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<p>[QUOTE=&quot;BUncirculated, post: 1288504, member: 29581&quot;]My wife loves playing bingo, and goes about 6 times a week to play, and has developed a friendship with this lady at the bingo hall who was a home health aide for close to 35 years. </p><p><br /></p><p>One of her clients had given her a few old coins, as she put it, and she was curious to find something out about them and my wife had mentioned that I collect coins and would ask me to look at them. </p><p><br /></p><p>So I met this woman at the bingo hall a few days ago, and she told me that one of the coins she has is an 1891CC Morgan dollar, but she had sold it to a coin shop before I could look at it. </p><p><br /></p><p>I asked her what she received for the coin and she said about $29. </p><p><br /></p><p>I nearly fell off my chair when she told me that. I explained to her that even in the lowest grade those are worth much more than the silver content because the Carson City branch of the U.S. Mint only produced about 1.6 million of them and was the rarest of the 1891s.</p><p><br /></p><p>She told me the name of the dealer she sold the coin to and by chance I knew the man and have done business with him quite a bit over the years so I offered to go back to the shop with her and discuss that coin with the dealer.</p><p><br /></p><p>When we arrived, the owner and I talked a bit, I hadn&#039;t seen him in several months, and I asked to see the 91CC this lady had sold to him. </p><p><br /></p><p>Upon inspecting the coin, I could see it was definitely an UNC Morgan, and could go as high as 65, but was most assuredly at 64. There was absolutely no trace of wear on either side, no signs of a cleaning or dipping, very well struck, sharp details, just small marks in the fields of the obverse, and hardly any wear around the devices.</p><p><br /></p><p>So I ask the guy what he thought about grade and he felt it was a good candidate for a 64, possible VAM-3, which is quite common on the 91CCs, and he was thinking of submitting it to PCGS for grading and slabbing.</p><p><br /></p><p>So I said to him, &quot;If you think it will grade 64, why did you take advantage of this lady on the buy price? You and I both know a 64 is worth more than $29 all day long.&quot;</p><p><br /></p><p>He said I was right and he should have taken the time to inform the seller about the coin, and it&#039;s possible value.&nbsp;&nbsp; </p><p><br /></p><p>So after a few minutes of the two of them negotiating, he agreed to increase what he already paid her for the coin for a total buy price of $975, which I felt was a fair deal since it wasn&#039;t already slabbed by one of the two TPGs, and they have sold for a little more than that.</p><p><br /></p><p>Long story short, not just a buyer beware market but seller, especially those not knowledgeable about numismatics, beware as well.</p><p><br /></p><p>She&#039;s bringing in the other coins she received from this client, tomorrow night for me to look at.[/QUOTE]</p><p><br /></p>

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