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Guess The Grade: 1884-CC Morgan Dollar

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Pillar of the Community
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 Posted 08/26/2015  1:33 pm  Show Profile   Bookmark this reply Add matttheriley to your friends list
Hey, what's FMV for an unattributed, possibly undergraded VAM3A?
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 Posted 08/26/2015  1:52 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
I don't see this VAM as carrying a premium, really. Keep in mind, there are too few true VAM specialists to support a market for all but the most desirable VAMs.
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 Posted 08/26/2015  2:00 pm  Show Profile   Bookmark this reply Add matttheriley to your friends list
So is $245 reasonable for this coin?
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 Posted 08/26/2015  3:22 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list

Quote:
So is $245 reasonable for this coin?


No, not according to auction records. $245 buys an MS64 in a GSA holder. MS63 is $200 tops.
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 Posted 08/26/2015  3:37 pm  Show Profile   Bookmark this reply Add Night-Hawk to your friends list
$245. is approx. fair market value for the 84-CC in MS63.
Very nice example for the grade.

That particular holder is a Gen. 3.5 PCGS transitional
green holder produced in 1989. These holders often carry
a small premium and are in higher demand than current holders.
These coins sometimes upgrade up a notch by today's standards.

Looks like a solid coin for the grade, I would hang on to it.
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 Posted 08/26/2015  4:02 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list

Quote:
$245. is approx. fair market value for the 84-CC in MS63.


A huge quantity of real-world sales (thousands of 1884-CC's in MS63 slabs) disagree with this. A perusal of PCGS Auction Results - over 3,000 1884-CC's in MS63 slabs - indicates ebay is the only place where an MS63 1884-CC which isn't toned or Prooflike is worth over $200. That's not the case at Heritage, Stacks, Great Collections or Teletrade before them.
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 Posted 08/26/2015  4:34 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
Late to this party, but just wanted to say what s sharp-looking coin this is!
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 Posted 08/26/2015  7:34 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list
I agree with SuperDave that the price paid may be a little too much as I recently sold a nice one in a NGC holder MS63 on ebay for $199. I was happy to sell the coin as there were lots of 1884 cc ms63 for sale on ebay. I put the money into a 1884 cc ms64 DMLP CAC that I paid $564.
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 Posted 08/26/2015  7:45 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
It does seem kind of high, just looking at the usual pricing sources.
Edited by Coinfrog
08/26/2015 7:47 pm
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 Posted 08/26/2015  7:55 pm  Show Profile   Bookmark this reply Add matttheriley to your friends list
I'm sorry, that's not the price I paid. I actually won it in a raffle for $62.50! I was just trying to ascertain its fmv.
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 Posted 08/26/2015  8:21 pm  Show Profile   Bookmark this reply Add Fayette1800 to your friends list
Are you kidding? That is some funny stuff.
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 Posted 08/26/2015  8:28 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
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 Posted 08/26/2015  8:46 pm  Show Profile   Bookmark this reply Add matttheriley to your friends list
What's your question coin frog?
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 Posted 08/26/2015  11:58 pm  Show Profile   Bookmark this reply Add CartwheelCollector to your friends list
I would say fair value is $175 plus 10% for the old holder, so $190ish.
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 Posted 08/27/2015  12:01 am  Show Profile   Bookmark this reply Add paralyse to your friends list
Local coin club raffle? :P

Those are awesome fun and a great way to raise money. I would have stepped up to buy a handful of tickets with prizes like that.
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"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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