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 Replies: 136 / Views: 23,789 |
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Valued Member
United States
78 Posts |
hey everyone - what do you think I should pay (high and low price) for the following GSA CC Morgans
1880
1881
1884
1885
any feedback would be great!
the guy said he wants around $1000
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Pillar of the Community
Canada
5417 Posts |
Hmm.. $1000 pretty high. Unless your looking at some very good quality Morgans.
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Moderator
 United States
23522 Posts |
Price relates directly to grade, and $250 per coin means you want them better than MS63 each - although the 1885 is a pretty pricey piece and has a bearing on the final number. However, this means you need to be able to estimate grade yourself. Where do you stand in this regard?
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Rest in Peace
United States
10625 Posts |
That's a smokin' deal for the lot if MS condition in OGP.
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Valued Member
 United States
78 Posts |
thanks for all the feeback so far guys! i was thinking of initially offering him $400 for the lot - considerably lower than the price he told me he wanted. i am not a coin grader by any means - I have general knowledge but nothing professional - neither does he though - he knows very little and is going based on the whitman Red Book lol my plan is to buy them and have them sent in to PCGS for grading and hang on to them at least until I get a duplicate coin of a higher grade or possibly indefinitely as a part of my collection. at this point I only own one CC morgan - a GSA 1882 sorry for my ignorance but what is OGP ? |
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Rest in Peace
United States
10625 Posts |
Original government plastic (holder)
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Moderator
United States
23522 Posts |
$400 is an extreme lowball. Assuming they're Mint State - probably a safe assumption in OGP - the 1885 alone is certainly worth more than $400. The others are probably $200 each, minimum, but varying by grade. But that 1885 is the key; in MS65 it's a $1000 coin. That's why grading skills are imperative.
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Valued Member
United States
78 Posts |
thats exactly why I'm asking the question here so I can get more info before we meet up...
they are all sealed in the OGP yes to clarify
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Pillar of the Community
United States
1370 Posts |
The 80 and 81 are good dates as well the only "common" is the 84 which is at minimum worth $175 (assuming MS). The 80 and 81 are again at least $400 a pop (assuming MS)then the 85 is a $500 coin as well.
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Bedrock of the Community
United States
11951 Posts |
In my experience, if you offer a very low bid ...you might not get the coins at all.
If possible check with a local dealer and see what they would offer.
When I buy coins like that, I offer the dealer amount, or a little less
In ca we I want to sell some of them.
As Superdave posted, the 1885 is the key to this deal.
GSA coins sell higher then raw, but a raw 1885 CC greysheet's at
$600 in MS-60' so a good dealer might pay $360 to $400 for just that coin.
Of course if the coin is higher than MS-60 ... The price would get higher.
If I was buying these four coins, and the boxes were in good shape, with COA I would have no problem paying $600 or $700. If the coins look like they are better grades, $800 would still be a very good deal.
Of course the $1000 is not a bad deal ...but it is always nice to get as good as deal as possible.
Edit ... After I posted I saw I was looking at the wrong dates ...did not see one was a 1880 CC. It greysheet's raw MS-60 at $455. $1000 is really a good price for these coins.
Edited by GR58
10/25/2013 1:17 pm
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Moderator
United States
23522 Posts |
Let's put it this way - shadowtrooper's estimate of the 1880 & 1881 is relevant - I'd throw $1000 at the guy for those. Any much less (maybe GR58's $800 at lowest), and I'd be a bit morally-bothered by shortchanging the guy. Ensure they're original in the holder, and they're Mint State, and take them and run.  |
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Pillar of the Community
United States
1554 Posts |
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Valued Member
United States
78 Posts |
LOL that meme is so good!
okay guys this is awesome - I feel great about this now
i'll try to get a great deal that we're both happy about :)
i will post pics if I end up getting the coins - should be within 1-2 days
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Pillar of the Community
United States
2936 Posts |
Your question is a quadratic equation... There are so many variables... For instance.... Is the 1880 a reverse of '78 or '80. In GSA holders, the coins should be MS (and say so - "Uncirculated"). You're mighty close to $2K for the lot instead of $1K IMO. PG
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Pillar of the Community
United States
2543 Posts |
" Show Him the Money " and run. Check this page as a guide PCGS used to take these out of the OGP and slab them with a GSA label. They have recently come out with a new slab that encompasses the whole GSA holder, much nicer. Edited by denco7
10/25/2013 4:31 pm
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Pillar of the Community
1751 Posts |
He's asking $1k? Offer him $900, I'll pay you $1050 for them. Easy $150 for you. And yes, I'm dead serious.
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Replies: 136 / Views: 23,789 |
Posted 10/25/2013 11:43 am
