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Cherry Picks at My Local Coin Shop

OwnerofawheatiehordeOwnerofawheatiehorde Posts: 1,446 ✭✭✭✭✭
edited January 4, 2024 1:58PM in U.S. Coin Forum

Went to a local coin shop today, and got my very first expensive cherry-pick! Here’s what I got; 1856 labeled as VF and bought for $70, it has some luster too. 1878 Morgan labeled as MS-60 and I got it for $90 1945 mercury for my type set, got it for $10. And finally, the best one is this 1840 O ND half dime labeled as a 1840 P, got it for $35, but worth $175 according to the PCGS price guide!🥳

Please let me know what you think, and have a shot at the grades if you wish. :)

Type collector, mainly into Seated. Young Numismatist. Good BST transactions with: mirabela, OKCC, MICHAELDIXON

Comments

  • dhikewhitneydhikewhitney Posts: 355 ✭✭✭

    I like the 1840-0 for $35; I suspect the 3 cent silver and Morgan dollar may not grade at PCGS, not that it is necessary to grade them so the prices seem reasonable (no real upside there, but seems a good value if that is what you wanted).
    The Mercury dime seems fully/fairly priced. I think you did well, especially with the half dime and obviously you had fun.

  • Morgan13Morgan13 Posts: 719 ✭✭✭✭✭

    Neat group of coins.
    From the images I can see a little frost on the devices.
    You should be happy with them.
    Sounds like your LCS wants to treat you fairly so you keep coming back.

    Student of numismatics and collector of Morgan dollars

  • OwnerofawheatiehordeOwnerofawheatiehorde Posts: 1,446 ✭✭✭✭✭

    @Morgan13 said:
    Neat group of coins.
    From the images I can see a little frost on the devices.
    You should be happy with them.
    Sounds like your LCS wants to treat you fairly so you keep coming back.

    Yes, the Morgan looks semi-proof like.

    Type collector, mainly into Seated. Young Numismatist. Good BST transactions with: mirabela, OKCC, MICHAELDIXON

  • PerryHallPerryHall Posts: 45,193 ✭✭✭✭✭

    Nice pick-ups. You may want to soak the 3 cent silver in acetone to get some of that black crud off.

    Worry is the interest you pay on a debt you may not owe.

  • yosclimberyosclimber Posts: 4,543 ✭✭✭✭✭
    edited January 4, 2024 2:36PM

    ... And finally, the best one is this 1840 O ND half dime labeled as a 1840 P, got it for $35, but worth $175 according to the PCGS price guide!🥳

    In my view, the PCGS Price Guide is not accurate for this coin,
    because they have the 1840-O ND and 1840-O drapery priced the same.
    On ebay I see these selling in G-4 raw for $37 - $80.
    So you still did fine.
    Just not a big potential profit in my view.

  • erwindocerwindoc Posts: 4,894 ✭✭✭✭✭

    3CS looks XF+/Low AU to me. Nice pick up there. Not sure on the values though.

  • dhikewhitneydhikewhitney Posts: 355 ✭✭✭

    @yosclimber said:

    ... And finally, the best one is this 1840 O ND half dime labeled as a 1840 P, got it for $35, but worth $175 according to the PCGS price guide!🥳

    In my view, the PCGS Price Guide is not accurate for this coin,
    because they have the 1840-O ND and 1840-O drapery priced the same.
    On ebay I see these selling in G-4 raw for $37 - $80.
    So you still did fine.
    Just not a big potential profit in my view.

    Oh, you are correct. Numismedia FMV shows it at $23 for G-4.
    I need to remember to check Numismedia FMV unless the coin is in a PCGS or NGC problem free holder.

  • AUandAGAUandAG Posts: 24,485 ✭✭✭✭✭

    Good start to the year! Hope the rest of it gets better!!
    The Morgan may not grade but 60 was appropriate. Scratch behind Miss Liberty may stop the grading.
    bob :)
    vegas, baby!

    Registry: CC lowballs (boblindstrom), [email protected]
  • ajaanajaan Posts: 17,029 ✭✭✭✭✭

    GDK Coins?


    DPOTD-3
    'Emancipate yourselves from mental slavery'

    CU #3245 B.N.A. #428


    Don
  • OAKSTAROAKSTAR Posts: 5,454 ✭✭✭✭✭

    👍 👍

    Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )

  • OwnerofawheatiehordeOwnerofawheatiehorde Posts: 1,446 ✭✭✭✭✭

    @ajaan said:
    GDK Coins?

    Yes. ;) i liked them very much.

