The year is almost over, this is my last coin purchase of the year. Was visiting family and hit the LCS on the way out of town. I was hoping to nab a lowball after the thread from @Omegaraptor Well, this one spoke to me. What do you think of the grade? For fun, what did I also purchase it at?
It looks a bit cleaned to me but I don't think it matters at this grade. I'm thinking FR-02. I love this coin as well. It's a CC that actually experienced history instead of sitting in a bank vault for decades.
I can't disagree with Omegaraptor's grade and agree the coin has seen some real history. Even with a willing suspension of disbelief, it's pretty hard to imagine that an MS65 Carson City dollar actually ever saw the bar top of a saloon, or even the inside of a farmer's pocket.
The 1884-CC Morgan Dollar is more common in all grades than the 1881-S. Bank vaults are a wonderful thing.
PCGS has 56,279 1884-CC's in all grades total, and 101,000 1881-S's in MS64 alone. NGC numbers are similar.
It's actually coinfacts survival rates. Edit: Never mind, there are more 1881-S Morgans in all grades, but more 1884-CC in UNC.
It's just my opinion, but I think the whole low-ball craze is another ploy to get collectors to submit coins for grading that should have been sent to the refiners to be melted down. Suppose you put together a complete set of Morgans, sans 1895, in P1/F2 conditions. What have you got? It may put you at the top of the ranks of low-ball Morgans, but you've really got a bunch of coins that are UGLY and that only another low-ball collector will want to look at. I'm not trying to put down anybody who likes low-ball coins; they're just not my cup of tea.
Wow. That's one hell of a conditional rarity. My gut says you should be able to pull around $150 for it. My guess is you paid around $60
Thanks all for the comments. It was listed for $35 hanging around a bunch of shiny Morgan's mostly all xf-au. This lady had character, she stood out from the bunch, she had done her time and has a story or two to tell. I ended up getting $5 off due to being a frequent customer and the holidays and they knew I was visiting. So she came home with me for $30 and she won't leave my possession. She's my last coin of 2016 and labeled such. It's fun also to hold her. She doesn't want to be in plastic.
