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Morgan Question

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Sparhawk's Avatar
United States
80 Posts
 Posted 03/27/2008  11:35 am Show Profile   Bookmark this topic Add Sparhawk to your friends list Get a Link to this Message Number of Subscribers
I looked a set of Morgans that have been called the "Wild West Collection" which includes (1)1882-CC, (1) 1883-CC and (1) 1884-CC, all MS65. The set is going for $1250. I looked up these coins on the PCGS site and they go for $450-$750 each, making this set a nice buy but not exceptional.

The PCGS site has three different prices for the 1882-CC Morgan. What is the difference in the three? There is a huge difference in cost (one 1882-CC goes for $2500), but each coin appear to be the same on the details page. The only difference I can see if the PCGS number...

I've been collecting for a couple of years but only recently have tried to learn more about what I have...or will have.
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amac44's Avatar
United States
3242 Posts
 Posted 03/27/2008  11:42 am  Show Profile   Bookmark this reply Add amac44 to your friends list Get a Link to this Reply
$1250.00 PCGS MS-65 sounds good but it may be too good?
*maybe Bryant&Superdave can help better than I?
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eaglefoot's Avatar
United States
6326 Posts
 Posted 03/27/2008  11:53 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
That sounds like an awesome deal to me !......I'd do it!
2008 RedBook (individually has those three totaling $1,725.00 .....if they're indeed MS-65 and have never been cleaned in any way)...(of course you want to "buy" much cheaper than RedBook listed prices....)
There are no varieties in the years you mentioned like the 1878-CC, 1879-CC, 1880-CC has.........but the PCGS grade should stand for one the same as the other......Are these coins "slabbed" or "raw" ?
But yeah.....sounds like Superdave time........
Edited by eaglefoot
03/27/2008 11:57 am
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biokemist6's Avatar
United States
12437 Posts
 Posted 03/27/2008  12:22 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
If the set is slabbed by a legit TPG and accurately graded, then it is not a bad deal. The three prices you see listed for each date is regular MS, proof-like(PL), and deep mirror proof-like(DMPL). If a Morgan was minted with fresh dies, it can have a cameo effect with frosted devices and mirrored fields similar to a proof strike- they are desirable and can get very expensive for some dates/mints.
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Sparhawk's Avatar
United States
80 Posts
 Posted 03/27/2008  1:20 pm  Show Profile   Bookmark this reply Add Sparhawk to your friends list Get a Link to this Reply
My Bad, guys. The set is going for $1450. Still, A good price I think:

http://www.zoomcoin.com/rare-coin-specials/

about half way down the page. They are MS-65 by NSG....
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Conder101's Avatar
United States
17884 Posts
 Posted 03/27/2008  5:38 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
quote:
They are MS-65 by NSG

No by NGC, big differenence. NGC is a trusted grading firm, NSG is a fly-by-night firm using generic shells.

But since this is by NGC as 65 you will find that most people will value them if you go to sell them at the PCGS MS-64 level. So look at the PCGS 64 prices for these and see if it is still a good deal.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 03/27/2008  8:22 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
NGC has graded roughly 2200 1882-CC's in MS65, and roughly 3400 each of 1883 and 1884. A little judicious shopping, if you really want those coins, will get you each of them for less than $400 each. In a PCGS MS65 slab.

Guess what I'd do.
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Sparhawk's Avatar
United States
80 Posts
 Posted 03/28/2008  09:17 am  Show Profile   Bookmark this reply Add Sparhawk to your friends list Get a Link to this Reply
Should have put on my glasses (ref the NSG vs NGC thing) I don't have any Morgans at this level and was looking to increase my collection. It's a little intimidating when comparing gradings, companies, details, etc. I want to get it right...or at least as close as I can. Thanks for your comments!
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