The Official Morgan Silver Dollar Thread

Not sure I showed this before, an 1884-CC MS65 DMPL for $2K. Comments on the coin AND price appreciated:

http://www.ebay.com/itm/331775110807?_trksid=p2055119.m1438.l2649&ssPageName=STRK:MEBIDX:IT

 

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Nice 84-O DPL Frank!

As for the most recent DPL link, I agree with the grade. As for price, I didn't do any research via HA auction pricing or look to see what the pops are for this date/mm at PCGS and NGC. IMO, if you combine those two pieces of data, you'll get a reasonable idea of FMV for this coin.

 

Thanks Joe...do you agree with my slab analysis ? It's tough to tell with the coloring of the label but mine appears the faintest of greens and not the actual green of the 1st OGH.

 

Another nice MS-64 DMPL:

http://www.ebay.com/itm/401071461368?_trksid=p2055119.m1438.l2649&ssPageName=STRK:MEBIDX:IT

I can't tell if that streak across the cheek is the light reflection or a bag mark. I lean to light reflection which makes it that much better a coin.

EDIT: Check that, it appears on 2 photos, I think it's a bag mark.

 

Nice coin but price is too high. Another seller who thinks the green bean is worth too much of a premium. $1,700 tops.

 

There were not specific dates of OGH holders that were under-graded. It is a general perception that some OGH coins were held to a higher standard, and, would re-grade higher at resubmission. I have had mixed results with this fact--some have upgraded when I resubmitted, and others have not. I would say that it varies with the coin, rather than the date of the holder. In general, Morgans were more strictly graded in those days, but as to whether it would upgrade now? That is a gamble. If I were to resubmit, I would obviously specify minimum grade MS 65 DMPL, or it stays right where it is. No sense to do otherwise, as it is a gamble on the upgrade. Do I think it is a 65? Yes, it looks like it to me. However, it is very close---the difference between a very high in grade 64 (which that is now), and a low in grade 65 is quite subjective, based on the grader. Just my opinion, based on my Morgan experience. At any rate, it is a beautiful coin.

 

Out of curiosity I went to the auctions. Heritage sold one for under $1,100 this month. Wonder if it was this coin? Anyway, based on the auction results, I would offer the buyer $1,550 and see where he'd want to go from there. Based on the PCGS price, he is basically saying the green bean is worth a 25 percent premium. Dream on, IMHO

 

I agree. He priced the coin about 40% above FMV in my opinion. Is it a nice coin? Absolutely. Is it worth 2 K? NO!!! I would say $1500-1700 maximum.

 

I'm not big on coins in certain old holders. I primarily focus on the coins. I like the old no-line fatty NGC holders, but if the coin is all there, then the holder means nothing to me. I like looking through NGC "*" holdered coins, but again, if the coin doesn't meet my eye, I won't buy it because of the "*".

I owned a Morgan in a old PCGS rattler with a gold bean. It was very early in my collecting. When I bought it online, I was excited to get it, but when I got the coin, not only did I not love the coin, I didn't really see the big deal about the gold bean. I ended up selling the coin.

 

Agreed MD.....what I have seen is people advertising "OGH" as if that signifies an era when coins were universally UNDERGRADED and that is not the case. I think many people think these were the original PCGS holders and as the link I provided shows, it is not. Heck, it's the 3rd and 1/2 generation holder. The doily-dot pattern is actually earlier.

An OGH could be from early-1990 (probably tough graded) through 1995 (probably liberally graded, post the collapse). My 3.5 gen holder has a greenish tint and sometimes incorrectly referred to as an OGH. But the OGHs apparently start with version 4.0.

 

Correction: I have PCGS slab version 4.0 which was used from January of 1990 through part of 1995. Version 5 used from 1995 through Oct of 1998 has the "PCGS Copying Prohibited" on the back. My other Morgan has this but not the 1884-O 64DMPL.

Version 3.5 does not have "PCGS" in the plastic on the obverse lower right.

So I have an "OGH" with the DMPL64 you all like which is nice. But I think the time frame of 1990-1995 is too broad for this by itself to be a plus in terms of getting an undergraded coin (in general, not talking about my coin). Early-1990 before the bubble burst maybe grading standards were tighter; but a year or two later when they were hiring inexperienced kids, who knows, right ?

I think the pre-OGH holders versions 1-3 are the ones that are the most likely to have undergraded coins, if any.

 

1885 MS64 DMPL: I might call this a 63 only because of a 'deep' cut on the reverse near the Eagle and the toning (which I prefer not to see). But I don't see it as a bad coin even if FMV is $400.

http://www.ebay.com/itm/191819518781?_trksid=p2055359.m2763.l2649&ssPageName=STRK:MEBIDX:IT

 

Here's an 1886 MS64 DMPL: FMV is $450 in the PCGS Guide, but if that's high by 10-20% (lagged pricing?) then maybe the CAC compensates and it's fairly priced ?

http://www.ebay.com/itm/401071461368?_trksid=p2055119.m1438.l2649&ssPageName=STRK:MEBIDX:IT

Coin itself looks very nice, not sure what that bright white streak is across Liberty's face...haven't seen something like that ever on an MSD or any coin.

The micro-abrasions are very numerous at 9 O'Clock (looks like they continue where the streak ends)....usually you see larger but fewer bag marks. That's something I haven't seen before, but then again, I don't have the experience that you guys do with Morgans.

 

Nice coin. It is a straight on shot, so you see the level of surface preservation. It is graded correctly--not close to 65, but a solid 64, with nice eye appeal. With the broken holder, I don't think it is a $450 coin; to me, I would say $400 is more like it. I would put it on a "definitely consider seriously" list.

 

Great minds think alike, MD !! I did and have done so. Even offered an amount you suggested.

How was it received ?

Let's just say my offer went over as well as a meeting of Bernie Sanders protesters with Donald Trump supporters in a hot, crowded elevator !

 

Any thoughts on that white streak and those concentrated micro-abrasions at 9 o'clock ? I haven't seen them before.

 

PCGS 1 The first generation holder

 

Well, I don't think that he is going to sell the coin particularly soon, then. I have a visual on the political analogy.

 

Moose, my post a page or so back has a link to virtually ALL The PCGS holders since 1986 with all the variations. I think the guy also has one for NGCs, too. But I didn't grab it yet. Both over at CU.

Also shows you some potential counterfeit slabs and how to tell them apart.

 

Another 1886 MS64 DMPL....in the OGH (actually the 1st PCGS holder, it's really not green). The seller wants a HUGE premium which I don't think the coin merits. This isn't going to be an MS66 in a crack-out, even I know that.

http://www.ebay.com/itm/141924167481?_trksid=p2055359.m2763.l2649&ssPageName=STRK:MEBIDX:IT

Another one priced right at FMV:

http://www.ebay.com/itm/1886-Morgan...021923?hash=item1a0874cc63:g:5fkAAOSw9mFWNHvo

OGH Version 4.0:

http://www.ebay.com/itm/1886-Morgan...786208?hash=item33b3421ba0:g:yfYAAOSwP~tW42EB

Here's the complete list of 1886 MS64 DMPLs; prices all over the map and HUGE differences in the ratings:

http://www.ebay.com/sch/i.html?_from=R40&_trksid=p2047675.m570.l1313.TR0.TRC0.H0.X1886 MS64 dmpl.TRS0&_nkw=1886 MS64 dmpl&_sacat=0