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 Replies: 14 / Views: 1,412 |
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Pillar of the Community
Canada
4944 Posts |
Hello, These coins are for sale on ebay, I am just wondering what you guys would grade them, I have an idea in mind but I am new to collecting Morgans. Coin 1: 1887 Morgan  Coin 2: 1888-O Morgan  Coin 3: 1898-O Morgan  Coin 4: 1899-O Morgan (Die Crack almost completely around writing on Reverse)  Coin 5: 1902-O Morgan  Thanks |
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Pillar of the Community
United States
4989 Posts |
All appear to be mint state.
After seeing how harsh PCGS was on some of the other coins on this thread I'm going to be more conservative for this set:
MS-62, MS-61, MS-63, MS-62, MS-62
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Pillar of the Community
 Canada
4944 Posts |
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Moderator
 United States
23731 Posts |
I'm going to say the first 3 are MS-63 and the last 2 are MS-64. Very nice coins.
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Pillar of the Community
United States
1534 Posts |
Quote:
I'm going to say the first 3 are MS-63 and the last 2 are MS-64. Very nice coins.
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Moderator
United States
23522 Posts |
I generally agree with the opinions already expressed; Coin 2 might be 62.
Keep in mind, these are not rare in such grades and do not deserve....enthusiastic bidding.
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Pillar of the Community
Canada
4944 Posts |
Quote:
Keep in mind, these are not rare in such grades Hi SuperDave, I know these coins are not rare in these grades. I am trying to get a few nice Morgans for good prices, just so I can have a few in my collection, and possibly put a set together in the future. And thanks everyone who gave their opinions on the grade of these coins. Edited by Canadian-Banknotes
12/26/2010 6:53 pm
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Pillar of the Community
United States
4989 Posts |
For ebay auctions, it is common for coins to be photographed in a manner that maximizes luster while hiding marks. All these coins appear to have significant marks on both devices and fields. Luster looks good in the photos but, often, when you get these coins in hand they don't live up to the photos. Hence, I was a bit conservative on the grading I don't think these pictures are good enough to confirm a 63 or 64 grade. |
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Moderator
United States
23522 Posts |
Quote:
Hi SuperDave,
I know these coins are not rare in these grades.
I am trying to get a few nice Morgans for good prices, just so I can have a few in my collection, and possibly put a set together in the future.
Excellent. An informed collector is a thrifty collector.  Set a realistic price to bid, bid very late in the auction, and don't worry - if you miss this time, there will be many more chances in the future. |
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Pillar of the Community
Canada
4944 Posts |
Quote:
Set a realistic price to bid, bid very late in the auction, and don't worry - if you miss this time, there will be many more chances in the future. Thats exactly what I do  I set my bid on the 1899-O Morgan for $40.00 with shipping, sadly it sold for $41.00 (with shipping) but I didn't want to get caught up in the auction and start over spending. I also bid well under the "Numismedia" price for this coin in MS-64 just in case these coins look better in the photos then they do in hand (Like Fenton said). |
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Moderator
United States
23522 Posts |
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I set my bid on the 1899-O Morgan for $40.00 with shipping, sadly it sold for $41.00 That was an overbid; chances are the winner offered quite a bit more than $41 but that's all it took to beat your bid with the minimum increment. Just so you don't feel frustrated. |
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Pillar of the Community
Canada
4944 Posts |
Yeah, thats why I did not want to keep bidding. The seller could have had a $50+ bid.
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Pillar of the Community
United States
3076 Posts |
Just so you know ...the 1899-0 was a plain jane....not VAM 11a.....in the grade and over priced @ $41....in plastic TPG is still worth $35 or so....raw..you have to spend as much to get it into plastic..not worth it.. |
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Pillar of the Community
Canada
4944 Posts |
Quote:in plastic TPG is still worth $35 or so I have been looking for TPG Morgans in decent grades (MS-62 to MS-64) and have not seen any for $35. I think that price is before silver jumped to nearly $30 an ounce. Edited by Canadian-Banknotes
12/27/2010 12:45 pm
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Pillar of the Community
3660 Posts |
What I find interesting here is that while most folks can give similar grades on the same coins, they are rarely in total agreement.... I think that folks have different interpretations of what certain grading numbers actually mean.... you and I could read the same verbiage handed out by ANA, and see it differently. Some folks are partial to the grading standards and characteristics of a particular TPG, and their opinions on the grading of a raw coin will be based on what they have seen that favorite TPG grade a similar coin as. There is a market for everything..... One TPG will strive to be the most conservative or harsh, because there are collector and dealer markets for that. Another TPG will grade very liberally because there is another market for collectors and dealers who want a slabbed coin with out the words genuine, cleaned, or details on the label. There is also a market for TPGs who encourage collectors and dealers to play the registry game. I don't know what standard of grading you personally subscribe to or follow, but I think that most folks are subliminally biased in followership to a particular TPG.... other folks are guided by ANA interpretation, or possibly their own wildcat gut feeling. You can lay out three slabbed coins all from the same TPG with the same numeric grade, and notice that one of them is just plain nicer or lousier than the other two... what does this prove? Anything? You can lay out three coins from three different TPGs side by side, with the same numeric grade, and see great differences in the condition of the coins.... does this prove anything that you didn't already know? |
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Replies: 14 / Views: 1,412 |
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Posted 12/23/2010 9:21 pm
