I'm curious as to what your opinions are. I'm thinking MS-62 maybe MS-63. I just picked her up today from a bullion dealer. I have a buyer lined up already, so it's just a flip. Funny thing is the buyer is a pawn shop of all places. I walked into this pawn shop today and noticed he had some GSA's, all common CC's. He had the '83 and '84 marked at $250.00 and crazily enough the '82 marked at $550.00!! My curiosity was peeked. I told him I had a couple of those '82's at home and might be interested in selling one. I asked what he would be paying for one. So he popped out a Red Book and started telling me that "these Morgan Dollars are all uncirculated and probably grade MS-65 or higher". I played dumb and said, really? He said "yes, and in that grade and higher they book at $600.00 and more". So I asked him if I brought one of mine in what would he pay for it. He replied "$350.00, I need to make a little money on them". I knew in the back of my head exactly where I could source one for just under $200.00. So I told him I'll run home real quick and bring it in. I asked if his offer would be good, he replied yes. So I went and paid a visit to the guy who had an '82, '83 and '84. I worked a deal with him and drove the Morgan over to her new home. I've never come across a pawn shop that tries to buy and sell coins based on Red Book prices. I used to go in all the time to buy stuff, then suddenly their prices seemed to really sky rocket, now I know why. Sorry this went off my original subject. I had already been contemplating buying this Morgan and sending it in to be graded. But now I won't have to.
Thanks Rheingold. There is a couple of small yet noticeable scratches/gouges near her eye and just off of her ear. They are hard to see in the photo, but under a loupe you can see them. I'm glad to hear that I was a bit conservative in my estimation on the grade. I need to look at quite a few of the upper grades to start really nailing them.
Looks like the coin has full luster and very clean surfaces. That counts most. The scratches and gouges avoid a better grade. In my opinion a slightly better condition than average for this year and type.
I think it's one of the "normally baggy" GSA Morgans. I'd go with MS-62. Too many marks in the prime focus areas.
3, chance of 2. more than a minor amount of noise on face and open field in front of face. and the scratches on reverse seal the deal for me. no chance of 4. IMHO, of course
Thanks everyone! You confirmed my suspicion. I was thinking 62-63 due to the bag marks on her cheek and a few small gashes near her eye and ear. No sellers remorse here. I'm keeping my eye out for the next one.
@jtlee321 , I don't know what your budget is, but you might want to a DPL to your GSA collection. I have 4 or 5 of them. They look great in those big GSA holders!
@alyssacoins.com my experience with the GSA holders and I have been through hundreds of them is that the vast majority have been cherry picked. Look at the holder to make sure it has not been tampered with. If it looks like it has been tampered with, then it's been cherry picked. Regardless that is a sharp coin and it is a CC so, it was worth it. Just something to be aware of when picking up those coins in the GSA holders. As for my opinion I would go with MS62 - 63 if your having a good day.
Thanks everyone!! Well she has moved on to her new home at the pawn shop. The guy paid me $350.00 for it. I'll save the profit towards new and better coins in the future.
