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 Replies: 11 / Views: 3,127 |
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Valued Member
United States
102 Posts |
Edited by New Mismatist
06/28/2010 09:10 am
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Pillar of the Community
United States
1055 Posts |
Nice coin. It is one of the nicer Monroe coins I have seen as most of them have a horrible colored or splotched toning that hides the detail of the coin. I would give it a MS-64
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Valued Member
 United States
102 Posts |
Thanks for the feedback. I can't say this is one of my favorite designs. I really like the reverse, but obverse with the heads of Monroe and Adams on it doesn't really do much for me.
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Moderator
 United States
188052 Posts |
Very nice!  I just read the write-up. As suspected, it seems that Hollywood was just looking for some cash and the Monroe Doctrine centennial was a convenient ploy. Amazing! That story alone makes me want one.  |
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Valued Member
United States
102 Posts |
I wouldn't consider myself a religious person, but using the words "In God We Trust" on a coin designed to benefit Hollywood fundraisers just seems a bit off to me. ;)
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Moderator
United States
15403 Posts |
Pleased to see you doing your research New Mismatist. You have this coin pegged indeed as another example of greed in the Classic series .......... the reason for minting this coin was money for the Motion Picture Industry. By absolute coincidence their need for cash coincided with the 100th anniversary stated on the coin ... a joke and manipulation of the USA coinage system that seems alien to us today. BTW ..... wait until you get to a few others in your collection ... this 1923 coin is an example of organizational greed ...... there are several coins in the series that were pushed through and struck for personal greed ..... You can get a head start and read the stories of these .... 1935 Spanish Trail 1936 Cincinnati Musical Center 1936 Cleveland Anyways ...... not to worry .... there are also many coins that actually commemorated events of national significance that were distributed equitably ..... you'll discover those as well. I say again that the Classic US Silver Commemorative series is a wonderful journey filled with history, great and poor design and political intrigue. To your coin shown here ...... this is a lovely example of an ugly coin.  Hopefully you caught the part that described Chester Beach reverse design was actually a plagiarized copy of a design copyrighted in 1899 by a fella named Ralph Beck? Another example of shenanigans with this particular coin. This is about as well-struck as a Monroe gets. The high point of the design is Adam's cheek on the obverse ...... is that rub I see there? If so this is another AU-58 slider ..... if not .... well struck MS-64 +- ..... either way this is a fine example of what most collectors today consider to be an ugly, poorly struck coin. David |
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Valued Member
United States
102 Posts |
I love coins with a good story behind them! :D Really, Morgans are just so boring. (Kidding, of course. They're beautiful.)
That's not rub on the cheek, it's actually a rainbow toning of some kind, highlighted perhaps by the lighting in my studio.
And I love that you call it a "lovely example of an ugly coin." Perfect!
Cheers!
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Valued Member
United States
102 Posts |
And the grade from PCGS is.
MS-65
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Moderator
United States
15403 Posts |
Excellent ...... PCGS MS65 for this coin is great news for you. Please allow me to explain why ..... If you have been doing your research then you will have come across the concept that David Bowers calls the "Optimal Collecting Grade" (OCG). The OCG is the price point whereby any coin takes a significant jump in cost from one technical grade to the next, and most knowledgeable numismatists will settle for the lower grade. For this coin .... 1923-S Monroe Doctrine ..... the OCG is MS64. For some numbers ..... consider this ... Numismedia FMV in MS64 is $388 Numismedia FMV in MS65 is $1630 Soooo ..... you have a top-tier PCGS slabbed coin graded 1 technical grade above OCG ..... and... as I said before ..... a lovely example of an ugly coin. Congratulations I say! I'm still searching for my MS64 example of this coin. David Take a look at my other hobby ... http://www.jk-dk.art |
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Valued Member
United States
102 Posts |
Wow! Thanks for the info, David. Interesting about the OCG thoughts.
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Moderator
United States
15403 Posts |
Just for fun ... not trying to hijack this post .... Compare New Mismatist PCGS MS65 Monroe (above) .... congrats again .... about the best I have ever seen .... with my well circulated G-4 Monroe .... Hopefully the comparison makes the point that both ends of the collecting grade for this classic series have worth ...... I truly enjoy the high-end coins ..... but am also finding a special affection for the baseline designs left behind in the circulated coins. My G-4 photos ...   Same coin .... each at absolute different ends of the collecting spectrum .... best to worst .... the joy for me is that I can learn something from each coin .... and that is what makes this hobby great fun. Uhhhmmm ..... OK .... sending the thread back to you again New Mismatist.  David Edited for splleging.  Take a look at my other hobby ... http://www.jk-dk.artEdited by nickelsearcher
07/28/2010 9:34 pm
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Valued Member
United States
102 Posts |
Agree, David.
For me, the joy of finding worn coins is in the tactile nature of being able to handle them freely. I mean, my MS-65 Monroe is safely housed in ugly PCGS plastic now, so I'll never feel the weight of the coin in my hands again. But yours is a coin to be handled, admired and enjoyed in-hand for years.
Cheers!
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Replies: 11 / Views: 3,127 |
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Posted 06/28/2010 11:04 am
