Frff Posted February 17 Share Posted February 17 I'm very rude to coin collecting but it is overtaken my life LOL I have a question so I recently bought on 1892 S silver Morgan it is rated at a VG 10 now the details State cleaned edge in rims damaged scratched can I still go buy my value guide and look up bg-10 to determine the price or has the cleaning and edge damage devalued it Link to comment Share on other sites More sharing options...
powermad5000 Posted February 17 Share Posted February 17 On 2/17/2024 at 5:29 PM, Emmure said: I'm very rude to coin collecting Darn autocorrect! When it comes to details coins, you can refer to the price guides for the value on what an unimpaired specimen is valued at (in this case a coin at VG 10) to obtain a "base" price. The details price would/should be at an appropriate discount of that base price depending on what the impairment is. The more impairments, the lower the value continues to go. Basically, impaired coins with details grades generally lose 1/3 of the value of an unimpaired specimen. A coin such as this with multiple impairments could lose as much as 2/3 of the value of one unimpaired. Sandon 1 Link to comment Share on other sites More sharing options...
Halbrook Family Posted February 18 Share Posted February 18 On 2/17/2024 at 3:38 PM, powermad5000 said: Darn autocorrect! When it comes to details coins, you can refer to the price guides for the value on what an unimpaired specimen is valued at (in this case a coin at VG 10) to obtain a "base" price. The details price would/should be at an appropriate discount of that base price depending on what the impairment is. The more impairments, the lower the value continues to go. Basically, impaired coins with details grades generally lose 1/3 of the value of an unimpaired specimen. A coin such as this with multiple impairments could lose as much as 2/3 of the value of one unimpaired. So this coin would be worth about what? $50 ?? $100? Link to comment Share on other sites More sharing options...
Halbrook Family Posted February 18 Share Posted February 18 It's up there as one of rarer Morgan's. If it was sent to NGC or PCGS do you think it would get the same grade? Link to comment Share on other sites More sharing options...
Sandon Posted February 18 Share Posted February 18 (edited) @edhalbrook--The 1892-S can only be considered scarce in AU condition and rare in uncirculated grades, although it commands a significant premium in grades of Very Fine or higher. It is not at all difficult to find in low grades like this. NGC and PCGS don't give numerical grades to impaired coins, so it would be graded no better than Very Good details. It is clearly "cleaned" and damaged and looks barely Very Good to me. It might only be graded "Good details" at NGC or PCGS. I would estimate the retail value at no more than $35. Edited February 18 by Sandon powermad5000 1 Link to comment Share on other sites More sharing options...
powermad5000 Posted February 18 Share Posted February 18 I agree with @Sandon when it comes to this coin @Halbrook Family. If you look up this coin in the price guide, its value drops off precipitously from AU 50 down to just XF. It is a $1,000 difference right there between those two grades. In the NGC price guide for an unimpaired VG is listed at only $75. With the numerous impairments to this coin, I would think a dealer would only offer about $30. EagleRJO 1 Link to comment Share on other sites More sharing options...
Henri Charriere Posted February 25 Share Posted February 25 I can see those who weighed in, clearly knowledgeable in their own right, assiduously avoiding mention of the loaded term m-e-l-t, as in marginally more than silver melt. 🤔 Link to comment Share on other sites More sharing options...
