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Extremely Rare 1885 Trade Dollar Could Be Worth $2m At Auction

 
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Author Previous TopicReplies: 7 / Views: 696Next Topic  
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 Posted 02/12/2020  11:53 am Show Profile   Bookmark this topic Add KingFridayXIII to your friends list Get a Link to this Message
Thought some people here would be interested in reading this in case you haven't heard..

https://www.foxnews.com/science/rar...-be-worth-2m
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 Posted 02/12/2020  12:44 pm  Show Profile   Bookmark this reply Add Alpha2814 to your friends list Get a Link to this Reply
There's no link for that lot at the StacksBowers site yet, so there aren't any pictures.
Working on: Indian quarter eagles, Chinese pandas, and San Francisco tokens; upgrading my Peace dollar and US Type sets

"Fear is the enemy of will. Will is what makes you take action; fear is what stops you, and makes you weak."
-- Sinestro to (my avatar) Hal Jordan, "Green Lantern" (2011)
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 Posted 02/12/2020  12:45 pm  Show Profile   Check CalzoneManiac's eBay Listings Bookmark this reply Add CalzoneManiac to your friends list Get a Link to this Reply
Guessing they're referring to the Trade dollar. The '85 Morgan is common as dirt even in high grades.
Looking for pre-1961 Russian and Soviet coins.
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 Posted 02/12/2020  1:11 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply

Quote:
Guessing they're referring to the Trade dollar. The '85 Morgan is common as dirt even in high grades.


Yep. But what do you define as high? For me a "high grade" Morgan is MS-67, relative rarity ignored.
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Type Set: https://www.NGCcoin.com/registry/co...sets/236574/
If you want to buy something or sell something or just talk, shoot me a PM!
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 Posted 02/12/2020  4:17 pm  Show Profile   Check CalzoneManiac's eBay Listings Bookmark this reply Add CalzoneManiac to your friends list Get a Link to this Reply
PCGS lists a MS-68 1885 Morgan at $22,500. While that's a lot of money that's no $2 million. A MS-67 is listed at only $2500.
Looking for pre-1961 Russian and Soviet coins.
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 Posted 02/12/2020  4:28 pm  Show Profile   Bookmark this reply Add Alpha2814 to your friends list Get a Link to this Reply
The auction is for a Trade dollar, not a Morgan. From the article (which does have pictures):

Quote:
"While the Mint had ended production of circulation-strike Trade dollars in 1878, Proof examples were officially distributed in Proof sets through 1883," explained auction house Stack's Bowers Galleries in a statement. "Additional Proof examples were struck at the beginning of 1884, but were never distributed and all but 10 were eventually melted. It is believed that a similar situation occurred in 1885, leaving just five examples of that date for collectors today."
Working on: Indian quarter eagles, Chinese pandas, and San Francisco tokens; upgrading my Peace dollar and US Type sets

"Fear is the enemy of will. Will is what makes you take action; fear is what stops you, and makes you weak."
-- Sinestro to (my avatar) Hal Jordan, "Green Lantern" (2011)
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 Posted 02/12/2020  4:32 pm  Show Profile   Check CalzoneManiac's eBay Listings Bookmark this reply Add CalzoneManiac to your friends list Get a Link to this Reply
I do think the title of this post should reflect the fact that it is the Trade dollar, so we don't get an influx of collectors posting their slider 1885 Morgans thinking they're gonna be millionaires.
Looking for pre-1961 Russian and Soviet coins.
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 Posted 02/12/2020  4:34 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply

Quote:
PCGS lists a MS-68 1885 Morgan at $22,500. While that's a lot of money that's no $2 million. A MS-67 is listed at only $2500.


Yep. Those ultra high grades go for a ton. You can see the drop in price due to amount available. You can get a 67 for ~$500-600. Not rare by any means. A 68 though.... different ball game. I paid 1k for my 67, but it's a heckuva toner.
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Type Set: https://www.NGCcoin.com/registry/co...sets/236574/
If you want to buy something or sell something or just talk, shoot me a PM!
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