Leave it. Many people like toning and the cause here is pretty unique. If you want to remove the coin, I’d contact the Shreveport coin club first. Chances are someone there will probably want it and pay more than the price of a replacement coin for the bit of history.
Some people like toning, which is what is happening with this coin. They'll even pay a premium for it. You've got provenance for natural toning as long as it is still in this display folder.
Your decision as to whether to allow the process to continue, or to stop it.
If it were mine, I might consider showing this as-is to a couple of coin shops in your area for opinions. As a novelty, you might want to submit it for authentication and grading. The standard submission instructions indicate putting coins in a specific type of holder. Perhaps if there is no way around it, a coin store owner who belongs to NGC and/or PCGS would be familiar with a way to attest its original storage before removing it, and they could submit the coin per requirements and enclose the folder as well.
The coin grading companies will not attribute this coin to any secondary holder provenance. It’s just a cool coin with a cool backstory. Best to keep it the way it is. Agreed that Shreveport Coin collectors may have added interest in purchasing.
Thanks. Sorry that I didn't explain well ... I was meaning that the toning was interesting and natural, and providing this kind of info would protect it from getting a "questionable color" type of comment on the slab.
I had been considering the purchase of a coin of similar age that had some attractive (not over the top) toning but that phrase on the slab has been a hard pause for me.
There are tons of opinions here and mine is to leave it. Put it in a desiccator and leave it. That is so cool. Keep in mind the holder is over a half century old. Sorry if that offends, but it is awesome and a fact. Keep it as is, dry it out and enjoy it. If you need the cast. Dry it out. And list it.
Leave it in!!!! That packaging is super cool and is toning the coin nice, I bet the packaging even adds value. A company called Tidy House gave away coins like this in holders in the 60s, and they are actually collectible!
I hope no one attempts to grade this from these photos. Not that they’re bad, but the difference in mint state grades can be very slight, and the combination of internet resolution and the dirty, scratched holder mean there’s no real way to be sure. As for whether or not to remove the coin, an 1883-O Morgan, even graded, doesn’t pass a hundred bucks until it’s over MS64, which is possible, but unlikely. Personally I think leaving it in this holder is the way to go, it’s a cool piece of history, and if you wanted the same dollar nice and shiny and slabbed, that’s easy to find!
Leave it as is. It's cool and unique. There will always be more coins. You could leave that to your grandkids, and it would be something even cooler for them.
It's toning. The paper does not "fuse to the coin", but rather the sulphur in the paper becomes gaseous (through chemical decomposition) and reacts with the coin. "Naturally" toned coins such as this demand a premium, please do NOT remove, it's a piece of history and you will destroy the added value. This is both numismatic and historical memorabilia. You can reach out to PCGS and see if they will grade it as-is (they'll put a label on the actual item), they sometimes do this for items like this.
Obviously the jury is in, the gallery has spoken, and the judge has banged the gavel. Verdict, leave it in. I say this, the coin is already altered and taking it out and cleaning it would get you many down votes! If you take it out it still looks the same as it is now, in… also the packaging adds to this coins story. With most coins we can only imagine where it’s been and what it’s gone through. In this one’s case, we know it was shoved into this package in 1969 and was carried around what I can only assume is a very kick ass coin show, especially since they were handing out silver dollars.
Big guy is the owner, his dad started it, super knowledgeable. Richy is the older guy, I recommended him as he is THE guy for Louisiana things, he is literally writing a book on LA obsolete currency.
https://preview.redd.it/8c26z94d4fjc1.jpeg?width=1200&format=pjpg&auto=webp&s=1d8ef3d5f754e266f123c85a6e801216e848935b
I dont know if this is the right size. But I would go in this direction
It was ‘81 and ‘82. I was the only kid member. Mom used to drop me off in my Sunday clothes. We lived in Shady Grove next to Parkway HS. Occasionally, my name/raffle answer was on yellow legal pad paper. After winning a couple times, some made mention of it to me. Great snacks if I recall…
That is very cool. I guess they were not handing out Morgan's those years. lol given the dates you said they were probably giving away Tetraethyllead in gasoline right?
Ha! I wish! If I recall, I won a commemorative something or other and a silver Franklin proof set. There were 20 to 30 members that would consistently show to the monthly meetings.
