Morgan set purchase question

Bigbuck1975

Would you run if the key dates were ICG graded?

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nwcoast

No. Not at all.
I would look at the coins and evaluate them on their own merit.
They may be accurately graded, under or over graded.
Look beyond the plastic.

AUandAG

I'd rather buy key dates by ICG than raw ones....you know they are real.

bob

DollarAfterDollar

I agree. IGC get's it right more than not and it's unlikely they'd want to have overgraded key date coins in their plastic for everyone to pick apart anymore than the others would. They might even be a touch more disciplined.

On the other hand, I'd need to agree with the grades assigned.

TopographicOceans

I would wonder why the keys are ICG. I assume the others are PCGS/NGC?

I'd have confidence they are genuine, but would drop the ICG coins down a grade as far as pricing is concerned.

jdimmick

I would and not have a problem, I would just assess the coins anyhow, would still do the same even if in PCGS holder s

I would love to get the chance to buy a set of morgans, I have not bought a complete set of morgans in like 2 years.

BAJJERFAN

Why not? They're pros and Morgans are about the easiest series to grade.

Bochiman

How do you feel about YOUR ability to grade morgans when in your hands?
If you feel good, then even in ICG it is ok.
If you don't, then pass them by or get some help with them.

Some people did ICG for various reasons, including speed and cost as well as "better grades". If you do get them, make sure to pay commensurate to what you believe they actually grade and not the number on the slab.
For better possibility with future sales, you would want them in a top holder and not ICG nor raw. To that, I would add the potential costs of doing so into my equation for buying.....

joebb21

Yes but at a steep discount- even if accurately graded.

keyman64

Nope, stick with buy the coin, not the holder.

coinhack

It could be a good opportunity. A few months ago I saw an 1893-S Morgan on eBay in an ICG holder graded XF45. It looked great in the photos so I took a chance. Bought it as a BIN for $7,500. I showed it to a buyer from a major silver dollar dealer a week after it arrived and he gave me $9,000 for it. It now resides in a PCGS XF45 holder and the dealer was asking $12,500 for it. It is a very nice coin and has an AU look.

morgandollar1878

<< <i>Nope, stick with buy the coin, not the holder. >>





What he said.

Bigbuck1975

What is the consensus on the three pics I provided? The 1893cc and 1894 look conservative to me and the 1893s looks about right maybe a fuzz high.

Thoughts?

Wabbit2313

Not enough info. What holders/grade level are the rest? UNC, AU, etc. The ICG coins might be problem coins that were already rejected by the big boys. No matter what anyone says here, you don't send an super rare date to ICG first.

LindeDad

Big Bucks in the reight holders.

messydesk

I have no problems taking a closer look at those coins pictured. Whether I run or not would depend on the bottom line and my opinion after in-hand inspection.

DennisH

<< <i>I have no problems taking a closer look at those coins pictured. Whether I run or not would depend on the bottom line and my opinion after in-hand inspection. >>

I totally agree.

Bigbuck1975

I ended up buying the set and 5 of the 7 submitted crossed at the same grade from ICG to PCGS, woohoo!!

Bochiman

Originally posted by: Bigbuck1975

I ended up buying the set and 5 of the 7 submitted crossed at the same grade from ICG to PCGS, woohoo!!

Good for you!



I know some are scared by ICG holders, but, as I said above, if you have the opportunity to see them in-hand, and you are competent, and comfortable, with your own grading, and you know pricing, you should be ok.



At a show some half dozen years back, I used to hear a (now passed away) dealer giving his sage advice to other dealers......don't submit keys or marginal coins to PCGS/NGC. Submit to ICG, or any of the other lower tiers, in order to get holdered and get higher grades.



THAT made me weary.



I also saw/heard a number of folks who submitted to ICG because of the cost/specials that they had.



So, I put the thoughts together and decided NEVER to buy ICG at grade/cost "sight unseen" (ie...not in-hand) but to also not ignore them as some people just didn't know better and had good coins, or just didn't care as they had them encapsulated and protected anyway.



Again, glad to hear the majority crossed.

AUandAG

congrats!

ricko

No... I would evaluate the coins.... ICG is a grading company (we know that), and as

such, has been relegated to a lower status than others.. however, I have purchased excellent

coins in ICG holders.... and I have seen some that may not have graded as well elsewhere.

Buy the coin... why anyone considers plastic first is beyond me... Cheers, RickO

djm

Originally posted by: TopographicOceans
I would wonder why the keys are ICG. I assume the others are PCGS/NGC?

I'd have confidence they are genuine, but would drop the ICG coins down a grade as far as pricing is concerned.

No need to wonder, its quite simple. ICG grades the key dates for free, why spend several hundred dollars when the is no need to

TPRC

Congrats! The 93-S does not look vf to me. Rather, it looks like a 12 or at best 15. How did it do?

Bigbuck1975

it ended up VF20

TPRC

Congrats again....that shows me!

Type2

Originally posted by: morgandollar1878

Nope, stick with buy the coin, not the holder.

What he said.

garrynot

I once had a '93-S in an ANACS holder. Graded VF20. The reverse was described by a prominent dealer later as mushy. He estimated the correct grade as F-15. The obverse on the OP coin looks a bit better than mine. If the reverse is similar, it might be graded correctly.