Send these Morgan's in for grading or leave raw?
ElKevvo
Posts: 4,162 ✭✭✭✭✭
I was asked to help sell a small collection (all raw) and there were a couple of Morgan's that stood out from the rest. I am getting ready to send in my annual Collectors Club submission and was wondering if I should include these or if they would be better off selling as is. Your thoughts are appreciated! Thanks!
K
1890-CC - I grade this about a VF 25
1878-CC - I grade this about a VG10
1880-S - Could be an MS 62/63 but looks like some rub above the ear however breast feathers are well defined. Nice toning IMO.
ANA LM
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Comments
I wouldn't send any for grading. I see signs of cleaning and PVC.
USAF veteran 1984-2005
I wouldn't send those in for grading.
Keep as is
The CC Morgans look lightly cleaned and the chatter and scrape by Liberty's chin on the 1880-S would limit the grade too much. If you need to spend your vouchers, you could probably find someone to pay you to submit their coins for them, and make more profit than the value that would be added to these coins by getting them graded.
Young Numismatist • My Toned Coins
Life is roadblocks. Don't let nothing stop you, 'cause we ain't stopping. - DJ Khaled
CC morgans are cleaned and scratched. Would details. The 1880-S is visually alright due to the toning, but the large scratch would keep the grade at 63 or below.
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Are you referring to PVC on the reverse of the 1878-CC? If so, I think you're mistaken.
Young Numismatist • My Toned Coins
Life is roadblocks. Don't let nothing stop you, 'cause we ain't stopping. - DJ Khaled
Because of heavy counterfeiting of "CC" dollars it may be wise to have those in slabs, even if with details grades. The question is whether the extra cost will be worth it. The 1880-S is an extremely common date. I would not bother having it slabbed.
The first one might straight grade, but that's it.
Seeing as how you've been asked to sell, the question is would they sell for more slabbed or raw?
Yeah that is the dilemma...not sure the delta between having them slabbed vs. just raw is worth it. Regarding possible PVC on the '78 reverse I think it is just general crude. The coins came from the bank back in the 60's / 70's and placed in a blue book so I the chances of them coming in contact with a pvc source is minimal.
Sounds like the general consensus is to keep raw so I'll take that advice, put them in 2x2's etc. for sale. I appreciate everyone's insight!
K
Only the 90-CC might grade, possibly worth it for liquidity. The 78-CC is a bit trashed, frankly, and the 80-S is common, no better than 63, but with wonky color that will probably get it a details grade.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Absolutely no upside to get them graded with all the expenses in this case.
No 👎
There are more than enough collectors and dealers who can identify those coins as genuine. And I believe it’s unlikely that the grading fees would be fully recouped if the coins were graded prior to sale.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I agree that they are not worth submitting.
But I do think two or three would grade, as follows:
1890-CC VF20
1878-CC F12 (although it might have some scratching and light damage on the reverse which might preclude a problem-free grade).
1880-S MS62 (the grade is limited by the marks and scrapes near the mouth and chin).
Frankly I would back off that project. Too many hoops jump thru. Would refer him to a coin shop.
A. You can send them to our hosts for grading. Go from there.
B. Start on the Bay - start auction at 99c.
C. List them on the Bay at your price.
D. Take them to a coin shop to sell.
It’s your decision, call
Many simply would make an offer for them raw that would have a high confidence level for that project. However the last one, tarnished, possibly pvc. Frankly they would probably lowball heck on that to cover risk.
At a show many would send him to the guys table who has boxes full of raw collector coins. He would lay some green on the table and then the ball in your friends court to take the deal or pass.
Adding a slab to the OP coins would incur unnecessary cost for essentially no return, in my opinion.
Official PCGS account of:
www.TallahasseeCoinClub.com