| Author |
 Replies: 24 / Views: 2,477 |
|
Pillar of the Community
United States
1963 Posts |
A dealer I know is offering a ANACS Graded 1878 CC Morgan dollar in VF 35 condition for $65. Unfortunately, it has a rim dent, and it is stated on the sticker. Who thinks it's worth the price? |
|
|
|
Pillar of the Community
Canada
4944 Posts |
Can't go wrong at that price, even with the rim dent.
|
|
Pillar of the Community
United States
6370 Posts |
GO FOR IT!
I have sold on in lower grade with many more and much more severe problems for $50.
|
|
Pillar of the Community
United States
4418 Posts |
Good album coin, as the rim ding will be less distracting therein. At that price, I say buy it ...
|
|
Bedrock of the Community
United States
17884 Posts |
Depends on how bad the rim dent is. Was the edge dented with a tack hammer or a sledge hammer?
|
|
Pillar of the Community
 United States
1963 Posts |
Like dropped from 4 feet onto tile kind of rim dent. It is already VAMed, but I forgot the number.
|
|
Bedrock of the Community
United States
94367 Posts |
Damaged cons are easy to buy, but tough to sell.  |
|
Rest in Peace
United States
17900 Posts |
 w the Frog. Damage will always be damage, and you immediately eliminate a lot of buyers even at a cheap price. |
|
Valued Member
United States
408 Posts |
|
|
Pillar of the Community
United States
1499 Posts |
It's been a while since I've been involved in this market. I didn't realize that the 1878-CC Morgan dollar had gone up that much in all grades. It used to be one of the common, "cheap" dates. Although $65 sounds tempting (below the VG bid on the Gray Sheet, I'd think about buying a problem free one. The grade - Gray Sheet price spread is only $95 in VG to $120 in EF. When the spread is that narrow for that range of grades, the prices on the low end are often too high. Most collectors if they want the coin will spring the extra $30 or $35 to get the better one. I bet one would be hard pressed to get a dealer to pay $95 for an 1878-CC Morgan dollar in VG. A more likely price would be $75 or $80 IF he needed one for stock. Otherwise it might be lower. One with VF sharpness and a rim nick worth mentioning would be a tougher sell. Edited by billjones
12/18/2016 10:27 am
|
|
Pillar of the Community
United States
1068 Posts |
If buying it isn't going to hurt you financially and you have the extra money to spend, then why not buy it and not worry about it... Sounds to me a little that you want to buy it so if you want it, then buy it...
IMO, since it is a CC Morgan, I'm sure you will find plenty of buyers out there if you decide to sell it in the future... People like CC minted coins, and they aways sell...
Also, you didn't mention any, would this dealer be willing to negotiate the price any?... If so, try negotiating the price with him a little...
Edited by Bryan78
12/18/2016 10:36 am
|
|
Pillar of the Community
United States
1499 Posts |
Quote:
IMO, since it is a CC Morgan, I'm sure you will find plenty of buyers out there if you decide to sell it in the future... People like CC minted coins, and they aways sell...
There are also plenty of 1878-CC Morgan dollars around. There is nothing rare about it. If a better coin without the problem is around, collectors and dealers are going to shy away from buying the problem. If we were talking about a Carson City Mint Trade dollar that could be another story, but even then don't get traped by problem coins. Today collectors are fussy about defects. |
|
Pillar of the Community
United States
6370 Posts |
Quote:
Today collectors are fussy about defects Except on ebay... |
|
Pillar of the Community
United States
1499 Posts |
Sadly true. The worst counterfeits get bids most of the until they are pulled, or worse yet ... sold.v  |
|
New Member
United States
32 Posts |
What is your budget? Think on that one carefully and then find the best coin you can for your budget. There will probably be nuermous 1878cc Morgan dollars available in the next few months. Don't rush it!! |
|
Pillar of the Community
United States
1068 Posts |
Quote:There are also plenty of 1878-CC Morgan dollars around. There is nothing rare about it. If a better coin without the problem is around, collectors and dealers are going to shy away from buying the problem. If we were talking about a Carson City Mint Trade dollar that could be another story, but even then don't get traped by problem coins. Today collectors are fussy about defects. I'm sure there are plenty of 1878 CC Morgans out and I know the most ardent collectors and dealers wouldn't bat an eye at it... The ones either in the business of selling or have large sums of money to buy rare and expensive coins don't waste their time buying damaged coins but your average Joe Q Public coin collector would probably buy it... Regardless if the OP buys it or not, SOMEBODY will BUY it... Not a matter of if, just when... |
| |
Replies: 24 / Views: 2,477 |
Posted 12/17/2016 08:10 am