    Type collector, mainly into Seated. Young Numismatist. Good BST transactions with: mirabela, OKCC, MICHAELDIXON

  • OwnerofawheatiehordeOwnerofawheatiehorde Posts: 1,446 ✭✭✭✭✭

    @yosclimber said:

    ... And finally, the best one is this 1840 O ND half dime labeled as a 1840 P, got it for $35, but worth $175 according to the PCGS price guide!🥳

    In my view, the PCGS Price Guide is not accurate for this coin,
    because they have the 1840-O ND and 1840-O drapery priced the same.
    On ebay I see these selling in G-4 raw for $37 - $80.
    So you still did fine.
    Just not a big potential profit in my view.

    @yosclimber said:

    ... And finally, the best one is this 1840 O ND half dime labeled as a 1840 P, got it for $35, but worth $175 according to the PCGS price guide!🥳

    In my view, the PCGS Price Guide is not accurate for this coin,
    because they have the 1840-O ND and 1840-O drapery priced the same.
    On ebay I see these selling in G-4 raw for $37 - $80.
    So you still did fine.
    Just not a big potential profit in my view.

    I checked some prices, and I agree with you. I think it was still a good find though.

    Type collector, mainly into Seated. Young Numismatist. Good BST transactions with: mirabela, OKCC, MICHAELDIXON

  • Cougar1978Cougar1978 Posts: 7,443 ✭✭✭✭✭
    edited January 4, 2024 5:45PM

    Well let us know how they turn out if you send any of them in. MV - your cost - grading costs = how well you did. Don’t like the 3c with the dark streak across. I am sure he was glad to move them - possibly material he got from an estate at x then flip at y. With raw material one wants quick turnover. In reality the proof in the pudding is how quick one can move them off the bourse with positive result.

    So Cali Area - Coins & Currency
  • jdimmickjdimmick Posts: 9,577 ✭✭✭✭✭

    Morgan is about an unc 60

    the three cent silver is an xf-45 maybe 50

  • Cougar1978Cougar1978 Posts: 7,443 ✭✭✭✭✭
    edited January 4, 2024 5:43PM

    The 1878$ / MS60 or MS61. 62? Low odds - Really scuffy face multiple marks.

    So Cali Area - Coins & Currency
  • OwnerofawheatiehordeOwnerofawheatiehorde Posts: 1,446 ✭✭✭✭✭

    @Cougar1978 said:
    Well let me know how they turn out if you send any of them in. MV - your cost - grading costs = how well you did. Don’t like the 3c with the dark streak across. I am sure he was glad to move them - possibly material he got from an estate at x then flip at y. With raw material one wants quick turnover. In reality the proof in the pudding is how quick one can move them off the bourse with positive result.

    I will be sending in the three cent, as it looks to be mid/high AU and it has a lot of luster.

    At the shop, the owner had most of the inventory out front, but when I asked if he had any seated coins, he brought back a box labeled "Type Set" In there was both the half dime and the three cent, so you might be right.

    Type collector, mainly into Seated. Young Numismatist. Good BST transactions with: mirabela, OKCC, MICHAELDIXON

  • mirabelamirabela Posts: 4,938 ✭✭✭✭✭

    Hard to imagine finding a more appealing example of the 3cs for the money; I'd say you did well there.

    mirabela
  • jesbrokenjesbroken Posts: 9,024 ✭✭✭✭✭

    I certainly think you did ok. No great party time, but you did well and I agree the dealer was being fair.
    Always check ebay sold for any coin interested in. Match and see what they are actually selling for.
    Jim


    When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln

    Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
  • dcarrdcarr Posts: 7,885 ✭✭✭✭✭

    AU53 on the 1856 3-cent silver.

  • Namvet69Namvet69 Posts: 8,590 ✭✭✭✭✭

    Very nice finds. I agree that it's fun to drop in to a b& m coin shop and ask to see what's not on display. Ya nevah know! Peace Roy

    BST: endeavor1967, synchr, kliao, Outhaul, Donttellthewife, U1Chicago, ajaan, mCarney1173, SurfinHi, MWallace, Sandman70gt, mustanggt, Pittstate03, Lazybones, Walkerguy21D, coinandcurrency242 , thebigeng, Collectorcoins, JimTyler, USMarine6, Elkevvo, Coll3ctor, Yorkshireman, CUKevin, ranshdow, CoinHunter4, bennybravo, Centsearcher, braddick, Windycity, ZoidMeister, mirabela, JJM, RichURich, Bullsitter, jmski52

  • lsicalsica Posts: 1,552 ✭✭✭

    Great cherry picks....but when a supposedly professional coin dealer undergrades and misattributes (against their own benefits) so obviously it just makes me a bit suspicious. You did good this time, but I'd be sure to bring my good loupe with me next time I go there if it was me. But maybe I'm just paranoid

    Philately will get you nowhere....
  • ajaanajaan Posts: 17,029 ✭✭✭✭✭

    @Ownerofawheatiehorde said:

    @ajaan said:
    GDK Coins?

