1878-S Morgan Silver Dollar - Coin Community Forum

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Author	Replies: 6 / Views: 2,048
mmcgraw New Member United States 5 Posts	Posted 01/20/2020 6:04 pm Can anyone enlighten me as to why this 1878-S Morgan silver dollar was bought for 16.5K? I know there are 'special' Morgans with 7 or 8 or double feathers on the Eagle and a convex breast, etc. I don't see where nor does the listing hint to it being 'special'....I'm baffled. Thanks! https://www.ebay.com/itm/1878-S-Mor...AOSwiS9eF6hV Report this Post to the Staff

oriole Pillar of the Community Canada 5257 Posts	Posted 01/20/2020 6:12 pm I am as mystified as you are. It does appear to have sold at the asking price. Report this Post to the Staff
NDBirdman Pillar of the Community United States 747 Posts	Posted 01/20/2020 8:45 pm NGC says it has a value of 29k so someone got a bargain. Too much for my collection. I bet there are not very many MS66 DPLs. Personally, I don't see the value, I have a nice MS63 I paid a whole lot less for. Report this Post to the Staff
Lancek Valued Member United States 442 Posts	Posted 01/20/2020 8:50 pm MS 66 for one thing. It is rare to have a Morgan that old grade that high. Also DPL (Deep Proof Like). Also incredibly rare in a Morgan that old. Some people go nuts for that stuff. NGCs price guide lists it at $29,000, so somebody really got a bargain. I guess. I'm fine with my plain old MS 63s. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 01/20/2020 9:55 pm It's a grade rarity. PCGS only has 3 of those with none finer and NGC only has 2 with none finer. More than likely at least one coin is in both populations or one was a regrade so unless we know for sure there are actually 5 there may only be 3 or 4. Report this Post to the Staff
eternallogan Valued Member Canada 314 Posts	Posted 01/20/2020 11:02 pm If you're looking to complete a top pop DPL Morgan type set, this coin is necessary, as basebal laid out. Report this Post to the Staff
mmcgraw New Member United States 5 Posts	Posted 01/21/2020 4:17 pm Thank you everyone! Makes total sense. I have one - a very nice one IMO - (everyone says that right?) and was valuing for insurance and couldn't see a difference between mine and this. Mine is not graded. I couldn't imagine a coin I have being graded that high...that's just not how things work for me. But, now I'm even more intrigued - and kind of nervous.... Report this Post to the Staff
	Replies: 6 / Views: 2,048

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