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<p>[QUOTE="Vess1, post: 1207065, member: 13650"]Did you get a red book yet? I can understand your excitement to jump in the game but you'll at least want to do some reading in the red book first. There's a good read at the beginning of the book to get you up to speed a bit. Then there's mintages for all US coins as well. You'll find that none of those Morgans are rare. You could buy as many as you wanted in that shape, every day, and not make much of a dent in the population. They made 6 million of the 82-O. That's not rare. Most wouldn't even call that a low mintage. </p><p><br /></p><p> Assuming it's genuine to begin with, it looks like the 82-O could be a MS-63, maybe pass as a 64. Look at some 66's in top tier holders like NGC and PCGS. You won't see scuff marks like that in the fields or all over the cheek. It does have great luster. $50 is probably right around where it should be. Most likely a fair price for what it is.</p><p><br /></p><p> I don't think anybody takes SGS slabs seriously. You can't. The ANA set standards that many people think NGC and PCGS are struggling to keep up with themselves. SGS gives out unrealistically high, practically unachievable grades like candy. If you can ignore the label, grade the coin in the slab for what it is (or close) and pay based on that, then I wouldn't be afraid to buy them. But there isn't much point when you could pretty much buy the same coin in a top TPG slab for the same price. </p><p><br /></p><p> Sometimes there might be a SGS bargain out there just from people ignoring the SGS slab though! We've seen that happen.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 1207065, member: 13650"]Did you get a red book yet? I can understand your excitement to jump in the game but you'll at least want to do some reading in the red book first. There's a good read at the beginning of the book to get you up to speed a bit. Then there's mintages for all US coins as well. You'll find that none of those Morgans are rare. You could buy as many as you wanted in that shape, every day, and not make much of a dent in the population. They made 6 million of the 82-O. That's not rare. Most wouldn't even call that a low mintage. Assuming it's genuine to begin with, it looks like the 82-O could be a MS-63, maybe pass as a 64. Look at some 66's in top tier holders like NGC and PCGS. You won't see scuff marks like that in the fields or all over the cheek. It does have great luster. $50 is probably right around where it should be. Most likely a fair price for what it is. I don't think anybody takes SGS slabs seriously. You can't. The ANA set standards that many people think NGC and PCGS are struggling to keep up with themselves. SGS gives out unrealistically high, practically unachievable grades like candy. If you can ignore the label, grade the coin in the slab for what it is (or close) and pay based on that, then I wouldn't be afraid to buy them. But there isn't much point when you could pretty much buy the same coin in a top TPG slab for the same price. Sometimes there might be a SGS bargain out there just from people ignoring the SGS slab though! We've seen that happen.[/QUOTE]
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Newb here, am I getting screwed?
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