Popular Post J P M Posted December 13, 2022 Popular Post Share Posted December 13, 2022 I did picked up another Morgan for the Registry set Sunday.. It's a little dirty on the rim... they call it toned ?? but the price was right........... Now only 5 of the big ones left Rummy13, Coinbuf, Mr.Bill347 and 6 others 9 Link to comment Share on other sites More sharing options...
EagleRJO Posted December 13, 2022 Share Posted December 13, 2022 (edited) On 12/13/2022 at 9:45 AM, J P M said: It's a little dirty on the rim... they call it toned ?? Yea, that is "toned". For that one I got a BU grade slabbed by NGC as a "Stage Coach" Morgan, even though I was looking for a raw one. I am just missing the CC mint for that year, which I have been shopping around for as it's a little pricey in my target minimum VF/XF grade. Edited December 13, 2022 by EagleRJO GoldFinger1969 and rrantique 2 Link to comment Share on other sites More sharing options...
EagleRJO Posted December 13, 2022 Share Posted December 13, 2022 On 12/13/2022 at 9:45 AM, J P M said: Now only 5 of the big ones left Which 5 are you missing? Link to comment Share on other sites More sharing options...
J P M Posted December 13, 2022 Author Share Posted December 13, 2022 On 12/13/2022 at 1:02 PM, EagleRJO said: Which 5 are you missing? I was kind of joking on the tone seeing it is ever so slight .I do have a few toned Morgan's, though not many Jo. I still need the 1891-1895. I may be able to get the 91 for a reasonable price and maybe even the 92 but the 3-4 and 5 are never cheap in MS. I may have to shop for a while to find those in my budget or buy ungraded and send them in to NGC to save a dollar or two. GoldFinger1969 1 Link to comment Share on other sites More sharing options...
The Neophyte Numismatist Posted December 13, 2022 Share Posted December 13, 2022 Nice coin, JP. I like the toning, and its just a nice looking coin. GoldFinger1969 1 Link to comment Share on other sites More sharing options...
Fenntucky Mike Posted December 13, 2022 Share Posted December 13, 2022 I'm not a fan of Morgan's but I like the look of this one, the rim toning 'frames' the coin nicely. Link to comment Share on other sites More sharing options...
jimbo27 Posted December 14, 2022 Share Posted December 14, 2022 Hey JP, nice coin, is your registry set public, if so which one. Link to comment Share on other sites More sharing options...
EagleRJO Posted December 14, 2022 Share Posted December 14, 2022 (edited) On 12/13/2022 at 2:18 PM, J P M said: he 3-4 and 5 are never cheap in MS. I may have to shop for a while to find those in my budget or buy ungraded and send them in to NGC Are you considering maybe an XF or AU for some of the more expensive ones, or are you shooting for all MS for the collection? [I have a feeling it's a target all MS from other coins you have posted ... ] Edited December 14, 2022 by EagleRJO Link to comment Share on other sites More sharing options...
Popular Post J P M Posted December 14, 2022 Author Popular Post Share Posted December 14, 2022 (edited) On 12/13/2022 at 10:19 PM, EagleRJO said: Are you considering maybe an XF or AU for some of the more expensive ones, or are you shooting for all MS for the collection? [I have a feeling it's a target all MS from other coins you have posted ... ] Yes I am trying to go for one of every year MS. Two of the years 1878 and 1900 I bought VAM's because they were both top 100 and I wanted them just for that reason. It also breaks up the set nicely having a couple lower grade coins Edited December 14, 2022 by J P M EagleRJO, jimbo27 and GoldFinger1969 3 Link to comment Share on other sites More sharing options...
Popular Post J P M Posted December 14, 2022 Author Popular Post Share Posted December 14, 2022 On 12/13/2022 at 8:13 PM, jimbo27 said: Hey JP, nice coin, is your registry set public, if so which one. It is Jimbo It is listed as, JP's Morgan's it is not a very low number on the list 509 but I think It is good enough for the prices I got them for . jimbo27, GoldFinger1969, Rod D. and 1 other 4 Link to comment Share on other sites More sharing options...
EagleRJO Posted December 14, 2022 Share Posted December 14, 2022 On 12/14/2022 at 9:52 AM, J P M said: Yes I am trying to go for one of every year MS. Two of the years 1878 and 1900 I bought VAM's because they were both top 100 and I wanted them just for that reason. It also breaks up the set nicely having a couple lower grade coins. I have a good variety of grades in my complete Morgan collection from VF30 to MS64, and they are almost all raw coins with quite a number that are graded BU which is my favorite grade. Link to comment Share on other sites More sharing options...
GoldFinger1969 Posted December 14, 2022 Share Posted December 14, 2022 Any reason why that coin was graded "BU" by NGC with no grade ? Was it one of those things where you get a bulk discount if you eschew a numerical grade and just go for a more general classification ? Link to comment Share on other sites More sharing options...
EagleRJO Posted December 15, 2022 Share Posted December 15, 2022 The BU Stage Coach Morgans are likely the result of a combination of bulk grading submittals by a very large dealer and a marketing collaboration. A bulk submittal of say a bank bag full of a certain coin by a large dealer can include a request that they be pre-screened to pull out any coins that would not grade above an MS-XX (fill in the "XX" depending of the dealer's desired cut-off point). Those pulled coins are then just graded BU and put into special holders like the Stage Coach Morgan I posted. This is done to save money on the grading fees and provide the TPG with some marketing. I have seen this done with both NGC and PCG$ for BU Stage Coach Morgans, and for other coins too like a $20 Saint-Gaudens graded BU and marketed as a "Prospector Label" like the attached. Link to comment Share on other sites More sharing options...
