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 Replies: 21 / Views: 2,382 |
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Valued Member
United States
78 Posts |
I am looking for some buying tips from someone. What would be a fair price to pay for a 1884 CC Morgan dollar in MS-63? The advertised price is $300. However I looked up the price on NGC an it says around $240 for MS-63. I have also seen MS-64 1884 CC morgans on ebay for about the same price. Also the coin is still in the US Mint packaging but has no certificate of authenticity with it, also did the government sell the morgans by the grade when they released the surplus coins? Any information would be helpful. |
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Pillar of the Community
United States
2596 Posts |
Have you checked any local coin shops, they are usually more then happy to deal with you in your price range and its usually easier to get a fair price from a local shop.
Edited by jessvc1
10/25/2011 7:41 pm
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Pillar of the Community
United States
2596 Posts |
plus you can look at the actual coin instead of a picture.
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Valued Member
 United States
78 Posts |
Yes, this is where the coin I am looking at is. Its up on consignment for $300 which is way more than even the book says, however the shop owner said it wouldn't hurt to make an offer and see what the coin's owner says.
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Pillar of the Community
United States
2596 Posts |
thats usually a green light for a lower price, doesn't hurt to let them know what you are willing to spend. Might get a suprise maybe they priced it so high so they will have room to negotiate.
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Pillar of the Community
United States
4989 Posts |
Edited by fenton
10/25/2011 7:50 pm
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Pillar of the Community
United States
2596 Posts |
study up on the coin and bring a jewelers loupe, look at the coin and make an offer I bet you will get a better price.
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Valued Member
United States
78 Posts |
Thanks for the advice I will do my homework first :)
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Valued Member
United States
78 Posts |
However there is one question I am still curious about. Did the US Mint sell the morgans already graded when they released the surplus coins? There is some label on the plastic bag that the Encased Coin comes in that has the MS-63 already on it. Doesn't look like any professional grading company. |
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Pillar of the Community
United States
1388 Posts |
They were not graded at the time in the GSA holders... However some coin services do grade them in the GSA holders, usually marked by a holographic sticker that seals the case... Be careful on what company graded it as well...
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Pillar of the Community
United States
2596 Posts |
I think NGC grades them but I'm not sure, and if its not NGC,PCGS, or ANACS make sure that you look at the coin good and try to determine yourself what grade its in and maybe talk with the dealer so you guys can agree on a grade. If its MS63 then there shouldnt be too many contact marks.
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Valued Member
United States
78 Posts |
Well this coin is in its original case, however there is a separate zip lock bag that holds the case in it with a normal looking bar code label that states what the item is and says MS-63. I have seen the PCGS and NGC labels but this label just looks like something you would find on an item in a grocery store.
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Valued Member
United States
78 Posts |
The high points on the coin are scratched to the point where the underlying silver is brighter than the top and there are small bag marks covering the coin.
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Pillar of the Community
United States
2596 Posts |
without seeing the coin I couldnt determine a grade but here is the differences between 60-63...MS63 will have attractive mint luster, but noticeable detracting contact marks or minor blemishes. MS60 is an uncirculated coin with no trace of wear but with bag marks or abrasions more obvious then ms63 like rim mars, and weak spots. So look around online for coins that are graded MS63 by PCGS or NGC and see how they compare to the coin you are thinking about buying and that should give some idea what a ms63 coin should look like. I know photos are a little different then looking at the coin in hand but at least you will get a reference point to start with.
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Pillar of the Community
United States
1150 Posts |
If the coin is graded by NGC, then I think $200 to $220 is about right in a GSA holder missing the cert. of auth., maybe a little more with box and cert.
If not graded by NGC, then anywhere from $180 to $200 is the price range I've seen them going for.
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Pillar of the Community
United States
5854 Posts |
It sounds like it may be in a GSA holder with a band indicating that it has been graded. NGC has been doing this for a few years, I think and ANACS just started doing it so my bet would be probably be graded by NGC. I might be wrong but I think they were only sold as being uncirculated. A price around $180-190 would be a fair price for that coin if not graded. Given that it is probably add a little bit more for it.
Edited by D0ubl3Eagle
10/25/2011 9:12 pm
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Replies: 21 / Views: 2,382 |
Posted 10/25/2011 7:41 pm
