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11-02-2009, 12:34 PM
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#1 (permalink)
| | Junior Member
Join Date: Nov 2004
Posts: 101
| Rare 1884 S Morgan Dollar MS Value?
Hi, I won this 1884 S Morgan on auction. Seller states it is MS and has full breast featers when I asked. Even looks proof like to me. Any Morgan people here can give me a rough estimate of grade? I paid $260.00 for the coin.
Thanks...
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11-02-2009, 12:44 PM
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#2 (permalink)
| | Junior Member
Join Date: Nov 2004
Posts: 101
| Very Rare MS 1884 S Morgan Value?
Hi, I won this 1884 S Morgan on auction. Seller states it is MS and has full breast featers when I asked. Even looks proof like to me. Any Morgan experts here can give me a rough estimate of grade? I paid $260.00 for the coin.
Thanks!
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11-02-2009, 01:00 PM
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#3 (permalink)
| | Member
Join Date: Jul 2007 Location: United States of America
Posts: 3,667
My Mood:  |
It does not look MS to me. If I had to say, it look more like XF to me...maybe low AU.
__________________
“Punishment is the way in which society expresses its denunciation of wrongdoing and, in order to maintain respect for law, it is essential that the punishment inflicted for grave crimes should adequately reflect the revulsion felt by the great majority of citizens for them.”
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11-02-2009, 01:04 PM
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#4 (permalink)
| | Member
Join Date: Jul 2008 Location: georgia
Posts: 56
My Mood:  |
same here
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11-02-2009, 01:20 PM
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#5 (permalink)
| | doggone it people like me
Join Date: Jul 2006
Posts: 4,321
My Mood:  | Quote:
Originally Posted by rh287  I paid $260.00 for the coin. | I tend to agree with the other guys - XF details, surface "issues", net VF.
This one is certainly not mint state, and no one would expect MS for that kind of money. Recent auction records suggest $260 gets a certified AU50-53 ... somewhere in there. MS 1884-S Morgans are very pricey.
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11-02-2009, 01:20 PM
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#6 (permalink)
| | Junior Member
Join Date: Oct 2009 Location: wisconsin
Posts: 228
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some nice toning to it anyway.
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11-02-2009, 01:29 PM
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#7 (permalink)
| | Senior Errer Collecktor
Join Date: Jul 2008
Posts: 2,977
My Mood:  |
I think AU-55 myself, and I can't tell if it has good tone or not from the photos as it has a green tinge on my monitor.
Jim
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11-02-2009, 01:32 PM
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#8 (permalink)
| | Senior Member
Join Date: Jul 2004 Location: southeastern,ct
Posts: 589
My Mood:  |
look at the breast on this AU53. i wouldn't advise spending that kind of money without knowing what you are buying. don't just take the sellers word for grade. http://cgi.ebay.com/1884-S-Morgan-Do...item56365e7b3c
Last edited by 9roswell; 11-02-2009 at 01:43 PM.
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11-02-2009, 01:58 PM
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#9 (permalink)
| | Junior Member
Join Date: Nov 2004
Posts: 101
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Well the seller has a 100% feed back and gives 7 day return policy. Told me pictures just don't show feather details...Seller actually tried to use cancel transaction option...
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11-02-2009, 02:02 PM
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#10 (permalink)
| | Rare coin dealer
Join Date: Dec 2007 Location: San Diego
Posts: 1,744
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The coin looks to have light wear on each side, so my guess would be in the AU53 range. And the color doesn't look original, possibly from re-toning after a cleaning or artificial toning. You didn't get a bargain, if that's what you were thinking. If you thought the coin was uncirculated and original, you will probably get yourself in trouble buying uncertified cons on Ebay or elsewhere.
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11-02-2009, 02:05 PM
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#11 (permalink)
| | exsisto magister
Join Date: Jan 2009 Location: Indianapolis, IN
Posts: 1,597
My Mood: |
I agree with the others... I would call it AU details and from the pictures the surfaces definitely need a better look... not really much to go on with those pictures tho... so tentatively AU details cleaned and retoning... but definitely not MS.
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11-02-2009, 02:13 PM
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#12 (permalink)
| | Senior Errer Collecktor
Join Date: Jul 2008
Posts: 2,977
My Mood: |
RH287, don't dispair, I have a couple of 1884S in the bank that came back AU58. There are many sliders AU/MS for this date, and 90% plus of them are AU, IMO.
There is a good reason why the 1884S is so much higher in MS than as an AU.
Jim
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11-02-2009, 02:15 PM
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#13 (permalink)
| | Senior Member
Join Date: Jul 2004 Location: southeastern,ct
Posts: 589
My Mood: |
is this your first e-bay purchase?
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11-02-2009, 03:08 PM
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#14 (permalink)
| | 65 Year Old Junior Member
Join Date: Sep 2009 Location: Northern Vermont
Posts: 27
My Mood: |
What Mark says above is true even though it is probably not what you wanted to hear. The wear is especially visible where the hair lines cover the top of the ear. To see this and know where to look you should purchase and study a book on grading coins. And then look at pictures of a perfectly struck coin to make comparisons. Don't get me wrong, you have a nice coin there. Just the price could be a little better.
Another thing to look at. The coin trends in AU at $500 and in MS65 at $2500. With this coin apparently what makes it rare is how many have made it through to today in strictly uncirculated condition. Otherwise it appears to be a relatively common coin by judging price guides. Another thing to know about price guides or published trends is that they are often somewhat optimistic. Most dealers try to sell for less than trends. Another thing to which Mark did not mention is that just because a coin is certified by an independent grading authority does not make it generally accepted at that grade. Different slabbers will grade the coin differently and to different standards.
The lesson to learn: Once burned...Lesson learned! Study grading coins for your self and check out the standards of the different grading services. Keep on learning every day!
__________________ Best Regards,
Eddie  Buy the book before the coin. Knowledge is power, especially when combined with experience!  | |
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11-02-2009, 03:09 PM
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#15 (permalink)
| | Junior Member
Join Date: Nov 2004
Posts: 101
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OK, Thanks guys..I may just send it back for refund....
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