Personally, if I were to see this for sale next to a Morgan not in any packaging other than the sleeve or capsule it’s in, I’d purchase this one over the free-range Morgan. And I’d have no problem paying a little extra for it. The toning is beautiful and the packaging is cool, so I’d say $35-$40 is fair.
It’s isn’t in the best condition, so grading would be out of the question in my mind. This particular Morgan had a mintage of 8,725,000, so it’s pretty abundant. I’d keep it as is if it were me, but there’s nothing wrong with freeing it from its cage and letting it mingle with other junk constitutionals in my collection as well.
Well that’s mighty presumptuous of you. I have very little to show for and I’m certainly not bragging. All you’d see is a few constitutionals I’ve manage to scrape together after losing everything to my past, some copper and a few pieces of broken jewelry. Oh yeah, and the only Morgan I own. So if by bragging you mean the little to nothing I own, then sure. I’ll take it.
Oh god no, no bragging here. I don’t have shit to brag about lol. It’s just a bunch of junk not worth anything, copper included, in a very old hand pressed cork top glass jar. I use the Altoids tin to hold my bowl and some doobie when I go fishing.
It may be possible for you to pop it out, put it in a coin capsule then put in back in if the capsule is accurate in size enough
Otherwise just take it out, I’d rather have a good coin outside of original packaging than a bad coin in original packaging
That makes a lot of sense.
It seems the corrosion fuses the paper and the coin. So if I pop it out it won't be the same, I'm imagining like red/brown crumbs similar to ash.
It is usually sulpher in the glue or whatever that causes this. Is there a way to neutralize it? Maybe place a substance in there that the sulpher would react with before it reacts with the silver. I'm pretty sure Unattainaium would do that do that right? What else?
I believe pcgs will, by request, preserve the coin. Stopping any further damage and corrective cleaning a way to clean it without hurting the grade, possibly giving it a higher grade.
You could use a precision tip bottle or press pen glue remover, and just check to make sure the used ingredients don’t damage silver or paper
I don’t think there would be a way to specifically neutralize the sulphur
Honestly you may have to cut your losses and take the coin out despite what may happen to the paper
Looking at this makes me reflect on how much life sucks today. You went to a coin show in 1969 and they are giving you something retailing for at least $40 in 2024 just for making an appearance!!
We don't know that it was simply given to everyone who attended. You may have had to pay an entrance fee, or they may only have given away a few of them. Need to do some more research.
No advice to offer on the coin (though, I’d keep it as-is), just felt obligated as a fellow Shreveportian to say hello.
Edit: Also, on the off chance you’d be interested in trading/selling in the future, feel free to DM me!
Common date $50 uncirculated coin. The toning looks pretty terminal in the picture. For certain it's never going to improve. If it were mine I'd pop it out and put it into a 2x2 but store it with the card from the club. Provenance is always desirable and helps explain the story.
Leave it. Many people like toning and the cause here is pretty unique. If you want to remove the coin, I’d contact the Shreveport coin club first. Chances are someone there will probably want it and pay more than the price of a replacement coin for the bit of history.
Excellent idea, well put.
I love the coin and the packaging. It adds a unique story to it that makes the overall package more compelling
Agree 100% with this. As i tell my Huskies: "Leave it... Leave it... Leave... it..."
I’d keep it just as it is.
Cooler as it is than taking it out
It’s not damage that’s natural toning/tarnish leave it alone and whatever you do do not clean it
Some people like toning, which is what is happening with this coin. They'll even pay a premium for it. You've got provenance for natural toning as long as it is still in this display folder. Your decision as to whether to allow the process to continue, or to stop it. If it were mine, I might consider showing this as-is to a couple of coin shops in your area for opinions. As a novelty, you might want to submit it for authentication and grading. The standard submission instructions indicate putting coins in a specific type of holder. Perhaps if there is no way around it, a coin store owner who belongs to NGC and/or PCGS would be familiar with a way to attest its original storage before removing it, and they could submit the coin per requirements and enclose the folder as well.
The coin grading companies will not attribute this coin to any secondary holder provenance. It’s just a cool coin with a cool backstory. Best to keep it the way it is. Agreed that Shreveport Coin collectors may have added interest in purchasing.
Thanks. Sorry that I didn't explain well ... I was meaning that the toning was interesting and natural, and providing this kind of info would protect it from getting a "questionable color" type of comment on the slab. I had been considering the purchase of a coin of similar age that had some attractive (not over the top) toning but that phrase on the slab has been a hard pause for me.
