i saw this beauty and just want to get it. lol to bad i dont have $4000 to drop. i am sure it will end pretty close to that. guess i can dream of it http://cgi.ebay.com/ws/eBayISAPI.dl...30828&ssPageName=STRK:MEWAX:IT#ht_3728wt_1139
Isn't that seller known to use metal polish on his coins? Or was that a different seller? Either way I haven't heard good things about this seller...
The metal polish is a different seller. This seller is known for edited, overexposed pics, and rather generous grading. The pics in that auction are pretty much useless, but I'm sure that coin has a ton of hairlines.
What is with the area above the ear? I wasn't aware that proof Morgans suffered from striking problems. There is a recent thread on NGC where it was stated that this seller buys PR60-62 graded coins, cracks them out, takes misleading photos, and sells them raw as gem proof coins to the unsuspecting. I hope that you don't join that club urbanchemist.
It's a problem with a few dates, most notably; 1888, '89, '92, and '93 ('92 and '93 probably being the worst struck dates, with '88 right behind them). From what I've read there really isn't an explanation for the weak strikes, just that the mint chose inferior dies.
no way. i would never spend that much on a raw coin. i guess i had never seen a morgan look like that before. i wouldnt spend that much anyways on a coin right now. i would put that money towards a 426 for my jeep
Here is a coin graded lower than greatsoutherncoin's description of his coin. This is a PR61 with a ton more hair detail than the "CAMEO PROOF" SOLID GEM PF found on the eBay site. Image courtesy of CoinFacts.
Stay away from GSC there is a reason they sell hundreds of high value RAW coins every week and its not because they are too lazy to send them off. gawd..... what is the matter with people? http://cgi.ebay.com/1856-Flying-Eag..._Individual&hash=item41558ea6c3#ht_3891wt_934
Well with a purported 2,000 minted for that date, that price isn't too far-fetched it seems. Right now with 10k it's trending Red Book VF-20, and from what I've seen, isn't Red Book pretty good with pricing these rarer specimens as a result of auction results? I'm not skilled enough to tell whether or not it's genuine (I heard something with the "8" in 1856 differs from other flying eagles?), and it's very likely cleaned... regardless, definitely a rare specimen! The coin reeding looks pretty jacked up though...
ah yep - not only has it been cleaned. A good portion of the rim is missing at least with my old feeble eyes, thats what it looks like to me. 10k for a badly damaged coin? really? their name keeps coming up as a seller that seems everyone in the know has bought 1 or 2 coins from them, its amazing how much activity and the prices they get consistently. and obviously they manage to keep people from roping them with negs. Click on this link. http://toolhaus.org/cgi-bin/negs?User=greatsoutherncoin&Dirn=Received+by
$3,250 just seems like a lot to spend on a raw coin on ebay. And yes, it does look like there are some whizzer marks in the field.
I see what you mean, and I am by no means defending the unscrupulous practices of GSC (real dirtbags IMO), but I'm sure you can agree that condition was not the determining factor in that auction. Sure, it's cleaned, and from the looks of it it does look either bent or rocking some serious rim damage... but it is (supposedly)authentic. That coin's price definer is its low mintage, regardless of whether or not it is cleaned or damaged, it is a legitimate specimen from a pool of 2,000 coins over 150 years old. You initially said "What's wrong with these people;" I know what you are saying, but in that particular case, people paid a fairly reasonable price considering the rarity of the coin itself. As for this comment: I'm sure you'd agree that such a statement overlooks the scarcity of the coin in question. a '33 St. Gaudens and a 1913 V Nickel might be cleaned or damaged, but I'd certainly pay 10k for that .
Yes cleaned, but the rim is not missing, you can see it in the background. That right there shows you how much the image is manipulated.
$3250 seems like a lot to be spending when you know the pics aren't as the coin seems. Even if you have the money, why bother when you already know this stuff?! That is the type of coin that an experienced collector would buy, but if they were experienced, they would have stayed away from the specific specimen.
I'm with you. and honestly, I wish I was them... they turned........ are you ready for this?! 4.7 million dollars in the last 6 months. and I don't want to stir up the pot, but when one seller alone is doing that much. it just makes me think more about where the real markets and consistent values are. could it be that it is in problem coins?
