I have an unusual error I need to ask about.
It is an 1883-O Morgan dollar certified as MS-64 by NGC. Common date and condition. No biggie.
HOWEVER, the label put on the slab by NGC clearly says 1882-O instead of 1883-O. I believe this is the only labeling error like this that I’ve ever seen on a NGC or PCGS coin.
Without saying “it’s worth what someone will pay for it” (too obvious), what do you think something like this should sell for? If it makes any difference, the serial number is 315259-019.
Unusual Error- What is this Worth?
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Unusual Error- What is this Worth?
by Recyclersteve » Thu Jan 18, 2024 2:24 am
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
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Re: Unusual Error- What is this Worth?
by 68Camaro » Thu Jan 18, 2024 7:41 am
I suggest it might be a deduction from the value rather than an enhancement.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
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The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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Re: Unusual Error- What is this Worth?
by TXSTARFIRE » Thu Jan 18, 2024 9:17 am
There is probably someone somewhere that collects that type of error.
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Re: Unusual Error- What is this Worth?
by Recyclersteve » Fri Jan 19, 2024 1:45 am
I myself would have never bought it if it wasn’t for the mistake.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
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Re: Unusual Error- What is this Worth?
by Silver4face » Sat Jan 20, 2024 9:30 am
Recyclersteve wrote:I myself would have never bought it if it wasn’t for the mistake.
One small, friendly piece of advice: BUY THE COIN, NOT THE HOLDER.
Buy rolls NOW while you still can!
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Re: Unusual Error- What is this Worth?
by Recyclersteve » Sat Jan 20, 2024 1:50 pm
I didn’t pay any premium for the holder- thankfully.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
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Re: Unusual Error- What is this Worth?
by shinnosuke » Mon Jun 17, 2024 2:38 pm
- Screenshot 2024-06-17 at 2.36.31 PM.png (207.26 KiB) Viewed 2458 times
https://www.ngccoin.com/certlookup/315259-019/64/
Interesting. Why don't you send a picture of it to NGC?
When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them... (Thomas Jefferson)
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