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Gambling on sliders, Morgan style?
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<p>[QUOTE="ToughCOINS, post: 26054647, member: 20480"]I'll give you a great example . . .</p><p><br /></p><p>I bought a better date $20 Lib in a PCGS AU55 holder. The coin is a higher grade AU58 every day of the week, with a strong shot at mint state. Coins like this bring very strong money, as few are graded, and pleasing original examples are in very short supply.</p><p><br /></p><p>I could have cracked it and sent it in raw for an upgrade, but I felt it would almost assuredly get a gold CAC sticker. Below are the photos of the coin . . .</p><p><br /></p><p>[ATTACH=full]1657578[/ATTACH] [ATTACH=full]1657579[/ATTACH] [ATTACH=full]1657580[/ATTACH]</p><p><br /></p><p><br /></p><p>Paying full UNC money for this coin in the AU55 holder would have felt foolhardy to me, but spending full AU58 money felt justifiable. Fortunately, I felt it was affordable, and jumped. </p><p><br /></p><p><br /></p><p>Boy, am I glad I did . . . In this date it's the only coin so-stickered, all grades considered.</p><p><br /></p><p>[ATTACH=full]1657589[/ATTACH]</p><p><br /></p><p><br /></p><p>My point? Even though this is not a Morgan Dollar, it underscores the fact that while upgrades are less likely to be awarded to better date coins where large price increases will weigh on the minds of the graders, there are coins out there which justify taking the chance, but not routinely![/QUOTE]</p><p><br /></p>
[QUOTE="ToughCOINS, post: 26054647, member: 20480"]I'll give you a great example . . . I bought a better date $20 Lib in a PCGS AU55 holder. The coin is a higher grade AU58 every day of the week, with a strong shot at mint state. Coins like this bring very strong money, as few are graded, and pleasing original examples are in very short supply. I could have cracked it and sent it in raw for an upgrade, but I felt it would almost assuredly get a gold CAC sticker. Below are the photos of the coin . . . [ATTACH=full]1657578[/ATTACH] [ATTACH=full]1657579[/ATTACH] [ATTACH=full]1657580[/ATTACH] Paying full UNC money for this coin in the AU55 holder would have felt foolhardy to me, but spending full AU58 money felt justifiable. Fortunately, I felt it was affordable, and jumped. Boy, am I glad I did . . . In this date it's the only coin so-stickered, all grades considered. [ATTACH=full]1657589[/ATTACH] My point? Even though this is not a Morgan Dollar, it underscores the fact that while upgrades are less likely to be awarded to better date coins where large price increases will weigh on the minds of the graders, there are coins out there which justify taking the chance, but not routinely![/QUOTE]
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Gambling on sliders, Morgan style?
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