Master Of Coinage

Member
  • Content Count

    24
  • Joined

  • Last visited

Journal Entries posted by Master Of Coinage

  1. Master Of Coinage
    This is my first Journal Post, so please bear with me. I'm in a quandary
    I purchased a rare 1893-O Morgan in AU53 from one dealer's website and the pictures were great and the price reasonable.. I cannot afford anything over a AU53. Once I received this AU53 Morgan it did have pretty good eye appeal without magnification. It is more "white" when looking at it with my bare eye. However, under 7x magnification is EXTENSIVELY bagmarked which takes away from its eye appeal in my opinion.  Now, along my internet travels, along comes a 1893-O Morgan from another dealer's internet site that is an AU50 but with a CAC sticker at a $55 discount to what I paid for the AU53. The picture is just "OK" with the coin showing some black rub and some distracting marks, but now I know now that an internet picture can be made to look anyway the photographer wants it to look. So, this AU50 is CAC-stickered but, in my opinion from the picture, the eye appeal isn’t as nice with the black rub and all. Now the quandary. I can still return the AU53 with no financial penalty so I don't know what to do. Does a CAC sticker tell the buyer that much or add that much value if/when I decide to sell? Do collectors out there buy for eye appeal or potential resale value down the line?  Should I just hold out until I can afford a Mint State 1893-O? if you can't tell already, I'm new to coin collecting, so any guidance/opinions are really appreciated as is your opinion on how or what to do to solve my quandary.
    Thank you in advance