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 Replies: 17 / Views: 2,620 |
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New Member
United States
5 Posts |
Hello all, I am new to the forum and to serious collecting so to speak. I have had an interest in collecting for years, and I have accumulated a small stash of various coins. I've had these two 1884 Morgans stashed away for about 15 years now. One I understand is an 1884 CC (GSA). The other I inherited. It's also an 1884 with no visible mint markings. I believe that would make it a P? Correct me if I am wrong there. On to my questions... The CC is in the original slab, but it is scuffed badly and that bothers me a bit. I am thinking about having it graded by PCGS. I understand some feel strongly about keeping the original slab, but I would rather see the coin clearly. Any thoughts on this? (Feel free to offer grade estimates.) My next question is about the other coin. It is circulated. Would it be worth sending along for grading as well? I am totaly new to grading, and trying to learn as much as I can. I also have a few Peace dollars, and several other raw coins. Right now I want to concentrate on the Morgans though. I guess I am trying to figure out the best way to sort what I have collected, and decide what to grade/slab. These are also my first attempt at photographing coins, so bare with me here. ;) I look forward to developing my knowledge here on the forum, and thank you for your responses. Tony    |
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Pillar of the Community
United States
4989 Posts |
Your 1884-CC is a very typical GSA holder uncirculated example it should grade MS-62 or MS-63. Value is approximately $160-$180. They are often worth a bit more in the original holder. NGC will grade it in original holder if you want to have it certified but based on appearance I think few will have much doubt about the grade or authenticity. Hence, certification isn't really necessary there even if you want to sell it.
The 1884-P definitely looks circulated. Condition is probably EF-45 or AU-50. That is a fairly common date so in that condition it is worth just a slight premium over melt value. Not worth getting graded.
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Valued Member
United States
299 Posts |
I basically agree with Frentyon except that with demand high right now, many would probably pay prices a bit higher than mentioned.
But sounds like you are developing an interest in the hobby and in Morgans. Both are admirable to own, so enjoy them
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Pillar of the Community
United States
3076 Posts |
the pictures are not =good enough to grad3e by, yes typically MS62 or 63 is common, butit could go MS 64 if we could just see it...however one can go to the auto store and get some Maguires(spelling) auto polish and buff the scratches out of it..and DEFINATELY have it graded in the GSA holder, they command a better price over non GSA morgans..
it's a few dollars for the polish but you will be well satisfied, and you can use it on your car as well LOL...
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Rest in Peace
United States
9104 Posts |
Amazing what some plastic polish will do if you take your time and don't press hard. I had some a jeweler gave me. The UPS man had an old electronic watch with a red crystal so scarred up the time was blurry. Less than a minute later, it looked bran new.
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Pillar of the Community
United States
4989 Posts |
Yes I should mention $160-$180 is the wholesale value before buyer premium or dealer markup.
If you bought an 1883-CC from teletrade, you'd probably pay $165 or so on average plus a 15% premium so $190 total.
Dealers will often mark them up to $200+ which may be worth it for a coin you can inspect in-hand.
In any event, a very nice valuable coin!
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New Member
 United States
5 Posts |
Thank you all for your responses. I have to say, the plastic polish idea was excellent. I have some already that I use on my vehicles, but it never dawned on me to use it on the coin slab. I will be trying that out today. Thanks for the info on the grading of my coins as well. If the polish cleans up the GSA slab, I will leave it in there. I saw a couple of original boxes and COAs on ebay, I will probably pick one up just to have with the coin. I've been researching a bit since my first post, as far as slabbing my other coins, none of them are in MS condition, so I will be checking for key dates and going from there. In your opinions, what is the lowest grade worthy of a slab? Should key date coins be slabbed, even if they are circulated? (Will be sorting a bag of pre 1930 Lincoln wheats soon) I am developing quite the interest in Morgans, well all my coins actually, as I am looking at them with a new light so to speak. You guys are proving to be very knowledgeable. Thank you again for your help. Tony. |
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Pillar of the Community
United States
1704 Posts |
Slabbing circulated non key date circulated coins isn't usually worth the expense. Slabbing circulated key date coins depends on the approximate grade of the coin and its value. Certain key dates, such as the 1916-D dime, is always recommended as there are numerous altered coins about and by getting the coin slabbed serves two purposes, it is graded and more importantly it is authenticated. Ultimately it is what you plan on doing with the coins which will help you decide to slab or not. ANA LM-3175 |
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New Member
United States
3 Posts |
I am in the same boat as you are, I am just getting into the Coin World and am focusing on Morgans. The ones you have now look pretty good, even though the non-mint marked coin is pretty common for that year. But on the other hand the CC looks nice and no you should not grade it since it is already in a holder. The 1884 CC looks like it could bring you at least $200, but that is just my opinion. The other coin you could have it melted down or try and sell it online or at an auction and could probably make 5 or 10 extra dollars but in the end, is it worth it? |
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New Member
United States
5 Posts |
After polishing out the plastics and ordering an original box. Heres the pic just for grins. Now I feel like I have the whole package.  |
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Valued Member
United States
380 Posts |
Wow what a difference... If I were to be keeping it for myself, I would leave it just like tha... without grading...
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Pillar of the Community
United States
3076 Posts |
angled pictures do little to show the coin and its details and grade...
nice you found the way to polish the plastic..
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New Member
United States
5 Posts |
Yeah, I'll agree with you there. Photography is definately not my strong point. ;) I will be trying some of my other coins on the scanner today. Maybe I will have better luck.
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Pillar of the Community
United States
1358 Posts |
Nice coin! :)
By the way, the only pre-1930 lincolns I would have certified are the 1909-S VDB, and the 1914-D.. I think most of the others are pretty cmmon..
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Valued Member
United States
86 Posts |
If the polish you use doesn't work, try Novus Plastic polish. It has a 3 stage system. Starts out getting the bad scratches, and gets finer each step. Works great, I use it at work all the time.
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Bedrock of the Community
United States
14454 Posts |
I am glad you decided to leave the GSA in its holder instead of sending it in to PCGS because in my opinion as soon as they are cracked out of the GSA holders they are just any other Morgan and really wish all the TPG would follow NGC on how they handle these coins |
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Replies: 17 / Views: 2,620 |
Posted 03/24/2011 11:39 pm
