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FUN Show find I never thought possible (Braddick will approve!!!)

DennisHDennisH Posts: 13,995 ✭✭✭✭✭
in PCGS Set Registry Forum
For almost 3 years I've been trying to build a complete PCGS circulated grading set using only 1895-S Morgan dollars. It's proved to be MUCH more difficult than I had ever imagined, and I had resigned myself to only being able to go as low as Fair-02.

Then this morning at the FUN Show in Florida I stumbled across a coin I didn't even know existed, and it is only the second Morgan of any date I have seen in this grade. It was by far my favorite purchase at the show!

I'm still looking for a Good-4, VG8, F12, F15, AU50, AU53, AU55.

image
When in doubt, don't.

Comments

  • Dennis88Dennis88 Posts: 5,797 ✭✭✭
    Congrats!!!! That's a very.....Eh, ....... I think I should say "worn" coin...

    Good luck on the other grades.

    Dennis
    VOC Numismatics
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  • LALASD4LALASD4 Posts: 3,602 ✭✭✭
    I seen worst, does the grade go negative when it is worst looking than this coin?image
    Coin Collector, Chicken Owner, Licensed Tax Preparer & Insurance Broker/Agent.
    San Diego, CA


    image
  • braddickbraddick Posts: 24,166 ✭✭✭✭✭
    Nice catch! Finding Morgans that'll grade out with PCGS in true PO01 is tougher than most realize. First, the coin has to be problem free. Usually by the time that get down to this level they've inherited problems along the way that would keep them out of PCGS holders. Secondly, for a Morgan to show enough of a date and MintMark to be identified usually means there is enough meat on the coin to also keep it out of that magical PO01 arena.
    I've seen Morgan slicks. Cool coins, but its a no-go with PCGS without that date and MM (even if its a Philly mint, there has to be an indication).
  • lavalava Posts: 3,286 ✭✭✭
    Everything Braddick says is very true, plus it is a tough date, making it even more special. Personally I'd still prefer to see a 66 or 67, but these coins do offer an odd abstract artistic quality. I love Braddick's Kennedy which he has posted here sometimes.
    I brake for ear bars.
  • orevilleoreville Posts: 12,022 ✭✭✭✭✭
    DennisH: Great looking coin! I love it! By the way, how much did it cost? They don't have price charts on coins that high.......errr low.

    Can you show pics of all of your 95-S next to one another here.?That would be cool!

    Thanks for the treat!
    A Collectors Universe poster since 1997!
  • DennisHDennisH Posts: 13,995 ✭✭✭✭✭
    Oreville:

    Due to selling some coins, I left the show with a lot more money than I arrived with, so the momentary sting that went with paying $200 for the Poor-01 (!!!) didn't last very long at all. And as I thought more about it on the plane ride home I kept asking myself a question: "If you had to replace ANY coin in your collection, which one would be the hardest?"

    The answer is a no-brainer -- the Poor-01, hands-down. $200 was a ridiculous price to pay... but I'm thrilled to own the coin!

    I'll try to figure out a way to put up images of all the 1895-S side by side,

    -- Dennis
    When in doubt, don't.
  • orevilleoreville Posts: 12,022 ✭✭✭✭✭
    DennisH: That is the collector in you talking. Nice to see that!
    A Collectors Universe poster since 1997!
  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭
    In many, many, many instances, opportunity is more important than price! Good find!
    Early Dollar Set
  • KAJ1KAJ1 Posts: 773 ✭✭✭
    I like it .
  • lavalava Posts: 3,286 ✭✭✭
    I like it too, and I think you should feel good about disregarding all the price guides -- I don't think this was a ridiculous purchase. You like it. Others like it. Enjoy!
    I brake for ear bars.
  • BearBear Posts: 18,953 ✭✭✭
    Sir, your coin has been ........................................................much loved by the public.
    There once was a place called
    Camelotimage
  • BigEBigE Posts: 6,949 ✭✭✭
    I would spray it with Lysol just to be safe. Just think of all of the dirty fingers that have touched that coin and the filthy places where it could have been dropped. People didn't wash their hands back thenimage Better to collect uncirculated coinsimage---------------------------------------BigE
    I'm glad I am a Tree
  • ColorfulcoinsColorfulcoins Posts: 3,365 ✭✭✭
    I actually own 2 PCGS PO01 Morgans: A 1886-P and a 1887-O. However, I've yet to find or see a PO01 Peace Dollar (I have 2 FA02's - a 1927 and a 1928). As others have noted previously, PO01's are HARD to make as the coins usually have too many probelms!

    Edited to note that the imaged 1895-S is a very high-end PO01 in my opinion.....my 1887-O is more worn and my 1886 is a Very Poor 1/2 by comparison - you can't even see the LIBERTY on the headband nor any detail whatsoever about the rims (no lettering or stars).

