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 Replies: 11 / Views: 1,430 |
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Valued Member
United States
183 Posts |
I recently acquired about 30 Morgan dollars from someone on Craigslist and some of them appear to be in MS condition (not sure how high of MS). 1. Are cardboard coin flips sufficient to protect these types of coins? 2. Is there a specific brand that works best? Some seem to require staple and others appear to have some sort of built in glue. 3. What is the best way to store/display them? Binder/box? I am considering buying some 2x2 holders and plastic pages that have slots for 2x2 cardboard holders from the wizardcoinsupply store. Thanks! |
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Valued Member
United States
73 Posts |
Just for now I would suggest instead of the internet supply store find your local coin shop. Ask what they recommend for either cardboard flips or plastic flips. They also have nice 2x2 sturdy cardboard boxes that are very convenient for storage. I prefer the plastic flips but not exclusively. Ask about a book on Morgans or a ' RedBook' That will get you started reading and establish a relationship with a local dealer. (very important) maybe not today but someday you WILL need help! I try to drop in to the local shops on Saturdays just long enough to howdy and shake and maybe check their sale boards if nothing else. Dont go crazy over the prices in the RedBook, they will be many times what you can actually sell for but good for seeing relationship of grade to prices as it varies wildly from one year and mint to another.. I just realized I'm speaking as though you are new at this. Sorry, You may have been around longer than me. I love my Morgans! Edited by goldfinger
01/15/2011 9:36 pm
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Valued Member
 United States
183 Posts |
I just joined this forum in December, so I am new too. No need to worry about offending me -- always more to learn. I have had coins for a long time, but not ever done much with grading/displaying. I did go by the nearest "local dealer" and it seems his store is just focused on turning over volume for silver/gold. I was in there for maybe 30 minutes and say 10+ people or so selling him scrap gold and coin collections for significantly below melt and another 10+ or so buying at premiums to melt. His shop didn't seem too focused on the numismatic aspect of collecting. And I agree with you that RedBook is unrealistic for valuation, but a handy guide to figure out which are the better dates/scale of condition value. Basically I am trying to figure out if standard 2x2 cardboard flips are good enough to prevent MS morgans from picking up any minor damage that may take it from 64 to 63 or 63 to 62 or whatever. This is assuming generally careful handling, but potentially displayed in plastic pages for 2x2 flips in a binder. If one flip comes in contact with another leading to a soft coin on coin noise from inside the flips, is this enough to cause damage? Thanks. |
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Pillar of the Community
United States
3076 Posts |
In this time of the economy..Its mostly about bullion values SCRAP gold and silver, which is below due to they have to operate a store and the help...which is where they make there money...Sure if you brought a couple of coins in no matter the year or mint.. they will offer you melt, when its under AU grade..a common proceedure...But if you brought your collection in..I think melt value as an offer would not fly...
And if you don't know how to grade, you will not make out....
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Valued Member
United States
183 Posts |
Aladin, I wasn't meaning to indicate that he offered me below melt for my collection. I did not take him any coins, but only asked for a price quote on $1000 face of 40% halves and same for 90% halves and the quote was well below melt for both. The collections I am referring to were brought in by others. One of note was an elderly couple. I wasn't close enough to see, but overheard comments regarding some of the components, such as a 3 cent silver being stated as worth $2 because of condition. The grading comment I made was mostly geared towards distinguishing in the high end ms grades. This same shop had a box of slabbed coins sitting on a table, many of which were silver eagles. I compared about 15 PCGS MS69 American Eagles and there seemed to be some I couldn't see any flaws and others with very noticeable dings/flaws.
So back to my intended original question -- Are 2x2 mylar flips sufficient to prevent minor damage that could impair MS grade coins if stored in 2x2 flips inside plastic pages for 2x2 flips in a binder where on occasion you would hear a soft ring when 1 page is turned over on another? Thanks.
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Pillar of the Community
United States
594 Posts |
Quote:
So back to my intended original question -- Are 2x2 mylar flips sufficient to prevent minor damage that could impair MS grade coins if stored in 2x2 flips inside plastic pages for 2x2 flips in a binder where on occasion you would hear a soft ring when 1 page is turned over on another?  |
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Pillar of the Community
Turkey
870 Posts |
Morgans are very far from what I am specialize in but for any high-grade coins, I would use coin capsules - airtites as my American friends often refer. I don't trust much to 2x2's especially if you are living in a hot/humid area.
