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Woo hoo ! My best eBay 'pick in a long time (maybe ever)
dcarr
Posts: 10,279 ✭✭✭✭✭
I had put in a snipe bid that was MUCH higher. But I unexpectedly won it for a tiny fraction of what my snipe bid was:
1896-O $1 Morgan Silver Dollar - High Grade - Key Date
I will post my own pictures when I get some.
1896-O $1 Morgan Silver Dollar - High Grade - Key Date
I will post my own pictures when I get some.
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Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
These were determine to be counterfeits and NOT products of the New Orleans Mint.
They were worth beaukeau bucks when PCGS graded them prior to 2005 (still are in PCGS holders.)
PCGS no longer slabs the micro 'O' versions of 1896-O, 1900-O, & 1902-O $1's but they're still worth a significant premium nonetheless.
bob
An authorized PCGS dealer, and a contributor to the Red Book.
I had put in a snipe bid that was MUCH higher. But I unexpectedly won it for a tiny fraction of what my snipe bid was:
1896-O $1 Morgan Silver Dollar - High Grade - Key Date
I will post my own pictures when I get some.
Generally, it is unwise to post your eBay coups here lest it get back to the seller that he's leaving
beaukeau bucks on the table and he kaboshes the deal.
I certainly looks uncirculated. I hope it passes the basic fake tests when you get it.
U.S. Type Set
I had put in a snipe bid that was MUCH higher. But I unexpectedly won it for a tiny fraction of what my snipe bid was:
1896-O $1 Morgan Silver Dollar - High Grade - Key Date
I will post my own pictures when I get some.
Generally, it is unwise to post your eBay coups here lest it get back to the seller that he's leaving
beaukeau bucks on the table and he kaboshes the deal.
Yes, of course.
I already had coin in hand before posting.
Here is my first take on pictures:
I certainly looks uncirculated. I hope it passes the basic fake tests when you get it.
Definitely a VAM-4 "privately made" micro-o.
I collect these and I have given talks about the "privately made" VAMs at my local coin clubs.
I believe my example to be the ONLY privately-made micro-o, of any date (1896-o, 1900-o, 1902-o) that is in uncirculated condition.
In fact, there is only one other coin known in the ENTIRE privately-made VAM family (28 different die pairs) that is considered uncirculated. It is a 1901-O (normal O) VAM-60.
Pictures of that one linked from www.VAMworld.com:
wow, MS64?
Definitely a strong MS63+. Never cleaned, no hairlines, few marks. Basically unprecedented for a privately-made micro-o.
This puts it at least two points higher than the only other UNC privately-made VAM that is maybe MS-61 (pictured in my prior post in this thread).
Is there a market for stuff like that? Seems odd.. most of the time you want to avoid fakes. Nice score though!
There is a market, but I do not know at what level for an item like this.
An example of the same coin in F-15 sold on eBay recently for $149 (BIN, advertised as a "micro-o"). But since these privately-made VAMs were placed directly into circulation by the maker(s), most are in low grade. The surviving population seems to decrease exponentially with each increasing grade.
Doggedly collecting coins of the Central American Republic.
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Greg Hansen, Melbourne, FL Click here for any current EBAY auctions Multiple "Circle of Trust" transactions over 14 years on forum
Nice find!
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Awesome coin Dan, and I REALLY wish that PCGS was still grading these.
Nice coin.
I collect these and I have given talks about the "privately made" VAMs at my local coin clubs.
I believe my example to be the ONLY privately-made micro-o, of any date (1896-o, 1900-o, 1902-o) that is in uncirculated condition.
In fact, there is only one other coin known in the ENTIRE privately-made VAM family (28 different die pairs) that is considered uncirculated. It is a 1901-O (normal O) VAM-60.
Great pickup dcarr. Not being a Morgan $ collector, I was not even aware that these privately stamped coins existed.
Is there an article or single place listing and describing all of these "privately made" coins?
Thanks for sharing.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
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Thanks for sharing!
What are the pups to prove that it is a counterfeit and not mint made?
IIRC from the PCGS investigations, all had the same reverse. Had they been Mint made, the reverses likely would have been different.
see here
What's the difference between "privately made" and "counterfeit"? First reaction was that it was a nice 62/63 and a great score
Philosophically, there is no difference in this case.
I think most of the difference in people's minds is that these were "recognized" as authentic by the "experts" for so many years that they some how get a pass for being counterfeits. Still collectible nonetheless.
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Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
This group includes multiple obverse dies paired with multiple reverse dies in random pairings that could not have occurred at the mints. Most if not all of the dies have been proven to be counterfeit via "repeating bag marks" that were bag marks on the coins used to make the dies, and that repeat on every coin struck from the counterfeit dies.
They are counterfeit because they were made with intent to defraud, i.e., pass as money in circulation.
The most likely time that these were made was in the early 20th century when silver was cheap and you could profitably make a counterfeit dollar out of good silver, but before WWI when precious metals rose sharply. The second most likely time was during the Great Depression, when silver got down to 27 cents an ounce and again you could make a profit making full-weight counterfeits.
There are other theories, including one where the Mafia was making counterfeit dollars to use in their casinos in Havana or elsewhere in the late 1940's and the 1950's, but these are not as likely. For one thing, the counterfeits are typically found in well-circulated condition, much more so than they would have acquired between the 1950's and the mid-1960's when dollars disappeared from circulation.
A coin dealer friend that buys a lot of common dollars around the country has observed that random sightings of these counterfeits in old accumulations are most likely to appear in New England and New York, but can occur anywhere in the country.
TD
There is a market, but I do not know at what level for an item like this.
Solid 4 figures for something like this. A couple other AU58-MS61 certified by ICG traded for somewhere in the $2-3K range, I think. There is an ICG AU58 of the 96-O Micro O. The MS61 is the 02-O Micro O. This should go for more than those as it's the new finest known for the Micro O Family counterfeits.
When were these made?
Probably between 1905-10, but that's a guess.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
If you did not read the PCGS article linked above, it is very good.
I think your's is a 64. Too bad you can't have it slabbed now!
Finally, your image is already on Vamworld. That was fast!!
I .....uh...................
......I, just.....
.....there's a ...........
well........
YOU SUCK
https://imdb.com/name/nm1835107/