Woods020

I thought of you yesterday hog and snapped this pic for you. I will say this was right before we got into a weather front but it wasn’t too bad. Half the flight was beautiful.

NGC is the only one who should care. They are getting grading fee and mint error attribution fee to throw a new dime/quarter in a slab and state the obvious…. die crack.

Look this will be my last time arguing with you, but I keep thinking you will want to learn. The driving force of any VAM value is rarity. Yes it’s neat to see a huge die break across the face, but that only has so much to do with value. They aren’t buying the crack per se they are buying VAM 1B, which is a rarity. Once the die reached a state that the crack was visible the life span of that die was short, also known as terminal die state. As a result of being in a late state that would soon be unusable, there aren’t a ton of that VAM since VAM 1B for the 1888-O is the late stage of the first die pair. The die soon shattered or was retired once this crack occurred. As I’ve said VAM collectors want to try to collect them all, so the ones with low numbers drive large premiums. It’s identical to Overton varieties and bust halves, which by the way also have a ton of die cracks of no interest other than determining die state. Also for the record your argument about the smaller the die break the more value couldn’t be more wrong. You kind of glossed over that when called on it. Here is the description from PCGS.

Just so you know reverse of 79 is the normal reverse, which is why it wasn’t listed on the label. Some coins were struck with an older reverse die, which had the 78 reverse. You will see many coins listed with reverse of in the early years. Here is a good pic of the differences between the two reverses. Most people note the Eagles breast as the diagnostic.

Stating the smaller, early state scar face is more appealing. If anything is driving a preference it would be rarity of that one. Nothing to do with die crack size.

This is incorrect again. Every die combination is a VAM. A completely normal Morgan is a VAM (usually 1). Some are subdivided by die state as well. Some flaws make some VAMs more desirable. Primarily rarity of the die marrieds/state is what drives VAM values. It’s not necessarily if it has a die crack, or if the crack is large or small. It has to do with rarity. If you study VAMs look at the rarity rating. That’s what drives most of the value because VAM collectors try and get them all.

Do you have any idea how many die cracks are on Morgans? And very few of them result in any interest. Many are dramatic and encircle almost the full coin. I assure you VAM collectors don’t get excited about die cracks with a few exceptions. And to argue they like small die cracks is true ignorance. Study Morgans for a while and see how many die cracks you can find. It will keep you busy for a long long time. They are rarely even definitive diagnostics of a VAM.

Yes. Winter is more appropriate

It was wine. It was a dealer I didn’t know. Wore a fancy vest every day. And about 4:30 every day of the show he poured a glass of wine and walked around talking. It was interesting. Nice guy.

If it gold cac’d it’s a totally different conversation. The pics aren’t great but based on what I can see I do not see this one gold cac’ing. Just too much little stuff on the face and neck to hit solid 65 in my opinion. It probably would green CAC. I have noticed CAC puts a lot of emphasis on strength of strike, and it appears this one is pretty good. Just my own observation but I rarely see a Morgan with weakness in the hair by the face CAC. I would stand tall at $1250 and take a gamble on it if you want. That’s honestly as high as I can go and I’m nervous at that. But if nothing else it’s a neat coin to look at periodically so that’s worth something.

Vam stands for Van Allen & Mallis, who did a die study of Morgan and Peace dollars. VAMs only apply to those two series, and only the originals. These new reproductions wouldn’t apply.

Geez I can’t even imagine the mess left by that much dust and wind. I would hate to have to breath in that.

He is one of those weird desert people 😂😂 Totally kidding. One of the best guys on here in my opinion.

You don’t need to dip coins. Leave them in the Arizona sun for a day in the summer and they will be bleached blast white.

Gold bean stuff is crazy right now. People are paying three or four grades up for those. It’s insane. Your coin is unquestionably worth a premium, and you should get it. The question is how much. You may have to send it to auction and see how it goes. My offer would be about what Coinbuf said.

Seems completely crazy that is was body bagged then…….

Sounds like he needs you to get real mean with him. Someone may have to beat some sense into him.

More than likely it’s not a valid mint error. Probably something man made, like so many of the fantasies in this type of collecting these days. Seems like it has a noticeable seam. Probably a glue job. Therefore it wasn’t certified. And you paid for them to tell you it isn’t certifiable by them. Yes they should have checked a box for reasoning, but perhaps they get as annoyed as the rest of us with this stuff. The only thing they could have checked was other because this isn’t a submission seen often enough to necessitate a dedicated check box. If you are going to focus solely on “errors”, and put yourself out as errorist, you need to learn the minting process and what a true error is. Hint some minor die cracks are of no significance to any real error collector no matter how many names you want to give it.

Stranger things have happened around here.

Well you know down here in Alabama we don’t like to read a whole lot…😂 Totally kidding and I hate the stereotypes. I live in the same town as The University of Alabama. But for whatever reason I am not aware of any of these existing here. I see them when I’m traveling for work. With our mayor it would take 3 years, 18 council meetings, an environmental impact assessment, and the wind to be blowing the right way for him to allow this. He is a nutcase on oversight of anything to do with building or city planning.

Great stuff gentleman. We need more of this. I am in the same boat as some others in that there are none of these book exchanges around. I try to give kids little coin related things when I get a chance but I love this idea.

Yeah this is a problem. Ideally there would be a neutral third party arbiter, but not realistic. I don’t know how this gets fixed, but I do agree with you. This makes the grade guarantee nothing more than a marketing message with no real impact.

Good on you for getting a bunch of coins that a lot of others got as well in an oversupplied market. I don’t have any desire to get even one, but don’t feel special you got 30. Go to any coin show and you can buy hundreds both in OGP and graded. The stupid things are everywhere. As Justbob and I asked where is this article from NGC stating they discovered this coin as you said in your post? The one you claim was actually yours? @LISA B you may want to be aware of this post.

These taxes are use taxes. Justifiable in some ways to maintain resources you enjoy by using these items. For example car taxes maintain roads, boat taxes maintain waterways/boat launches, and aircraft tax pays for ATCs. How could one justify a similar use tax on a coin sitting in a safe?