I recently picked this coin up for what I feel was a good deal but I have had severls people tell me that since it is not graded byone of the top 4 grading companies (PCGS, ANAC, IGC, NGC) that my coin is most likely been way over graded and that I may be lucky if it is worth $50 I have attached what I feel are good pics that show the slight toning around the edge let me know what you all think
Hi Benny, In my opinion the coin appears to be in ms-64ish condition. Chances are your coin is worth roughtly between 30 and 45 dollars.
My first impulse was MS64, no better. For NNC to be overgraded by only two points is actually pretty good. Another major problem with those NNC guys is failing to detect cleaned coins. I haven't look really closely, but the eagle's breast is really flat. Is it possible that's light wear ?
Thats pretty nice for a NNC, and I agree on the breast, if it's not wear, it certainly stops any 65 designation due to weak strike. Thats an 81-S, they have to scream to be 65's, but that cheek sure looks clean to me, might balance out.
thank you Well as you can guess I am some what new to serious collecting I did collect a little as a kid buying what ever looked cool in the 5cent bin at the local coin shop. So I thought a slab was good right? well as I now know not all slabs are graded equal. Now that I compare this 1881-S MS-66 graded by NNC next to my 1884-O MS-63 by NGC I can see what you guys are showing me to the point my 1884-O actually looks a hair better. So I made my first novice mistake and was take for $75 for an over graded coin. So what now? Should I crack it open and submit it to PCGS or NGS for a proper grade? I am not kicking myself to hard but putting this up to a learning experience.
Consider that as tuition for your numismatic education. Some people pay a WHOLE lot more than $75 (less the true value of your coin) for their education. Don't feel bad about making a mistake like this. We all have made mistakes. My advice is to LEARN from your mistake. I am glad to hear that you are still interested in the hobby after falling for an overgraded self-slabbed coin. Many people leave the hobby after getting swindled (and that's a shame). Educate yourself and you will greatly increase your odds of enjoying the hobby. As to what to do with the coin - you can always sell it on eBay. Just describe it exactly for what it is. Make no claims as to the accuracy of the grade. This is an extension of The Greater Fool Theory which states that if you were a fool to buy something you need to find a greater fool to unload it on.
If it were mine I'd just crack it out and keep it as a raw coin. If you insist on having all your coins slabbed, you might consider adding a sticker with your opinion of the true grade.
what about crossover grading ANAC said they would crack it open and re-grade and reslab the coin for me what is everyones opinion about ANAC I have read there is some legal dispute going on with them and IGC right now
ANACS was recently acquired by a former ICG emplyee and moved to Englewood, CO (just a couple of miles from ICG). ANACS fired most of their old staff and hired most of ICG's staff. Naturally, that upset the owners of ICG and they have turned the lawyers loose on the new owner of ANACS and a handful of former employees. (It's more complicated than that but there is no need to go into the details.)
Well I am almost a firm believer of crack it out first and then send it in. For some reason I find it hard to believe that graders don't see the holder and become somewhat prejudiced. That is just a personal opinion. Other than that I like ANACs.
how do I crack it open Ok with all that said how would you recommend I crack it open with out damaging the coin?
With all due respect, I would not spend the money to have it regraded. Even if it received an MS-65, the coin would only bring $120 at top dollar. I, personally, think the coin to be an MS-64+. If the grader was having a good day, he'd let it slide into 65. 1881-S's were one of the finest struck Morgans made. Graders tend to be a little more strict with them. I still don't think it's worth the money to have it graded again, but it's your collection.
That actually looks like a fairly attractive coin. Can't tell for sure, but it may make MS65. If you're considering regrading it I would suggest going with NGC or PCGS...good luck if you decide to send it in Kris. :thumb:
i think it's a nice coin, looks like a good strong strike .but, i think you should take it to one of the top grading co. and find out what it really is. i don't trust (the other guy's), because i've heard of overgrading.it might be worth it, still, it"s a nice coin from the pics.:thumb::thumb:
Here is my 2ç, 1881-s is one of the easiest to find Morgans in MS63 & up. 81s coins are for the most part very well struck and many have PL fields. As you can buy them raw out of a roll all day long for $40-$50, I would not spend another dollar on the one you have. Just enjoy it for what it is. A really nice example of one of the best Morgan dates.
As was said ANACS now employs former IGC graders. And IGC has some of ANACS graders. Only a few years ago IGC was considered second string by folks here and in general. But now since e-bay approved IGC, theyre the prodical son. Dont waste your money grading it. It looks like a good solid 64. ANACS might even lower it because of the wear on the breast. Coin values prices 1881-s ms 64 at $80. So you did fine.