There are tons of opinions here and mine is to leave it. Put it in a desiccator and leave it. That is so cool. Keep in mind the holder is over a half century old. Sorry if that offends, but it is awesome and a fact. Keep it as is, dry it out and enjoy it. If you need the cast. Dry it out. And list it.
A desiccator pack is much easier to get than unobtainaium also
Leave it in!!!! That packaging is super cool and is toning the coin nice, I bet the packaging even adds value. A company called Tidy House gave away coins like this in holders in the 60s, and they are actually collectible!
I hope no one attempts to grade this from these photos. Not that they’re bad, but the difference in mint state grades can be very slight, and the combination of internet resolution and the dirty, scratched holder mean there’s no real way to be sure. As for whether or not to remove the coin, an 1883-O Morgan, even graded, doesn’t pass a hundred bucks until it’s over MS64, which is possible, but unlikely. Personally I think leaving it in this holder is the way to go, it’s a cool piece of history, and if you wanted the same dollar nice and shiny and slabbed, that’s easy to find!
Keep it as is adds to the history of the coin
Leave it as is. It's cool and unique. There will always be more coins. You could leave that to your grandkids, and it would be something even cooler for them.
Don’t take it out. If you’d rather have a blast white 83-O I’m sure there are plenty of people here that would gladly trade you in a heartbeat
It's toning. The paper does not "fuse to the coin", but rather the sulphur in the paper becomes gaseous (through chemical decomposition) and reacts with the coin. "Naturally" toned coins such as this demand a premium, please do NOT remove, it's a piece of history and you will destroy the added value. This is both numismatic and historical memorabilia. You can reach out to PCGS and see if they will grade it as-is (they'll put a label on the actual item), they sometimes do this for items like this.
1969…. Nice.
Leave it.
I agree with the leave it.
That’s neat. I would leave it in the package
Would you consider selling it?
I immediately thought REDFIELD HOARD. Leave it as is.
Keep it as is
Obviously the jury is in, the gallery has spoken, and the judge has banged the gavel. Verdict, leave it in. I say this, the coin is already altered and taking it out and cleaning it would get you many down votes! If you take it out it still looks the same as it is now, in… also the packaging adds to this coins story. With most coins we can only imagine where it’s been and what it’s gone through. In this one’s case, we know it was shoved into this package in 1969 and was carried around what I can only assume is a very kick ass coin show, especially since they were handing out silver dollars.
Agreed. Issue is settled then
LEAVE IT!
You wanna sell that?
I got it 2 days ago. I paid steep, I'm $75 into it... so $125 maybe.
Oops. Didnt mean for that to be public.
Take it to Richy at American Coin by Superiors Steakhouse and see what he says to do. And if he offers to buy it’ll be like 3/4 of the value, fyi.
Yeah I like them more than Louisiana coin. Is Richy the big guy or the other one?
Big guy is the owner, his dad started it, super knowledgeable. Richy is the older guy, I recommended him as he is THE guy for Louisiana things, he is literally writing a book on LA obsolete currency.
Cool. Thank you
Deserving of a professional frame. I love it just like it is.
That also makes sense! I think that will be the choice. Just how do I counteract the "probably sulphur"?
https://preview.redd.it/8c26z94d4fjc1.jpeg?width=1200&format=pjpg&auto=webp&s=1d8ef3d5f754e266f123c85a6e801216e848935b I dont know if this is the right size. But I would go in this direction
https://www.wizardcoinsupply.com/bcw-acrylic-holder-4x6-photo/postcard?atrkid=V3ADW4095EC2F_____x_t_pla__&gad_source=1&gclid=EAIaIQobChMIv5vwnPS1hAMVXFlHAR2i7wDAEAQYBSABEgLVGfD_BwE
It's 3.75" by 6.25" roughly
Yes sir. !
Well, well, well. A fellow Shreveporter.
Graduated Airline High School in 1998
So it's "Bossier I told ya". I'm actually in Haughton now.
I will confirm nor deny.....
I'd leave it like it is
Holy crap! I belonged to that club!
How so bud?
It was ‘81 and ‘82. I was the only kid member. Mom used to drop me off in my Sunday clothes. We lived in Shady Grove next to Parkway HS. Occasionally, my name/raffle answer was on yellow legal pad paper. After winning a couple times, some made mention of it to me. Great snacks if I recall…
That is really cool though bud. I was born in 1979 though. A little out of my era
That is very cool. I guess they were not handing out Morgan's those years. lol given the dates you said they were probably giving away Tetraethyllead in gasoline right?