    Yes. ;) i liked them very much.

    Pete is a good guy.


    DPOTD-3
    'Emancipate yourselves from mental slavery'

    CU #3245 B.N.A. #428


    Don
  • telephoto1telephoto1 Posts: 4,703 ✭✭✭✭✭

    Not to be a Debbie Downer here but I don't think I'd call all of these "cherrypicks". The half dime has significant obverse scratches and the 3c looks like a previously dark coin that has been unprofessionally dipped leaving crud in the details. The Morgan looks ok assuming that mark in the right obverse field is on the flip and not the coin, but at $90 the only way you make money is if it goes PL. The Merc is a no brainer at $10 and looks nice from what I can see. How is the reverse?


    RIP Mom- 1932-2012
  • OwnerofawheatiehordeOwnerofawheatiehorde Posts: 1,446 ✭✭✭✭✭

    @telephoto1 said:
    Not to be a Debbie Downer here but I don't think I'd call all of these "cherrypicks". The half dime has significant obverse scratches and the 3c looks like a previously dark coin that has been unprofessionally dipped leaving crud in the details. The Morgan looks ok assuming that mark in the right obverse field is on the flip and not the coin, but at $90 the only way you make money is if it goes PL. The Merc is a no brainer at $10 and looks nice from what I can see. How is the reverse?

    The mercury is pretty much the same on both sides, and I agree it was good for $10. The Trime looks very bad in the pics, but in-person it’s quite a bit better. I’ll have to inspect it in person again to see if it has any problems I missed. I’ll also dip some cheap AU coins and compare then to mine.

    Type collector, mainly into Seated. Young Numismatist. Good BST transactions with: mirabela, OKCC, MICHAELDIXON

  • Morgan13Morgan13 Posts: 719 ✭✭✭✭✭

    I really like that 3C piece. I'm going to be buying one of them for myself. Very interesting design and time period.

    Student of numismatics and collector of Morgan dollars

  • dcarrdcarr Posts: 7,885 ✭✭✭✭✭

    @telephoto1 said:
    Not to be a Debbie Downer here but I don't think I'd call all of these "cherrypicks". The half dime has significant obverse scratches and the 3c looks like a previously dark coin that has been unprofessionally dipped leaving crud in the details. The Morgan looks ok assuming that mark in the right obverse field is on the flip and not the coin, but at $90 the only way you make money is if it goes PL. The Merc is a no brainer at $10 and looks nice from what I can see. How is the reverse?

    I don't think the 1856 3-cent has been "dipped" or cleaned.
    It looks like that because it hasn't been cleaned, although it is probably a good candidate to be "dipped" properly which would improve the appearance. The one issue I might be concerned with is if it is bent. It looks like probably a $150 coin to me.

    The 1878 Morgan looks cleaned but not hairlined. It was probably subjected to a very light polishing, possibly with baking soda and water or toothpaste.

  • coinkatcoinkat Posts: 22,665 ✭✭✭✭✭
    edited January 5, 2024 2:15PM

    I think these coins are perfect for a Dansco 7070 or a Whitman Type coin album or Library of Coins... your choice.

    And I opine and write this out of what coin collecting once was in contrast to what it has become. And it collecting can be fun at many levels and we should not loose site of that. I like the 3 center and I would leave it as it as- what a wonderful coin that captures so much.

    Experience the World through Numismatics...it's more than you can imagine.

  • OwnerofawheatiehordeOwnerofawheatiehorde Posts: 1,446 ✭✭✭✭✭

    I’m seeing a trend of the Morgan being polished, why do you guys think that?

    Type collector, mainly into Seated. Young Numismatist. Good BST transactions with: mirabela, OKCC, MICHAELDIXON

  • OwnerofawheatiehordeOwnerofawheatiehorde Posts: 1,446 ✭✭✭✭✭

    @AUandAG said:
    Good start to the year! Hope the rest of it gets better!!
    The Morgan may not grade but 60 was appropriate. Scratch behind Miss Liberty may stop the grading.
    bob :)
    vegas, baby!

    That scratch is on the holder.

    Type collector, mainly into Seated. Young Numismatist. Good BST transactions with: mirabela, OKCC, MICHAELDIXON

  • OwnerofawheatiehordeOwnerofawheatiehorde Posts: 1,446 ✭✭✭✭✭

    Unfortunately, the three cent has a little crater between the A and the T. :(

    Type collector, mainly into Seated. Young Numismatist. Good BST transactions with: mirabela, OKCC, MICHAELDIXON

  • cheezhedcheezhed Posts: 5,662 ✭✭✭✭✭

    Fun group. Enjoy your coins!

