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My Recent Humbling

jp84jp84 Posts: 206 ✭✭✭
in U.S. Coin Forum
First post for me, but I have been reading the forum for a few months. I am a part-time dealer that does a local show about six times a year. I also collect - Canadian decimal and most US series. I thought I had a good eye so I bought a few raw Morgans / Peace dollars in the past few months and recently sent them to our host. Haven't got them back yet but I looked online and the news is not good.

1878 8TF - bought at $140 - slabbed at MS-63. Not bad, I was hoping for 64 though.
1880P - got 92'ed (think I paid around $60 for it)
1880CC - paid $450 slabbed at MS-63. Not bad
1880O - 92'ed (I thought it didnt look good but took the chance given the jump in bv for MS grades)
1883O - 94'ed...thought it was good
1893 - 92'ed....bought off someone that walked into the show I do for $300, I struggled to grade it through dark toning
1898 -slabbed at MS-62 though it would be 63
1926D - Au-55 thought it would get at least 60

I have four more Peace dollars in for grading that may save the day, we will see.

Anyway I will post pics when they arrive back and would appreciate any explanations on the grade that any of you may have. It would be nice to sit down with the graders and have them go through exactly why they graded the way they did.

Comments

  • drwstr123drwstr123 Posts: 7,038 ✭✭✭✭✭
    Welcome to the Monkey House.
  • SwampboySwampboy Posts: 12,998 ✭✭✭✭✭


    << <i>It would be nice to sit down with the graders and have them go through exactly why they graded the way they did. >>



    You ain't the first to have this particular dream.



    image

    "Inspiration exists, but it has to find you working" Pablo Picasso

  • Jinx86Jinx86 Posts: 3,710 ✭✭✭✭✭
    Morgans are definetly not my series when if comes to grading. When ever I was looking for dates I had to have a copy of photegrade with me while buying, ive learned a bit now but still lack. I have always been to harsh with the grades for Morgans, to me the large surfaces are so disturbed looking even with the light bag marks.
  • CEOcoinshopcomCEOcoinshopcom Posts: 350 ✭
    Sounds like you didn't do too badly.
    I could fill a book with all the coins in my "education" folder.
    Some were expensive, some were just down right lame.
    Cleaned coins, altered coins, overgraded coins, re-tooled coins, AT coins, removed mint marks, added mint marks, die polish, shoe polish... BIG list... when I got to the point of grading an MS61 as MS62 or 63, I was almost a senior.
    You haven't missed it by too much.
    Keep up the fight!!
    I'm Just Sayin"


    http://www.coinshop.com
  • lasvegasteddylasvegasteddy Posts: 10,408 ✭✭✭
    welcome to the forums and sounds like you're broken in now
    sorry to hear about the results
    this could be tuff season for grades in looking at shared orders page
    i kinda dread my 1st sub due to be released real soon
    everything in life is but merely on loan to us by our appreciation....lose your appreciation and see


  • WestySteveWestySteve Posts: 567 ✭✭✭
    Unless you really, really, REALLY specialize in one particular coin, might be best if you only buy coins in slabs at the grade you want, or buy them raw with the intention of keeping them that way.
  • keyman64keyman64 Posts: 15,507 ✭✭✭✭✭
    image

    As others have said here, a good education can be expensive. It does not look like yours was too expensive though. We have seen much worse!
    "If it's not fun, it's not worth it." - KeyMan64
    Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners. :smile:
  • astroratastrorat Posts: 9,221 ✭✭✭✭✭


    << <i>It would be nice to sit down with the graders and have them go through exactly why they graded the way they did. >>

    Take a grading course at the ANA Summer Seminar, you will get to sit down with graders and chat because they are many of the instructors.

    Welcome to the Board!
    Numismatist Ordinaire
    See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,365 ✭✭✭✭✭
    This humbling beats the heck out of a lot of the recent grumbling I've been participating in around here (for fun, mind ya image ) . Welcome aboard.
  • stevebensteveben Posts: 4,616 ✭✭✭✭✭
    yeah, just look at it this way: you now have some coins in your possession that you can study and learn from. next time you see a coin that looks like any of these you sent in that got BB'd, you'll recognize it. trust me, it gets easier. when in doubt, assume it won't grade. anyone that has been submitting coins for a while now has felt your pain.
  • HintonatorHintonator Posts: 95 ✭✭✭
    I've been there too... Education can be expensive..
    I actively collect, buy and sell US minted Philippine coins from 1903-1945. I am interested in anything during this period, Albums, Proof sets, collections, original rolls and bags, Cullion Leper colony coins etc.
    Also a big fan of liberty seated coins.
  • OGDanOGDan Posts: 3,748 ✭✭✭✭✭


