As everyone knows this is a common Morgan, but not so common in higher grades. I had a friend in a bit of a financial pickle and gave him a $200.00 for this coin. I wouldn't pay this much normally buy It was kind of a favor. In AU 50 it graysheets for 170, in AU 58 it graysheets for 300. MS60 is $470, I don't think it will grade there. Who knows. Just one of those things I need reassurance with. Whether it be keeping it raw or sending it in. If I did send it in, it would be to PCGS. Thank you all in advance!
I don't think you'd get an unc. grade out of it, or even a 58. IMHO, coins like this are fine uncertified.
It does have a little luster left on it. Such an oddball condition. If I sell it in the future ungraded, potential buyers will guess low on it. Graded will kind of take a lot of the guessing game out of it. That's where I'm torn.
This was pretty much what I was thinking, just wanted some reassurance. I'll put it in a flip and toss it in the pile. On to the next adventure. Thank you for help, much appreciated.
I wouldn't exactly "toss it in the pile" in the "chalk it up to experience" sense; the luster would likely net you AU50 without trouble and at that grade you are not really underwater at $200. You received solid value for your favor, without taking advantage. It's VAM-3, easily determined by one of the farthest-right dates in the entire series. Not a value-adder, but interesting to the VAM nerds among us.
It's circulated and it shows it. It does have a nice die crack on the reverse but not worth grading. You bought a nice coin at a fair price so be happy and leave as is.
Agreed. I would say less than that. I would go with AU 50. Fairly noticeable wear on high spots on the obverse, and no feathers on Eagle's Breast. I would say borderline AU. Could even get a high XF grade if the grader was tough that day.
If it was a "better" date, but it's not. Nice as is. FWIW, I like coins like that, especially Carson City's - it's ok for my grandaughter to hold it in her hand - much better experience than a slab!
