1878 8TF Guess the Grade ...
bass
Posts: 15
This is a 1878 8TF That I just bought for $500
Can you help me guess the Grade on this coin
Thanks for everybody on this forum
Sam
Can you help me guess the Grade on this coin
Thanks for everybody on this forum
Sam
I collect Morgans.
0
Comments
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Larry
Bass: I am concerned (on your behalf) that you paid $500 for a raw Morgan, and apparently are not very familiar with them. (i.e your small number of posts and your sig line comment "Just got into coin collection". For instance, the posters are referrring to hairline scratches (not cracks) resulting from abrasional cleaning or wiping of the coin which could make this coin worth about $100 rather than the $500 that you apprently paid.
You would have taken much less risk, and would have been better off having purcased a PCGS MS-64 1878-8TF for about $400-$450. I am not trying to be critical of what you have already done, but am suggesting that you may wish to do things differently in the future.
Do you have the option of returning this coin to the seller for a refund? If so, you may wish to consider exercising that option and taking my advice of going out to the market and finding a PCGS (or NGC) MS-64 1878-8TF that you like. It's a much less risky option for you.
I hope that this information is helpful to you.
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"
probably a MS64 at best.
I also wonder about if the rim ding at 2 o'clock is too much or not.
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 am sending this coin to PCGS for grading and I hope I get good results at least MS 64.
Thanks
Bass
I'd say BB by PCGS.
Unc. details, net MS60 Cleaned by ANACS.
Edited to add: If you (Bass) say it's not cleaned, then okay. I'd be hesitant to purchase a 1878 8TF raw for $500. I got a great one raw for $140 and its a solid 64 shot 65.
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
In the future I would avoid raw coins, particularly if they look like a slider, and particularly if they have questions re marks, strike, etc.
I would not send that coin to PCGS -- try ANACS. If it grades, you can always cross it. You'll learn more from anacs as far as net grade and vam.
Just out of curiosity, did you get an independent objective evaluation of whether or not this coin had been cleaned, or did you have it evaluated by the same party who sold it to you?
Keep us informed of your progress, and please sgare with us the grading results when you receive them back from PCGS.
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"
looks good for a nice raw set in wayte raymond boards for 10-12 years with a bunch of bounty towels with a heavy color pattern thrown in with and around the boards. it werks...
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