My grandfather passed away about 3 years ago and left me a "1889-CC MS65 Morgan dollar peice" graded by NNC. Its just lying around so i might as well sell it. I dont know how much it is worth so i want your opinion before i sell it less than what is worth. Ill post pictures when i find my digital camera.
please post good large photos of both sides. You may have a very nice coin, but the problem is that NNC is not a respected grading company and they have almost certainly overgraded the coin, failed to mention damage, and/or called a fake piece authentic.
If the coin is what NNC claims it to be (an authentic, unaltered, problem free MS65 89CC Morgan) then it would be worth $175-$200 thousand, but if it is an MS64 ( a very small difference in appearance) then it would only be worth about $40,000. If it is very lightly circulated (which is my guess) then it would be worth about $10,000. If the piece is damaged or altered (had the CC mintmark added to a non-CC coin) then it is worth $10. As you can see, with a value range of $10-$200,000 it is important for us to have more information before we can be helpful to you (as in good photographs). If it is authentic then we can recommend some good avenues for disposing of the piece, but that is a discussion for later.
Yeah you can, what you do is remove the CC from a common date coin and attatch it to a 1889P Morgan. Some counterfeits are more obvious than others.
absolutely! In fact some are so well done that a lay-person would have serious difficulty in noticing it. The possibility of such an event occurring becomes exponentially more likely when dealing with a coin that is worth as much as yours could potentially be worth. Also another way to fake a mintmark is to drill into the rim of the coin and create a hollow space from the rim to beneath where the MM would be. Then take a long pliers like instrument with a raised CC on one end and a hollowed out CC shape on the other and use it to raise a MM from beneath. Then fill the hole in with molten silver (the metal removed from the coin during drilling) and reform the rim to disguise the alteration. The problem with NNC is that they are not one of the top 6 graders (and of those 6 only 2-4 are really respected) and as such they are not trusted. If you want your coin to sell for anywhere near the prices I quoted above you would need to have your coin graded by NGC or PCGS (assuming it is not damaged/altered/cleaned), no one else will realize as good a sale price as those two.
wow that must take some serious talent to alter or counterfeit the mint mark. If you know so much about this can you put the CC on my Morgans? Haha, Just kidding. But i dont think mine is counterfeited. Ill try and get pics
:headbang: :headbang: I just started itching too. I want to see this. I had a coin graded MS65 by NNC, turned out to be MS63. Went from a $3200 coin to a $200 coin....luckily I only paid $195 for it. Sold it for 213 or something like that...heyat least I made a profit......of $18. I HATE NNC and NTC for that matter! :headbang:
I suppose it does, but when you can take a $50 coin turn it into a $10,000 coin then it is worth your time to master what you are doing.
p.s. I'm gonna guess that your coin probably isn't altered, but there is likely some other problem. It just doesn't make sense for someone to send a coin of that magnitude to a bottom feeder grading company unless there is something wrong with it that would prevent it from being slabed by a reputable company. Someone had the money to purchase a multi-thousand dollar key date coin and then chose to send it to NNC to save $10 in grading fees, especially when the coin may be less marketable in NNC plastic than it is raw!
Well im guessig he didnt even know what the coin was worth and just sent it to a grading company without even knowing if it was a good on or not.
Sure it does - you would be amazed at how many collectors there are out there, even those with a lot of high dollar coins, that actually believe that any grading company is as good as any other.
hmmm, after hunting around it appears that NNC hasn't been in business for three years yet and according to their website they will not grade any coin valued over $10,000. They claim 25 years of numismatic experience so I doubt that they would have missed the fact that this coin in any MS grade exceeds their own rules for slabbing. hmmm, can you explain the appearant contradiction here? Did you have the coin slabbed after you received it? Help me understand please.
ok, I withdraw my previous comment and replace it with, "Wow, it just wouldn't make any sense for me to send that particular coin to NNC unless I knew of a problem that would prevent encapsulation at NGC/PCGS."
Besides the new grading company, "NNC" are also the initials of the National Numismatic Collection, the Smithsonian Institute's coin collection, but I don't think they grade and slabe coins.
You know, I'm gonna have to make a trip to DC to see that collection. When I was there in HS (1995) it wasn't on display, although I admit I was more interested in other things at the time :hug: :kewl: lol
I agree with Trolly...we need more info on how this coin got into an NNC holder. Something is amiss here, methinks. Nick
