Hello I picked this 1880cc MS62 today . My question to all of you on CoinTalk is what should I have paid for this coin ??? Just so there is no confusion this coin is NOT for sale I am just looking for true & honest feedback thank you very much for your time ! GOD bless you & your loved 1's !!! Doug
It's a better date CC. And with them dings on the cheek I personally would pass on it. But it does seem to have a nice strike, it is a CC and a better date but the value I would put on it would be in the $400 range for reasons stated above. Mostly because when it comes time to sell it will be tough to sell because of the dings and anyone looking to buy it will also. MS60 lists at $500 & Ms64 is $585 so an $85 difference why not wait for one without the dings. Just being honest. And when I buy ANY & ALL coins I buy it with resale in mind.
@Doug1974 , that is a nice 62. Yes, it has the chatter, etc...for a 62, but not as much as I've seen on others. If that one deeper chatter line wasn't on the cheek, I'd say it would have graded a little higher. Anyway, I think $450 - $500 is a fair price.
I paid $525 a little more than I wanted to pay but I did not have this year in that grade in my collection . I also bought a 1883cc MS65 (PCGS) I paid $475 for that one.
When I'm buying key date or semi key date coins, when I find the coin I absolutely want, I don't mind paying a premium to get it. The premium % is dependent on the coin itself. Since no two coins are alike (except modern mint releases) you really never know if your're going to see another like it, so in semi key and key dates, you have to pull the trigger.
I had a Carson City Morgan that was graded as MS-64 (NGC). I traded it to a dealer for some Mercury Dimes that I needed for my collection. The dealer gave me $250 in TRADE for it. Now I realize that this was a dealer so there had to be room for him on the selling side. Anyway I did the trade because that was pretty close to my buying price.
This is an example of how "track marks" are considered worser and more distracting than scratches. Those tracks resulted, most likely, from another coin grinding the face of this coin with its reeds. The open field is fairly clean, as is the rest of the face. I'm a buyer in mid-low 400s.
@Doug1974 , my eye immediately goes to that contact mark to the right of her mouth. How noticeable is it in-hand? Sometimes pictures exacerbate the marks. The obverse fields are very clean and looks to have no major breaks. The reverse is sweet! I would have graded this as a 64, but that doesn't take away from the beauty of the coin. I'm a big Morgan fan! Here's one of my 83CC GSA's.
@Doug1974 , I forgot to mention this, but you likely already know. '82, '83 and '84 CC's are plentiful. Be very picky when buying. Don't buy it unless you really love it. There are plenty available in the marketplace.
Thank you & yes I learned that the hard way but now a common "CC" Morgan need's to be a MS65 OR better & like a mirror ! But that's only my opinion . The more I spend the more picky I get I think I might be finally growing up (LOL) . Any how thank you for your input any & all info. is good !
@Doug1974 , I am still learning. That's what makes this hobby so fun. I'm always asking myself if this is "the coin" you want or just "a coin". I have my eye on an early 1900's France 20 Fr. gold piece. "The Rooster"! I want one, but the ones on the market I've seen are just okay. I too have learned to be picky, but sometimes it's hard to do.