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<p>[QUOTE="nesvt, post: 25875, member: 1749"]I was traveling for work this week through NH, MA, RI, CT, and NJ. I just started collecting Morgan's this summer and there are no coin shops in my area. I've been trying to keep my eyes open on these trips. Found an old hobby shop that had a tiny sign reading "<i>WE BUY JEWELRY & COINS</i>". I was running really late and the weather was horrible, but I went in to check it out. Lots of models, trains, remote control stuff… and a small backroom with a case full of coins. Not sure if you folks do this all the time… maybe you're close to fifteen shops, maybe you don't mind driving six hours for a specific dealer you have a relationship with, or maybe you're isolated and rely on the internet. My nearest coin shop takes a full day... drive, cross a lake, drive some more. This place had a couple hundred Morgan dollars, lots of Walking Liberty halves, and a few trays of other coins. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /> </p><p><br /></p><p>Ordered by date, mint, and stacked up. All in 2x2's. No slabs. He had a dozen 1878-P stacked upon each other, then a half dozen 1878-S, then ten…. it was pretty cool for a newbie. Prices ranged from $15 to hundreds. I ended up getting a couple marked UNC for $15 and $22. I checked out a blazing coin… <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie6" alt=":cool:" unselectable="on" unselectable="on" /> so blinding and detailed that I don't even remember the year! He told me the price and I gave it back. I told him it was beautiful and the others looked great too. Said I'd write down the dates I needed and would come back one day…. I was running late. Suddenly he says "I've got a <b>bucket of Morgan's</b> for $8 each. I'm going to raise the price soon because I heard silver went up.". He pulls out a bucket from a locked cupboard and drops it in front of me. It's got about a hundred coins in it. He told me that he buys out estates and pulls the nice coins out to sell separately. Claimed he gets a great deal and can pass it on... and still makes a nice profit. Anything dirty, worn, or scratched, he throws in the bucket. </p><p><br /></p><p>You could read dates on all of them, but at least 80 out of the 100 were very circulated (AG/G/VG). I picked five better grade coins.... 1878-S, 1879-P, 1879-S, 1921-P, 1921-D. I know the dates aren't special. I didn't have time to look. I want to go back and try this "cherry picking"-thing out. </p><p><br /></p><p>Anyways, I paid my bill and was leaving... and he says "too bad you don't like Peace dollars. That bucket's even bigger". <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /> <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /> <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /> </p><p><br /></p><p>I got back to my hotel room and took out a couple books and my loupe. When I heard $8, I thought I could get some coins to "learn" with. I want to see what a dipped coined looks like first hand, same for a coin cleaned with acetone, and maybe a re-toned coin.</p><p><br /></p><p>The 1878-S has to be an AU. It has a black carbon paper type stain on it. Turns out to be a VAM-15 with several very strong die gouge lines through the each wing and two strong lines between the eagle legs.</p><p><br /></p><p>The 1879-P might be VF/XF; has a ding in the rim. It has some dark crud in the devices.</p><p><br /></p><p>1879-S is very dark on the reverse. Looks like it's just toned to me. Must be XF at least.</p><p><br /></p><p>The 21 and 21-S are XF. One looks completely light/medium green on the back, the other has dark green spots (PVC?).</p><p><br /></p><p><u>Questions</u></p><p>Aside from the 1878-S VAM-15, do the others sound okay to experiment with?</p><p>Where can I get some "dip"? I assume the instructions are on the label.</p><p>Acetone? Nail polish remover? Is there a coin-quality acetone solution? Light cleaning with a cotton swap... no rubbing?</p><p>I'd going back to look more carefully. In general, if a Morgan dollar is just dirty (still VF+ and no dings/scratches), is it always worth $8?</p><p><br /></p><p>I might try to post a few pictures on Saturday.</p><p><br /></p><p>I appreciate all of the help. I'll send a note to ND next week. I'd like to host one of those weekly contests.</p><p><br /></p><p>Norm[/QUOTE]</p><p><br /></p>
[QUOTE="nesvt, post: 25875, member: 1749"]I was traveling for work this week through NH, MA, RI, CT, and NJ. I just started collecting Morgan's this summer and there are no coin shops in my area. I've been trying to keep my eyes open on these trips. Found an old hobby shop that had a tiny sign reading "[I]WE BUY JEWELRY & COINS[/I]". I was running really late and the weather was horrible, but I went in to check it out. Lots of models, trains, remote control stuff… and a small backroom with a case full of coins. Not sure if you folks do this all the time… maybe you're close to fifteen shops, maybe you don't mind driving six hours for a specific dealer you have a relationship with, or maybe you're isolated and rely on the internet. My nearest coin shop takes a full day... drive, cross a lake, drive some more. This place had a couple hundred Morgan dollars, lots of Walking Liberty halves, and a few trays of other coins. :D Ordered by date, mint, and stacked up. All in 2x2's. No slabs. He had a dozen 1878-P stacked upon each other, then a half dozen 1878-S, then ten…. it was pretty cool for a newbie. Prices ranged from $15 to hundreds. I ended up getting a couple marked UNC for $15 and $22. I checked out a blazing coin… :cool: so blinding and detailed that I don't even remember the year! He told me the price and I gave it back. I told him it was beautiful and the others looked great too. Said I'd write down the dates I needed and would come back one day…. I was running late. Suddenly he says "I've got a [B]bucket of Morgan's[/B] for $8 each. I'm going to raise the price soon because I heard silver went up.". He pulls out a bucket from a locked cupboard and drops it in front of me. It's got about a hundred coins in it. He told me that he buys out estates and pulls the nice coins out to sell separately. Claimed he gets a great deal and can pass it on... and still makes a nice profit. Anything dirty, worn, or scratched, he throws in the bucket. You could read dates on all of them, but at least 80 out of the 100 were very circulated (AG/G/VG). I picked five better grade coins.... 1878-S, 1879-P, 1879-S, 1921-P, 1921-D. I know the dates aren't special. I didn't have time to look. I want to go back and try this "cherry picking"-thing out. Anyways, I paid my bill and was leaving... and he says "too bad you don't like Peace dollars. That bucket's even bigger". :eek: :eek: :eek: I got back to my hotel room and took out a couple books and my loupe. When I heard $8, I thought I could get some coins to "learn" with. I want to see what a dipped coined looks like first hand, same for a coin cleaned with acetone, and maybe a re-toned coin. The 1878-S has to be an AU. It has a black carbon paper type stain on it. Turns out to be a VAM-15 with several very strong die gouge lines through the each wing and two strong lines between the eagle legs. The 1879-P might be VF/XF; has a ding in the rim. It has some dark crud in the devices. 1879-S is very dark on the reverse. Looks like it's just toned to me. Must be XF at least. The 21 and 21-S are XF. One looks completely light/medium green on the back, the other has dark green spots (PVC?). [U]Questions[/U] Aside from the 1878-S VAM-15, do the others sound okay to experiment with? Where can I get some "dip"? I assume the instructions are on the label. Acetone? Nail polish remover? Is there a coin-quality acetone solution? Light cleaning with a cotton swap... no rubbing? I'd going back to look more carefully. In general, if a Morgan dollar is just dirty (still VF+ and no dings/scratches), is it always worth $8? I might try to post a few pictures on Saturday. I appreciate all of the help. I'll send a note to ND next week. I'd like to host one of those weekly contests. Norm[/QUOTE]
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