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 Replies: 10 / Views: 2,254 |
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Pillar of the Community
United States
819 Posts |
For the first time ever I am seriously considering getting a coin slabbed. I have acquired an 1878 P Morgan that is the finest Morgan I have ever seen. Since the higher grades of MS are worth considerablhy more than I paid for it ($51) I thinking of getting it slabbed and reselling, using the gain to buy more Morgans. Questions: When it comes to VAM's I am in over my head, does any TPG identify VAM's? I have heard ANACS is preferred, how long is turn-around time from submission to receiving the coin back? I assume I have to go through a dealer and some time make be taken before the dealer submits for a "quantity discount". If the above is the case, does the dealers pass on the discount or is this there fee for submission? Any other suggestions? (This Morgan is the first I have seen with such eye appeal, no visible bag marks, scratches, etc, nice luster, hoping for MS 65 on it) Edited by basicbob101
04/08/2010 2:27 pm
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Pillar of the Community
United States
1523 Posts |
Firstly,if I were you I would submit it myself.There must be a benefit for a dealer to do it for you and of course, that would be a fee for him to do it.Go to their website and see if they have any specials.Secondly,ANACS will verify your VAM for an additional fee of 5 dollars or will do the research themselves for an additional fee of 10 dollars and that is per coin on top of the grading charge.When I had mine done they said it could take additional time for the research but it didn't.I believe they just say that to cover any delays on their part. |
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Pillar of the Community
United States
2335 Posts |
If it was my coin I'd take the best picture I could & get grading and VAM opinions right here first. Never hurts to have a few opinions before laying out cash. |
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Moderator
 United States
23522 Posts |
There are a lot of considerations here. First, only ANACS attributes all VAM's. Second, only the very most popular VAM's attract serious attention on resale. Most VAM's, believe it or not, go for bigger money unattributed - apparently people like to think they're cherrypicking. First, let's attribute your coin. Then we'll decide how/if it'll be worth liquidating. |
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Bedrock of the Community
United States
14454 Posts |
another thing that wasn't mentioned some morgans look allot better than others and if all you have seen is very worn Morgans then an AU morgan would be beautiful to you but would not really be worth grading unless a very rare VAM. another thing is "pretty" doesn't always mean original either, if you are not good at detecting cleanings or whizzing you may be disappointed if you send it in and it comes back in a problem holder |
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Pillar of the Community
United States
3076 Posts |
Bryan is absolutely correct.....TPG's want you to send in your coins, many times the fee's eat up what the coin may be worth....now you have spent more than the coins are worth, Even VAM coins, if not on the special lists don't warrant special money as nobody is collecting every VAM Know what your sending in and if its worth the time and the money.. |
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Pillar of the Community
 United States
819 Posts |
posting photos, they make the coin look worse than it is but maybe that is for the best, tried several lighting situations to get better photos but I am still not very good at that.  |
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Pillar of the Community
United States
819 Posts |
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Pillar of the Community
United States
3076 Posts |
Did you send it in? VAM 83 I think |
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Pillar of the Community
3660 Posts |
Quote:Most VAM's, believe it or not, go for bigger money unattributed - apparently people like to think they're cherrypicking. THAT is probably the most important thing to understand about having a coin VAM attributed on its slab. Another consideration is to 'how accurate is the VAM attribution given by a TPG'? ANACS, (by virtue of the man who does the attributing there) holds a very significant advantage over the other TPGs. There are plenty of misattributions floating around in plastic without the orange ANACS label on them. edited for spelling. Edited by zeewool
07/18/2010 08:49 am
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Bedrock of the Community
United States
14454 Posts |
it is a VAM-83 which is probably the second most common B1 Reverse 1878 Morgan VAM after the VAM-84, VAM-84A. The High 1 in the date along with the long nock confirms this variety. I have seen MS-62 VAM-83's sell for about what you would have in the coin after grading is you paid $51.00 as you stated above |
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Replies: 10 / Views: 2,254 |
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Posted 04/03/2010 1:22 pm