    << <i>this could be tuff season for grades in looking at shared orders page >>


    Based on a recent rough submission of my own and others who have posted recently, I agree with you!
  • PerryHallPerryHall Posts: 46,238 ✭✭✭✭✭
    Suggest that you buy coins that are already slabbed. Buying raw coins is always a gamble unless you are a grading and authenticating expert.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Welcome aboard, and welcome to the world of coin grading.... Do you have an opinion? Cool, you are a grader. image Cheers, RickO
  • AUandAGAUandAG Posts: 24,783 ✭✭✭✭✭
    Morgans have been my main interest for decades and I still get the grading wrong. Quit
    trying to outguess the graders long ago. They are what they say they are!

    bobimage

    PS WELCOME image
    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • coindeucecoindeuce Posts: 13,474 ✭✭✭✭✭
    jp84 - please enable your Private Message function in your profile. I have a question for you.

    "Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
    http://www.americanlegacycoins.com

  • michiganboymichiganboy Posts: 1,247 ✭✭✭
    I think they a harder on morgans, then other series. Not that I have proof, but when I look through the shared orders pages sometimes I see morgans being the most gennied coin. This could also be because so many a sent in. I don't know never submitted a morgan and don't really collect them as much ( I like seated and bust coinage).
    Positive BST transactions:michaeldixon,nibanny,
    type2,CCHunter.
  • joeykoinsjoeykoins Posts: 16,239 ✭✭✭✭✭
    imageimage Congrats. on your coins,cool! One thing nobody mentioned, check for varieties and error coins in your bunch. You might have a "hidden treasure" in your stack! Check em'!image Once again!

    "Jesus died for you and for me, Thank you,Jesus"!!!

    --- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    image

    It can get worse. MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • johnny9434johnny9434 Posts: 28,424 ✭✭✭✭✭
    welcome to the forums. at least ya didnt get totally hosed.
  • CoinDogsCoinDogs Posts: 77
    It happens to everyone i went 2 for 9 once on a PCGS submission...It hurts
  • PTVETTERPTVETTER Posts: 5,959 ✭✭✭✭✭
    image
    Pat Vetter,Mercury Dime registry set,1938 Proof set registry,Pat & BJ Coins:724-325-7211


  • WTCGWTCG Posts: 8,940 ✭✭✭
    Everybody needs to start somewhere but any person who wants to be a dealer, even part time, needs to know the basics of grading before they consider jumping in to the grading game. These results prove there is a lot of room for improvement.
    Follow me on Twitter @wtcgroup
    Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
  • lkeigwinlkeigwin Posts: 16,892 ✭✭✭✭✭
    Welcome to the forum!

    Sorry about the disappointing results. It happens to everyone at some point. Many of us have resubmitted coins we felt were unjustly condemned and gotten them back in problem-free holders. You might ask an experienced dealer-friend for advice.

    Looking forward to the images!
    Lance.
    Coin Photography Services / Everyman Registry set / BHNC #213
  • rawmorganrawmorgan Posts: 618 ✭✭✭
    As 90% of my collection is raw morgans, and having just joined PCGS. I believe I will be having the same experience very soon.

    BTW what variety is the 80cc?

    Do you have any pics?
  • SonorandesertratSonorandesertrat Posts: 5,695 ✭✭✭✭✭


    << <i>Everybody needs to start somewhere but any person who wants to be a dealer, even part time, needs to know the basics of grading before they consider jumping in to the grading game. These results prove there is a lot of room for improvement. >>



    image
    Member: EAC, NBS, C4, CWTS, ANA

    RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'

    CJ: 'No one!' [Ain't no angels in the coin biz]
  • jp84jp84 Posts: 206 ✭✭✭
    personal messaging is now enabled. Thanks for the warm welcome, I will be sure to post some pictures when the coins arrive.
  • jp84jp84 Posts: 206 ✭✭✭
    OK, the 1880-O, I bought on eBay for $91 (that means that someone else thought it was worth $90!). Item number 150652328009 if you want to check out the pictures of it. It came out as 92'ed. Have a look and fire away at me, with the jump in book value from $55 in MS-60 to $360 in MS-63, I thought I had a winner.
  • crazyhounddogcrazyhounddog Posts: 13,979 ✭✭✭✭✭
    Trust me when I say it could be a lot worse than this!! It has been for many well versed collectors....Welcome ....Joe
    The bitterness of "Poor Quality" is remembered long after the sweetness of low price is forgotten.

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