The Official Morgan Silver Dollar Thread

Discussion in 'US Coins Forum' started by GoldFinger1969, Feb 11, 2016.

  1. Sean5150

    Sean5150 Well-Known Member

    That is what I'm hoping! Somehow I feel like if the give it PL there's no way they'll give it 64, but that would be the best case scenario.

    I sent in one that I had no doubt but came back straight grade. It looks like the obverse wasn't good enough. Here it is:
    IMG_0567.JPG IMG_0569.JPG
     
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  3. talkcoin

    talkcoin Well-Known Member

    Here are both those coins next to each other...not seeing yours as PL whatsoever, while Sean's coin looks semiPL/PL...these are observations from just one set of photos of course. Both are cool GSA Morgan's for sure though ;)

    image.jpeg
     
  4. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I'm somewhat surprised that no Morgan has ever graded MS-70; I believe 69 is the highest grade given. Ditto for Saint Double Eagles.

    Coin collecting was in vogue in the late-1800's and early-1900's, you would think there would be a few 70's...but no.

    Strange.
     
  5. Morgandude11

    Morgandude11 As long as it's Silver, I'm listening

    Straight on photographs do not necessarily show proof like status. It is very hard to capture a prooflike coins without multiple pictures, mostly at an angle. Those show nothing in terms of reflectivity.
     
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  6. GoldFinger1969

    GoldFinger1969 Well-Known Member

  7. Morgandude11

    Morgandude11 As long as it's Silver, I'm listening

    Very nice coin. A bit pricey. Hint, go to the David Lawrence website if you are interested in making an offer--it is cheaper there, as they don't have to pay eBay fees. David Lawrence coins ask higher prices on eBay than on their website, and they more readily take offers.
     
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  8. Cascade

    Cascade CAC Grader, Founding Member

    It had to do with the minting process. After morgans were struck they slid down a metal slide chute from the press into wood crates or barrels. Then each one was handled by weights & measures girls to make sure each was within tolerance. They would even tap each one on a table to check the sound for purity errors. Then they were placed in 1000 coin bags and those bags were hauled around across the country or into vaults like potato sacks... It's actually the opposite as in its amazing any can grade 69 today :)
     
  9. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Nobody thought about having a Mint employee grab one after the coin was struck to bypass all the processes which led to dings ? Even in the 1920's and 1930's when coin collecting was now big business for some rich people ?
     
    Last edited: Apr 16, 2016
  10. Cascade

    Cascade CAC Grader, Founding Member

    The mint aren't collectors. They make money to circulate in commerce pure and simple. As well as special coins specifically for the collectors (proofs). Or at least that's how it used to be lol.

    Some rich people in the 20's did get preferable treatment though like Zerbe and Chapman. Two big dealers that had enough pull to get what they wanted in the form of special 1921 morgan proofs struck specifically for them
     
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  11. Sean5150

    Sean5150 Well-Known Member

    My grades came in at NGC, the '78 got MS64 and the '82 got MS65PL, Morgandude nailed that grade. Not bad at all, I paid $350 for the '82 and $650 for the '78!
     
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  12. CAB

    CAB New Member

    Im sorry about the delay I just come across your comment. But i have a digital scale I bought years ago from my local coin dealer. It has 4 weighing modes. And it only goes to .1 accuracy. Thanks
     
  13. JPeace$

    JPeace$ Coinaholic

    Congrats Sean. I'm late to the party, but I think they got the '78 correct IMO.
     
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  14. Morgandude11

    Morgandude11 As long as it's Silver, I'm listening

    They did get it correctly. I thought it was borderline PL, but that is hard to tell from photos. Congrats on the 65 PL for the 82cc--that is a very nice coin!!!
     
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  15. Sean5150

    Sean5150 Well-Known Member

    Thanks guys!
     
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  16. C-B-D

    C-B-D Well-Known Member

  17. Sean5150

    Sean5150 Well-Known Member

    Here's my last submission, it was a VAM fest. 1878 VAM 19.2, 1882 VAM 2C4, 1882 VAM 2B, 1882 VAM 2C4, 1880 VAM 7A IMG_0626.JPG
    IMG_0618.JPG
    IMG_0622.JPG IMG_0630.JPG IMG_0614.JPG
     
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  18. Slkgold

    Slkgold New Member

    Could someone please explain why an 1878cc is valued higher than an 1878 8TF? There were 3 times as many 1878cc minted and the 1878 8TF was only minted for about 2 weeks. Thank you!
     
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  19. Sean5150

    Sean5150 Well-Known Member

    There were about 750,000 8tf Morgans minted, about 2 million 1878 CCs. The 1878 CCs were abused and became conditional rarities, and tack the CC bump on there and you have your answer. The prices are pretty comparable in mint state, a MS66 8Tf actually being worth more than a 78 CC.
     
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  20. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Any trends in Morgan pricing the last few months or over 2016 into 2017 ?

    A quick glance at Ebay and HA shows me that -- at least for my small collection -- prices are about where they were previously even though silver is a bit higher. But silver was up 30% at mid-2016 and then fell back so maybe prices were stronger then ?

    I bought most of my coins in late-2015/early-2016 when the silver price was lower for whatever that means to the numismatic premium.
     
  21. GoldFinger1969

    GoldFinger1969 Well-Known Member

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