Grade my morgan please????

So what have you learned from this experience?

 

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Id say its an au coin. I dont think you did bad at all. Keep learning and your purchases will get smarter. Everyone has overpaid for coins a time or 2.

 

Ive learned the more common spots these coins wear and can begin to build a point of reference when im looking at these. $40 is well within my budget to acquire a learning piece as i like to call them. I also learned the shop in which i bought this from is completely ignorant and could possibly cherry pick from. The dealer tells me today "Even high grade Ike dollars are not worth much" and "Toning actually brings the value down" what a tool.

 

Looks like a AU50 to me, it does have nice toning. But looking at the pics it doesn't seem to highlight any luster at all. Also don't know if its the pics but there seems to be some green stuff hiding in LIBERTY on the obverse.

 

Its actually blue and looks pretty cool.

 

Jesus, that's harsh I think the coin is beautiful and likely AU, and it would bring me pleasure to own it. But then I guess I'm just a coin cocotte. (Synonym provided by the Online Dictionary)

 

It isn't harsh, it is valuable constructive criticism. And if you think that coin is beautiful, then you are in dire need of my criticism as well. What is harsh is when newbies ask for advice, get it, and then complain that the experienced collector giving them advice is being mean to them.

 

Take that to your advantage and use it to get some killer deals

Just make sure you know the difference between AT and NT.

 

LOL, I like your humor, however unintentional

 

You have to find that one in ten thousand that after it left the mint it was placed in a cookie jar and then found in 2012
by someone who placed it in a towel and then took pics of it here on cointalk.
There are very few coins that you will find that havent been handed down dropped or mishandled by many hands.
However because these coins were not excepted to many people most were held in the banks and got little or no circulation there are many in almost mint state.
I think there are more of these coins in high mint state than any of the older coins out there and so they are graded down pretty far on the scale if they show wear.
That said i read where coins are sent in for a grade and if the grade isnt the one wanted its cracked out and resent over and over until the owner feels he can live with it.
I for one do not think a grade means anything but the companys that do it are getting rich while your coin is getting less
value to you because of the cost you paid for the extra gradeing.
When you resale it you want me to pay for all the extra cost you have in the coin.
Thats why i do not own one graded coin.

 

Perhaps, but it is the purchasing style most of us started with. Something gets your eye and you buy it on impulse....THEN you get buyers remorse.

 

What is it about Morgan Dollars and the need for everyone to over grade them!

40 bucks is not terrible for a Morgan. There are suckers out there who get taken on their first puchase for $150 for a Moran that is SILVER and OVER 150 YEARS OLD and part of the LEGNEDARY WEST of JESSE JAMES and Doc HOLIDAY!

I'd be more concerned if it wasn't real and I'd like to see better pictures.

 

I learned that a Full house can NOT BEAT a Straight Full...is that OK Daddy?

 

Straight Full=Straight Flush?

Technically it can happen. The full house just needs to get the straight flush to fold. Antonio Esfendiari folded a straight flush to Daniel Negreanu on the river in the WSOP Main Event in 2010. Granted, his straight flush was on the board, but it is a funny game.

 

Matthew, you didn't get hosed. It is a common date Morgan, and $40 isn't wildly overpaying for a coin like that. It definitely isn't MS--I'd agree with the AU designation, and there is definitely wear and no mint luster. That doesn't mean you were cheated--you didn't pay a lot, the coin is decent for starting out in Morgans, and we've all been through this experience.

 

I have no remorse

I never felt cheated, just hosed and yes there is a difference.


This was purely an educational piece, i plan on buying a high grade attractively toned morgan the funds are creeping ever higher for an excellent example. Im just in the planning phase for now not entirely sure which date or mm. I plan on adding it to my toned type set i have been building, all in all i want to spend between $1500 and $2000 but i will need to do some more extensive research and get a whole better at grading these although this thread has certainly been just what i had intended it to be educational. If anyone has any idea where i can get some grading tips or just info on morgans that would help thank you.

 

Hi Matt,

Nice coin. However, there is quite a bit of circulation wear in the high points, and too much I'm afraid for an UNC grade at any level.

I think it's at least an AU coin as it does appear to have more luster than an XF coin would have.

The 1883's are the more common Morgans, with 12,290,000 struck in Philly that year, and as far as what you paid, you did not bad, could've searched for one a little less at that grade, but $40 isn't too bad. :thumb:

 

I would say if you're planning on buying a Morgan in the thousands it should be graded. I find the book Grading Coins by Photographs to be pretty good, also The Morgan Silver Dollar - Red Book gives some pointers on grading.

 

Actually, this is better than the Grading Coins by Photographs:

 

I would not even consider spending more than $100 on a raw coin but i want to learn to grade them before i buy an expensive slabbed one because i dont want an undergraded example. Plus at least if its slabbed there is a better chance it is NT or atleast market acceptable.