1889 CC Morgan Dollar VF30
Matthew21
Posts: 136 ✭✭✭
Wanted to show off my 89 cc I actually bought this for around $950 with grading I have around $1,000 into it, they are going for $1,800 to $2,000 at the moment. 
12
Comments
Very nice circulated example.
"When they can't find anything wrong with you, they create it!"
One of my favorite coins and a nice one.
Traitor!
Looks like you got a good deal. Congratulations, Matthew21. You did your homework!👍
Won't go for higher in that holder unfortunately
On this type of coin if I ever sold it I wouldn’t mark the price down because it’s graded by icg, I’ve sent coins into icg and they do a good job of grading, buy the coin not the holder.
Nice coin... a good CC Morgan and date. Now put the rest of the CC's together with it. Fun series. Cheers, RickO
I like this one!
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
Nice one!
I’ll let > @Matthew21 said:
It looks very nice but I think a lot of people including myself would be reluctant to spend top dollar on a coin in a ICG holder.
I'll buy coins that way, but many won't, and unless someone is planning to hold the coin long-term, they're very likely to factor in that they will have more difficulty selling the coin in an ICG holder than if it were graded by PCGS or NGC, and they will adjust their price accordingly.
That's a great practice in theory, but reality just disagrees. ICG coins generally go for 1-2 grades down.
Nice coin though. Shouldn't have a problem getting into a PCGS VF holder.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
The only reason I go with icg is there are no subscription fees, don’t have to wait as long as pcgs, ngc, the prices are way cheaper. I seen a xf40 89 cc sell in a icg holder highly polished for over $1,800.
Looks like a solid VF... nicely done! I won't delve into flavors of plastic but for coins that are very much in demand... and a run of CC Morgan Dollars springs to mind... it will become an issue when you go to sell. That said, the plastic this coin is in let's me know that it's authentic. This is huge in a series that's heavily counterfeited.
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Nice coin. I think you can get the money for the coin in or out of the icg holder.
nice pick up
The phrase "you get what you pay for" comes to mind. PCGS and NGC cost more and take more time, but people use them so often because the market dictates it. Coins will sell in other holders, but by and large, not as well as they will in a PCGS or NGC holder. I handle an occasional ANACS holder, but I can't think of the last time I had an ICG holder come my way.
Unfortunately, when it comes time to sell you are likely to find that the holder does matter even though the coin is correctly graded.
The last coin I purchased in an ICG holder was a straight graded AU55 Seated Dime and I was the only bidder at ~60% of PCGS price guide valuation. I thought the coin had likely been dipped at some point, but looked like it was starting to retone nicely. I was going to put in into my Dansco album anyway, so the plastic didn't really matter to me.
If this had been a piece for my "Box of 20", I'd have passed... because, yes... for higher end pieces (and an '89CC Morgan qualifies) the plastic does matter. ..and all of my future "box-o-twenny" will similarly be entombed... FWIW, I think the piece in the OP would have a good chance of crossing...
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Nice looking example!
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It's a nice coin. I agree with those that indicate that it's value is impacted due to being in an ICG holder. This is a type of coin that I would want with a CAC sticker to maximize value. However, it doesn't sound like that is your goal so just enjoy it!
This one sold in a icg holder highly polished sold for $1,825 it’s a xf40 but that sounds about what it should sell for.
It's also damaged and noted as such, so the holder becomes much less important since you can see the details and have no questions about the originality (or lack thereof). It's hard to make any meaningful conclusions from existing eBay data because the sales history going back to the start of March includes only five problem-free ANACS coins, and only one grades above Fine.
I mean what’s the difference between this one and mine you can see the details on both and mine does not look cleaned at all.
The difference is there’s a much larger market for straight-grade coins, and that market can demand more respected grading companies. As for your coin specifically, I would think it’s original, but I’d also say it’s light enough that a coin with that color could be wiped and retoned.
I wanted someone to mention it.
I was beginning to think l was definitely wrong. But that gut feeling is there.
The patina is so uniform that I think it was once cleaned.
I had the same thoughts seeing the coin. Prefaced with its hard to judge a coin from a photo, I thought the coin seemed too light in color. Definitely dipped with the darker color around the devices. I have nothing against dipping but prefer it is done on AU and above when there is still luster present. Dipping a VF and lower grade makes the coin look too white IMHO.
Surface wear is a definite VF30 and I think the OP got a nice coin for the price paid. But is it 60% off retail, not sure about that. Auction prices for a VF30 were from $1,200 to $2,000 based on the eye appeal, and maybe the opportunity for an upgrade, and that's with coins from the big 2. You are happy with the coin, paid a good price for it, and that's what matters. Enjoy.
Personally I don’t think it’s been cleaned, I have looked at a lot of cleaned coins and this one doesn’t looked cleaned to me.
The coin gives the appearance of having been lightly cleaned. But so do many of the ones in straight grade NGC and PCGS holders. It's not particularly unusual and it's not a criticism, just a reality.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Ok thanks
To be fair (and as @MFeld noted) even if it's been cleaned, I think it looks similar to many coins in PCGS/NGC holders and could be graded. The difference is that many buyers won't ask questions when the coin is in a PCGS or NGC slab (even if they should), but they will ask questions when it's in a different holder. And those questions cost money.