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Goofed Up Bin 1893 Morgan Dollar For $9.95 Free Shipping?

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Valued Member
United States
161 Posts
 Posted 02/08/2013  9:36 pm  Show Profile   Bookmark this reply Add MrMorgan to your friends list
Question though....why not just keep it for your collection instead of flipping it?
Bedrock of the Community
United States
10982 Posts
 Posted 02/08/2013  10:35 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list
Here's a years worth of auction results for this date, XF40 certified by top TPG:

Jan-13 $235 XF40 NGC Heritage
Jan-13 $235 XF40 NGC Heritage
Jan-13 $212 XF40 NGC Heritage
Nov-12 $223 XF40 PCGS Heritage
Nov-12 $223 XF40 NGC Heritage
Nov-12 $223 XF40 NGC Heritage
Nov-12 $200 XF40 ANACS Heritage
Oct-12 $225 XF40 PCGS eBay
Oct-12 $200 XF40 NGC Heritage
Sep-12 $223 XF40 PCGS Heritage
Aug-12 $223 XF40 PCGS eBay
Aug-12 $223 XF40 PCGS Heritage
Aug-12 $223 XF40 PCGS Heritage
Aug-12 $212 XF40 PCGS Heritage
Aug-12 $200 XF40 NGC Heritage
Jun-12 $235 XF40 PCGS eBay
Jun-12 $225 XF40 PCGS eBay
Jun-12 $214 XF40 PCGS eBay
May-12 $239 XF40 PCGS eBay
May-12 $232 XF40 PCGS eBay
May-12 $207 XF40 NGC Heritage
May-12 $207 XF40 NGC Heritage
May-12 $207 XF40 PCGS Heritage
May-12 $196 XF40 NGC Heritage
Apr-12 $207 XF40 NGC Heritage
Apr-12 $202 XF40 PCGS eBay
Mar-12 $250 XF40 PCGS eBay
Feb-12 $231 XF40 ANACS Great Collections
Feb-12 $219 XF40 NGC Heritage
Feb-12 $207 XF40 NGC Heritage
ANA #R3154474
Pillar of the Community
United States
1536 Posts
 Posted 02/09/2013  12:22 am  Show Profile   Bookmark this reply Add buddy16cat to your friends list

Quote:
Question though....why not just keep it for your collection instead of flipping it?


I don't even have a Morgan and don't see the reason to keep the $250 one. I bought it for obvious reasons but don't want it. I wouldn't mind getting a BU common Morgan though. I was considering trading the dealer for other coins I am more comfortable selling on ebay. I know what you mean about the ASE, I can get a better deal on an ASE at Silvertowne when they have a deal. Of course though it seems on ebay some coins seem to trend. I bought some G/VG Barber quarters where the Gs were better dates for melt. That was odd to be able to get I know what you mean about people on ebay overpaying for some things. I saw that "XF Details" coin sell for $305. Do those sales of the XF40 coins include shipping charged? You know some offer free shipping where some overcharge to cover overhead.

Does anyone know why 1893 CC Morgans are listed as at a higher premium even though 1893 coins have a lot lower mintage. Mintage on 1893 is 377,000.
Edited by buddy16cat
02/09/2013 8:36 pm
Valued Member
United States
161 Posts
 Posted 02/09/2013  9:08 pm  Show Profile   Bookmark this reply Add MrMorgan to your friends list
A reason for keeping a Morgan: it is the most exquisite coin this country has ever produced. They have exploded in prices over the last 50 years and they are beautiful. Beautiful to look at and wonderful to think of its history. You don't have a Morgan in your collection but you do now!! Expand! I am completely biased BTW as I love Morgans more than anything. If it were any other coin for me I would have already sold it.....for a Morgan! But to each his own....
Valued Member
United States
161 Posts
 Posted 02/09/2013  9:14 pm  Show Profile   Bookmark this reply Add MrMorgan to your friends list
ebay is so ridiculous with prices it is almost as bad as the home shopping network. I still make about ten purchases on the bay every month but they have to be decent to get my bid. I suppose I just enjoy getting a package in the mail. Last night I purchased a 10oz Scottsdale stacker for well over spot ($390.00).I bought it because I have always wanted one, and Scottsdale stopped making them, so they are somewhat "rare". The Johnny Walker I was drinking may have also contributed. But that's a whole other story
Pillar of the Community
United States
1511 Posts
 Posted 02/09/2013  9:29 pm  Show Profile   Bookmark this reply Add NathanASE to your friends list
Mintage figures don't always reflect rarity.. You have to remember that many Morgan's were melted down, so sometimes rarity goes more by current estimated numbers remaining, not mintage numbers. Some of the years had large numbers minted, but very few saw circulation and many of the UNC's were melted down without ever leaving mint bags, resulting in the ones released being very valuable. So on so forth.
Also CC's are extremely sought after and highly collected, they most always carry a hearty premium.
I'd probably be interested in it if you posted it for sale here.. Depending on what your asking for it... So there's always the option of selling here too...
But I agree with MrMorgan.. I'd keep it too... Morgan's are my soft spot.. I can't get enough... Absolutely my favorite coin!
Pillar of the Community
United States
1554 Posts
 Posted 02/09/2013  11:41 pm  Show Profile   Bookmark this reply Add 1893S to your friends list
Very, very odd thread! 'nuff said....
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United States
1536 Posts
 Posted 02/10/2013  12:13 am  Show Profile   Bookmark this reply Add buddy16cat to your friends list

Quote:
Very, very odd thread! 'nuff said....

