Coin in Grading Process but not complete. I don't know what the grade is yet so if someone could tell me if I should be excited yet, I would appreciate it. 1 1

[Mr.Bill347]

I have several coins in grading right now at the Grading/Quality Control State. One of them, an 1887 Morgan Silver dollar has the following status on the submission status line

1887/6 TOP-100 $1 VAM-2

Thanks in advance.

[MarkFeld]

I wouldn’t be excited unless or until there’s an official grade, which justifies the submission.

[JT2]

that line is just a verification of what it is going to be.   wait for the grade and then jump for joy

[RWB]

"Top 100" refers to a specific list of Morgan varieties grouped under that title. It has limited relation to popularity, value, availability or general interest.

"1887/6" refers to the overdate and VAM-2 is the specific variety. Here's the description copied from VAMWorld:

1887-P VAM-2 7/6 Overdate

Discovered by Ted Clark, November 1971.
This coin is a Top 100 Morgan VAM.
2 III2 2 C3a (7/6) (189) I-5 R-4
Obverse III2 2 - 7 repunched over 6 in date. The bottom loop of the 6 shows as a long curved line starting up slightly from the lower right bottom of the 7 and extending upwards one-third the digit height. On the left side of the stem, a short spike slants upwards at a point one-third the way up on the stem height. A short vertical spike shows at the very top of the 7 crossbar in the middle. A short spike also slants upwards from the middle right side of the crossbar.

Comments:
1. 1887 VAM-2 7/6 overdate. This variety is one of the Morgan VAMs recognized and priced in the Red Book, crossing over into many mainstream collections. If you examine the last digit of the date, a 7, the remnants of a 6 can be seen to the lower right.
2. Horizontal scratch in front of the eye as a Pick Up Point from Vampicker. See additional photos below

Edited February 14, 2021 by RWB

[kenlee47]

22 hours ago, RWB said:

"Top 100" refers to a specific list of Morgan varieties grouped under that title. It has limited relation to popularity, value, availability or general interest.

"1887/6" refers to the overdate and VAM-2 is the specific variety. Here's the description copied from VAMWorld:

1887-P VAM-2 7/6 Overdate

Discovered by Ted Clark, November 1971.
This coin is a Top 100 Morgan VAM.
2 III2 2 C3a (7/6) (189) I-5 R-4
Obverse III2 2 - 7 repunched over 6 in date. The bottom loop of the 6 shows as a long curved line starting up slightly from the lower right bottom of the 7 and extending upwards one-third the digit height. On the left side of the stem, a short spike slants upwards at a point one-third the way up on the stem height. A short vertical spike shows at the very top of the 7 crossbar in the middle. A short spike also slants upwards from the middle right side of the crossbar.

Comments:
1. 1887 VAM-2 7/6 overdate. This variety is one of the Morgan VAMs recognized and priced in the Red Book, crossing over into many mainstream collections. If you examine the last digit of the date, a 7, the remnants of a 6 can be seen to the lower right.
2. Horizontal scratch in front of the eye as a Pick Up Point from Vampicker. See additional photos below

😮

[BearlyHereBear]

On 2/15/2021 at 2:51 PM, kenlee47 said:

😮

Economy grading cost me 2 months.  I'll encourage you with this:

 

[RWB]

That eagle should be wearing a heavy coat -- or at least a blanket. And where are the icicles?

[Mr.Bill347]

On 2/15/2021 at 3:51 PM, kenlee47 said:

😮

My Morgan finally got shipped today !. Final grade is VF35 Not totally disappointing but hoped for more.

grading shows value of $50. On a more positive note the 1921 Morgan score an MS63 and the 1922 Peace dollar scored ms63  finally the 108 Silver Eagle scored MS67,so all in all not a bad day for me at NGC.

These coins were submitted under economy grading and received by them on December 29th.  I'm glad I submitted them.

 

 

[RWB]

More like $60-65 in VF. Did you send it in as the Philadelphia overdate?

Edited February 17, 2021 by RWB

[Mr.Bill347]

No I don’t even know about overdate

[RWB]

2 minutes ago, Mr.Bill347 said:

No I don’t even know about overdate

Well, that's a very nice bonus. The overdate is not rare, but it is still a very small part of a large mintage. Also, the 6 is difficult for many to see. Good of NGC to identify it for you.

[MarkFeld]

I don’t know about the silver Eagles, but considering the grading fees for the dollars, you probably could have netted more by selling them without getting them graded. In other words, I don’t think the grading fees will be recouped in the way of added value that would make up for the added cost.

[Mr.Bill347]

Probably just barely but I’ve wanted them graded as I’ve had the Morgan’s and Peace dollars for 20 years. I just popped for the ASE “w” proof limited to 337,440 and got one. I have to send that one in for sure. Just a pleasure collector but someday the grandchildren will enjoy them.

[BearlyHereBear]

15 hours ago, RWB said:

Well, that's a very nice bonus. The overdate is not rare, but it is still a very small part of a large mintage. Also, the 6 is difficult for many to see. Good of NGC to identify it for you.

This is why I almost exclusively buy slabbed coins.  I'm not smart enough too buy them raw....with a few exceptions.

Edited February 18, 2021 by BearlyHereBear

[Alex in PA.]

1 hour ago, BearlyHereBear said:

I'm not smart enough too buy them raw.

Me too Bear; me too.