1884 S Morgan NGC Certified - Coin Community Forum

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Author	Replies: 9 / Views: 971
Mikey07nj Valued Member United States 498 Posts	Posted 02/22/2015 12:53 pm 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 Report this Post to the Staff

The Silver Searcher Pillar of the Community United States 1388 Posts	Posted 02/22/2015 12:54 pm What was the bidding or final price? There is no auction link in your post. Report this Post to the Staff
Mikey07nj Valued Member United States 498 Posts	Posted 02/22/2015 12:57 pm Sorry 201285674044 Edited by Mikey07nj 02/22/2015 1:03 pm Report this Post to the Staff
SsuperDdave Moderator United States 23522 Posts	Posted 02/22/2015 1:00 pm 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. Report this Post to the Staff
The Silver Searcher Pillar of the Community United States 1388 Posts	Posted 02/22/2015 1:02 pm Uh, that link goes to a steering wheel. This appears to be the coin in question. http://www.ebay.com/itm/1884-S-Morg...em2edd8fa43c PCGS 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 Report this Post to the Staff
Mikey07nj Valued Member United States 498 Posts	Posted 02/22/2015 1:04 pm 201285674044. That's it Report this Post to the Staff
Mikey07nj Valued Member United States 498 Posts	Posted 02/22/2015 1:07 pm 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. Report this Post to the Staff
dave700x Rest in Peace United States 10625 Posts	Posted 02/22/2015 1:15 pm Looks like two lowball collectors locked horns over this one. Report this Post to the Staff
vermontensium Moderator United States 16679 Posts	Posted 02/22/2015 1:22 pm PO1 84-S's don't hit the market too often. Someone needs it for a low ball registry set. swcoin.ecrater.com Report this Post to the Staff
SsuperDdave Moderator United States 23522 Posts	Posted 02/22/2015 2:43 pm 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. Report this Post to the Staff
	Replies: 9 / Views: 971

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