Extremely Rare 1885 Trade Dollar Could Be Worth $2m At Auction

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Author	Replies: 7 / Views: 1,927
KingFridayXIII New Member United States 45 Posts	Posted 02/12/2020 11:53 am Thought some people here would be interested in reading this in case you haven't heard.. https://www.foxnews.com/science/rar...-be-worth-2m Report this Post to the Staff

Alpha2814 Pillar of the Community United States 2023 Posts	Posted 02/12/2020 12:44 pm There's no link for that lot at the StacksBowers site yet, so there aren't any pictures. Report this Post to the Staff
CalzoneManiac Pillar of the Community United States 2233 Posts	Posted 02/12/2020 12:45 pm Guessing they're referring to the Trade dollar. The '85 Morgan is common as dirt even in high grades. Report this Post to the Staff
GrapeCollects Pillar of the Community United States 8938 Posts	Posted 02/12/2020 1:11 pm Quote: Guessing they're referring to the Trade dollar. The '85 Morgan is common as dirt even in high grades. Yep. But what do you define as high? For me a "high grade" Morgan is MS-67, relative rarity ignored. Report this Post to the Staff
CalzoneManiac Pillar of the Community United States 2233 Posts	Posted 02/12/2020 4:17 pm PCGS lists a MS-68 1885 Morgan at $22,500. While that's a lot of money that's no $2 million. A MS-67 is listed at only $2500. Report this Post to the Staff
Alpha2814 Pillar of the Community United States 2023 Posts	Posted 02/12/2020 4:28 pm The auction is for a Trade dollar, not a Morgan. From the article (which does have pictures): Quote: "While the Mint had ended production of circulation-strike Trade dollars in 1878, Proof examples were officially distributed in Proof sets through 1883," explained auction house Stack's Bowers Galleries in a statement. "Additional Proof examples were struck at the beginning of 1884, but were never distributed and all but 10 were eventually melted. It is believed that a similar situation occurred in 1885, leaving just five examples of that date for collectors today." Report this Post to the Staff
CalzoneManiac Pillar of the Community United States 2233 Posts	Posted 02/12/2020 4:32 pm I do think the title of this post should reflect the fact that it is the Trade dollar, so we don't get an influx of collectors posting their slider 1885 Morgans thinking they're gonna be millionaires. Report this Post to the Staff
GrapeCollects Pillar of the Community United States 8938 Posts	Posted 02/12/2020 4:34 pm Quote: PCGS lists a MS-68 1885 Morgan at $22,500. While that's a lot of money that's no $2 million. A MS-67 is listed at only $2500. Yep. Those ultra high grades go for a ton. You can see the drop in price due to amount available. You can get a 67 for ~$500-600. Not rare by any means. A 68 though.... different ball game. I paid 1k for my 67, but it's a heckuva toner. Report this Post to the Staff
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