Post Your Morgan Dollars

First thing that caught my eye as well when I saw it was a San Fran issue.

 

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Next thing should be the eyes immediately flicking to the denticles at UN and the wheat leaf. One place or the other will show you something on every Thornhead. Fortunately, I did that this time before my heart rate got too high.

 

Definitely a fair deal and a better purchase than the raw 1921 (esp. with those gouges on the obverse). Getting a coin slabbed by a TPG (such as ANACS) alone costs $20-$30 at a minimum these days anyways. Additionally, fewer ’21-S type coins were minted than the ’21 (P), so that’s always a plus.

 

My coin came in today and the first thing I noticed is that the coin looks cleaned! Which didn't make sense because I thought the slab was supposed to include that it was cleaned along side with the coin grade.

Also one side of the slab is kind of loose and has what looks like a white streak running along it.

So... If its cleaned what value does this coin hold?

 

I would guess the coin was judged "market-acceptable" as an EF40, the irregularities being attributed to "normal" circulation exposures to the environment. It might have been a kindness, because a normal XF 1921-S (not a Thornhead) is not of sufficient value to slab. Keep in mind, although the 1921-S is not the most common of the 1921's, its' mintage still greatly exceeds that of any previous Morgan except 1889-P (and the difference there is only 31,000 coins) and it was not subject to Pittman Act melting. They're not exactly uncommon except in the highest of grades (I believe there is one single MS67 in an NGC slab).

 

That almost looks like a "buffed" obverse die. @Dave Waterstraat

 

Now that you mention it, it does look like it. I had written it off in my mind as remnants of a dip.

 

But just because they decided to overlook it being cleaned out of kindness, I'm guessing others wont. Is it safe to assume that the coin has lost %50 of its value, leaving at around $10 or $15?

 

I'm not 100% sure it's been deliberately cleaned, and let me know if you ever see a Morgan, any Morgan, for that little money again.

At this level, even if cleaned there isn't much value lost because the value is fairly basic to begin with.

 

Cool, thanks for the info. Thought I had made another newbie mistake and over payed for a coin again.

 

It is difficult to find a Morgan at or under $25 these days. I wouldn't say you got a great deal, but it's in a slab and an interesting piece for that.

 

Me too and I'm sure that's what it is. But boy does it kinda mimic a buffer. Wonder what @messydesk thinks

 

Whatever the asking price for an ANACS 1921-S EF-40 Morgan is . ANACS already slabbed it and designated a grade, so whether or not it’s been cleaned is a pretty much a moot point.

 

Way back when, as I started to collect, it was not unusual for a dealer to take a cloth and give the coin a rub to make it shine better.

 

Just looks like a run-of-the-mill, ratty, XF 21-S. I'd have to see it in hand to make further comments about it.

 

Yeah it's a common Morgan for sure. I feel most of the 1921 Morgans offer nothing really special to the series, unless they are in higher grades as I believe SuperDave said. I feel 1921 belonged to the walking liberty halfs, and peace dollars. The main thing is that you like your coin.

 

Correct, but only because of the Morgans, which utterly dominated Mint production resources that year.

 

I found this one for 18$ no tax.

 

And this one for 25