GTG: 1882s Morgan

From that second photo set, I can see it as a 68.

 

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With that backstory, I betcha my guess of 67 is too low.

 

I would guess but I already know the answer. What’s the asking price at the moment on HA?

 

Not on Heritage now. It was pulled, as far as I know. For sale elsewhere. Let’s see if anyone else wants to guess, and I will reveal all.

 

Ok, so here is the listing from David Lawrence Coins. It is one of the top 11 Morgans ever graded. It has a PCGS pop of 11/0. Only 10 other Morgans Of different dates have ever graded higher—through PCGS. NGC has none higher. So, here is the listing. I have seen it, and it is a total luster bomb—it literally erupts in one’s hand. Anyone have $35,500/ OBO to blow? So, here is the listing:

 

I'll pass

 

Too rich for my blood. I am happy with my 66+ CAC of that date. Paid $400 a few years ago.

 

What Brad said was in my head.

 

Just takes the right person to buy it as a 68+ and send it over to Legend. Get it in a 69 slab, throw on a sticker, a fluffed description, and boom $150k.

 

At a 68+ is a CAC sticker even necessary? Who thinks, well, no CAC on this 68+? I'll pass.

 

Well, PCGS price guide is $32,000. Maybe It adds $5500? lol

 

My thinking, exactly. The guesses of 67 prove that there is not that much difference in attractiveness, or actual look of the coin. I own 66, 66+, and 67 Morgans that make me as happy as I would be, owning the 68+ monster. The value point in gem grade clearly is 67, and given Morgan prices in general, all the more logical. One buys a coin like the 68+ for one reason—exclusivity.

 

To my knowledge CAC doesn’t evaluate the + when giving their opinion. It’s just of the grade 68.

The plus is PCGS saying in their opinion it is on the higher end of the spectrum for 68.

The CAC is them saying in their opinion it is on the higher end of the spectrum for 68.

A + that doesn’t receive a CAC would indicate that they don’t agree with PCGS thinking it’s on the high end of the grade.

This coin just solidifies that both parties agree it’s a high end 68.

 

Fixed it for you.

 

Coin envy?

 

At that grade level, CAC plays a big role. Many buyers at that level want to make sure that a second source confirms it as an A or B 68 and not a bumped up 66/67. I often don’t see a need for CAC at the lower grade levels (pretty much 66 or below for many Morgans), but when we’re dealing with $30k+, a second opinion is nice to have.

 

If I had a disposable income I'd buy the top coins money could by and show them off here since I have no friends in person. Lol

 

Or, send it to NGC, with an “upgrade only” submission. See if they will make it the first 69 Morgan they’ve ever graded of that date, and get the * for eye appeal. Talk about bragging rights!

 

No offense to the coin, but I don't see 68+. Compare this to a 68 ASE or any other similar coin. This one has blemishes right on the face, whereas most 68s, (let alone 68+), you have to look around for the defect in non-prime areas.

Luster is great, but at the end it is defects on the coin, with extra points deducted for PFA marks. If I grade this as a modern, it's a 67. Anything else is a markup for being a Morgan.

Heck of a Morgan, very pretty, just disagree on the numerical grade a little. I could see 67+ due to luster.

 

I agree with you. I think it is definitely a 68 (having seen it), but honestly, looking at a 67 or 67+ side by side with this coin, there is very little difference. The one thing I would respectfully disagree with is that Morgans tend to have minor marks due to storage. The cheek on this coin is much cleaner than the pictures portray. It is beautiful. I do agree that there is not that much difference between this coin, and 67 Morgans I own, and have owned, so as to justify a $30,000 Price difference. It is more of a curiosity piece than anything else. Would I buy it, knowing that I am spending $35 large on an extremely common date coin? Not a chance.