Today's Trip to Two Coin Shops--Type Set Additions, MS Large Cent, and GRADE THE MORGAN!
airplanenut
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I've been looking forward to a day like today for a long time! I haven't had a free Saturday in such a long time, and since I did today, I figured it was a good day to go coin shopping 
The only problem is the dealers here tend to close a bit early, so I had to wake up at 10:00am (
--usually on a weekend that's free I sleep until around 1:00, but I go to bed really late).
My first stop was my local dealer. He has a small shop, and mostly wholesales stuff out. That happened yesterday, so he really didn't have much stuff. But during the course of conversation (we were laughing at an appraisal of a collection where he had to give the value of some SBAs (I told him to whip out the Grey Sheet :funny
) I looked in the one main case that he has and saw some 1881-S dollars (he bought have an original bag a while ago). Anyway, one caught my eye... solid PL+ on the obverse, and just plain lustrous on the reverse, with a very clean cheek--a bit of chatter is really only seen because of the frost. I bought it, and think I'll send it in--what do you grade it?
After leaving, I went to the post office, where I was expecting a rainbow dollar. It wasn't there
On the flipside, the line was about 25 people long, and I would have had to sign, so it wasn't all bad . I moved onto a dealer I went to once years ago--nice big shop, but it was hard to get to before I had a car. At first, I just asked for toned morgans, but eventually looked through basically all the slabs they had (not much raw stuff). I picked out 5 coins, and then whittled that lot down to three. The people at the shop were very friendly, and their prices great (they listed their price on the holders, so I could see the markup--at most, $5 !--I'll show what they paid, and what I paid for the coins)
The first coin to catch my eye was an 1851 ANACS MS62BRN large cent. Way back in the summer, I emailed Mark Feld to be on the lookout for a glossy MS large cent--had to be a nice chocolate, glossy, and just plain look nice. He came through in December and sent me a fantastic so-close-to-RB 1847 NGC MS62BN. I love that coin! But when I saw this one, I couldn't pass--the price was great, and the coin has tremendous eye appeal... very glossy (reverse is a bit more lustrous than the obverse), very clean, and it has a great strike. ($130/$135)
The next coin I saw was a 1924 peace dollar. The coin was dripping in lustre, and I just had to have it. If what I remember is correct, that the one in my type set is dull, then this lady will be cracked out of the ANACS MS63 slab. This is the first peace dollar I've ever photographed! ($23/$25).
Finally, I saw this walker. It's got great lustre, a decent strike, and a totally clean sun. It's in an MS63 (NGC) slab, but will be cracked to replace the circulated example in my album. My other MS walker is a PCGS MS64 1945. ($30/$34).
So all-in-all, I had a fantastic day. I had a great time looking at a few hundred coins, and I came out with some pieces that I'm really going to enjoy (especially the last three, which are definitely not for sale). Plus, I didn't have to pay an arm and a leg at all... I thought the prices I paid were quite fair
Enjoy, and don't forget to grade the morgan!
Jeremy
The only problem is the dealers here tend to close a bit early, so I had to wake up at 10:00am (--usually on a weekend that's free I sleep until around 1:00, but I go to bed really late).My first stop was my local dealer. He has a small shop, and mostly wholesales stuff out. That happened yesterday, so he really didn't have much stuff. But during the course of conversation (we were laughing at an appraisal of a collection where he had to give the value of some SBAs (I told him to whip out the Grey Sheet :funny
) I looked in the one main case that he has and saw some 1881-S dollars (he bought have an original bag a while ago). Anyway, one caught my eye... solid PL+ on the obverse, and just plain lustrous on the reverse, with a very clean cheek--a bit of chatter is really only seen because of the frost. I bought it, and think I'll send it in--what do you grade it?After leaving, I went to the post office, where I was expecting a rainbow dollar. It wasn't there
On the flipside, the line was about 25 people long, and I would have had to sign, so it wasn't all bad . I moved onto a dealer I went to once years ago--nice big shop, but it was hard to get to before I had a car. At first, I just asked for toned morgans, but eventually looked through basically all the slabs they had (not much raw stuff). I picked out 5 coins, and then whittled that lot down to three. The people at the shop were very friendly, and their prices great (they listed their price on the holders, so I could see the markup--at most, $5 !--I'll show what they paid, and what I paid for the coins)The first coin to catch my eye was an 1851 ANACS MS62BRN large cent. Way back in the summer, I emailed Mark Feld to be on the lookout for a glossy MS large cent--had to be a nice chocolate, glossy, and just plain look nice. He came through in December and sent me a fantastic so-close-to-RB 1847 NGC MS62BN. I love that coin! But when I saw this one, I couldn't pass--the price was great, and the coin has tremendous eye appeal... very glossy (reverse is a bit more lustrous than the obverse), very clean, and it has a great strike. ($130/$135)
The next coin I saw was a 1924 peace dollar. The coin was dripping in lustre, and I just had to have it. If what I remember is correct, that the one in my type set is dull, then this lady will be cracked out of the ANACS MS63 slab. This is the first peace dollar I've ever photographed!
