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 Replies: 14 / Views: 2,101 |
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Valued Member
United States
105 Posts |
What is the approximate value of a 1889 Morgan graded at MS67?
I have an opportunity to buy one and was wondering what a fair offer would be. Thanks
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Pillar of the Community
Canada
5417 Posts |
If it is certified by NGC or PCGS then it would be given a FMV between $1100-$1200.
1889 Huh? I could've sworn I saw 1887 before. A graded 1889 MS-67 by PCGS or NGC would go in the $16,000-$18,000 range. Not many auction prices realized to look at.
Edited by zxcccxz
06/14/2014 10:59 pm
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Pillar of the Community
 United States
4618 Posts |
ANA ID: 3203813 - CONECA ID: N-5637 Clean a coin that may be worth collecting? Please DON'T! When in doubt, leave it dirty!! 
Edited by Yokozuna
06/14/2014 10:21 pm
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Rest in Peace
United States
10625 Posts |
Any where from $35 to about $15,000 depending on the real grade. Who graded this MS67?
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Valued Member
 United States
105 Posts |
I only have a picture and cannot tell who it is graded by. The owner said it was worth $8500. I is a beautiful coin. It kind of looks like the PCGS package
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Valued Member
United States
105 Posts |
It was graded by " certified silver investors" if that helps
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Rest in Peace
United States
10625 Posts |
Can you post the picture?
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Rest in Peace
United States
10625 Posts |
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Pillar of the Community
Canada
5417 Posts |
So basically it's a basement slabber. Not worth close to the aforementioned prices then. I would think that the actual coin is between MS-63 and MS-64 if you're lucky.
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Pillar of the Community
United States
1002 Posts |
Quote:
So basically it's a basement slabber. Not worth close to the aforementioned prices then... CSI - Certified Silver Investment http://csigrading.com/(Domain Name is currently for sale..) Stay clear of this. Anything graded of value that is not graded by a top tier grading service (like NGC or PCGS) will likely result in extreme disappointment. -At the very least get a second opinion from a trusted collector familiar with the series before making any major purchase... Edited by Night-Hawk
06/15/2014 12:08 am
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Pillar of the Community
Korea, Republic Of
1881 Posts |
That coin is probably far, far away from 67. Those "companies" slab their own coins, and some are cleaned/polished prior to "slabbing." The "MS-67" is probably a cleaned/polished coin in AU/XF or a lower MS coin. Then they stick a random high grade and sell them as the fake grade. If you are buying an American slabbed coin, only buy American coins slabbed by PCGS, NGC, ANACS or ICG. Those are the Top Four that you should ever buy slabbed US coins from. |
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Valued Member
United States
105 Posts |
Thanks for everyone's feedback. You have helped a lot in my decision. I will treat this coin like any Morgan I would be interested in buying and ignore the MS67 grade.
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Rest in Peace
United States
10625 Posts |
What do you grade it based on the picture you have?
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Valued Member
United States
105 Posts |
I am far too new at this to attempt to grade it. It is not worn at all and has a beautiful shine no noticeable scratches or nicks. That's the best I have. Still learning.
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Moderator
United States
23522 Posts |
In truth, one must suspect every aspect of a coin in a third-world holder. They slab cleaned & chemically-altered coins and you normally find coins in such holders that the reputable TPG's won't touch. Of course it isn't a 67 - you can count the number of 1889-P's known in such a lofty grade on one hand and they're $15,000+ coins - and it would be a stroke of luck if it's a righteous MS64. |
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Replies: 14 / Views: 2,101 |
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Posted 06/14/2014 10:16 pm
