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Morgan Dollar Question
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mnmvick View Drop Down
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Joined: 10 Sep 2008
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Points: 10 		Post Options Post Options   Thanks (0) Thanks(0)   Quote mnmvick Quote  Post ReplyReply Direct Link To This Post Topic: Morgan Dollar Question
    Posted: 10 Apr 2010 at 7:16pm
I had some coins graded by ANACS many years ago, but that was before I knew what the carrying value would be of the slabbing company going forward in time.  That sounded wierd as I typed it!
 
Basically, who knows which slabs will hold their values into the future?  Any coin can be cracked out for sure, so even if you aren't worried about the CURRENT or FUTURE value, you can get it slabbed to keep it preserved.  As far as I know, they don't tarnish much, if at all, once slabbed.
 
I for one, am happy to have those coins I got graded back in 1995 through ANACS (I think that was the year, give or take), but now I know that ANACS does not hold the value like PCGS and NGC do.
 
If you have a valuable coin and want it to sell for the highest price, get it graded by PCGS.  If you don't like the grade they give you, I am sure that ANACS or PCI will give you a much better rating.  Just bust it out and send it to them.  I have read articles that compared the services in just this way.  Try a search on Bing or Google!
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pondman View Drop Down
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Joined: 30 Nov 2009
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Points: 4 		Post Options Post Options   Thanks (0) Thanks(0)   Quote pondman Quote  Post ReplyReply Direct Link To This Post Posted: 30 Nov 2009 at 5:20am
I personally hold to a $250 rule, and wouldn't submit unless there is sufficient retail value. A few times I've broken the rule with 1/2 and large cents only because I bought them raw and got good deals. Plus they are my personal interest.
 
Although I don't collect morgans, I do have 4 uncirculated sets of peace dollars, so I understand you interest  in grading. If I buy an uncirculated peace dollar for $20 and their redbook is $165, I personally don't think it's feasible to submit at this time, because they are going in to my hoard for awhile and nobody but myself will see them. 
 
I would suggest not submitting them unless they are valued at a couple hundred dollars and you plan on holding them.
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just carl View Drop Down
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Points: 1221 		Post Options Post Options   Thanks (0) Thanks(0)   Quote just carl Quote  Post ReplyReply Direct Link To This Post Posted: 23 Nov 2009 at 4:09am
Originally posted by youin youin wrote:

I have some common date Morgan SIlver Dollars that are in MS62-64 condition. I am thinking of having them certified by ANACS but I want to know if their certification will be worth less money in the future than a PCGS or NGC certification. Thanks!
Not an easy question. The reason is simple. If you check out any price guide you would notice the massive differences in prices based on availability, quantity minted, condition of the coins, popularity, etc. In other words if your coin is worth $15 due to just a common date and lots of wear, it would cost more to have it slabbed than it's worth.
At coin shows I see examples of this all the time. People are fooling themselves by attempting to sell for more a coin just because it is slabbed by PCGS or NGC. I've seen coins worth only a few dollars in such slabs and no one wants to purchase them except for the few dollars the coin is worth.
Your estamation of MS62 to 64 sounds like your estamation and if only a AU and a common date, may not be worth having it graded at all.
As to resale values I can only attest to what is happening in the MidWest at coin shows and coin stores. Dealers love to brag that a coin is in a PCGS or NGC slab. Not  to many brag about ANACS or the many, many others. Now just to many OTHERS. A $10 coin in a PCGS slab will always bring more money pending if the right coin for the right collector.
Collectors are really getting tired of all the other so called TPGS's and there are a lot of them and some are just some person in a basement with a wish to become rich.
My suggestion to you is if you look up those coins and they are less than about $50 selling price by a dealer, forget the slab. Remember that unless your a dealer you'll never get your money back.
just carl
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: 22 Nov 2009 at 11:14am
I don't know the answer but hang in here there's those that do.
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youin View Drop Down
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Points: 3 		Post Options Post Options   Thanks (0) Thanks(0)   Quote youin Quote  Post ReplyReply Direct Link To This Post Posted: 22 Nov 2009 at 12:44am
I have some common date Morgan SIlver Dollars that are in MS62-64 condition. I am thinking of having them certified by ANACS but I want to know if their certification will be worth less money in the future than a PCGS or NGC certification. Thanks!
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