Another ICG Question: 1880-S Morgan MS67+
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Here's a link to how to post a topic with images in our community https://coinauctionshelp.com/welcome-to ... community/
___________________________________________________________________________________________________________
You also agree to follow these guidelines. You must agree to these rules to be a member of this forum. NO SPAM! Spam is deleted within minutes, no spam will ever be left in our community.
1. Post a front and back image of your coin with a specific question about what you’re seeing or asking about and one coin per topic.
2. Please remove coin from the holder unless it’s US or an official mint case or unless it is graded by a grading service.
3. Images should be taken by a camera or cell phone camera, we ask that members don’t use images through a microscope screen.
4. Always start your own topic, please don’t ask about your coin or post your coin in someone else’s coin topic.
5. Do not send private messages about your coin unless an Admin ask you too and the same for sending emails through the board.
6. No spam. Do not post any links to your coin or other non-coin websites.
7. Always be respectful even if something makes you upset or you don’t agree with a member. You can always get a second opinion elsewhere. If you have an issue then politely ask an admin in an PM. PM’s are for issues, technical and personal, but not for coin questions (refer to number 5 on this list). Our community is not a soap box for complaining or drama, so please refrain from doing so here.[/size]
- RevElvisLee
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Another ICG Question: 1880-S Morgan MS67+
I don't normally deal with this high of a grade when it comes to Morgans. The highest I own is an MS65 in an old ANACS soap bar. Obviously, even though it's a common date, the grade puts it into the $1k+ range. The catch is... ICG again! I have an opportunity to get this at less than half what the price guide values it at, and Greysheet only goes up to MS67. SO, my question for you Morgan experts is this: Does this reasonably look like a strong 67+ to you? I understand proper analysis would require holding it in your hands, so I understand that limitation. But if I'm about to do something stupid, I know one of you guys will school me on it.
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Re: Another ICG Question: 1880-S Morgan MS67+
Don't ever buy a coin based on a perceived future grade IF you have to ask other people if it's a good idea. If you buy looking forward then you should be able to have the knowledge and bravery to go it alone. It's a nice coin and I would buy it, but no way can anyone comment on a MS67+ grade or any grade that high.
- RevElvisLee
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Re: Another ICG Question: 1880-S Morgan MS67+
Well, Daniel... I choked. Too close to the rent bill, I guess. Somebody else got this coin for a "best offer" even after the seller had reduced it to $695. My guess is around $650. I don't know what your take on this is, but if it hadn't been a "conditional rarity", I would've been more apt to irritate my landlord in order to get the coin. In this case, however, if it had lost a half-grade during crossover, I would've still been in okay shape. Fortune favors the bold and well-funded, but if I had tried to cross it and PCGS decided it was only 66+, it would've dropped from $1650 to $550. I'm not sure if that's a failure of bravery or triumph of having the sense to know that I don't know enough. Regardless, your comment was helpful to me, and I thank you for it.Daniel wrote: ↑Thu Mar 31, 2022 8:52 pm Don't ever buy a coin based on a perceived future grade IF you have to ask other people if it's a good idea. If you buy looking forward then you should be able to have the knowledge and bravery to go it alone. It's a nice coin and I would buy it, but no way can anyone comment on a MS67+ grade or any grade that high.
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Re: Another ICG Question: 1880-S Morgan MS67+
I hope it didn't sound to harsh, it is your money, but some people can't afford those loses and new people might see this and get ideas. lol. Thanks you!
- RevElvisLee
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Re: Another ICG Question: 1880-S Morgan MS67+
Not too harsh at all. In fact it's just what I needed to hear. I can't really afford the loss, and your advice informed my decision to pass. If I could afford the loss, I would've gone for it - also partially based on your advice. So I think you hit it just right. I'm not quite in the MS67 Morgan league just yet - if I were, I wouldn't have had to ask. Just as an aside, I did find a nice deal on an MS66+ 1904-O, certified by ICG, that wasn't such a gamble. I'm excited to see if it crosses (or I may crack it and send it raw) to PCGS at the same grade. I'll let you guys know, if you're interested.
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