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Pillar of the Community
United States
709 Posts |
Use Mylar soft flips. This will prevent Verdigris Verdigris is the common name for a green pigment obtained through the application of acetic acid to copper or poly vinyl chloride (PVC), which is why I recommend Mylar. The composition of your Morgan dollars are 90% silver, 10% copper. Verdigris requires only three things to grow: copper, air and water. Light doesn't affect it. Edited by Ozland
01/16/2011 8:19 pm
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Pillar of the Community
United States
6394 Posts |
I like the plastic 2X2 holders from Eagle. These are press-together 2-piece units with removable Mylar windows. You can order them at https://www.eaglecoinholders.com and they offer excellent protection. They fit snugly into most 2X2 pockets in album and are thick enough so there is no danger of contact damage when you flip the pages. They are a bit pricey at around $0.75 each but I think it's worth it for my nicer raw coins. They are re-usable. You have many other options of course such as the Cointainers mentioned. Those however are too thick to fit in standard 2X2 pockets. How about posting some pictures of those possible Mint State Morgans? |
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Valued Member
United States
183 Posts |
Once I figure out a good situation for lighting and get some time I plan to take photos of them all and then upload. I was debating how to manage an inventory so that when I take photos I can keep track of them easier. Glad to see this thread generated some responses.
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Moderator
 United States
23522 Posts |
Quote:
So back to my intended original question -- Are 2x2 mylar flips sufficient to prevent minor damage that could impair MS grade coins if stored in 2x2 flips inside plastic pages for 2x2 flips in a binder where on occasion you would hear a soft ring when 1 page is turned over on another? Thanks. In a word? Yes. Even "soft" Mylar flips ( nothing but Mylar, for the reasons Ozland stated) are still stiff enough to prevent damaging contact, especially through 4 layers (2 flips, 2 pockets). However....(you knew there had to be a "however")....this is what I use: http://www.coinedge.com/They display the rims, even in an album page, and the bespoke pages are rather nice in presentation. The holder itself will protect the coin from all but the most violent contact - I've dropped more than one Morgan on a hardwood floor without harm. Even better, they're airtight. |
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Pillar of the Community
United States
584 Posts |
If your not sure what the grade might be close to I would recommend a somewhat oldie but goodie book. How to grade US coins by James L. Halperin. A step by step guide to the grading of uncirculated and proof coins. I picked one up from ebay for $4. This was very helpful to me. It really gave me a better understanding of surface preservation, strike, luster. And being he uses Morgans as the series to teach you with is a bonus. Another good book to own is The official Blue Book Similar to a Red Book But the prices are what you would see dealers paying for a coin. I would recommend learning as much as you can about grading. Its too risky! A good friend of mine had taken part of her deceased brothers collection of Mercury dimes to a dealer near me. She was given 6% less melt value for total of $500. The coins were all AU at least. I cringe thinking about it. Of course she told me 2 days later when she felt she got burned. I was able to help her with the rest of her brothers collection. I no longer think or give people the benefit of doubt when it comes to $$ I've read to many articles where even if you ask a dealer their honest opinion on what your coins are worth. Its your own fault for not doing the research for yourself. One dealer said its the bread and butter to his business. A competitive place to buy coin supplies is http://www.brent-krueger.com/`I use AirTights for my Morgans. Their only 60-80cents a Pc. I've ordered from here a number of times and my order was always spot on. If your computer Savy theirs a Computer Program designed to Assist you with grading. Its called Grading Assistant. I have yet to use it but see more positive than negative feedback. Ohh another good site for coin supplies is https://www.wizardcoinsupply.com if your an ANA member you get an additional discount. The Mylar Flips are good but I feel if dropped or slid into / under something damage can still occur. I hope this helps you some. Good Luck on all your future dealings. Ohh one more thing always know what your melt value is here, You type in what you have it does the math with current spot price. www. (124) Not Allowed - Auto-Removed .com Theirs also an updated melt value for each us coin. You want silver melt value calculator. |
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Replies: 11 / Views: 1,430 |
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Posted 01/15/2011 10:56 pm
