1902-O Morgan Dollar VAM-8.

NEIL'S COINS
7 Mar 202407:36
EducationalLearning
32 Likes 10 Comments

TLDRThe speaker discusses a comment on a previous video about Morgan dollar coins, specifically addressing a variety on one of the coins. They clarify that the coin does indeed have a VAM 8 O over O mint mark variety, which can increase its value. The video goes on to explain the importance of recognizing coin varieties, as they can significantly affect a coin's worth. The speaker shares their experience with a 1972 D Kennedy half dollar and plans to get it certified with its variety, highlighting the potential increase in value from $20 to $400 with the correct variety attribution.

Takeaways
  • πŸ” The speaker discusses a comment on a previous video about Morgan dollar coin varieties and a specific coin with an over variety.
  • πŸ’° The coin in question was sent in by someone who submitted 20 coins at once, receiving grades of 63, 64, and 62 for this particular coin.
  • πŸ“ˆ The speaker identifies the coin as a VAM-8 O over O mint mark, a variety that can be verified on VAM World but is not displayed unless paid for.
  • πŸ€‘ The presence of a significant variety can greatly increase a coin's value, with some top varieties adding hundreds of dollars to the coin's worth.
  • πŸ”Ž The speaker explains that varieties can help identify the year of a Morgan dollar even if the date is not visible.
  • πŸ“Š The video provides a detailed look at the specific variety characteristics of the coin, such as the unique loop under the 'O' in the New Orleans mint mark.
  • 🌟 The speaker points out other unique features of the coin, like the double profile and the 'd Grudge' in the ear.
  • πŸš€ Although the VAM-8 is not a top 100 or top 50 variety, it still adds value to the coin, potentially increasing its worth by around $20.
  • πŸ“ The speaker mentions plans to have a 1972 D Kennedy half dollar certified with its variety, which could increase its value from $20 to $425.
  • πŸ“Œ Grading companies do not automatically attribute varieties to coins, and it is up to the submitter to request this service and provide the variety information.
  • πŸ’‘ The speaker encourages viewers to ask for variety attribution when having coins graded and to include the VAM number on the submission form.
Q & A

  • What is the main topic of the video?

    -The main topic of the video is discussing the variety of a Morgan dollar coin, specifically a VAM-8 O over O mint mark variety, and the importance of recognizing and verifying coin varieties for their potential value.

  • Why did the commenter question the variety of the Morgan dollar mentioned in the video?

    -The commenter questioned the variety because they believed it was not accurately identified and should have been indicated on the slab if it were a genuine variety.

  • How did the video creator respond to the commenter's质疑?

    -The video creator explained that the coin indeed has a VAM-8 O over O mint mark variety, which can be verified on VAM World, and that grading companies do not automatically attribute varieties unless requested or paid for.

  • What is VAM World and its role in coin variety identification?

    -VAM World is a resource where collectors can check for coin varieties. It provides detailed information on specific varieties, but access to some variety information requires payment or a request from the user.

  • How can coin varieties help in determining the year of a Morgan dollar if the date is not visible?

    -By comparing the observed features of a Morgan dollar with known varieties, one can potentially identify the year of the coin, even if the date is not visible.

  • What unique features does the VAM-8 variety have?

    -The VAM-8 variety has unique features such as an extra loop inside the 'O' of the New Orleans mint mark, two olives next to the talon on the olive branch, a little something coming out under the 'r' in 'Liberty', a hairline double profile, and a dig grud in the ear.

  • How much value can a major variety add to a coin?

    -A major variety, such as a top 50 or top 100, can significantly increase a coin's value, sometimes by hundreds of dollars.

  • What is the video creator's plan for a 1972 D Kennedy half dollar with no FG on it?

    -The video creator plans to send the 1972 D Kennedy half dollar back to the grading company to have it certified with the variety, as it is currently not listed or attributed for that variety.

  • What is the potential value difference between a coin with and without the correct variety attribution?

    -The potential value difference can be substantial, as illustrated by the example of a coin that could be worth $20 without the correct variety attribution but is worth $400 with it.

  • What advice does the video creator give to viewers regarding coin grading and variety attribution?

    -The video creator advises viewers to write down the variety they believe their coin has when submitting it for grading, to give the grading company a head start in identifying and attributing the correct variety.

Outlines
00:00
πŸͺ™ Discussing Coin Varieties and VAM-8 Over O Mint Mark

The speaker discusses a comment on a previous video about a Morgan dollar coin with a VAM-8 O over O mint mark. They clarify that the variety is legitimate and explain the process of identifying and valuing coin varieties. They mention that grading companies do not automatically attribute varieties unless requested and highlight the importance of researching varieties to determine a coin's year and potential value increase. The speaker uses the example of a 1972 D Kennedy half dollar to illustrate the impact of variety recognition on a coin's value.