    Many happy BST transactions
  • telephoto1telephoto1 Posts: 4,703 ✭✭✭✭✭

    @dcarr said:

    @telephoto1 said:
    Not to be a Debbie Downer here but I don't think I'd call all of these "cherrypicks". The half dime has significant obverse scratches and the 3c looks like a previously dark coin that has been unprofessionally dipped leaving crud in the details. The Morgan looks ok assuming that mark in the right obverse field is on the flip and not the coin, but at $90 the only way you make money is if it goes PL. The Merc is a no brainer at $10 and looks nice from what I can see. How is the reverse?

    I don't think the 1856 3-cent has been "dipped" or cleaned.
    It looks like that because it hasn't been cleaned, although it is probably a good candidate to be "dipped" properly which would improve the appearance. The one issue I might be concerned with is if it is bent. It looks like probably a $150 coin to me.

    The 1878 Morgan looks cleaned but not hairlined. It was probably subjected to a very light polishing, possibly with baking soda and water or toothpaste.

    Disagree on the 3c. It has the look of a coin with previous dark toning overall that was hastily dipped without any attention to detail/crevice work, perhaps being abandoned after revealing the apparent carbon streak at center. I do agree that it would look somewhat better with a more professional treatment but imo will still have a somewhat washed out look. The Morgan's been likely dipped at some point but it shows no signs of baking soda or toothpaste cleaning...both methods would hairline the coin's reflective surface to at least some degree. Of course these opinions are obviously based strictly on the images provided; an in-hand opinion might differ slightly.


    RIP Mom- 1932-2012
  • jmlanzafjmlanzaf Posts: 31,287 ✭✭✭✭✭

    @erwindoc said:
    3CS looks XF+/Low AU to me. Nice pick up there. Not sure on the values though.

    It looks damaged to me. I'd like more pictures.

  • jmlanzafjmlanzaf Posts: 31,287 ✭✭✭✭✭

    I don't think any of those could be called cherry picks. Respectfully, they seem appropriately priced and probably appropriately net graded. The 3 CS looks damaged and may have been amateur dipped. The Morgan looks okay but whether it's an MS60 or 62, it's still only $100 coin. The other 2 coins are fine but also appropriately priced.

  • OwnerofawheatiehordeOwnerofawheatiehorde Posts: 1,446 ✭✭✭✭✭

    @jmlanzaf said:

    @erwindoc said:
    3CS looks XF+/Low AU to me. Nice pick up there. Not sure on the values though.

    It looks damaged to me. I'd like more pictures.

    It has a small dent between the A and the T, but no bending present. Here are some more pics.

    Type collector, mainly into Seated. Young Numismatist. Good BST transactions with: mirabela, OKCC, MICHAELDIXON

  • OwnerofawheatiehordeOwnerofawheatiehorde Posts: 1,446 ✭✭✭✭✭

    @jmlanzaf said:
    I don't think any of those could be called cherry picks. Respectfully, they seem appropriately priced and probably appropriately net graded. The 3 CS looks damaged and may have been amateur dipped. The Morgan looks okay but whether it's an MS60 or 62, it's still only $100 coin. The other 2 coins are fine but also appropriately priced.

    I agree that something looks off with the three cent, but the Morgan looks like a standard bank bag coin. The plastic might be giving it a weird look.

    Type collector, mainly into Seated. Young Numismatist. Good BST transactions with: mirabela, OKCC, MICHAELDIXON

  • jmlanzafjmlanzaf Posts: 31,287 ✭✭✭✭✭

    @Ownerofawheatiehorde said:

    @jmlanzaf said:

    @erwindoc said:
    3CS looks XF+/Low AU to me. Nice pick up there. Not sure on the values though.

    It looks damaged to me. I'd like more pictures.

    It has a small dent between the A and the T, but no bending present. Here are some more pics.

    That's still impact damage.

  • jmlanzafjmlanzaf Posts: 31,287 ✭✭✭✭✭

    @Ownerofawheatiehorde said:

    @jmlanzaf said:
    I don't think any of those could be called cherry picks. Respectfully, they seem appropriately priced and probably appropriately net graded. The 3 CS looks damaged and may have been amateur dipped. The Morgan looks okay but whether it's an MS60 or 62, it's still only $100 coin. The other 2 coins are fine but also appropriately priced.

    I agree that something looks off with the three cent, but the Morgan looks like a standard bank bag coin. The plastic might be giving it a weird look.

    I think the Morgan looks okay but it is priced appropriate to an MS60 to MS62 coin.

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