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Help grading/appraising a 1897-O morgan dollar
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<p>[QUOTE="BooksB4Coins, post: 1819979, member: 36230"]What a coin is “worth” and what one may be able to sell it for is not always the same thing, especially on ebay. The same is true if you had asked only what the “market value” was. Again, ebay is full of buyers, who do not know what they’re doing and have little to no understanding of real world “values”, so it is very common for such people to overpay for coins that could be has elsewhere for less.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>If you’re truly learned a lot here, you would not make such a blanket statement. Very few, if any, here will say that “<i>every damaged coin</i>” is worth melt for the simple fact that we know this is not true. There are many, many cleaned and/or damaged coins worth anywhere from a small premium to thousands of times their melt value, but this in no way means all are. The fact is that while your coin was a better date in high grades, it would not have been worth that much even if it had not been cleaned or damaged. Even though you spoke of supposed “GREAT details” in the listing, the coin was in the lower VF range at best; add the problems and what you have is junk material regardless of if someone out there may have been willing to pay.</p><p><br /></p><p>If anything does newcomers a disservice it is generalizations such as the above. One of the best things new collectors can do is to learn not to bury themselves on coins that leave them little chance of ever digging their way out. Understanding a fair and reasonable value, on ebay or off, is just behind grading/problem identification and a close second in importance. This was meant as a general statement, and not a direct response about your coin.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Did I really question your morals, or perhaps you just happened to miss this (below)? Liking or not liking "imperfect coins" has absolutely nothing to do with it. Please allow me to quote myself:</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Did I, or could it be that you’re taking something I said, and for whatever reason, placing it in a different context and twisting it around? Again, please allow me to quote myself:</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>No one, myself included, has or is disputing the fact that they could resell, but now that you've told us it was part of a lot that, after fees and shipping, it appears you received very close to spot. Most of us have said the coin from the OP is melt material, and the other 12 surely are, so in the end there seems little reason for you to dispute what has been said.</p><p><br /></p><p>As for being an “honest modest dealer”, these are your words and not mine, but there is more to being a “dealer” than simply selling a few coins, which just happened to be one of the points I was hoping to make.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>No one has said nor even implied that there is anything wrong with buying for one price and selling higher, so I again am unsure of your point. With all due respect, and while very noble indeed, helping your wife has nothing to do with a discussion on problem value, real world vs. ebay prices, and at one time, cash4gold buyers.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>With all due respect again, sir, I could not care less about what you do. This, or so I thought, was a discussion on different topic that it seems to be turning into. You asked a question and for good reason, received many answers that were all on the same lines. You admit that you're not familiar with this type, so why not at least consider what a few here have been trying to tell you instead of dismissing it?[/QUOTE]</p><p><br /></p>
[QUOTE="BooksB4Coins, post: 1819979, member: 36230"]What a coin is “worth” and what one may be able to sell it for is not always the same thing, especially on ebay. The same is true if you had asked only what the “market value” was. Again, ebay is full of buyers, who do not know what they’re doing and have little to no understanding of real world “values”, so it is very common for such people to overpay for coins that could be has elsewhere for less. If you’re truly learned a lot here, you would not make such a blanket statement. Very few, if any, here will say that “[I]every damaged coin[/I]” is worth melt for the simple fact that we know this is not true. There are many, many cleaned and/or damaged coins worth anywhere from a small premium to thousands of times their melt value, but this in no way means all are. The fact is that while your coin was a better date in high grades, it would not have been worth that much even if it had not been cleaned or damaged. Even though you spoke of supposed “GREAT details” in the listing, the coin was in the lower VF range at best; add the problems and what you have is junk material regardless of if someone out there may have been willing to pay. If anything does newcomers a disservice it is generalizations such as the above. One of the best things new collectors can do is to learn not to bury themselves on coins that leave them little chance of ever digging their way out. Understanding a fair and reasonable value, on ebay or off, is just behind grading/problem identification and a close second in importance. This was meant as a general statement, and not a direct response about your coin. Did I really question your morals, or perhaps you just happened to miss this (below)? Liking or not liking "imperfect coins" has absolutely nothing to do with it. Please allow me to quote myself: Did I, or could it be that you’re taking something I said, and for whatever reason, placing it in a different context and twisting it around? Again, please allow me to quote myself: No one, myself included, has or is disputing the fact that they could resell, but now that you've told us it was part of a lot that, after fees and shipping, it appears you received very close to spot. Most of us have said the coin from the OP is melt material, and the other 12 surely are, so in the end there seems little reason for you to dispute what has been said. As for being an “honest modest dealer”, these are your words and not mine, but there is more to being a “dealer” than simply selling a few coins, which just happened to be one of the points I was hoping to make. No one has said nor even implied that there is anything wrong with buying for one price and selling higher, so I again am unsure of your point. With all due respect, and while very noble indeed, helping your wife has nothing to do with a discussion on problem value, real world vs. ebay prices, and at one time, cash4gold buyers. With all due respect again, sir, I could not care less about what you do. This, or so I thought, was a discussion on different topic that it seems to be turning into. You asked a question and for good reason, received many answers that were all on the same lines. You admit that you're not familiar with this type, so why not at least consider what a few here have been trying to tell you instead of dismissing it?[/QUOTE]
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Help grading/appraising a 1897-O morgan dollar
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