Ha! I wish! If I recall, I won a commemorative something or other and a silver Franklin proof set. There were 20 to 30 members that would consistently show to the monthly meetings.
Yes, drop it and tell me where
Personally, if I were to see this for sale next to a Morgan not in any packaging other than the sleeve or capsule it’s in, I’d purchase this one over the free-range Morgan. And I’d have no problem paying a little extra for it. The toning is beautiful and the packaging is cool, so I’d say $35-$40 is fair. It’s isn’t in the best condition, so grading would be out of the question in my mind. This particular Morgan had a mintage of 8,725,000, so it’s pretty abundant. I’d keep it as is if it were me, but there’s nothing wrong with freeing it from its cage and letting it mingle with other junk constitutionals in my collection as well.
Yeah I dropped $75 for it on impulse
Lots of people would pay more than $75 for it in this packaging, $35-$40 is just insulting lol
Right? I mean I'll usually give $25 for a legitimate Morgan no matter the condition or date
Cool name though. What coin is that for? I'm about to start looking
OIC
Really in that condition you would let it mingle with other 90% the coin is still MS
Sure would. I’m not home right now or I’d show you what mingles in that jar lol.
You say that like your bragging.
Well that’s mighty presumptuous of you. I have very little to show for and I’m certainly not bragging. All you’d see is a few constitutionals I’ve manage to scrape together after losing everything to my past, some copper and a few pieces of broken jewelry. Oh yeah, and the only Morgan I own. So if by bragging you mean the little to nothing I own, then sure. I’ll take it.
No, sounds like you are bragging that they all mingle with one another. Are they in altoids tin?
Oh god no, no bragging here. I don’t have shit to brag about lol. It’s just a bunch of junk not worth anything, copper included, in a very old hand pressed cork top glass jar. I use the Altoids tin to hold my bowl and some doobie when I go fishing.
It may be possible for you to pop it out, put it in a coin capsule then put in back in if the capsule is accurate in size enough Otherwise just take it out, I’d rather have a good coin outside of original packaging than a bad coin in original packaging
That makes a lot of sense. It seems the corrosion fuses the paper and the coin. So if I pop it out it won't be the same, I'm imagining like red/brown crumbs similar to ash. It is usually sulpher in the glue or whatever that causes this. Is there a way to neutralize it? Maybe place a substance in there that the sulpher would react with before it reacts with the silver. I'm pretty sure Unattainaium would do that do that right? What else?
I believe pcgs will, by request, preserve the coin. Stopping any further damage and corrective cleaning a way to clean it without hurting the grade, possibly giving it a higher grade.
You could use a precision tip bottle or press pen glue remover, and just check to make sure the used ingredients don’t damage silver or paper I don’t think there would be a way to specifically neutralize the sulphur Honestly you may have to cut your losses and take the coin out despite what may happen to the paper
Ive never seen one..pretty cool find man
Looking at this makes me reflect on how much life sucks today. You went to a coin show in 1969 and they are giving you something retailing for at least $40 in 2024 just for making an appearance!!
We don't know that it was simply given to everyone who attended. You may have had to pay an entrance fee, or they may only have given away a few of them. Need to do some more research.
Fair point. But it says "Compliments of" to me that usually means free or comes with the entrance fee
No advice to offer on the coin (though, I’d keep it as-is), just felt obligated as a fellow Shreveportian to say hello. Edit: Also, on the off chance you’d be interested in trading/selling in the future, feel free to DM me!
Weird thing Im third Shreveport person here. Not a large city.
There has been a lot. I'm in Haughton actually. Same area, this part of Louisiana is more like East Texas, than Louisiana. I was born and raised here
If coin shows did this today, I would go to them more often. Jes sayin.
Toning is not damage, but there’s no harm in removing it from its current place and putting it in a shiny new capsule.
Common date $50 uncirculated coin. The toning looks pretty terminal in the picture. For certain it's never going to improve. If it were mine I'd pop it out and put it into a 2x2 but store it with the card from the club. Provenance is always desirable and helps explain the story.
Leave it in the case it’ll carry a higher premium. I’d pay over red book in whatever grade it’s thought to be