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 Replies: 18 / Views: 1,995 |
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Valued Member
United States
429 Posts |
Hello everyone, I am going to an auction on Saturday and need advice. I have a 1996 Handbook of US coins Dealer buying prices (11 years old). It lists MS60 and MS63 on Morgan dollars. The auctioneer does not know when or who graded these coins. I would like a low price and high prices to bid on these coins. 1880S Morgan dollar Grade MS63 1885 Morgan dollar Grade MS62 1886 Morgan dollar Grade MS65 1899O Morgan dollar Grade MS63 One coin not graded is a 1893CC Morgan dollar, what should I look at when I get there & how much? There are also some halves with grades on them, but I'm not sure I'll have the money to bid on them. Is it the higher the number on the grade the better the coin? Like MS67 better than a MS63? Any and all advice will be greatly appreciated. I went to school with the person having the auction and do not want to under-bid the coins but do not want to over-bid either. Thanks for all the help. LeAnn |
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Pillar of the Community
United States
7123 Posts |
LeAnn This is a tough question !! The coins which are graded are graded by who ? which halves are we talking about walkers,Franklins ,Kennedies ? value questions like this are a judgement call based on the coins themselves ,,we will not be able to see the coins in order to form an opinion of grade . the higher the number supposedly the higher the grade . My suggestion is that you study the threads in the grading forum to get an Idea of grades and reasons for them . or get a copy of photograde and take that with you to preview,, all of the coins you have given us dates for are common date morgans ,,with the exception of the 1893-CC this coin is pretty expensive in MS grades and since it was the last CC Morgan dollar year is a pretty high demand coin,, expect to have some competition for it . Metalman |
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Valued Member
 United States
429 Posts |
Metalman:
The people I talked to do not know who graded the coins or when it was done. I missed the open house, so I'll go early to the auction and check them out. The halves are a 1964 Kennedy MS68 and a 1967 Kennedy MS67. I really just want a ball park price so I don't overpay for any of the Morgans. I figured the 1893CC was out of my price range, just wanted to know how much. There were three pages of coins listed, too many for me to bid on, so I just picked the ones that were graded. Also, what's the difference between a proof set and a prestiege proof set?
LeAnn
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Valued Member
United States
133 Posts |
LeAnn: Are they raw or slabbed? For a ballpark use this PCGS site: http://www.pcgs.com/prices/& please recheck the below as I need a new set of Bi-Focals. Kennedy 1964 Kennedy MS 68 $10,500 Kennedy 1967 Kennedy MS 67 $3,000 Morgan 1880-S MS 63 $46 Morgan 1885 MS 62 $37 Morgan 1886 MS 65 $175 Morgan 1899-O MS 63 $46 Morgan 1893-CC VF $700 Morgan 1893-CC EF $1,750 Morgan 1893-CC AU $2,500 Morgan 1893-CC MS 62 $4,750 Morgan 1893-CC MS 63 $7,000 Ron (ronaldb112) |
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Valued Member
United States
133 Posts |
LeAnn:
My other thought is if they was graded 10+ years ago, different grading standards were in place at that time, maybe get a grading "buddy" to go with you.
Ron (ronaldb112)
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Pillar of the Community
United States
7123 Posts |
PCGS price guide is for the vast majority of the coins list way way high !! to get a real world Idea of the coins value check heitage auctions ,teletrade ,and even ebay for completed auctions. It sounds like the coins are raw ,, if they were graded by a TPG the auction house would have been able to read the label and tell you who graded the coins . This means that the grades given cannot be taken to seriously without seeing the coins. a prestige proof set contain a commemorative for the year also and is packaged in a different type of set holder . the proof set contains just the normal coins for the year. Metalman |
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Valued Member
United States
429 Posts |
Metalman: Thank you for the help. I'll let you know how I do at the auction. Ron: If I had a grading buddy, I wouldn't be asking questions here  . I know of no one who collects coins, but the people I've met here. Thanks for your help and the link. LeAnn |
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Valued Member
United States
133 Posts |
LeAnn:
Bunker HIll, IL.............how close is that to a Chicago SW Suburbs of Elgin, Il, I have a good friend there who is grading expert & maybe can help you. If close to you, email me. I live in the NW Chicago Suburbs.
BTW: I own all the coins you have listed in MS grade, but the 1893-CC in VF grade. Have 91 of the 95 Morgans.
Ron (ronaldb112)
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Valued Member
United States
429 Posts |
Sorry Ron, closer to St. Louis than Elgin.
LeAnn
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Valued Member
United States
133 Posts |
"Sorry Ron, closer to St. Louis than Elgin.".......... well gave it the old college try. I have another buddy in Springfield Il, 45+ years of collecting, but he is in poor health right now.
Good Luck,
Ron (ronaldb112)
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Forum Mom
 United States
5877 Posts |
LeAnn, I would advise getting a current greysheet. I think it's only $4.00 or so and that would give you the dealer ask and bid prices. This would be a good way to see current prices. You can get it at: http://www.greysheet.com/It's downloadable, so you can have it immediately. Hope this helps.  |
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Valued Member
United States
429 Posts |
Thanks Susanlynn, helps alot. I'll try and post pics on Monday, that is if I buy any coins.
LeAnn
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Valued Member
United States
159 Posts |
The greysheet is an excellent tool for pricing. However grading a coin is at least as,if not more,important. Don't go by the sellers description alone. Even a third party slab can be a rip off. I recently purchased a 1921-S Buffalo nickel in a HCGS slad graded AU-50. It turned out to be a 1924-S in VG!!! I reccommend studying before you buy. Live auctions are not always the best place to buy coins either: very often there is a "buyers frenzy" that can cause prices to go way higher than they should. In short: trust no one except me, I never lie and I'm alway right, I thought I was wrong once, but I was merely mistaken.LOL!!! |
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Pillar of the Community
United States
7123 Posts |
The dealer grey sheet is a great source for coin prices !
The auction price will fall some place between grey sheet and high retail.
a comparison of greysheet and completed auctions will give you some Idea of the spread .
I agree that being able to grade the coins in question will go along way toward not over paying !!
Metalman
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Bedrock of the Community
United States
20753 Posts |
I go to coin shows all the time. When I go there I make a list of coins I want, need or like. I make several columns and start a list of approximate prices in each column based on the Red Book, the PCGS web site, several other dealer web sites such as Millers Mint and others. Eventually by the time I go to a coin show I have a decent idea of how much a coin should be selling for. If it's to far above that, I pass. ronaldb112: Do you go to the coin shows in this area? I too live in the Chicago area and go to the Countryside, Itasca and Lamont coin shows every month. Occationally the big ones at Rosemont also. |
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Valued Member
United States
429 Posts |
Just Carl:
Sorry, I have never been to a coin show. This is an auction I am going to. I once lived in Itasca but have never been to the show. I now live near St.Louis. Sometimes I miss the north. I have a list from the auction company and two columns of figures I have been working on for a low price and a high price. I'll let you know if I buy anything.
LeAnn
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Replies: 18 / Views: 1,995 |
Posted 05/02/2007 2:24 pm
