Options
Just Received an Early Christmas Present for Thanksgiving
RichR
Posts: 3,984 ✭✭✭✭✭
Just received word on my latest batch of submitted Morgans.
One coin, a toned 1880-CC, I picked up raw back in 1992 for $42 at the Westchester County Coin Show...to fill a hole in my Dansco album. It looked like a decent coin to me...but the dealer told me it had came back as Unc. Details.
So there it sat for 10 years until I dipped (the toning was uneven) and submitted it white...and it came back...Unc. details. Oh well. So back it went into my album for another 15 years...until last month. In that time it had developed attractive light purple ring toning from the album.
Just got word on the results...coming back now as an MS-64 (VAM 4 overdate)
Very pleased with my initial $42 investment.
Happy Thanksgiving to everyone!
6
Comments
good for you. What became of the Dansco set?
$42 + 2 submission fees, shipping, etc.
Congrats are in order but it’s food for thought to consider that when you sell it, someone will be getting a coin that 6/9 graders didn’t like.
Still have the set...I slab a few coins from it each year...now as a secondary straight UNC set vs. my primary PL set.
Re the 6/9 graders...they probably didn't like the original "blotchy" toning...but now that its been replaced with a much more subtle edge tone...it really is an attractive coin.
Plus, my prime 25 year old hawk eyes really thought it was originally a solid coin (as did the original dealer). That unpleasant haze really was doing it a disservice.
And a 64 isn't a slider in my book. And anyhow, I'm not planning to sell it.
Amazing how 30 years of patience can be rewarded....
I have coins that have been in my collection for that long and much longer... never considered sending them in - and rightfully so - I am sure none would have the success of your coin. Still, it is interesting what might be in some collections.... Cheers, RickO
When I assembled the bulk of my collection 30+ years ago...slabs were in their infancy...so raw and original was still the thing, And there was a debate of white vs. toned being superior. But that being said, many dealers would freely dip coins white upon request.
Three decades later, it's ironic that all that original toning can be interpreted as potentially negative "surface conditions" or "environmental issues". So much for keeping things original.
But in a different vein...it was one thing for me as an 18-year-old kid to pay $42 for a nice Unc. coin...but what !8-year-old today can shell out $400 or $500 for the same coin?
According to the Dept of Labor Statistics $42 in 1992 dollars would have the purchasing power of a little over $72 today. So... looks like you made a very wise investment for a 18 year old kid.
it's crackers to slip a rozzer the dropsy in snide
-- So... looks like you made a very wise investment for a 18 year old kid.--
Wisdom had very little to do with it...I just thought a coin with a 2 letter mintmark (CC) was cool!
Well that's one way to do it lol
Congratulations !!!
Or it could be 3/3 graders liked it if it was the same 3 graders each time. It sounds like it had very different looks each time.