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1903 Morgan

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United States
436 Posts
 Posted 12/28/2009  8:06 pm Show Profile   Bookmark this topic Add coretj to your friends list Get a Link to this Message Number of Subscribers
Just picked this up and need some help with the grade... I don't know what to make of the LK.

1903-Morgan

1903-Morgan
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echizento's Avatar
United States
23731 Posts
 Posted 12/28/2009  9:25 pm  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
This looks like a pocket coin for a person with the initals LK. Detail wise it would grade at VG-8.
Valued Member
United States
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 Posted 12/28/2009  9:44 pm  Show Profile   Bookmark this reply Add coretj to your friends list Get a Link to this Reply
Does the LK lower the grade?
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echizento's Avatar
United States
23731 Posts
 Posted 12/28/2009  9:53 pm  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
Yes, With the initials it is not really a gradable coin any longer. and it's only worth melt value.
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Jaobler's Avatar
United States
6406 Posts
 Posted 12/29/2009  12:50 am  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
It should be worth well over melt, given that the 1903-O is a much better date. In no-problem VG grade it lists for over $300 retail. It may have other issues than just the counterstamp. The color is odd, the 3 in the date appears damaged or misshapen, and the coin appears slightly off-centered with an extra-wide rim from about 2:00 to 7:00.

I'd check the weight and carefully inspect for other damage and/or evidence that it might be a counterfeit. If it is genuine I expect it should still be worth $50 or more.
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Tim Stroud's Avatar
United States
2661 Posts
 Posted 12/29/2009  08:58 am  Show Profile   Bookmark this reply Add Tim Stroud to your friends list Get a Link to this Reply

Quote:
The color is odd


Looks a little brassy to me. For a Morgan to have only 10% copper there seems to be too much green on this one. I hope you got for close to melt.
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