Whats the grade on this Morgan??

I have price guides.....

This dollar is currently up for auction on ebay. There is no stated grade. I was thinking it might hit 65?? Am I way off?

The pictures could be better. Seller has 100% feedback, and good return policy.

I was gonna try to low ball it at $95 .....if someone else can tell me it is a 65 that is.

Thanks

 

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Being it's a New Orleans Morgan, I'd say it's a high 65.
The mintmark looks to be placed VERY high, as well.
Looks like a good coin to buy.
For less than $100, I'd be on it.

 

Good Call...:thumb::thumb::thumb:

 

Judging on the pictures, I think it would market grade 65. Looks very nice.

But...........

Pictures can be deceiving !!!! It's possible to NOT see all sorts of abrasions, even downright scratches.

BEFORE BIDDING be sure to ask lots of questions, such as :

• seller's opinion of grade
• if slabbed what company and their assigned grade
• does the coin have any visible problems
• what is seller's return policy

Ask questions BEFORE YOU BID !

 

Especially scratches. Even when viewing in hand, scratches often won't show up until one rotates the coin just so in the light.

 

MS-64 or MS-65 sounds about right.

 

Why would you take the risk of buying such a coin at MS65 money based on an image? Even the best of images rarely show all of the flaws on a coin. Also, I have no idea who the seller is, but sadly, excellent feedback on Ebay does not always equate with a good seller who sells accurately graded coins.

 

Are you suggesting that we disregard any BU coin not encapsulated by a premier TGP ?
I agree there is a degree of uncertainty when dealing with eBay, but if that coin could push a 66 it would be a steal.
$95 for a shot at a $300+ coin is worthwhile, to me.
If it is a 64, you lose $35-$40.
That is the game you play.


*note*

There are contact marks to the left and above the ear and chatter around IGWT, but I still see it a 65.
It is a fine strike for a N.Orleans.

 

MS 64?.. 65? now.. this is my first attempt at grading a coin thats not in hand.. and thats not a Canadian coin..
so i didnt look at any one elses grade so ill see if im close
:thumb:

 

Well, it turns out that it is certified by ngc.....MS64. I bought it. $70.05...snuck in at the last minute.

When I get it, i'll post pics.

I made another post about another morgan a few days ago. I mentioned that I have been looking for a nice 1878 8tf in MS64, but all of the certified coins that I saw just looked crummy. Meaning the cheek was all scratched up and just generally not appealing to the eye.....so I have held off. Comparing images to the few books I have on hand, the coin that I posted above sure looks like it is in better shape than the MS64's I have seen.

I have been known to gamble. My game of choice is craps.....I took a roll of the dice with this one. If it turns out to be a 64, I overpaid slightly.....65 or higher, and I think I did ok.

I'm still open to more opinions.

Thanks guys

 

I thought it looked like it was already slabbed, by the reflection across the obv pic and the top corners of the slab in the rev pic.

Mark cheated, he probably remembers this one !


Make sure to post some pics of it, when you receive the coin pa1979.

 

Wow, I think you did pretty darn good. :thumb: That strike is very awesome for an O mint! :thumb: Might be worth a resubmition, but that's really something you can only tell in hand. Best of luck, and nice coin! :thumb:

Phoenix

 

No, I am not suggesting that. But I believe that buyers are often fighting large odds in trying to buy uncertified coins (or those graded by other than the most highly respected grading companies)based on images, while in essence betting that the coins are accurately graded.

Sure the coin might be a 66 and a good deal at $100, or whatever. But the odds of that are remote and I think it is fair to say that coins are far more likely to be over-graded by sellers than they are accurately graded or under graded. And gambling such as this on the part of buyers, against the odds, will almost certainly produce net losses over the course of time.

Regarding the coin in question, the images aren't particularly good/clear and the odds of it looking worse in hand are much better than those of it looking better - for example, there could easily be hairlines or other flaws that are not apparent in the pictures.

 

Dealers have MS64's available for approximately $50. Also, I would give the strong benefit of the doubt to the NGC graders who have seen it in hand, as opposed to anyone else who is trying to grade it from images.

 

I will definately agree that a seller would be apt to overgrade, nature of the beast.
Gambling over and over will always net a loss, dead on with that one.
You have to pick your spots.
NGC is my favorite TGP, but someone could still miss by a grade.
I still would have taken this one.
I think it will upgrade, but could be wrong with not seeing it in hand.
With the quality of the pictures, your concerns are definately warranted and I appreciate your pessimistic approach to this to calm my enthusiasm.

 

Yep. I would agree; 65. Real nice .

 

thats a good deal for $95.

 

http://www.teletrade.com/coins/lot.asp?auction=2487&lot=2322&imagetype=j2


http://www.teletrade.com/coins/lot.asp?auction=2463&lot=1934&imagetype=j2



http://www.teletrade.com/coins/lot.asp?auction=2460&lot=2187&imagetype=j2


I realize that the price reflects the lesser grade in this case. But, these coins seem to show more wear than the one I just purchased.

I'll definitely come back with pics once I have her in my hand.

Thanks

 

As uncirculated coins, none of them should have "wear" - did you mean that the others aren't as well struck?

 

I guess I dont know the proper term....what I mean as "wear" are all of the markings on the cheeks....whether they be scuffs...or rubs...I don't know....what do you call that?