Morgan 1878S

Howdy Folks, here is the first US coin entered in my collection. I’m not used with the American grade system (within a few days I should get some books) but I’d say it’s a AU55 although the scratches on the observe and the rim nick on the reverse might have compromised the coin more than what I think. There’s still some luster and in hand the damages look less serious than in picture. Please, any suggestion is welcomed, I’ve a lot to learn! Besides, how much would such a coin cost in the US? Thanks for your help.

 

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Thanks a lot for your answer. I didn't know that a coin can even be ungradeable if damages are present (I thought that the grade would simply be lower).

 

I have to agree with GDJMSP's assessment. The bag mark on Liberty's cheek is distracting, not a lot of the breast feathers on the eagle are distinguishable. That nick on the reverse rim takes it down. I'd say $20 is a fair value.

I saw a 1921 Morgan the other day at one of my regular coin dealers that was beautifully toned from end of the roll, ANACS graded it MS-63; however, there are deep bag marks on the eagles breast, and liberty's face, and I think ANACS overgraded this coin. At best, it would be a low AU. I walked away from it and went with a PCGS MS-63 1887 Morgan instead.

 

They can be if the damages are distracting enough to the grader.

 

Im sorry,are we all looking at the same coin? this is a mint state coin easily.there is no traces of wear with luster all over the coin.although it has a mark on the cheek,that is not "damage" it knocks it down a little but this coin is easily mint state.an AU coin would have alot of missing luster from the devices.

this is an AU58 morgan,clearly there is luster missing,numerous hits.

 

Ivano, here is one of my 78-S in MS64. I paid $75 for it which was a good price considering that CDN Bid was $80 at the time. Unfortunately, my photos don't do the toning justice. It is bathed in golden honey with irridescent blue along the rim on both the obverse and reverse.

Chris

 

Sorry guy's but I'm thinking Mad is right on this one. The rim ding doesn't look bad and the cheek just has the reeding from another Morgan in the same bag.
My guess is MS-62 and I know what I'm talking about as I do alot of guess the grades lol

 

sorry,dont see it.I see full luster with only trace of breaks.not like a AU coins should exhibit.And "damage" no,bag marks are not considered damage.I have a coin just like it graded,lower than it should be but lower,not damaged.
compare PCGS AU to photo

 

O.K. your right:whistle: here is a PCGS MS64 Morgan,lets compare

 

Then I would say when it comes to morgans,maybe you should hold off on your "opinion" to others.just comparing coins to what the "professionals" say.

 

with 25k posts behind your belt,I would have thought your opinion would have been closer to the truth.I learn something new everyday.Learning to laugh at yourself is good, so you can join in when others are laughing at you.

please dont act like some posters when they dont hear what they want to hear.I am posting facts about this coin,not "opinions"

Need a TWIX???

 

This is where we part ways on this coin Mad.
Yours is opinion too just like mine and Dougs. Heck even TPG'ers it's just opinion.

I still think the coin is MS but I could be wrong for sure. That is just my OPINION

 

I think giving advice,Bad advice to someone regarding their money is no joke.you might not be able to grade a coin by a photo,but there are alot who can.You can opinion all day long when it comes to whetever you want,that is your god given right,and rights to us Americans.but remember,when you do give advice back it up.

I can say all day long this is this,you can say all day long this is that.
but in the end,if you cant show something to prove what you say,your words are dust in the wind.and people dont want to breathe that in.in time
your words will be ignored.and after that,you will cease to exist period.

so you can rant & rave all you want about your "opinion",and I find it under-classed you continue to go on & on about your "theory's" of your "opinions".when I have provided cold hard evidence.

If you cant grade a coin by photo,than you have no business giving "opinions" on coins.you may specialize on other subjects.But in this case Morgan's are not your strong area.Like I said Want a TWIX??? take a minute and think it over.Im not going to go on & on.You could have cost this guy about 30+ dollars,maybe to you thats not alot,but to some it is food,rent,electric,gas,water.

So maybe you will consider typing,and or not typing some times.
you can walk with a big stick,but if you cant swing it,then your no good for using it.

please provide some proof to your AU claim.I have more proof if you would like me to prove it.or you can forfeit at any time.

your right Duke,Im walking away from this.