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Fair Price? 1880-S Morgan

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Arael's Avatar
United States
567 Posts
 Posted 11/27/2014  02:55 am Show Profile   Bookmark this topic Add Arael to your friends list Get a Link to this Message Number of Subscribers
Considering buying my first Morgan dollar as this one really catches my eye, but I have no idea about how to price Morgan dollars, would you guys say this is a fair price when considering the toning?

http://www.ebay.com/itm/1880-S-Morg...em566c16776d
Valued Member
167 Posts
 Posted 11/27/2014  03:29 am  Show Profile   Bookmark this reply Add MorganGrader to your friends list Get a Link to this Reply
That's about $100 too high in my opinion.

If you're going to spend $150ish at least get a MS64 and look for a prooflike coin if you want an early S-mint. If you want awesome toning, watch for auctions and be patient.
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Arael's Avatar
United States
567 Posts
 Posted 11/27/2014  03:39 am  Show Profile   Bookmark this reply Add Arael to your friends list Get a Link to this Reply
Thanks for the advice, I guess I will not be purchasing this coin, it's a shame, it's a real beauty!
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167 Posts
 Posted 11/27/2014  05:29 am  Show Profile   Bookmark this reply Add MorganGrader to your friends list Get a Link to this Reply
This coin on HA might go for a bit more than $150 but it would be money well-spent in my opinion.

http://coins.ha.com/itm/morgan-doll...1448-21085.s
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Tim Stroud's Avatar
United States
2661 Posts
 Posted 11/27/2014  06:59 am  Show Profile   Bookmark this reply Add Tim Stroud to your friends list Get a Link to this Reply
Fair market value on this coin is $62. The price an 1880-S in MS63 has dropped $5 since the first of the year.

http://www.numismedia.com/cgi-bin/c...de2=pricesms
Edited by Tim Stroud
11/27/2014 07:01 am
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Necer149's Avatar
United States
457 Posts
 Posted 11/27/2014  07:21 am  Show Profile   Bookmark this reply Add Necer149 to your friends list Get a Link to this Reply
Although with a price that high, he also gives you the option of making an offer. He most likely won't take it but if I really wanted this coin, I'd make an offer for $70. That may be a little bit over the FMV price, but when a coin speaks to me, I have to buy it. It's like an addiction...
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Arael's Avatar
United States
567 Posts
 Posted 11/27/2014  12:12 pm  Show Profile   Bookmark this reply Add Arael to your friends list Get a Link to this Reply
Thanks for all the info, I hate to bother you guys again but I really know nothing about Morgans and would like to have one before christmas, thoughts on this one?

http://www.ebay.com/itm/1881-S-Morg...em4d271d8f3c
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 11/27/2014  12:32 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Await another opinion - these aren't uncommon, and there are others on the market right now - but if I'm looking for a toner I'm probably snapping that one up at the price.

Are you checking the innumerable online dealer outlets? You're likely to beat typical ebay prices, especially for Morgans, because they understand how common Mint State Morgans are in the market. When they list on ebay, they jump the price up a bit.
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Arael's Avatar
United States
567 Posts
 Posted 11/27/2014  12:35 pm  Show Profile   Bookmark this reply Add Arael to your friends list Get a Link to this Reply
SsuperDave, I buy all of my coins in person, but my dealer has a very low selection of Morgans, can you recommend some places to buy online?
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DoubleEagle20's Avatar
United States
1748 Posts
 Posted 11/27/2014  12:36 pm  Show Profile   Bookmark this reply Add DoubleEagle20 to your friends list Get a Link to this Reply
IMHO, the maximum I would go on it is $80, mainly because of the toning. Otherwise it is a $60 coin. If I were you I would look for a nice toned MS-64 or 65. 1880-S is extremely common in mint state. I would recommend that you look into GSA Carson City Morgan dollars. For a few bucks more than the price of this coin, you can get a nice 1883 or 1884-CC.
If you want me to recommend a dealer to you, email me.
Edited by DoubleEagle20
11/27/2014 12:51 pm
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 11/27/2014  12:46 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
We've a ton of previous discussions/recommendations of online dealers but I'm posting from my smartphone so it would be difficult for me to dig up more than a couple links. There are a large number of reputable online dealers offering Morgans; the market has very much embraced the Internet, especially in the last 5 years.
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167 Posts
 Posted 11/27/2014  1:26 pm  Show Profile   Bookmark this reply Add MorganGrader to your friends list Get a Link to this Reply
The one you posted an hour ago does nothing for me. That's about $20 too pricey.
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 Posted 11/27/2014  1:34 pm  Show Profile   Bookmark this reply Add MorganGrader to your friends list Get a Link to this Reply
Arael, what's the max you're willing to spend? You posted a $160 coin and then a $70 coin. If you give us an idea of a budget and what you're looking for, I'm sure you'll get more input as well as more suggestions.
Edited by MorganGrader
11/27/2014 1:36 pm
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Arael's Avatar
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567 Posts
 Posted 11/27/2014  2:34 pm  Show Profile   Bookmark this reply Add Arael to your friends list Get a Link to this Reply
My budget is around $50-150. I'm looking for one with nice eye appeal and ideally some toning, I really know nothing of Morgans so sorry for all of this hassle.
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machine20's Avatar
United States
1277 Posts
 Posted 11/27/2014  2:38 pm  Show Profile   Bookmark this reply Add machine20 to your friends list Get a Link to this Reply
Why not look at the graded ones up for auction on ebay? That will give you a much better idea of what they are really worth.
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machine20's Avatar
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