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Morgan dollar people look

Did I do right??

1880-S DMPL

Ah well, live and learn. Seller is in Conn. and I'm in NJ so I guess I'll know in a few days.
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Comments

  • K6AZK6AZ Posts: 9,295
    Never, ever buy a Morgan "DMPL" raw. You are about to get a very expensive lesson.
  • stmanstman Posts: 11,352 ✭✭✭✭✭


    << <i>Did I do right?? >>



    If you think you got a "rip" then yes you did right. Right on Bro!!!!

    But IMO, no DMPL for YOU.
    Please... Save The Stories, Just Answer My Questions, And Tell Me How Much!!!!!
  • You're a brave soul for going after this one - let us know what it looks like in hand.
  • MyqqyMyqqy Posts: 9,777
    You are about to get a very expensive lesson.

    Do you see something in particular in the photos that's a red flag for you, K6AZ? Personally, I would have been a little nervous about the "all sales final"..... but let us know how it looks in hand!
    My style is impetuous, my defense is impregnable !
  • the seller doesn't even combine purchases...i don't like that
    anita...ana #r-217183...coin collecting noob
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  • ashmoreashmore Posts: 126 ✭✭
    Worst case I'd say you are out about $30. Best case, you make $70.

    Ash Harrison
    Ash Harrison

    President, Society of Silver Dollar Collectors
    Governor, National Silver Dollar Roundtable
    President, Ashmore Rare Coins
  • I don't really care. I wasn't going to submit it anyway. I was just bored and felt like sniping something and this looked as good as anything else.
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  • It doesn't look like a bad coin to me. Looks like nice mirrors and not too expensive.

    I'd grab the images...which look pretty good. (right click over the images and be intuitive.)
  • BearBear Posts: 18,953 ✭✭✭
    I have to say, the one time I bit on a non slabed DCAM PL Morgan I got burned.

    The pictures were taken on an angle that made the coin appear great but it turned

    out to be a one sided DCAM with the other side merely a PL. I am now suspicious of any

    Morgan Dollar DCAM based on pictures. I hope that you have better luck.
    There once was a place called
    Camelotimage
  • That was a good idea to save the pics. I did it, so now I have a reference to go back to in case the seller pulls his pics from the listing.

    Bear,

    Two of the pics were taken head on, so the CAM did look legit on both sides to me. I completely ignored the two pics taken at an angle. No matter what happens, though, at least I'll know a little more about Morgans than I did before.
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  • << <i>It doesn't look like a bad coin to me. Looks like nice mirrors and not too expensive.

    I'd grab the images...which look pretty good. (right click over the images and be intuitive.)

    << <i>

    The thought is appreciated. Coming from a big Morgan man like yourself, it makes me feel a little better. Like I said, though, I was restless and couldn't sleep and just felt like busting some nuts with a snipe. Maybe I will have it graded, even if it's a common. If it comes back as either DMPL or PL, it will probably be a common as dirt 60-62. It may even BB for some unseen flaw. I'd wet myself if it came back 64 or better.
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  • TassaTassa Posts: 2,373 ✭✭


    << <i>You are about to get a very expensive lesson.

    Do you see something in particular in the photos that's a red flag for you, K6AZ? Personally, I would have been a little nervous about the "all sales final"..... but let us know how it looks in hand! >>



    I agree.

  • BigAlBigAl Posts: 1,187 ✭✭✭


    Dude,

    I'm guessing 64pl at best, so you probably overpaid by about $60 (raw-including the $8 s/h).

    My question is.....Why an 80-S? There's probably a pop of a zillion in that grade, and another zillion higher, not withstanding the $20 it will cost to prove it.

    My advice (take it w/ a grain...), spend your money on better date morgans.

    Al
    image
  • wam98wam98 Posts: 2,685
    I'd like to see a followup on this one, when you get the $. image
    Wayne
    ******
  • I'll definitely be posting how it looks when it arrives. The seller isn't that far away, so it shouldn't take long to get here. I'll decide what level of service I want for the submission when it gets here. It's a common date, even in PL-DMPL up to MS63, so I don't think express service is really warranted unless it looks 64DMPL or better.
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  • jharjhar Posts: 1,126
    I agree with Big Al, even if he is a gator imageimageimageimage. There are a lot of slabbed examples of this Year & MM to be had for that kind of money. I personally would have passed on this one.
    J'har
  • StuartStuart Posts: 9,761 ✭✭✭✭✭
    I agree with both Big Al and Eric: The coin (if original and unaltered) appears to me to likely be an MS-64 PL (in my opinion mirrors do not appear strong enough in the photo to make PCGS DMPL).

    It appears to have nice forsted device cameo contrast with the PL fields and may be a shot 65. You can purchase this date/mm in PCGS MS-64 PL for about $80-$100 on e-Bay or elsewhere, and you'd be down $30-$50 plus grading fees.

    If you are fortunate enough to make an MS-65 PL, then you'd have a coin worth about $200 on the open market (minus your grading fees) and you'd be ahead $40-$50, after taking the grading risk.

    Best rules of thumb are:

    1) Don't buy raw coins sight-unseen on E-Bay -- even with photos
    2) Don't buy coins for PL/DMPL prices unless they are PCGS (or NGC) certified
    3) Stick with slabbed coins for less downside risk

    Hope that this helps...

    Stuart

    Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal

    "Luck is what happens when Preparation meets Opportunity"
  • I think you did ok. Don`t be surprised when you find out it isn`t a DMPL. It looks to be PL and not DMPL. Grade is about MS63 or MS64. I like the coin but, steep on the price. So the coin really isn`t the problem. Maybe misled on the DMPL but, the coin looks good to me.
  • Everybody is saying and hoping the same thing. Please let us know how you did. I bought 3 raw DMPLs and all 3 were dipped. I bit on the seller being a retired NYC detective. I'm not too sure someone didn't rip him before I ended up with them. But, the coin actually looks pretty nice.

    Jerry
  • I know it was probably a rip, but it looked like the sort of thing that might set off a sniping war in the last few seconds and I needed a little excitement. Everything else that was going off around that time looked pretty boring. I'll hide this one away if I ever have kids someday. At least it'll give somebody some enjoyment.
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  • lavalava Posts: 3,286 ✭✭✭
    I think you'll just get more of the same from me. I advocate against buy raw coins in the first place, so buying raw pls is one step closer to throwing your money away, and chasing raw dmpls is two steps closer. Consider that no one is going to want to buy it from you raw, so you have more postage to get the thing graded.

    Even if it turns out to be what you thought, look at the risk you took. Extraordinary for one of the very most common dates. But, learn from it. If you have the urge to snipe, snipe something slabbed by pcgs, ngc or anacs, so at least you have a respectable third party grading opinion to back the hunch you may have based on eye appeal.
    I brake for ear bars.

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