1880-O Morgan Silver Dollar NGC MS-65 - Worth Keeping Or Go Down In Price?

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Author	Replies: 5 / Views: 2,160
christians86 Valued Member Norway 61 Posts	Posted 01/31/2017 09:46 am Hi, I'm currently trying to sell a 1880-O Morgan. The price is 9500 USD ex buyer's premium. (10%) - I'm considering about dropping to 9000 and just buy silver bullion instead. Reason for that is that the silver bullion is from a series with very low frequency of MS70. Lately, and I do see that it can change these have gone for about 1000 USD a piece. Even if I were to get only 400-500 USD it would still give me better return on my money. But I'm wondering...is it just the wrong time for selling, or is Morgans so out of date when it comes to prices? And can this change? (In the sense that it's like a roller coaster and this market is on the bottom and can climb in the near future?) thanks :) Report this Post to the Staff

twohawks Pillar of the Community United States 1551 Posts	Posted 01/31/2017 10:15 am 1880 O Morgan dollars hammer all over the place when they come up. This happens when the auction has less interest. But once you cross into the upper level of collecting the number of deep pocket collectors is far less. The last one I saw in PCGS graded MS-65, was last year an it was a "NO SALE" with reserve. I know 3 collectors that just spent over 15,000 or more on a single coin, all 3 are out of the market for a little bit because they spent large money. PCGS price guild has an MS-65 priced at 25,000 in their holder at MS-65, I think that number is a pipe dream for an MS-65 as the one that was a no sale did not make it to 1/2 that with a 17.5% BP. As far as where you are better off collecting, with a better return in mind. I would say "anyone" that states he has a crystal ball is delusional! Coins and metal markets go up and down. Metals are really not a free market and coins do make the better investment but it comes down to venues that you liquidate as well as timing. Coin collection advantage is, that if you enjoy the hobby you have enjoyment as well as an investment. But just like investing knowledge is key, and just like picking 20 stocks you will not make money on all of them! Report this Post to the Staff
fioti Pillar of the Community United States 4212 Posts	Posted 01/31/2017 11:59 am http://www.numismedia.com/cgi-bin/c...de2=pricesms I agree w/2hawks. I also believe there's been a rise in pops. You certaintly go by the bay alone, as a few of the Os are actually Ss. Report this Post to the Staff
Imthealphaomega Pillar of the Community United States 3210 Posts	Posted 02/02/2017 10:28 am If you want $500 for a NGC 1880 O MS65 I will buy it off you. PM me if you'd like to broker a deal. If you could provide pictures that'd be awesome. Report this Post to the Staff
coin197 Pillar of the Community United States 1963 Posts	Posted 02/02/2017 10:43 am Quote: If you want $500 for a NGC 1880 O MS65 I will buy it off you. PM me if you'd like to broker a deal. If you could provide pictures that'd be awesome. Greysheet bid for a 1880 S Morgan in MS 65 is $21000! Report this Post to the Staff
twohawks Pillar of the Community United States 1551 Posts	Posted 02/02/2017 12:09 pm I think 1880 O is what you meant. Report this Post to the Staff
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