Found Collection

Please advise. Thank you for your help.

Dale

Please advise. Thank you for your help.
 >>

I am a long time dealer, a regular on this forum. A coin described as BU will
generally be a MS-60. A MS-60 is NOT a pretty coin. It will have major
scratches and marks and hits, especially and PARTICUARLLY if it's a heavy coin
such as a silver dollar. It would be unrealistic to ask for one without
scratches, as even a MS-65, about 4 or 5X the price or som there will still be
scratches, just not as many or as deep.It'll be prettier, though, so if the
dealer is willing see if he'll sell you a common date Morgan Dollar, certified
by PCGS or NGC in MS-65, for about $125 or so. You'll be much happier!

Ira

So let me ask this way: Are a 1921p Morgan and 23p Peace dollar worth
$15 each in" Brilliant Uncirculated" condition? Actually they ARE
pretty coins, just more scratches than I expected for a "BU". Will
coins such as these go up in value, or would I be better off to return
them and buy, say, an MS64 '21 P Morgan for $55? Is $15 each a good
price for "BU" dollars of nonvaluable dates?

Their concept of "BU" and yours (and anyone else's with a brain) are
probably wildly different..

The 1921P Morgan and the 1923P Peace are both high mintage, common, and not
expensive to buy slabbed at the MS64 level.. at least a 1923P Peace in an
MS64 slab (I have one) can be had for about $35.00.. (which is about what I
paid for mine)..

$15.00 each would be a very good price for each if they would actually grade
MS64, which in all probability, they wouldn't.. if, as I said, you are
talking about the kind of "BU" coins that those big display ad dealers
sell..

Harv

So let me ask this way: Are a 1921p Morgan and 23p Peace dollar worth
$15 each in" Brilliant Uncirculated" condition? Actually they ARE
pretty coins, just more scratches than I expected for a "BU". Will
coins such as these go up in value, or would I be better off to return
them and buy, say, an MS64 '21 P Morgan for $55? Is $15 each a good
price for "BU" dollars of nonvaluable dates?

 >>

Well, that's another story! At that price for TWO coins I believe I can say
with some degree of confidence that the coins are probably NOT BU! They're
likely AU at best, particularly if you bought from a dealer whose multipage ads
in the front  of Coin World or NN!

Return, them, and buy at least MS-64s from a more reputable dealer, as Harv
Laser also suggested.

Ira

And those "scratches" just might be something more than just
scratches.

--
Stu Miller
ICQ:159336182 AIM:stujoe Yahoo:stujoe
The Stujoe Collection: http://www.thestujoecollection.com
RCC FAQ: http://www.telesphere.com/ts/coins/faq2.html

What is worse is the multi-page advertisers who make-up their own adjectives;
e.g. The Coin Depot, who use
"choice borderline uncirculated* instead of "almost uncirculated"  AU-53 or
AU-55.  

Numismatic News' advertising policy states "The adjectival abbreviations and
numerical designations applied are required to conform to the consensus
interpretation of the industry accepted standards for the comparative
descriptions detailed in the "Official ANA Grading Standards for United States
Coins", unless it is specifically noted that other guidelines have been
invoked.

The Coin Depot's terms state:

"2. Grading by Photograde and best interpretation of market standards."

I doubt "borderline uncirculated" appears in Photograde, and calling that a
"market standard" is deceptive, at best, IMO.

--
mark
"the future will be a lot like now, only later."

--
RARE COIN AUCTIONS NO MINIMUMS  http://frankcoins.com
Ebay Powerseller FRANKCOINS    Texas Auction License 11259
Board member of Texas Coin Dealers Association, Fort Worth Coin Club.
Member: Texas Numismatic Assoc, American Numismatic Assoc.

Bruce

--
Stu Miller
ICQ:159336182 AIM:stujoe Yahoo:stujoe
The Stujoe Collection: http://www.thestujoecollection.com
RCC FAQ: http://www.telesphere.com/ts/coins/faq2.html