Need some advice ASAP. My dad is letting me have one of his Morgans. Which to take?

Your assessment is NOT accurate. Look at the cheek of the 1884o--there are numerous marks and nicks. Also look at the fields on the reverse--lots of bag marks. I'd say that it is probably a 63, and so is the 1884 CC--both are fairly baggy. There are NO 66's in those pictures--not even close.

 

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First off, I would never argue with someone named the "MorganDude"...percentages not in my favor. However, I have to say that (imo) TPGs overgrade Morgans.

Here's a picture of an NGC graded (GSA) MS65 1885-cc VAM-2. I think it looks much worse than the Op's 1884-o (as near as I can tell from his pics)...

 

My advice would be to happily accept the CC coin because it will be easy to sell when you are ready to do so.

A bit off topic. My late father bought my collection when I was a teenager since I was desperate to buy a stereo system so I could blast Aerosmith and Led Zep all over the house.

When I was in my early 40s, he visited me and gave me back my former collection. That is something I'll never forget. I didn't resume the hobby right away and he died a few years later. I've sold much of that collection now, but still retain a GSA CC Morgan that always reminds me of him. He bought the GSA, along with yearly proof and mint sets, during my youth. As an adult, I found the proof/mint sets boring and sold them to fund better pieces. I know that he would have had no qualms with me doing so and would be happy that I had returned to the hobby.

 

CC
Awesome that you and your dad are working together. My dad and I used to go to the flea market coin sellers decades ago and shop for coins. That was awesome. When he passed, he left me his collection, mostly junk silver, and he knew that I'd be flipping them into key-dates some day. Sure, there are piecies I'll never get rid of (my grandfathers WW1 collection) - I'm mearly the temporary custodian. But he left me all the others to do exactly what you're doing - pursue my hobby. I forgot about the collection for over two decades since he passed, and now collect with my son. Happy collecting!

 

It sounds like we were both truly lucky and blessed to have fathers who where kind enough to help us in our endeavors and wise enough to realize that we may someday regret our decisions so they helped us by holding on to the things we would eventually come back to...

 

Wonderful comments! Thank you for helping me explain my overall goal, and I hope you and your son enjoy this wonderful hobby and the time spent together.

 

Well since it's from your dad I would pick the one that you like the most, not just the most valuable one. Your father would probably be disappointed if you sold a coin he gives you, but do whatever you wish. Personally, I would take the peace because I don't like morgans at all

 

This is my 85-CC in a PCGS MS65 VAM-4.

"Will the real MS65 please stand up!"

 

the CC by far i just picked up a 1884 cc last night not even close to the contidion that one is in. So jelous right now lol!

 

I still say...PCGS or NGC would never certify a Washington quarter or Franklin half @MS65 with as many bag marks in prime focal areas as they do Morgan dollars. It just seems (to me) that Morgan dollars are graded by different (looser) standards than other coins.

 

I don't think you'd find 600 million Washington's or 300 million Franklin's that were stored in vaults in $1000 Mint bags for 60-80 years either.

Chris

 

Unlike advice from most hollywood heros and all politicians these days, lying is never the proper thing to do. To build a collection WITH your dad is the key. If it is a gift intended to be a keepsake or if your dad is no longer around, then I would go with option 1 and build around that. If he is teaching you the difference between value and condition, then the CC is the best value and you can build around that WITH YOUR FATHER.

 

Well...yeah...but does that mean the TPGs should adjust their grading standards to match the population?

I don't know...maybe so. Just seems odd.

 

The CC appears to have a smooth edge

 

I just finished reading this thread and it's interesting. I just found it funny that someone named Yakpoo (not to take away from his/her knowledge of numismatics) is debating a guy named Morgandude. It just seems funny to me. LOL and have a great day everyone!

 

I would say it's more of an exchange of observations than a debate. I often change my opinion (learn) when presented with the cogent analysis of an expert. When not, I simply Yak-Poo.

 

Well this thread sure became more than I had hoped for. I would like to thank everyone for teaching me a valuable lesson on the importance of individual decision making.

 

This has left me laughing out loud! You guys are great!