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 Replies: 9 / Views: 1,004 |
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Valued Member
United States
498 Posts |
I believe they got this one right but could someone please explain the bidding and final price to me. Seems a little high to me or should I carry my 84 s in my pocket for 30 more years befor I sell it   |
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Pillar of the Community
United States
1393 Posts |
What was the bidding or final price? There is no auction link in your post.
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Valued Member
 United States
498 Posts |
Edited by Mikey07nj
02/22/2015 1:03 pm
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Moderator
 United States
23522 Posts |
As we know, 1884-S circulated heavily and is one of the rarest Morgans in Mint State but fairly common circulated. Oddly enough, though, they're also uncommon as Lowballs. There are only 3 in PCGS P01, and the first wasn't slabbed until 2012, long after Lowballs became popular and many were searching for them. You've got a nice liquid coin there.  |
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Pillar of the Community
United States
1393 Posts |
Uh, that link goes to a steering wheel. This appears to be the coin in question. http://www.ebay.com/itm/1884-S-Morg...em2edd8fa43cPCGS has three of these at PO01, and NGC has 5 at Poor/About Good. I guess that's a low population, perhaps some lowball collectors got in a bidding war? EDIT: @SSDD, do you have any idea why they're uncommon as lowballs? Edited by The Silver Searcher
02/22/2015 1:04 pm
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Valued Member
United States
498 Posts |
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Valued Member
United States
498 Posts |
I guess many in that low of a grade did get melted back in 1980 when the market got flooded with them. It's just funny when your looking at one you want to buy and comparing prices and run across this.
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Rest in Peace
United States
10625 Posts |
Looks like two lowball collectors locked horns over this one.
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Moderator
United States
16697 Posts |
PO1 84-S's don't hit the market too often.
Someone needs it for a low ball registry set.
swcoin.ecrater.com
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Moderator
United States
23522 Posts |
Quote:
EDIT: @SSDD, do you have any idea why they're uncommon as lowballs? Not enough data extant to form any overall conclusions. There are only a very few with PCGS P01 pops of 10 and over, and most of them are obvious issues like the 1921's and 1893-S. Dirty little secret: there are probably thousands of P01's sitting in dealer junk bins and silver holdings across the country. The moment Morgan Lowballing makes the big time, the market will flood. Some issues will always be scarce like the Carson City GSA coins, but one guy with deep pockets and a travel budget could probably slab a thousand P01's in a year and blow the market to smithereens. |
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Replies: 9 / Views: 1,004 |
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Posted 02/22/2015 12:57 pm
