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Morgan Dollar Question |
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youin 
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Joined: 06 Sep 2009 Online Status: Offline Posts: 3 |
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 Topic: Morgan Dollar QuestionPosted: 22 Nov 2009 at 12:44am |
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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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Posted: 22 Nov 2009 at 11:14am |
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I don't know the answer but hang in here there's those that do.
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just carl
Coin Expert 
Joined: 02 Jun 2006 Location: United States Online Status: Offline Posts: 1121 |
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Posted: 23 Nov 2009 at 4:09am |
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.
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just carl
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pondman
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Joined: 30 Nov 2009 Location: United States Online Status: Offline Posts: 4 |
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Posted: 30 Nov 2009 at 5:20am |
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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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