mrhakfbacon's Avatar
United States
558 Posts
 Posted 02/21/2026  6:07 pm  Show Profile   Bookmark this reply Add Mrhakfbacon to your friends list Get a Link to this Reply
MS64 max.
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fortcollins's Avatar
United States
3622 Posts
 Posted 02/23/2026  12:24 pm  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply
PCI being PCI, I expected a Stephen King horror here, but it isn't. It's actually an average mid-UNC for the date with decent luster and possibly SPL. There's a lot of chatter on the obverse, but most of it is fairly light. The obverse looks MS-63, and the reverse looks MS-64/64+. The date doesn't get much grace from the graders, so I see MS-63+ here. On a bourse floor, it's a high MS-63 or low MS-64 bubble coin. Decent coin.
Edited by fortcollins
02/23/2026 1:36 pm
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IndianGoldEagle's Avatar
United States
36498 Posts
 Posted 02/23/2026  12:29 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
I'm still at MS-64. Always a gamble buying from crappy photos.
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