05:02
πŸ” Explaining the Importance of Requesting Coin Varieties in Grading

The speaker continues the discussion on coin varieties, emphasizing that collectors need to specify the variety they believe their coin possesses when submitting it for grading. They share their experience with a 1972 D Kennedy half dollar, which was not initially recognized for its variety, and their plan to have it certified with the correct variety. The speaker underscores the potential value difference between a coin with and without the correct variety attribution, using the example of a $20 coin versus a $400 coin with the correct variety identified.

Mindmap
Keywords
πŸ’‘Morgans
Morgans refer to a series of silver dollars minted in the United States from 1878 to 1904 and again in 1921. They are named after their designer, George T. Morgan. In the video, the speaker is discussing a specific Morgan dollar coin that has a variety, which is a term used to describe coins with unique characteristics.
πŸ’‘Variety
In numismatics, a 'variety' refers to the differences or distinct features found in coins that set them apart from the standard design. Varieties can be the result of minting errors, design changes, or other factors that create unique elements on the coin's surface. The video focuses on explaining how to identify and understand these varieties, particularly in Morgan dollars.
πŸ’‘VAM
VAM stands for 'Van Allen and Mallis,' referring to a cataloging system for Morgan and Peace dollars that identifies and describes the various dies and minting errors that can create different varieties of these coins. The VAM system is widely used by collectors to identify and value specific types of coin varieties.
πŸ’‘Mint Mark
A mint mark is a small letter or symbol found on coins that indicates the particular United States Mint facility where the coin was produced. In the context of the video, the mint mark is a crucial element in identifying the variety of a Morgan dollar, as different mints can produce coins with different varieties.
πŸ’‘Numismatics
Numismatics is the study or collection of currency, including coins and paper money, as well as related objects. It is an area of interest for many collectors who value historical, artistic, or financial significance of these items. The video is primarily aimed at numismatists or coin collectors who are interested in understanding the value and identification of coin varieties.
πŸ’‘Grading
Grading refers to the process of determining the condition or quality of a coin, usually based on its wear, preservation, and other physical attributes. Coin grading is essential for determining the value of a coin, especially among collectors and in the resale market. The video touches on the importance of accurate grading and the role of grading companies in the identification of coin varieties.
πŸ’‘Certification
Certification in the context of numismatics means the official authentication and grading of a coin by a recognized third-party grading service. This certification provides assurance to collectors and buyers about the coin's authenticity and condition. The video speaker plans to get his 1972 D Kennedy half dollar certified with its variety to increase its value.
πŸ’‘Top 50 or Top 100 Varieties
Refers to the most valuable or sought-after coin varieties among collectors. These top varieties are typically characterized by unique and rare minting errors or design differences that can significantly increase a coin's value. The video discusses how certain varieties can make a coin worth hundreds of dollars more than its standard counterpart.
πŸ’‘New Paperwork
In the context of the video, 'new paperwork' refers to the updated forms or documentation used by coin grading services when submitting coins for grading and certification. These forms may require additional information from the submitter, such as the suspected variety of the coin, to expedite the grading process.
πŸ’‘Kennedy Half Dollar
The Kennedy Half Dollar is a U.S. coin denomination that was first minted in 1964 as a memorial to President John F. Kennedy. It is made of copper and has been minted in various designs and compositions over the years. In the video, the speaker mentions a specific 1972 D Kennedy half dollar that he plans to have certified for its variety.
Highlights

Discussing a comment on a previous video about coin varieties.

Mention of a Morgan dollar coin with an over variety.

Clarification that the coin's variety was not identified by the grading service unless paid for.

Explanation of the VAM-8 O over O mint mark variety.

Instructions on how to verify coin varieties using VAM World.

Description of the process of identifying coin varieties to determine the coin's year.

Zooming in to show the differences in the coin's varieties.

Detailing the unique features of the VAM-8 variety, such as the additional loop in the O of the New Orleans mint mark.

Discussing other unique features on the reverse of the coin, like the two olives and the double profile.

Mention of the potential value increase due to coin varieties, with examples of significant value differences.

Advice on requesting variety attribution when having coins graded.

Personal anecdote about a 1972 D Kennedy half dollar with an unrecognized variety.

The impact of variety certification on the coin's value, from $20 to $400.

Encouragement for viewers to like, share, and subscribe for more content on coin varieties.

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Transcripts

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Coin CollectingMorgan DollarsVariety AttributionVAM 8New Orleans MintCollector's ValueGrading Companies1972 D KennedyCoin CertificationCollectors' Tips