($23/$25).Finally, I saw this walker. It's got great lustre, a decent strike, and a totally clean sun. It's in an MS63 (NGC) slab, but will be cracked to replace the circulated example in my album. My other MS walker is a PCGS MS64 1945. ($30/$34).
So all-in-all, I had a fantastic day. I had a great time looking at a few hundred coins, and I came out with some pieces that I'm really going to enjoy (especially the last three, which are definitely not for sale
). Plus, I didn't have to pay an arm and a leg at all... I thought the prices I paid were quite fair Enjoy, and don't forget to grade the morgan!
Jeremy
JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
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Comments
<< <i>I'd say those are some real good prices for those coins. >>
Thanks
Capped Bust Half Series
Capped Bust Half Dime Series
You have me beat in that department. I have never owned a Mint State large cent. My finest was an 1837 Medium Letters in a PCGS AU58 holder with a Benson pedigree. I did have an amazing PCGS MS65 RD consigned to me once- I only wish I could've afforded it for myself!
Except in the relatively high grades (64++ and beyond), from what I've seen, brown large cents show little, if any lustre (I went through tons of 62s and 63s on my quest for the first one that were 100% flat and ugly). For having no lustrous red, this one's got some nice lustre, but not a lot, and to see it, there's usually a reflection on the slab. It's an EAC AG
PCGS grades 1881-S's very conservatively because they typically have great eye appeal, strong strike and are dripping with mint luster.
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"
How did your NGC MS62 large cent compare with this new 1851 ANACS MS62? I notice the price you paid for your new 1851 is more in line with AU grade which is where I think it might grade, but have to admit to not being up on large cents. All of your new coins look very nice, unfortunately the high quality photo's you have shows every little detail and defect, but I sure like them (both the coins and the photos).
Best wishes, Pete
Louis Armstrong
I wrote an apology for "stealing" your author symbol, but it was to an old thread. As I explained then, my 1799 dollar is the oldest in my collection, the most valuable, and the most expensive coin I ever purchased....and that was 25 years ago! It has appreciated nicely however, and I consider it the "Queen" of my collection (and there is no King!)
Jeremy,
As I look again, I think your Morgan might have a shot at MS64 depending on how bad that bump on Miss Liberty's nose really is and the extent of the bag marks in the secondary focal area. I agree, the broken frost on the device isn't that big a deal.
Best wishes to all, Pete
Louis Armstrong
<< <i>I think your camera work is getting too good, in that it is showing more of the small flaws on the morgan than you would see with the naked eye. You take great pictures and probably need to spend a little more time on the morgan because of its pl contrast to get the best pictue. I am sure that that morgan looks much better in front of you. Others are nie coins also. What coin shops did you visit? Frank >>
Thanks
<< <i>How did your NGC MS62 large cent compare with this new 1851 ANACS MS62? I notice the price you paid for your new 1851 is more in line with AU grade which is where I think it might grade >>
The 1851 has a better strike; the 1847 is a bit glossier, and is right on the cusp of RB (red surrounds the obverse devices, 50% red reverse). Both are really nice coins, but the 1847 cost me more.
Jeremy
Marc
Jeremy
jim
My WAG 64PL
Herb
I'd say your 1881-S Morgans is a 63.
But.. I think your Peace is a 64 and I can see the '43 Walker as 64 too.
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My WLH Short Set Registry Collection
Great pics.
09/07/2006