How bad will rim damage affect grading?

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I understand what your saying morgansdude, but my orginal question was not if you would want to own it, but how bad it would affect tpg grading. I get that you do not like rim damage, but for me, and possibly others, it's not a huge deal depending on the severity.

The outside rim is not a major focal point for me, and I thing the the 81 is an easy ms64 without the damage, but I was more interested on how many points I would really lose on the coin. The 97 is not a great coin, I get that but I'm too curious to not give it a shot. I don't think it's bad enough to be a details coin, there just small rim dings on one side, it's not like a dent or rim bump, which prevents the coin from being circular. I appreciate your input, and I hope for my sake that you are wrong about these being details coins.

 

I wish I were wrong, but none of those coins should grade. It is best to avoid damaged coins, as there is a risk of not grading (or grading way below comparable without damage). Since those are all common dates, does it not make more sense to get specimens without obvious damage? Lots of MS 64 Morgans are available for reasonable prices that don't have significant distractions. I am just trying to point out, as a long time Morgan collector, that it is best to own coins without obvious distracting features. I would not send in any of them to be graded.

 

Be that way. I proved you wrong. You just don't want to hear it.

They are not "details" coins. He's just peeved because they aren't perfect WOW coins that some arrogant Morgan specialists come to expect from these coins.

 

Yes, they may not be "collectors" coins, they are common dates, but they were obtained in a lot for a few dollars over spot value, and even with the rim dings, they retain som numistic value. And if they don't grade well, at least I learned from it, I could still probably break even.

 

They might be for other reasons since those pics aren't great, but I agree that at least two of those the rim is certainly fine for a straight grade and the third one probably is as well.

 

Obviously one could argue about significance of any damage, grade and pricing thereof the coins, and that is allowable, but cut out any personal comments on ANY side by posters, there is no need for that and based on photos is hard to prove. Thank you, Jim

 

There may be some sensitivity on the ownership of these coins. These are pretty common and none would grade 65, thus I would not submit them

 

There's no sensitivity on my end, he'll, there's no shame in these coins. As I have said before, they cost 22 bucks. I don't comprehend the logic behind the point of view that They need to be ms65 to be worth grading. The 81 has value in higher grades. Grading cost $25. If I spend 47 and they come back ms63, I'll make 10 bucks. If I sell them as is, I'll make 10 bucks. If one grades ms64, I make 50 bucks.

Even if I don't double my money, is it not worth the experience learned of sending these coins in? Why not? In my opinion it's fun, and I like the suspense. Where's the fun in just holding a raw coin, or selling it raw, for a little more than what I paid.

 

I prefer holding coins raw (a topic for another thread), especially when a coin is a common date and mint mark. I do understand why collectors with rare, high value coins would want to slab them. I don't consider 1881-o, 1884-o, or 1897-p rare enough to slab unless MS-65 or higher grade.

In my opinion none of the three, pictured coins would grade MS-65. That being said, if I were to submit a coin, I would submit the 1881-o and see what happens because of the potential upside value.

 

I like some higher-grade coin in slabs simply to protect them. I don't care what the ink on the label says.

As for selling, I slab higher-value coins because they are worthless outside of their plastic prisons.

 

Problem with that is eBay is really your major venue to sell right to a collector which you would need to to get retail. Once you factor in shipping and fees that 10 bucks is break even if not a loss.

If that experience and fun for you is worth the cost then the value and/or profit becomes irrelevant. You obviously have a clue about values and it is your money. Everyone is answering from a financial standpoint, only you can determine what entertainment value it has for yourself

 

UPDATE:

1881-s Ms 62
1884-o Ms 64
1887 Ms 62

So it looks like I have my answer. (1-2pts) for a couple minor rim dings

 

Told you they were not "details" coins. Let's see if Mr. Morgan Expert replies again (I bet not).

 

Sweet!!

 

Hey, that's pretty cool. Good luck if you decide to sell them. I might tend to want to keep them.

 

I'll likely keep the 84-o. I like the rim toning and the planchet striations, makes it unique. The other two will meet there fate on eBay, so I can buy more coins.

 

I think we can call this a win.

 

There is a near zero percent chance that they were dropped 1-2 points due to the rims. Those are just the grades based on the surfaces.