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1881 CC Morgan

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Ralph's Avatar
United States
1582 Posts
 Posted 03/14/2011  10:25 pm Show Profile   Bookmark this topic Add Ralph to your friends list Get a Link to this Message Number of Subscribers
Alot of you have seen my small well circulated collection, so you'll understand when I say I don't have alot of experience in grading uncirculated coins. I'm sure it's uncirculated, but I've no idea as to what degree (grade).
This one came to me sealed in one of those plastic GSA thingees with the black background - it looks nice, but it does have evidence of contact - I assume those are marks are a result of bouncing around in a bag with a scad of other Morgans.
If it were going into your set, what grade would you assign it?
Thanks - Ralph


1881-CC-Morgan
1881-CC-Morgan
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Canadian-Banknotes's Avatar
Canada
4944 Posts
 Posted 03/14/2011  10:31 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply
Looks like an MS-63 to me.
Whats on the reverse between 12 and 1?
Nice Coin!
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Ralph's Avatar
United States
1582 Posts
 Posted 03/14/2011  10:43 pm  Show Profile   Bookmark this reply Add Ralph to your friends list Get a Link to this Reply
Appears to be discoloration/dull spot. Nasty scrape on the cheek(obv) and to the right of the arrow tips(rev), and numerous die cracks (rev).
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Jaobler's Avatar
United States
6389 Posts
 Posted 03/14/2011  11:22 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
Strictly graded, MS-62. With the typical "Carson City" grading bump that often seems to boost CC Morgans at PCGS and NGC, it would earn MS-63. Might have been worth more if it had been left in the GSA holder.

I bought my 1881-CC in a GSA case as well and cracked it out. It graded MS-65 when I later sent it to ANACS but now I kind of regret that I didn't just leave it in the original case.
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fenton's Avatar
United States
4989 Posts
 Posted 03/15/2011  12:30 am  Show Profile   Bookmark this reply Add fenton to your friends list Get a Link to this Reply
Very nice mint state example I will say MS-63 due to the obverse cheek and field chatter. Reverse is very strong.
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United States
1554 Posts
 Posted 03/15/2011  12:40 am  Show Profile   Bookmark this reply Add 1893S to your friends list Get a Link to this Reply
Very nice. MS63-64 depending on cartwheel/luster. 1881CC coins were struck quite well. The scrapes are not that bad and it appears to have minimal bagmarks. 63 for sure but would have to see in hand to say 64 for sure.
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Ralph's Avatar
United States
1582 Posts
 Posted 03/15/2011  01:06 am  Show Profile   Bookmark this reply Add Ralph to your friends list Get a Link to this Reply
Overall luster is nice - mighty pretty in the sunlight.

Jaobler - I'm a collector - keeps the fun in it. I suppose if I was buying for resale someday, I'd probably kick myself, somewhere down the road, for cracking it out, but, hopefully, that day will never come, and I hope to still be enjoying this fantastic hobby right up until the day they throw that first shovel full of dirt in my face. :)
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 03/15/2011  01:27 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
It's my guess (and my hope) that GSA Morgans will lose their cachet sometime down the road. Nothing about their existence really lends itself to the appellation "historical" - they're simply a whole bunch of coins that were left over because public demand outstripped supply. So they sat, dusty, useless, until the government decided to rid themselves of them and sold them for what amounted to stupid profit compared to their cost of production.

The cachet of the mint mark is far more compelling, and by rights ought to be the foundation of its' worth.

I agree completely with jaobler's opinion. There's a surprise.
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fenton's Avatar
United States
4989 Posts
 Posted 03/15/2011  08:50 am  Show Profile   Bookmark this reply Add fenton to your friends list Get a Link to this Reply
I would never pay more for one of these simply because it is in a GSA holder. Agree with SuperDave that's just plain stupid.
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Ralph's Avatar
United States
1582 Posts
 Posted 03/15/2011  10:13 am  Show Profile   Bookmark this reply Add Ralph to your friends list Get a Link to this Reply
Guys, I think the draw for alot of folks is they know the GSA Morgans are uncirculated. I believe it's just a mind set thing right now.....it may pass in time as so many other things have over the years.
I agree SuperDave - the mint mark is, indeed, a key factor, as well as the low mintage.
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United States
1547 Posts
 Posted 03/15/2011  12:02 pm  Show Profile   Bookmark this reply Add eddiespin to your friends list Get a Link to this Reply
I think off these pics I could give it a MS-64. You've got a VAM, there, look at that reverse.
Rest in Peace
coinguybrian's Avatar
United States
5375 Posts
 Posted 03/15/2011  5:26 pm  Show Profile   Bookmark this reply Add coinguybrian to your friends list Get a Link to this Reply
I actually think that the 'chatter' is more just luster abrasions that were picked up too much in the light. This one looks very clean to me. I was thinking 64+
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echizento's Avatar
United States
23731 Posts
 Posted 03/15/2011  6:10 pm  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
I think it would just make MS-64.
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aladinslamp's Avatar
United States
3076 Posts
 Posted 03/16/2011  11:37 pm  Show Profile   Bookmark this reply Add aladinslamp to your friends list Get a Link to this Reply
I'm on the fence with this coin,, if it were only the face I would say MS63, but there is more over the eye......Its a VAM 5 at MS62...
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fenton's Avatar
United States
4989 Posts
 Posted 03/17/2011  12:38 am  Show Profile   Bookmark this reply Add fenton to your friends list Get a Link to this Reply
Perhaps very strictly graded it might be a 62 but by PCGS or NGC standards it will make 63 possibly 64
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