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Hunting for Crossovers (Graded Morgans)

by: 18wheels61( 164Feedback score is 100 to 499)
0 out of 1 people found this guide helpful.
Guide viewed: 395 times Tags: Morgan dollars | coin collecting | silver dollars


Although I bid on all sorts of Morgan Silver Dollars, for whatever price, I've found that "Hunting" and Bidding (or BIN) on oddball graded Morgans to be somewhat exciting. The Risk is somewhat higher, thus, it seems like more of an adventure. Yes, there are some people, maybe not many, but some, who for whatever reason, simply want to sell a coin for whatever they can get. Perhaps they need some quick Cash, or they simply don't care, but whatever the reason, there are deals to be made.There are some days I will spend hours searching the listings with no results. Most of the listings on Ebay are either from dealers or collectors who are offering there coins at fair market value, or a few rip off artists trying to squeeze as much cash from there measly offerings as they can get, But every now and then, if you have the patience, and use a little imagination, you can score a key date or semi key date in a higher grade for a very reasonable price. Every now and then, I'll type in "sliver" instead of "silver"or some other mispelling, and sure enough something will pop up.It may not be the deal of the century, but if you do the math, how many people are going to hit on a mispelled listing?.My newest fascination is oddball graded Morgans,Which by definition are morgans graded by companies nobody has ever heard of. Say you see an 1884S Graded by "Joe Blow's" Grading service and the reserve is like 50 bucks or so, the stated Grading is MS-67 and nobody is bidding on it, why?, because nobody believes some knucklehead is going to part with a morgan worth tens of thousands of dollars for 5o bucks.It may be a fake, or more probebly it's a severely overgraded coin.However if you look closely, that MS-67 may just be an MS-60 or AU-58, which is still worth a heck of a lot more than 50 bucks. This is just broad scenario, but you get the point.Now, I've seen many many oddball offerings on ebay for MS-67 this or MS-66 that, and of course most of them would never grade that high if you sent them to one of the "Big Three", But if you keep your trusty "Red Book" handy and look closely you may spot a deal. It is risky, however there is always some kind of risk factor when your buying anything online.But it's also part of the fun too.


Guide ID: 10000000003944934Guide created: 07/06/07 (updated 12/04/07)

 
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