    Pocket Piece Collection
    Craig
    If I had it my way, stupidity would be painful!
  • braddickbraddick Posts: 24,166 ✭✭✭✭✭
    Craig, when I see you at Long Beach I'll show you a PO01 1921 slabbed Peace dollar.
    No date, but that's ok- it's got details of a high relief and that's all that was needed.
  • solidsolid Posts: 2,975
    Hey, when the 1-70 scale was developed, the thinking was that the grade
    points would relate to pricing - a Fair02 would be worth twice as much as a
    Poor01, a Good04 four times as much, etc.

    With that in mind, the PCGS price guide shows MS65 at $22,000, which should
    make the Poor01 sell for $338.46, meaning you stole this coin!

    Yes, it's too late for this nonsense - or perhaps that's the reason for it! image

    Bottom line - I like it! A nice, original coin, and if it could talk, think of the stories
    it could tell!

    Ken
  • ColorfulcoinsColorfulcoins Posts: 3,365 ✭✭✭
    Pat, would love to see.
    Craig
    If I had it my way, stupidity would be painful!
  • mdwoodsmdwoods Posts: 5,547 ✭✭✭
    That Morgan is undergraded. image Nice find. image
    National Register Of Big Trees

    We'll use our hands and hearts and if we must we'll use our heads.
  • DennisHDennisH Posts: 13,995 ✭✭✭✭✭
    I totally agree it is undergraded... it's a nice, solid Fair-02!
    When in doubt, don't.
  • tgilliamstgilliams Posts: 1,969
    braddick will pay big $$ for that gem.
    PCGS sets under The Thomas Collections. Modern Commemoratives @ NGC under "One Coin at a Time". USMC Active 1966 thru 1970" The real War.
  • DennisHDennisH Posts: 13,995 ✭✭✭✭✭
    I paid big $$$ for that gem... and Pat can't have it!
    When in doubt, don't.
  • RobgettyRobgetty Posts: 1,112
    Nice collection. I'll keep my eyes out for the other grades that you need.

    By the way, what do you think PCGS would do if you sent it in for an
    upgrade? image
    Robert Getty - Lifetime project to complete the finest collection of 1872 dated coins.
  • DennisHDennisH Posts: 13,995 ✭✭✭✭✭
    Robert:

    I really do think PCGS would re-grade this coin a Fair-02 if I gave them a chance. But heck, everybody has one of those, so this baby is staying put!

    I'd be most grateful for any help you can offer on the other grades I still need. The biggest eye-opener in this process has been the near-total absence of AU coins for sale in PCGS holders. The Pop Report says they're out there, but apparently no one wants to sell the darn things!

    And so the search continues....
    When in doubt, don't.
  • ColorfulcoinsColorfulcoins Posts: 3,365 ✭✭✭
    Funny, I have the other problem.......the pop reports DON'T show the low grade coins - so you can't tell IF and HOW amny PO01's and FA02's are out there. I know PCGS keeps this info because when I put a coin in my Registry set, like a 1799 PCGS PO01 Bust $1, it shows me its a pop-1 with XXX higher. I have asked PCGS Customer Service on several occasions to run me a report of the sub G0ood-4 grades for a particular series like Bust $1's and have never received such a report......would be nice if they did show ALL grades and not justthe high grades!
    Craig
    If I had it my way, stupidity would be painful!
  • DennisHDennisH Posts: 13,995 ✭✭✭✭✭
    Craig:

    I'm with you... I'd like to see a breakdown on the number of Morgans in all of the different grades.
    When in doubt, don't.
  • NysotoNysoto Posts: 3,818 ✭✭✭✭✭
    A great grade rarity.
    Robert Scot: Engraving Liberty - biography of US Mint's first chief engraver
  • ColorfulcoinsColorfulcoins Posts: 3,365 ✭✭✭
    A "true" PCGS PO01.........this one came from Braddick so you know its the real thing! Notice the almost complete lack of detail........a superb example of the grade!


    image
    imageimage
    Craig
    If I had it my way, stupidity would be painful!
  • DennisHDennisH Posts: 13,995 ✭✭✭✭✭
    I love that coin!!! (But is there really enough of the reverse left to verify it doesn't have a mintmark?)

    If my '95-S is a 1 (which it's not), then yours is a 0.2.
    When in doubt, don't.
  • ColorfulcoinsColorfulcoins Posts: 3,365 ✭✭✭
    Dennis, intersting question and one I'm debating with PCGS on another coin right now! This "other" coin is a PO01 grade 1875-S 20 cent piece. I see evidence of the "S" on the reverse but PCGS won't grade as they say they cannot tell if the coin is a "P", "CC", or "S". I also have a $20 Gold that has a clear date (grade = AG) but the reverse is blank so PCGS won't grade as they can't tell if its a P or S mint coin. I think that Pat pointed out previously that both date and mint must be discernable for the coin to grade. Obviously, a challange for VERY low grade coins. I'd have to look closer at this one to see if there is or is not some semblance of mint identification.....
    Craig
    If I had it my way, stupidity would be painful!
  • dpooledpoole Posts: 5,940 ✭✭✭✭✭
    This is coin collecting at it's best! DennisH defines what he likes and what he wants to collect, and nobody else. Pure joy in that find! Congrats! image

    Here's a warning parable for coin collectors...



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