Navigating the Sale of Mid-Grade Double Eagles: My Personal Insights
June 16, 2025My Exploration of the 1903 Barber Dime: Grading, Conservation, and Collecting Wisdom
June 16, 2025
Lately, I’ve been spending more time with Morgan dollars, and the 1886 GTG has really grabbed my interest. As a collector, what draws me to these coins is their history and the passionate discussions they spark about grading. I’d like to share my perspective on this particular piece based on handling similar Morgans over the years.
Grading Insights and Key Observations
When I first examined this 1886 Morgan, the grading conversation jumped right out at me. From what I’ve seen, it usually settles around MS64 because of a couple persistent issues. Here’s what stands out:
- A noticeable mark on Liberty’s jawline—that’s always been a tricky spot that tends to pull grades down
- A scratch running across the eagle’s chest on the reverse, adding enough wear to keep it shy of gem status
I’ve come across examples like this slabbed as MS65, but personally, those marks seem too significant to overlook. It reminds me of a PCGS MS65 I once held with a deep gouge that made me wonder—grading really does come down to individual eyes. That’s why I always recommend studying coins closely yourself before buying.
Market Appeal and Toning Effects
Where this coin shines is in its delicate rim toning. Over time, I’ve noticed how even subtle toning can transform a common Morgan into something special. That soft color rim adds character that speaks to toning enthusiasts, often bumping up interest and value. I’ve watched coins with similar toning patterns fetch 10-20% premiums at auction—something to remember if you’re building a focused collection.
Practical Advice for Collectors
If you’re considering a coin like this, here’s what I’d suggest. First, never settle for fuzzy photos when buying online—get clear shots of critical areas like Liberty’s jaw and the eagle’s breast. Second, follow the market: toned Morgans continue to attract strong interest, so they’re worth watching. And third, give the grading process space—waiting for that slab can test your patience, but it’s better than buyer’s remorse. Happy hunting—that’s where the real excitement lives for us collectors!
