| Author |
 Replies: 25 / Views: 2,682 |
|
|
|
Pillar of the Community
United States
1531 Posts |
5 Hours later....  |
|
Pillar of the Community
United States
9794 Posts |
Fantastic pick up and a free $100+ book to go along with it? Nice bonus!! MS64PL probably and a retail price of $1700-2000, not counting the book, which can be found around $150-175 easily or $120 if you wait long enough for a deal, though that copy looks like it's hardly been used, so it might even be worth more like $175-225! The GSA box complete with the correct certificate is a huge plus, and it's in like new shape which you don't see often either. The boxes are usually faded, scratched, with missing certificates and broken or torn hinges, the holders themselves are often badly scratched too. Looks like this one was rarely opened, and just put away. If this coin makes a DMPL grade then add a bunch of $$$ to my guess! I dream of finding collections like this, as it was probably mostly collected and purchased in the late 1960's to early 1970's by the sound of the coins and patterns it contains, I'm sure your LCS will do very well selling this one off. This is a collection that probably should have been turned over to a large auction firm for evaluation and most of the coins would be sent off for slabbing before auction, even with an 15-20% seller commission, I'm sure the relative would have realized a LOT more than he ended up getting from any LCS. Just from what you mention it is easily worth well in excess of $20K minimum and more like $50-70K if the proofs are higher grade and problem free. WOW worthy just thinking about it, if all the coins are even 70% as good as the one you are showing us here, then  "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
|
Moderator
 United States
23522 Posts |
Quote:
I think it was a post on CCF .. where one member said he would buy all the 1885 CC's he could .. that stuck in my head.
If that wasn't me, it could have been. I'm pretty high on 1885-CC as a "collectible" Morgan - tough but available in higher grades, popular among collectors, really nice looking. A very liquid coin due to demand, even for a Morgan, in just about any grade. And yours is a nice one. Great frosty contrast, easy 64 from the images with a good shot at PL. Even without PL, quite well-bought at the price while not doing your shop a financial disservice. Just a good deal all around, and you won't need to have this one TPG'd to be sellable. |
|
Bedrock of the Community
 United States
11951 Posts |
The shop did take a couple pictures of two coins .. to send out for a offer. I ask them to send them to me this morning. (just wanted to add .. these two coins are just part of the collection that came in ... not ones I bought) 1865 Seated dollar PR 63   1869 pattern 50 cent   Edited by GR58
07/12/2014 12:41 pm
|
|
Bedrock of the Community
United States
11951 Posts |
Westcoin - I think you are very accurate in your valuation of this collection. I do agree they would have ended up with more money by selling at a good auction house. But they are only going to be in the U.S. for a few days. I wish I could go through all the stuff they were needing to get rid of. ... guns .. watches .. They did ended up getting closer to your high number, much more then the 20k low number. Of course I did not list all they had. When I see a collection like this one, I always look at my collection and think I am not focused on getting better coins. My collection may be worth what this one is ... but I have more common and low grade coins. This collection had very few common coins, maybe 10 total. The person who put it together seemed to like Morgan CC's and unique coins. His slabbed stuff was mostly 63/64. The GSA OGP coins were about the only stuff he did not have slabbed. Other stuff he had was a 1909 S vdb AU 50, 1920 full head SLQ, 1916 D MS 63 or 64 Barber quarter. There was a 1917 SLQ but I don't remember the details .. with so many nice coins it was hard to focus on all of them. This collection I think will help me focus in my future purchases. A couple years ago we had a thread about what makes a good collection. I think the focus went to how many keeper/better coins a collection has. From that thread I started trying to acquire better coins. This 1885 makes my fifth GSA CC Morgan, with two raw CC's. With a total of 160+ Morgan/Peace dollars. I really would like to get some of those proofs from the 1800's. |
|
Pillar of the Community
United States
4692 Posts |
|
|
Bedrock of the Community
United States
11951 Posts |
Quote: Great frosty contrast, easy 64 from the images with a good shot at PL. Even without PL, quite well-bought at the price while not doing your shop a financial disservice. Just a good deal all around, and you won't need to have this one TPG'd to be sellable. Dave thanks again for your comments. I have signed up for NGC and plan on sending in a lot of lot to be graded this year. While I am not planning on selling this coin anytime in the near future, in my head I think I might sell off a good portion in maybe 10 plus years. Or some, now, of the multiples or common stuff .. to buy better coins. My question is. Don't you think this coin would sell better if it was graded? There seems to be a big jump between MS 63 and 64. There is one hit no one has mentioned, to the left of the (D) in dollar on the reverse. I was even thinking if I did send this one in to add the VAM 3, even though it is not a top 100, hit list 40 etc. Would a potential buyer be more interested if they had all the information right there on the coin/GSA holder? |
|
Pillar of the Community
United States
1531 Posts |
|
|
Moderator
United States
23522 Posts |
Quote:
My question is. Don't you think this coin would sell better if it was graded? Probably, as long as it remains in the original holder. It's of a type, though, which wouldn't lack for potential buyers even if not certified. Quote:
There is one hit no one has mentioned, to the left of the (D) in dollar on the reverse. Saw that, and didn't worry so much. It's quite possibly a planchet defect; one would expect collateral damage were it a postmint hit. Quote:
Would a potential buyer be more interested if they had all the information right there on the coin/GSA holder?
It's the completeness of the set - original holder and paperwork - which makes it an attractive proposition without the holder. |
|
Pillar of the Community
United States
9794 Posts |
Quote:
Westcoin - I think you are very accurate in your valuation of this collection. I was just adding up $1K amounts on my fingers as I read through your descriptions of the coins. This would be any LCS dream collection to walk in the door. As long as they had the funds to purchase outright on the spot. They will make a killing I'm sure. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
| |
Replies: 25 / Views: 2,682 |
First Page
Posted 07/12/2014 06:09 am
