Thoughts on this low grade top 100 Morgan?

Discussion in 'Coin Chat' started by Newbee03, Jan 30, 2023.

  1. Newbee03

    Newbee03 Well-Known Member

    I was just wondering if you guys think it's legit I know it's low grade but it says it's a vam 56 long nock top 100 1878 s. And the price it's being offered at is extremely below price guide value. And it just makes me double think it. The slab number checks out. It's a g6 anacs do u think it would cross to pcgs. And is it legit ? Screenshot_20230130-191453~2.png Screenshot_20230130-191508~2.png
    tommyc03 and capthank like this.
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  3. expat

    expat Remember you are unique, just like everyone else Supporter

    Please provide clear close up images of the eye and the mintmark position. The clash marks on and in front of the eye can help determine which variety. All 1878S with a B1 reverse are considered rare and are priced accordingly, so be careful
  4. Newbee03

    Newbee03 Well-Known Member

    I wish I could to help tell if it's real those are sellers pics. I just like to be sure before buying something Ike that.
  5. johnmilton

    johnmilton Well-Known Member

    Since I am not a VAM collector, this piece looks like a cull 1878-S dollar to me. The legends are weak, and the highest parts of the design have an unattractive secondary rub. If the diagnostic features for the variety are dependent upon microscopic details, they have to be missing on this piece unless they are deep into the design.

    When I was collecting half cents by die variety, I bought a low grade example of the rarest 1805 variety which was an unattractive example like this. Eighteen examples were known at the time. Fortunately the market went up, and I was able to dump the piece for a $100 mark-up on an $1,100 purchase price.

    If you buy this for much of a premium over $28, which the current market for cull dollars, you need to make sure that it’s what you think it is. At any rate, many specialists will view this as a “hole filler.”
  6. messydesk

    messydesk Well-Known Member

    Looks legit. As for grade, the obverse is better than G6, the reverse worse. VAM 56 is one of the more common B1 reverses. Still worth a premium, but not a huge one in this grade. Not worth the expense of crossing to a PCGS holder, and VAM collectors like ANACS.
  7. Pickin and Grinin

    Pickin and Grinin Well-Known Member

    Looks good to me. MM position looks correct. The clash in front of the eye, missing tail feathers and definitely a long nock.
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