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Shaw69
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New Member, longtime viewer :)

#1 Unread post by Shaw69 »

Hi Daniel and everyone :)

My name is Shaw, and I have been collecting coins for about 35 years or so. My main coin interests are error coins, but just about anything made out of silver is at risk of joining my collection, even from other countries. My favorite coin is a shilling from 1880 I got about 20 years back that I call my "jury duty coin" because I used the gas money they paid me to go to jury duty to pay for it. My local coin dealer had just changed the price from around 250 to 90, and it looked so gorgeous I had to do it :D
Unfortunately I left it for several years in the flip he had sold it to me in, so I'm afraid to have it graded because I think it might have just a touch of something from the plastic flip.
My favorite error coin is actually the coin that got me into errors. I was looking through a roll of halves and found a weird one. My local coin dealer explained to me about clipped planchets and then showed me an Ike he had with the same error, from the same year. It got me going on those and over the course of a couple years I put together a set of all 1976 coins, cent thru dollar, all with a clip.

Enough about me for now tho; in addition to joining the forum, I had a question maybe Daniel or someone could help with. After watching Daniel's video about the 1885cc in MS65DMPL, I was looking at various specimens on ebay, and somehow in the process I wanted to see the highest priced one listed, and it was one in MS68+ for over 300 grand. The picture of the coin is disgusting and it just seems so weird to me that a Morgan that got that grade and is being sold for such a price has what looks like scrapes on the face, and enough marks that it's honestly even hard to read LIBERTY in the headband. I went to PSGC website and looked up the certificate, and even the pics there look horrible. I get that coins get toned and such, but this looks like some sort of damage, and just seems really in contrast to it supposedly being "MS68+". Shouldn't things that REALLY detract from the image or appeal of the coin prevent it from being the literally top graded Morgan?

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SensibleSal66
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Re: New Member, longtime viewer :)

#2 Unread post by SensibleSal66 »

Welcome aboard !
Member of CONECA
" All replies are my opinion based on experience"
Casual Collector 40+ years , 10 years Error coins ( still learning).

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Paul
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Re: New Member, longtime viewer :)

#3 Unread post by Paul »

Welcome

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Earle42
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Re: New Member, longtime viewer :)

#4 Unread post by Earle42 »

Grading is not at all what the general masses just assume grading companies to be. There is an unfortunate mindset that grading companies are THE undeniable experts, and that all a person has to do is find a shiny looking coin, send it in to be graded, sell it on eBay and retire from the profits.

So coin grading by the companies is not about how pretty a coin is. Some very ugly coins get high grades b/c the graders are looking for original details and amount of wear.

Also remember only eBay SOLD auctions are worth using to try to find a good market price. Anyone can list something like a jar of mustard on ebay for $1,000,000, but only sold items tell what people really pay.
Common grading company shortcomings & resulting co$tly mi$take$ to collectors (using Kennedy No FG halves):
https://tinyurl.com/y7rksxu8

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Daniel
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Re: New Member, longtime viewer :)

#5 Unread post by Daniel »

Welcome to the forum!

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