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 Replies: 31 / Views: 3,890 |
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Pillar of the Community
1283 Posts |
Hello, I am new to coin collecting so bare with me. I picked this up at an auction last night and was thinking about having it graded due to its rarity. What company should I use to have it graded and what grade do you think it would receive? Thank you so much for any information Sorry the pictures are sideways but I am learning.   |
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Pillar of the Community
 1283 Posts |
Sorry for the double post and poor photos I am trying to use my Iphone so please bare with me. Here are the pictures again hopefully this time the right size. Thanks again   |
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Pillar of the Community
United States
1554 Posts |
PCGS grading company....Would probably grade Fine to Fine+....Retails around $850+...Nice coin!
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Pillar of the Community
United States
4989 Posts |
F-12
EDIT: Or F-15 (!)
Edited by fenton
04/01/2011 11:51 pm
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Pillar of the Community
1283 Posts |
I paid $900 for it at auction but really just got into a bidding war as I really only wanted to pay $750 or so. Do you think it is worth being graded or just in a nice slab? Thanks guys
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Bedrock of the Community
United States
10982 Posts |
VG10 and about an $800 coin. As you know, this piece is a key to the Morgan series. If you plan to keep this coin in your collection, any of the major TPG (PCGS, NGC, ANACS, & ICG) are fine for grading and authentication. If you are planning to sell this piece in the near future, stick with PCGS or NGC. Best of luck. P.S. I deleted your duplicate post. |
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Pillar of the Community
United States
4989 Posts |
I thought VG10 at first glance but the relief seemed a bit too high so I'm thinking she's struck just a bit weak with F type wear
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Pillar of the Community
United States
1554 Posts |
With the leaves seperated from the cap and the lines showing in the cotton bowls and the line in the ear...also on the reverse you can still see the lines in the wing and minimal detail in eagles legs...definately a grade of Fine.....
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Pillar of the Community
1283 Posts |
What a great site you guys have here. Thank you for the info I do appreciate it all. I am still very much a novice to coin collecting so the learning curve may be high with me. I am trying to collect a set of CC's so when I saw this piece come up I jumped on it probably over paying in the process. I plan of saving these as a collection but will sell them in the distant future.
That being said would YOU have it graded, and which is the best when it comes to resell?
Thanks again
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Pillar of the Community
United States
6385 Posts |
I think it will grade F-12 or F-15. I don't see any obvious problems like harsh cleaning or damage so hopefully it will grade as problem-free. ANACS might be your best bet since their authentication is trusted, you can submit directly without joining their club and the cost is relatively low. I agree with BH1964 that PCGS will be your best choice if you want to resell. Nice coin for a new collector to pick up!  (Took me 12 years of semi-serious collecting before I decided to get one of these!). |
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Pillar of the Community
United States
1554 Posts |
It's up to you, personally I don't send in coins to be slabbed that I've bought, although I will buy slabbed coins, sometimes....I like'm raw. The price you paid is OK.
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Bedrock of the Community
United States
10982 Posts |
Quote:
With the leaves seperated from the cap and the lines showing in the cotton bowls and the line in the ear...also on the reverse you can still see the lines in the wing and minimal detail in eagles legs...definately a grade of Fine.....
I'm a little more conservative. F12 requires "Lower two cotton leaves being distinct from cap and Cotton boils having the two lines showing clearly in each". I don't quite see that here but an F12 is possible. Very similar VG10 pieces in PCGS and NGC plastic have been selling this winter for $575 to $675 with F12 examples going for $700 to $800. Even solid F15 pieces brought less than $900 and some under $800. Be careful about bidding wars throwbackkid. Your initial estimate of $750 was on the money. |
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Moderator
 United States
16679 Posts |
F12, may have had a light cleaning. I would slab it. Nice coin! Welcome :-)
swcoin.ecrater.com
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Rest in Peace
United States
4849 Posts |
Yeah, the surfaces do have the look of a lightly cleaned coin. Still very attractive, and an extremely tough date! I'd recommend slabbing just to verify it's genuine, since a lot of fakes seems to be coming up.
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Pillar of the Community
1283 Posts |
Its funny how you don't see something in a coin until looking at an Iphone picture. Do you really think it has been cleaned? Will it devalue it in someway by having graded, like if it were to come back with details(ie cleaned). I'm sorry I don't know all the terminology but I am trying but I learn slowly.
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Moderator
United States
23522 Posts |
The coin seems to be a little too "clean" in the broader areas, while darker areas seem to lurk in the tighter corners. It's an educated guess on our part, knowing what photography can do to/for a given coin, but it remains a guess. That's why people are replying here expressing hope that the coin will slab "true," i.e., original surfaces and uncleaned. This is one of the very most popular issues to be counterfeited. I do not see any obvious signs of a counterfeit, and it does match a known variety of the coin. This is another very good reason to have the coin authenticated, and I agree with those who recommend ANACS as they are (in my opinion) the place to send Morgans when authenticity is in doubt. It's value will diminish far less if cleaned than almost any other Morgan dollar. This is the King Morgan, the one everybody wants. Price = demand + supply, and the equation works best for 1889-CC. Yes, it'll be worth less cleaned than not, but it'll still be a sizable number.  |
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Replies: 31 / Views: 3,890 |
Posted 04/01/2011 11:31 pm
