Inequalities of lesser-known slabs

Michael Bugeja, a mint collector since childhood and professor of journalism, guides newly and beginning collectors through fun-packed and enriching experiences in “ Home Hobbyist. ” The lesson here is : In on-line venues like HiBid where auctioneers typically express all sales being final, a hobbyist has to be an expert grader before bid on coins in lesser-known holders. This generator ‘s advice : Do not bid based on grades unless coins are holdered by a top tier firm with a good grocery store repute, such as PCGS, NGC, ANACS or ICG. For example, the 1882-S “ MS-68 DMPL ” Morgan dollar coin privately slabbed in the photograph at left above is no jewel of a mint. It is cleaned, stained, finger-printed and possibly About Uncirculated 58, but no deep mirror. In other words, it is basically silver melt. Because of ever-increasing buyer ’ mho premiums in top auction portals like Proxibid and iCollector, on-line bidders are migrating to portals like where few rules exist governing what auctioneers can say about lots.

In other words, bid at your own gamble.

I ’ ve been bidding on auctions in, to test the portal vein, and am finding lots in lesser-known holders, much chuckling at grades such as the 1882-S alleged MS-68 DMPL Morgan dollar coin in the photograph above ( cluck to expand ). Okay, yes, grading is immanent. But this is no jewel of a mint, in my opinion. I would grade it as cleaned, stained, finger-printed About Uncirculated 58, no deep mirror. In other words, basically silver mellow.

There are no Mint State 68 DMPL coins for this date. Compare the one pictured above with a PCGS MS66 DMPL.

The 1885 MS-66 Morgan holdered by Numistrust Corporation is a unlike report. You can find good coins in holders by this caller. Often they are a tad overgraded ( 1 to 3 points or then ) and sometimes a clean or dip mint is not cited on the label. In the past, though, I have broken out MS-66 coins in Numistrust slab that actually go on to be graded gem by PCGS.

This 1885 Morgan looks gem. But because I am bidding on-line and can not see the coin in person under good ignite, my bid here would be for MS-64, or about $ 45.

step rear and see why I bid $ 45 on a potentially $ 75-150 coin. With buyer ’ randomness agio and embark, I will end up paying an extra $ 20. If I lose the coin to another bidder, thus be it. The $ 45 bid makes sense. Anything higher is a gamble akin to going to a casino.

Your experience may be unlike, but I never saw an accurately grade NES coin according to my own standards, based on what you might find at PCGS or NGC. But on occasion, I have bid on NES key-date or scarce coins, knowing that they most likely have problems.

The 1884-CC Morgan in the photograph above is decidedly not MS-67. It has issues on the impudence and neck with a humble stain or distracting note in the amphetamine right sphere. What concerns me is the luster ( or lack thence ). Again, it is reasonably difficult to tell in on-line photos, but this coin looks dipped when compared to the luster of the 1885 Morgan discussed earlier.

When uncertain of luster on a mint, keep in mind that the like photographer is probably snapping pictures of the coins in an auction. So that is a footing of comparison.

Why then place any bid at all on this NES coin ? A clean 1884-CC Morgan is hush valuable. Most came out of bank bags in U.S. Treasury hoards discovered more than 50 years ago. so if this mint was MS-62 or -63 in its undipped flower, it would have been deserving about $ 225, or $ 160 in auction values ( typically about 25 % less than retail ).

Cleaned and dipped, such a mint would sell for about $ 100. Taking that into account, with ship and buyer ’ randomness premium, I can bid about $ 70 for this mint.

The example here once again is about grading, not bargains. In on-line venues like HiBid where auctioneers typically state all sales being final, a hobbyist has to be an adept grader before bid on coins in lesser-known holders.

If you are even learning how to grade, merely bid on coins in top-tier holders ( PCGS, NGC, ANACS, ICG ).

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