GTG 1894-O Morgan

Discussion in 'US Coins Forum' started by Santinidollar, Aug 16, 2016.

  1. Cascade

    Cascade CAC Grader, Founding Member

    I feel like Adam Sandler right now :wacky:

     
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  3. Santinidollar

    Santinidollar Supporter! Supporter

    @Paddy54 cleverly saw it as a semi key date and probably figured El Cheapo here wouldn't have gone for an MS grade. :woot: Still really like this coin.
     
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  4. Paddy54

    Paddy54 Well-Known Member

    Santinidollar , wasn't referring that you were El cheapo,just the fact that it is a semi key coin and in MS would be a huge hunk out of your coin budget.
    I sold a 1893 O a few months back as it was graded xf 45. The reason though I sold it was two fold one yes it was a semi key 300,000 and held a premium but since I really don't collect Morgan dollars as a set it really didn't need the slot filled.
    Second the money was used to buy another item that fit better in my collection . And yet a 3rd reason even though it is a semi key watching over the years I haven't seen any movement upwards on a coin that has such a low mintage .
    We each make choices to our collecting , I had the opportunity about 1.5 years ago to buy a extremely rare variety coin. I cherry picked it off e bay. However the coin had some bad damage. Even though the coin was like an R-7 variety I just couldn't live with it having such damage.
    I do know quite a few collectors who could see through the issues and would of jumped on it. Would of,could of ,should of , is always in play in collecting.
     
  5. Cascade

    Cascade CAC Grader, Founding Member

    Which variety?
     
  6. Paddy54

    Paddy54 Well-Known Member

    It was an 1876 Shield nickel known as a bleeder . A very rare find where the engraver slipped several times preparing the die causing vertical lines running up through the shield horizontal lines. I have seen two, they carry a nice premium . However the damage was on both sides and there were deep cuts even in the rim.
    Resale would of been a task as you would of needed a buyer who could except that much damage for the sake of the variety.
     
  7. Paddy54

    Paddy54 Well-Known Member

  8. Cascade

    Cascade CAC Grader, Founding Member

  9. Paddy54

    Paddy54 Well-Known Member

    Sorry no but these are like hens teeth. So pack it away in the attic in case you're walking a show and spot a Shield nickel . :)
     
  10. Cascade

    Cascade CAC Grader, Founding Member

    There's other coins than morgans at shows? Who knew
     
    Argenteus Fossil likes this.
  11. Paddy54

    Paddy54 Well-Known Member

    Go sit in the corner .
     
    Cascade likes this.
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