Would you have bought this 1894-S Morgan?

Discussion in 'US Coins Forum' started by larssten, May 17, 2018.

  1. larssten

    larssten Active Member

    Input on this one? Seems cleaned to me and XF at best?
    Sorry for lousy photos..

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  3. charlietig

    charlietig Well-Known Member

    Harshly cleaned in my opinion, I wouldn't have bought it because of that but that's just me.
    spirityoda likes this.
  4. larssten

    larssten Active Member

    Might get it for $100 but still very reluctant to fill up with unattractive objects..
  5. Sullysullinburg

    Sullysullinburg Well-Known Member

    Well it depends, what was the price on it?
  6. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    EVERYTHING is relative...
  7. Michael K

    Michael K Well-Known Member

    This is a good point. If it is something you need, something you want, and is "undervalued", you might want it.
    If on the other hand you plan on enjoying it for a couple of years and then reselling it, it's difficult to break even on a problem coin.
  8. -jeffB

    -jeffB Greshams LEO Supporter

    Not if you buy right.

    Having said that, I'm not sure $100 would be "buying right" for this. It's got good details, but it might be hard to find the right buyer for resale. At $50, I'd probably pounce. At $200, I'd definitely walk.
  9. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    Indeed, but one really must look at their personal big picture first to ensure they've a reasonable out when the time comes. Many collectors simply do not, even if just a regular eBay account used for coin sales, and means liquidating such material can be more difficult than buying it.
  10. kanga

    kanga 60 Year Collector

    For that coin if it's not slabbed then I won't even consider it.
  11. spirityoda

    spirityoda Coin Junky Supporter

    so harshly cleaned killing so much value . do not buy it. hold out for a better coin. down the road you will be glad you waited.
    Last edited: May 17, 2018
  12. -jeffB

    -jeffB Greshams LEO Supporter

    That's absolutely true, unless you're eager to take a loss. If it were easy to buy low and sell high, the market would adjust to make it more difficult.

    Until you've actually sold some of your stuff, if you're making buying decisions based on "I could sell this at a profit", you're deceiving yourself. You may be deceiving yourself even if you have sold some stuff in the past; good luck with one or two buyers is no guarantee of future results.
    *coins likes this.
  13. JPeace$

    JPeace$ Coinaholic

    Looks polished to me, especially in that first picture.
  14. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    Indeed, and well said.

    Now, if only we could get more folks to understand that while buying low and selling high may sound like a solid cake job, the reality is often very, very different.... ;)
  15. longshot

    longshot Enthusiast Supporter

    45 details, dipped to death.
  16. larssten

    larssten Active Member

    Thanks for all the inputs - I agree with you all!

    Of course everything is relative and price is always an issue - but I feel like I have come to the point where I am also more hesitant to jump on any good offer, especially problem coins, just for the sake of re-selling.

    The coin sold for $170 and I am glad to have let it slide by. I wait for a better opportunity for an upgrade of my current coin (F-12).
  17. SilverDollar2017

    SilverDollar2017 Did someone say Morgan Dollars?

    I would not buy this coin. It appears to have been overdipped.
  18. TheFinn

    TheFinn Well-Known Member

    I wouldn't buy the first one, but I would the second. The pictures make it look like two different coins. The second at least shows some luster.
  19. okbustchaser

    okbustchaser Just plain busted

    Would you have bought this 1894-S Morgan?

    No, but by the same token, I have not bought ANY Morgan dollar in nearly 60 years of collecting,
  20. I think what everyone is mistaking for a polishing is just poor lighting that hides the luster. I can see enough of the luster (knowing how it looks in pictures like this) to wager a 75% chance that it will be a problem-free AU.
  21. larssten

    larssten Active Member

    I know - all four photos are of same coin. After seeking the last two photos I got very hesitant to buy it...
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