Rim ding on 1879cc Morgan, buy or not?
Ppp
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My goal is to have a ms set of Carson city Morgan’s. I am a few away from this goal and because of cost and availability I am may never get there. So I keep upgraded over time to get as close as possible to my goal.
I have a vf35 1879cc and this ngc au53 would be a nice upgrade.
My only issue with this coin is the rim ding at about 3 o’clock on the obverse.
If the ding wasn’t there I would buy it immediately but I am second guessing myself because would pcgs have straight graded this coin?
Just curious what people on this forum would do in this situation. Buy or not?
https://www.ngccoin.com/certlookup/6504703-004/53/
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Comments
Nice coin, I would hope MA @ PCGS, but hard to tell what may happen. There is also some rim bumps at 10:00.
Pass. You will never be happy with it. Your eyes will go straight to the problem every time you look at it.
Don’t buy it! You will always focus on the rim ding when you look at it. My rule of thumb is that if I have reservations about a coin I should pass and wait for an example I’m truly excited about. Patience is hard - but there are tons of Morgan’s out there and you will find better.
PCGS found it acceptable, and it would not bother me. That being said, it already bothers you, so best to pass - it will always bother you. Cheers, RickO
Yup K3 and K10 might be okay given the 53 grade. IMO.
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At the right price, that coin wouldn't bother me at all.
Rim bumps >> field divots
I wouldn't buy a coin that will be a problem when you want to sell it. Not a once in a lifetime opportunity coin where you have to live with what you can buy. You'll have a better opportunity.
I would pass. You have noticed the problem, and you will also go to it when you view the coin.
As others have said, some Morgan Dollars might seem scarce, but it's more a matter of high demand than shortage of available examples.
Pass, to much trouble for me, jmo
As you have already bought one that you wish to upgrade, why buy another that you already have reservations about and that you also plan to upgrade to MS. You will not be happy with this purchase. JMO
Jim
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Thank you everyone for your comments. Obtaining unbiased opinions is one of things I like about this forum.
I was leaning toward not to buy however someone might have suggested a compelling reason to buy it that I cannot see.
I decided not to buy.
Wise choice.
"When they can't find anything wrong with you, they create it!"
I don’t find the marks all that distracting, but like others have said and they are correct, if it’s bothering you, then wait, there are better examples out there.
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You will always see the rim bump. There are plenty of 1879-CC $1 out there. Wait for one that you will like.
Hard pass
The coin is a solid AU53, even with the mind rim bumps. I have no problem with those bumps, but even if they were not there, the coin is not strong enough for AU55.
It's good that you decided against it. Your eye will always be drawn to the "issue" and you'll never be able to unsee it.
FWIW... my eye was drawn more to the hit on the bridge of Liberty's nose. For me, that's a prime focal area...
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Good to hear you made a wise and money saving decision.
I made the mistake years ago, settling for an NGC 1889-CC AU50. Once I got it, then it was like, how do I get rid of it for an MS grade without losing money. I'm usually in the mind set, "one time buy" meaning spending more the first time around so you don't have to redo it again in the future. Drives my wife crazy! Lol.
From the time of buying that AU50, above, to landing this 1889-CC MS-62 (CAC) was 7 years. Just never ran across one that jumped out at me until this one.
Good luck hunting those CC's! They are out there!
They are much better in hand than the TVs.
USAF (Ret.) 1985 - 2005. E-4B Aircraft Maintenance Crew Chief and Contracting Officer.
My current Registry sets:
✓ Everyman Mint State Carson City Morgan Dollars (1878 – 1893)
✓ Everyman Mint State Lincoln Cents (1909 – 1958)
✓ Morgan Dollar GSA Hoard (1878 – 1891)
I would be more concerned about the lack of a sticker.