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What Would You Pay For A Complete Set Of Morgans? $60,000

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 Posted 07/12/2012  4:33 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
I would take the 95-O proof alone and be happy ;)
swcoin.ecrater.com
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 Posted 07/12/2012  4:35 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list

Quote:
I see a lot in there labeled improperly cleaned. Is that still worth the price?


An 1895 in PR62 is worth well over $30k alone.
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 Posted 07/12/2012  4:39 pm  Show Profile   Bookmark this reply Add colu41 to your friends list
Ahh. Yes, just did a little research. One of those sold before for over $100k. That's just crazy.
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 Posted 07/12/2012  4:43 pm  Show Profile   Bookmark this reply Add colu41 to your friends list
Edited by colu41
07/12/2012 4:43 pm
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 Posted 07/12/2012  4:49 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
It's not an 1895-O. It's a Philadelphia coin, and there are no business strikes for that year, only Proofs from that mint. Only 880 were struck. It is the absolute stopper to a "complete" Morgan set.
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 Posted 07/12/2012  4:52 pm  Show Profile   Bookmark this reply Add CoinsKelly to your friends list
Pre-bid is now up to $20,500, it is lot 66 it should hopefully be soon now.
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 Posted 07/12/2012  5:23 pm  Show Profile   Bookmark this reply Add colu41 to your friends list
SsuperDdave, ah ok. Didn't catch that. Thought it was an "O" for some reason. That's cool. Can't believe $1 can be worth so much.
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 Posted 07/12/2012  5:25 pm  Show Profile   Bookmark this reply Add CoinsKelly to your friends list
Up to $36,000 in pre-bids - this is better than cable!

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 Posted 07/12/2012  5:52 pm  Show Profile   Bookmark this reply Add CoinsKelly to your friends list
Final bid by an on site bidder was $60,000. The bidding stalled at $36,000 and I nearly had a heart attack thinking someone not from this forum would get this stash for that.

What fun!
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 Posted 07/12/2012  8:17 pm  Show Profile   Bookmark this reply Add COMET to your friends list
The one coin that is carrying the set and the ending price is the 1895 Proof. I took a quick look and it looks like the majority of rare dates are detailed. Still a nice set though, and definitely worth it just to get the 1895 Proof.
Edited by COMET
07/12/2012 8:18 pm
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 Posted 07/12/2012  8:30 pm  Show Profile   Bookmark this reply Add VGRX to your friends list
So now that it is over what is the breakdown value of the collection. I've seen the value of one coin mentioned. What about the others?
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 Posted 07/12/2012  10:46 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list

Quote:
So now that it is over what is the breakdown value of the collection. I've seen the value of one coin mentioned. What about the others?


Well, the 1895-S is probably a $1000 coin. The '89-CC, probably $2000. The 1893-S approaches $10k. Stuff gets cheaper very quickly once those are accounted for; I don't really think $60k was a reasonable price for the lot.

Especially considering it's gonna cost the buyer closer to $74k after the Buyer's Premium and sales tax. He wouldn't make that back even if he parted it all out. If I were going to make a wholesale offer on this lot, I'd be around $40k or a little more.
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 Posted 07/13/2012  12:03 pm  Show Profile   Bookmark this reply Add CoinsKelly to your friends list
Conversation with hubby last night:

Me: "You know dear, I almost bid $37,000 thinking we could flip that lot"

Awesome Hubby: "Not a problem, you could have paid for it from my life insurance payout once I got the bill!"

Me: "Hmmmmm.....good to know" (Just Kidding - I did not say that!)
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 Posted 07/13/2012  6:53 pm  Show Profile   Bookmark this reply Add edgman to your friends list
With a buyers premium of 18% and a final sales price of $60,000 that alone tacks on another $10,800 which brings the price up up $70,800. And they are talking about a 5% sales tax so if you live in the wrong state you could see another $3,000 in sales tax. People forget about that 18% buyers premium from these auction houses!

My Two Cents worth

edgman
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 Posted 07/19/2012  09:30 am  Show Profile   Bookmark this reply Add Freedom to your friends list

Quote:
With a buyers premium of 18% and a final sales price of $60,000 that alone tacks on another $10,800 which brings the price up up $70,800. And they are talking about a 5% sales tax so if you live in the wrong state you could see another $3,000 in sales tax. People forget about that 18% buyers premium from these auction houses!

My Two Cents worth

edgman



Do not forget about the $600 in insurance they are going to charge and the pittance of shipping for $6.00

60,000
10,800
600
6
Total = $71,406 or roughly 20% of the final sale. Buyers Premimum sucks at this sight. I thought HA was raping me at 14% but it only took two
days to get my coin.
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