Should it be graded, or left alone?

Discussion in 'US Coins Forum' started by expat, Jul 11, 2020.

  1. expat

    expat Remember you are unique, just like everyone else

    After dinner last night at Spanish friends house (coin collector), we had agreed to look at a selection of the coins we have, so I took a small selection with me.
    When he saw my 1883cc Morgan he said I should have it graded.
    It is an attributed EDS Vam5 in it's original GSA packaging including the issue certificate.
    What do you think it would grade at? I know she is a bit baggy on the face etc.
    My problem is by having it slabbed you lose some of the history of the circumstances that made these coins available. I know the original packaging etc can be saved. but it just won't feel the same to me.
    20200711_013425 (2).jpg 20200711_013450 (2).jpg DSC00164.jpg DSC00165.jpg
     
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  3. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    @expat

    Both NGC and PCGS will grade the coin, and it stays in the original GSA case. NGC simply uses a tamper-resistant label that is wrapped around the entire case while PCGS puts the GSA case inside a larger PCGS slab which, in my opinion, doesn't look very good. In both instances, you just submit the slab without the presentation case and COA. ~ Chris
     
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  4. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    I forgot to mention.....If you opt for NGC, you can put the slab back in the original presentation case when you get it back. You can't do that with the PCGS slab. ~ Chris
     
    expat likes this.
  5. TypeCoin971793

    TypeCoin971793 Just a random nobody who doesn’t know anything...

    Super common date in a super common grade.you won’t gain anything by sending it in. If you are desperate to send it in, go with NGC
     
  6. johnmilton

    johnmilton Well-Known Member

    If you have it graded, you are going to get an MS-62 or a 63. Using Grey Sheet prices, an MS-62 is worth $197. An MS-63 is worth $198. There is zero upside to getting it graded.

    Its collector value lies in the fact that it is in a GSA holder with the box and certificate. A lot of collectors like that.
     
    Last edited: Jul 11, 2020
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  7. toned_morgan

    toned_morgan Toning Lover

    Grey sheet is BS imo. I usually just look at eBay. A quick check on eBay will show that most MS62/63 1883 CC Morgans in the GSA box are at least $230.
     
  8. expat

    expat Remember you are unique, just like everyone else

    Thanks Chris, I didn't know you keep it original and it is not re-slabbed

    I have no intention to have it graded. I was more interested in if you have to seperate it from it's packaging.
    If a time ever came that i was forced to sell it, I don't think what it is in would make much of a difference
     
  9. johnmilton

    johnmilton Well-Known Member

    Yes, if you want to pay retail. Maybe things have changed, but when I was going to the shows, you could buy these coins for less than retail. Of course when you sold them, you got about 10% less than Grey Sheet. If you pay $230 +, you will still get less than Grey Sheet.

    Given the selling fees that eBay charges, I suppose a dealer has to get $230 to make any money.
     
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  10. fretboard

    fretboard Defender of Old Coinage!

    Nice but no reason to grade it at all.
     
  11. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    I always used Grey Sheet "Bid" when I bought my Morgans, and when I finally sold all of them, about 165 certified, I made a nice profit using a 99c "Open" with no reserve. Yes, use eBay! They always pay too much. ~ Chris;)
     
  12. toned_morgan

    toned_morgan Toning Lover

    Yeah it goes both ways! You pay more, but you also sell for more
     
  13. Sidney Osborne

    Sidney Osborne Active Member

    Worth the cost to have her complexion touched up, restored?...since you plan to keep it for a while...
     
  14. Mountain Man

    Mountain Man Well-Known Member

    I am certainly not a Morgan person and have little experience with them, and I know that GSA supposedly got these from storage and put them in presentation kits to sell, but my first "gut" impression is that something is off on this coin. Any experts out there that can verify it is real? Just an observation.
     
  15. expat

    expat Remember you are unique, just like everyone else

    Interesting observation, certainly peaks my interest as two well regarded collectors on Vamworld Vammed it for me and had no concerns of it not being genuine
     
  16. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    That sounds like sour grapes to me. ~ Chris
     
  17. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    If I recall correctly, the GSA sold the CC's in the 70's.

    It looks okay to me! ~ Chris
     
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  18. serdogthehound

    serdogthehound Active Member

    I agree if you grade go NGC , I also agree that a big part of some of these coins is the original packaging
     
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  19. Nathan401

    Nathan401 Quis custodiet ipsos custodes? Supporter

    My vote is leave her alone, she’s great as-is.
     
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  20. Mountain Man

    Mountain Man Well-Known Member

    Good. Glad to know. Like I said, it was just my first gut reaction.
     
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  21. Conder101

    Conder101 Numismatist

    When I see or hear a comment like that my first thought is always "Why?" I mean you have already bought and paid for it, you own it. So now why run out and give some company $40 for something you already own and have no intention of getting rid of?
     
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