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 Replies: 18 / Views: 3,075 |
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Bedrock of the Community
United States
94367 Posts |
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Bedrock of the Community
United States
10982 Posts |
This is an expensive coin in Mint State and can get close to $300 in AU. In MS65 you're at $1500. No way I'd pay more than $300 from those images. Here's an example of an AU58 that brought $300 last winter. https://coins.ha.com/itm/morgan-dol...ption-071515It looks every bit as good as the OP's images. Edited by BH1964
04/28/2021 9:26 pm
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Pillar of the Community
United States
4846 Posts |
It has the surface presentation of a near PL coin, very frosty devices. But I'm seeing absolutely zero luster on it, something seems off. Are these scans?
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Pillar of the Community
 United States
509 Posts |
The previous pix were provided by the seller. Here are two more of the same coin by the same seller. As shown, it is ms61. I had thought it was ms63 or 64 and was interested in opinions before making a commitment to buy given the asking price.  |
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Bedrock of the Community
 United States
18687 Posts |
please wait at least 24 hrs to post grade. thanks
the 78(CC) are typically sharp and bold. this one falls short on strike with the flatness of the hair around the ear and breast. as stated there is missing luster (based on photos) on both sides. multiple little marks particularly on the obverse and one long one from LIBERTY to the ear. I would put eye appeal at AVG-. my grade was MS62. I didnt think there was enough scratches etc on both sides to warrant a 61.
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Pillar of the Community
United States
4989 Posts |
I'd be around MS-62 for this one. A nice coin but the luster is somewhat dull and impaired.
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Pillar of the Community
United States
4469 Posts |
PCGS lists the coin at $385 for a MS61. I would not pay over that amount, and my first offer would start below the $385 amount. The seller's best offer asking price is way too high in the MS63 range. The general rule with buying coins in a TPG holder is negotiate price from the grade on the holder. |
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Bedrock of the Community
United States
94367 Posts |
No sense trying to second-guess PCGS for one point. It stands as a 61.
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Pillar of the Community
United States
5192 Posts |
The coin is somewhat proof like, but as said earlier it looks "dead": almost no luster.
Perhaps spend your money on a nice AU58 example? I have become somewhat of a fan of that grade level.
But if you want to spend the $$$, go at least for a real MS63 PL.
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Pillar of the Community
United States
509 Posts |
Thanks guys for your responses. Some very interesting. I had made the seller an offer above the PCGS valuation and he would not even negotiate. In any case, saved myself some money. Got me thinking about the AU categories as a couple of you mentioned.
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Bedrock of the Community
United States
10982 Posts |
Quote:
I had made the seller an offer above the PCGS valuation and he would not even negotiate. This seller is asking almost $500 (MS64 money) for a coin that is properly graded as a MS61 worth $350 imo. You did well by not buying this coin. No way it's worth over PCGS' Price Guide value of $385. |
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Bedrock of the Community
United States
19203 Posts |
Go to ebay. Check the asking price for all slabbed 1878 CC Morgans. |
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Pillar of the Community
United States
4989 Posts |
PCGS price guide tends to be retail, too, and is often a bit high relative to what a good price shopper can get.
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Pillar of the Community
United States
5192 Posts |
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Pillar of the Community
United States
509 Posts |
Thanks for the link NumisEd. Looks good.
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Replies: 18 / Views: 3,075 |
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First Page
Posted 04/28/2021 9:26 pm
