1892-S Morgan = Should I send to PCGS? Please grade, thanks!

Discussion in 'US Coins Forum' started by p91, Jun 26, 2009.

  1. Ripley

    Ripley Senior Member

    I guess its all relative Mark. Traci
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  3. Mark Feld

    Mark Feld Rare coin dealer

    That's why I asked what your own value cut off is in determining whether you think it's worthwhile to have a coin graded. I'm still wondering?
  4. p91

    p91 Senior Member

    we already have 2 coins we (dad & I) definitely need to send to PCGS , what would be the approximate cost to have this coin graded? (after pcgs membership) should I pay extra and have them check it for VAM's?

    I guess if it brings a better grade it will be more valuable in a PCGS holder... if not, might be more valuable loose ?

    I would be lost without all of your guys & gals help; again, THANK YOU! I am very appreciative of everyones knowledge, opinions and kindness.

  5. huntsman53

    huntsman53 Supporter**

    I would definitely send it in for certification and grading...especially since you are already sending two other coins! Having the coin certified and graded and being authentic, can be significant (as far as what the coin brings) if you decide to sell it! I am not sure of the actual costs but from what I could tell from PCGS' Fee Schedule, the total cost would be around $111 not including the shipping to send it to them.

  6. Mark Feld

    Mark Feld Rare coin dealer

    The PCGS fees are dependent upon the speed with which you want the coins graded, the insured value per coin, etc. Here is their fee schedule: http://www.pcgs.com/grading_list.chtml
  7. mark_h

    mark_h Somewhere over the rainbow

    I agree with the others - this should go onto PCGS.
  8. raider34

    raider34 Active Member

    Very nice Morgan :thumb:, I would say XF40, maybe XF45. Btw it looks like VAM12 (Slanted far date and S set high) VAMworld - 1892-S VAM-12
  9. CamaroDMD

    CamaroDMD [Insert Clever Title]

    The problem is, the 1892-S makes a very large price jump from VF to XF grades. But, this coin is sort of on the boarder between them IMHO. I would be unwilling to pay even close to XF prices for this coin raw because I am unwilling to risk it. If it was slabbed, I would be more confident with my purchase. I think this is a coin to slab if you believe it will grade XF...again, I don't know that it will.
  10. Mark Feld

    Mark Feld Rare coin dealer

    And in this case, assuming that it's genuine, I actually think it has a better chance to grade AU than it does VF.
  11. p91

    p91 Senior Member

    The interesting part is the 1892P looks VERY similar from the folder this came out of, has the same toning aroudn the edges and a dark reverse that has rainbow toning on it. (the 92P is definitely AU though)

    I found a picture of a XF40 coin from PCGS; it looks more worn to me... the pictures dont show it, but the coin I have's reverse is pretty darkly toned, will this detract from the grade? the toning does look quite pretty from angles.

  12. the_man12

    the_man12 Amateur Photographer

    xf45 or au50 but probably the former
  13. chip

    chip Novice collector

    If you are selling the coin to a collector, the slab will add cost to the coin, possibly putting it out of the collectors price range, if you are selling to an investor who cannot be bothered with learning about grading coins and wants a tpg slab because he does not feel he can trust a mere coin dealer then go ahead and slab it.

    I would give it a xf, if I were to have to choose between two exact coins, one slabbed and one raw if the slabbed was more expensive I would pick the unplasticized coin.
  14. Mark Feld

    Mark Feld Rare coin dealer

    Even if all of the above is a given (which I don't think it is) that doesn't cover situations where the grade is legitimately in dispute. Along with that, a fair selling price might be difficult to determine. Whether we like it or not, for sellers to get full value for their coins, often they need to have them graded by an independent third party.
  15. Paddy54

    Paddy54 Variety Collector

    I hate to po po anyones coins... however I have had better coins come back in body bags from both NGC & PCGS! However if you do send it in please by all means post a follow up on this coin. Pictures always don't show the real story.... I had a $1 gold coin come back as ungenuine / fake that was so good I would of never guessed it was a fake. I can't remember the coin world date but there was a story about the Chinese fakes out in the market...the author took a hord of fakes around at a well know coin show. 85% of the dealers who made offers were freaked out by the seller who when the deal was made said to them so you give me $$$ amount for a fake coin? 15 % said they had no use for the coins he was selling ...but still had no idea that the coins in his hand were fake! I have been collecting for over 48 years now my father worked for the Federal Reserve but I still have been taken by a very good FAKE! Best wishes on your coin. Regards Paddy:rolling:
  16. CamaroDMD

    CamaroDMD [Insert Clever Title]

    I think this coin has way to much wear to go AU. The 1892-S is typically a well struck coin so you can't really attribute any of the flatness to strike quality. I could see it going XF...but not AU.
  17. mgChevelle

    mgChevelle AMERICAN

    i agree camaro, too much wear for AU. i would say xf-40/45. nice coin
  18. coins123

    coins123 Member

    No way will this go AU, I sent an 1884-s that had much less wear than yours and it went au-50. There was still some breast feathers on the eagle. I say yours still can go xf-40. Unlikley to be fake, those are common for 1893-s but not so much 1892-s except in high grades. Send several other coins to PCGS and choose the $18 tier.
  19. just coins

    just coins New Member

    It just may make an AU50 grade here;s an AU 55 grade slabbed by PCGS
    The op's coin has nice slit toning on the reverse and obverse too

    Attached Files:

  20. CamaroDMD

    CamaroDMD [Insert Clever Title]

    The 1902-S was a very weakly struck date...the 1892-S is not. A lot of what you are seeing on this 1902 is due to the strike not wear.

    The OPs 1892-S has much more wear.
  21. Phil Ham

    Phil Ham Hamster

    I think the coin is authentic and about an XF-40 rating. I bought an F-12 a couple of years ago for $21.50. I'm not sure if its worth slabbing unless it gets to an AU-50.
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