1893 S Morgan - $5200 And 31 Bids With A Day Still Left....

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Author	Replies: 7 / Views: 1,313
scubu Locked 822 Posts	Posted 02/04/2012 8:40 pm Curious to see the hammer price... http://www.ebay.com/itm/200705677111 Report this Post to the Staff

briank Valued Member United States 256 Posts	Posted 02/04/2012 8:48 pm Whats your guess, 7500-8000? Report this Post to the Staff
Canadian-Banknotes Pillar of the Community Canada 4944 Posts	Posted 02/04/2012 9:26 pm Two similar coins sold for much less. http://www.ebay.com/itm/1893-S-1-PC...t_500wt_1202 http://www.ebay.com/itm/1893-S-Morg...t_721wt_1185 Report this Post to the Staff
numismaniac Valued Member United States 361 Posts	Posted 02/05/2012 12:14 am People tend to bid more on the older green pcgs holders in the hope the coin will jump a grade, or two, if re submitted. Report this Post to the Staff
nickelsearcher Moderator United States 15522 Posts	Posted 02/05/2012 12:35 am I personally would not bid on a $5K coin without a CAC green beanie attached to it. The submittal to CAC cost $10 ... so have to wonder why a seller of such a high-price coin did not do this? Perhaps they did ... and the coin was rejected? David Take a look at my other hobby ... http://www.jk-dk.art Report this Post to the Staff
CaptainFwiffo Pillar of the Community United States 4132 Posts	Posted 02/05/2012 12:46 am I dunno. A lot of old-fashioned collectors are kinda offended at slabbing/verification in the first place. Getting the verification verified by a fourth party may be a bridge too far. In other words, a lot of people wouldn't submit to CAC on principle. It's a bit like getting an ipod case case to protect your ipod case. Report this Post to the Staff
BH1964 Bedrock of the Community United States 10982 Posts	Posted 02/05/2012 01:48 am Quote: Perhaps they did ... and the coin was rejected? I doubt CAC would sticker that coin. It looks like a 30 to me, or at least would look a lot better in a 30 slab (because that's the conservative grade). ANA #R3154474 Report this Post to the Staff
TMR New Member United States 28 Posts	Posted 02/05/2012 08:41 am Quote: I personally would not bid on a $5K coin without a CAC green beanie attached to it. I am not clear as to what value the CAC sticker adds to a coin and I don't understand the perceived added value to the price. I was under the impression a CAC sticker designated a coin that had higher eye appeal / mint luster. Isn't it just another person's opinion that a coin is on the higher end of a grade and is quite nice? One of the top TPGs authenticated this coin and graded it to their standards at the time. I don't think CAC removes the coin from the holder and re-inspects, weighs, and authenticates the coin. For me, the PCGS designation is far more important than a CAC sticker Just my $.02 Report this Post to the Staff
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