You always have the option not to read it.
Pillar of the Community
United States
1536 Posts
 Posted 02/10/2013  8:30 pm  Show Profile   Bookmark this reply Add buddy16cat to your friends list

Quote:
Mintage figures don't always reflect rarity.. You have to remember that many Morgan's were melted down, so sometimes rarity goes more by current estimated numbers remaining, not mintage numbers. Some of the years had large numbers minted, but very few saw circulation and many of the UNC's were melted down without ever leaving mint bags, resulting in the ones released being very valuable. So on so forth.
Also CC's are extremely sought after and highly collected, they most always carry a hearty premium.
I'd probably be interested in it if you posted it for sale here.. Depending on what your asking for it... So there's always the option of selling here too...
But I agree with MrMorgan.. I'd keep it too... Morgan's are my soft spot.. I can't get enough... Absolutely my favorite coin!

I decided to list it here. I was going to list it pocket now but I noticed that the auctions don't have proxy bidding and you think it is more ethical to pay more for it, you can .
Edited by buddy16cat
02/10/2013 8:32 pm
Rest in Peace
United States
10625 Posts
 Posted 02/10/2013  9:01 pm  Show Profile   Bookmark this reply Add dave700x to your friends list

Quote:
I am going to keep it, and that is that.


If this were the case I think many of us would have accepted the whole situation. I really dislike the fact that you are openly flipping this seller's mistake for a profit.


Quote:
You always have the option not to read it.


And this would be my choice from here on. Good luck...
Pillar of the Community
United States
1536 Posts
 Posted 02/11/2013  12:41 am  Show Profile   Bookmark this reply Add buddy16cat to your friends list
Yeh, you can move on and pass judgment on the guy who got a 1916D dime for $3 out of some box from someone who obviously didn't know what they were selling or a key date Morgan for $17. Whether you keep it or not is incidental and I do not know who this "many" is you speak of. If you don't like it, simply move on. The guy who send it obviously knows exactly what it is and chose to handle the situation how they wanted with no demands by me. I really don't have to explain myself.
Valued Member
United States
161 Posts
 Posted 02/11/2013  12:41 pm  Show Profile   Bookmark this reply Add MrMorgan to your friends list
My buddy the loch ness monster said he'll give you about $3.50 for it...

You are going to sell on here? I don't think anyone that has read this thread will buy the morgan knowing the whole story. You would probably make more on the bay. See if there are any list free dates coming up so you can save on list fees.
Pillar of the Community
United States
1536 Posts
 Posted 02/11/2013  3:56 pm  Show Profile   Bookmark this reply Add buddy16cat to your friends list
It was someone in this thread who stated that they would be interested in it if I sold it here. What about this guy who got a 1916D Mercury at a box at a small antique store for $3? Everyone cheered him on but nobody mentioned that they could have offered a little more for it if they had a conscious. You ever think about how it wound up there? Someone obviously went to the wrong place to sell someone's estate who didn't know any better. So I guess everything is morally just as long as you keep it. Kind of warped if you ask me. I ended my auction. Can you buy here yet though? You don't have enough posts yet I think.
Edited by buddy16cat
02/11/2013 4:00 pm
Pillar of the Community
United States
5862 Posts
 Posted 02/11/2013  4:07 pm  Show Profile   Bookmark this reply Add barryg to your friends list

Quote:
It was someone in this thread who stated that they would be interested in it if I sold it here. What about this guy who got a 1916D Mercury at a box at a small antique store for $3? Everyone cheered him on but nobody mentioned that they could have offered a little more for it if they had a conscious. You ever think about how it wound up there? Someone obviously went to the wrong place to sell someone's estate who didn't know any better. So I guess everything is morally just as long as you keep it. Kind of warped if you ask me. I think I want to end my auction.


I really didn't mean to get up on my high horse and preach earlier, and I apologize if that's the way my posts seemed. As I said, everybody (buyers and sellers alike) wants to get a great deal and we all brag about the great deals we get. I think the thing that is putting some people off about your story, though, is the fact that the seller (a) made a mistake, (b) told you that he made a mistake and (c) asked for the coin back (although he was gracious enough to let it be your decision and also offer to give you $100 for your trouble if you agreed to send it back). That's very different from the 1916D Mercury dime situation, in my opinion.

The fact that you also seem to only want to flip the coin and don't care about it numismatically, well, that just adds a bit of insult to injury, I think.

I dunno. I often bid on items that have bad pictures or are poorly described because I think I see something that the seller (and other bidders, hopefully) didn't see. Often I'm wrong, but sometimes I score big. And that's all part of the game. I suppose you could argue that I am acting "immorally" by not informing the seller what he really has, and perhaps you would be right. So I certainly don't think I've got the moral high ground here or anything. As I said, though, I really think it's just the fact that the seller told you he made a mistake and asked for the coin back that is raising eyebrows here, not the fact that you got a great deal.
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23522 Posts
 Posted 02/11/2013  4:09 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
I'm thinking we've reached the point of diminishing returns with this thread.
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