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Morgans/Peace Dollars - Way Below Spot

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The Silver Searcher's Avatar
United States
1388 Posts
 Posted 02/05/2021  8:07 pm Show Profile   Bookmark this topic Add The Silver Searcher to your friends list Get a Link to this Message Number of Subscribers
Hey all, noticed something on ebay lately. I'm always in the market for some average circulated Morgan and Peace dollars, and sometimes I sort by sold on ebay to see what they go for.

And I find listings like this:

https://www.ebay.com/itm/1923-Peace...114521192175

How does this happen? Do these just not appear properly or something like that? It's a nice dollar in a legit PCGS slab (I ran the number.)

It seems like if I keep an eye on ebay things like this can show up.
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Slider23's Avatar
United States
4468 Posts
 Posted 02/05/2021  8:46 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
Did you buy the coin for $1.99? If so, lets hope the seller ships and the item is not of stock.
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Pacificoin's Avatar
Canada
5394 Posts
 Posted 02/05/2021  8:53 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Guaranteed an incomplete sale or a mistake listing .
No one is living on Mars with the Morgan
And Peace dollar Market .
They are hotter than firecrackers on the 4th
of July these days , with many major dealers OOS !
No fool is going to deliver at a $1.99, they will take a hit on ebay
First .
Edited by Pacificoin
02/05/2021 8:56 pm
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collector.detector's Avatar
United States
505 Posts
 Posted 02/05/2021  10:08 pm  Show Profile   Check collector.detector's eBay Listings Bookmark this reply Add collector.detector to your friends list Get a Link to this Reply

Quote:
I see no $1.99 Peace dollar in his "Sold Items" history


I clicked completed listings on his profile and it sold on November 15th for $1.99.
I think he meant to put it up for auction but accidentally put a 'but it now'.
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Wade's Avatar
Canada
2781 Posts
 Posted 02/05/2021  10:41 pm  Show Profile   Bookmark this reply Add Wade to your friends list Get a Link to this Reply
they sell bibles, sermons and scripture for a living...

maybe they don't care, aren't knowledgeable, or are just plain being generous (hopefully in return for some good karma)?

could've been a type-o that should've been $19.99 or $99.00

either way, the seller doesn't seem to be a wolf in sheep's clothing, so bookmark them and maybe you'll get a deal :)


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westernsky's Avatar
United States
7614 Posts
 Posted 02/05/2021  10:41 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
Listing mistake most likely.

Contact the Seller thru ebay and ask him what happened.
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Rothery's Avatar
2145 Posts
 Posted 02/05/2021  11:01 pm  Show Profile   Bookmark this reply Add Rothery to your friends list Get a Link to this Reply

Quote:
I clicked completed listings on his profile and it sold on November 15th for $1.99.
I think he meant to put it up for auction but accidentally put a 'but it now'.

Probably the fastest sale of a "BIN" listing in ebay history
Valued Member
United States
284 Posts
 Posted 02/06/2021  08:48 am  Show Profile   Bookmark this reply Add Kcm to your friends list Get a Link to this Reply
I posted this a while ago (as attested) on another site. I am trained in research, though I applied my training to a field far-flung from numismatics. I suggest here, also -- and again, that ebay based research should be done with one brow cocked -- too much toxin (questionable, self-serving data insertions) to be safely ingested. Still, brow aloft, I go there, quite often.

*********

Sat Jul 18, 2020 11:39 am
When I become curious about a coin's market value, I tend to take advice from [expert's name omitted for this re-post]. I understand [name] to advise that the most reliable route to accurate info is to go to ebay and once there skip the asking prices and go instead to check the SOLD ITEMS checkbox in the left-side column.

I maintain interest in several non-numismatic collectibles including vintage Disney animation cels.

I went to Ebay/ Keyword: Disney cels / Show only sold items/ List from highest plus shipping to lowest. My specific interest was in a vintage matched set of SONG OF THE SOUTH Limited Edition cels. I own #143/350 bought in the year of issue, 1986, methinks.

Here's what I learned using the aforementioned research method: On April 30, 2020, a seller using the name rahoregon sold a matched set like mine as "buy it now" for $1,995.00. His was number 88 of 350. : On June 25, 2020, a seller also using the name rahoregon also sold a matched set like mine also as "buy it now" for $2,995.00. His was also number 88 of 350.

Does this have repercussions for coin collectors doing research, or is it somehow explainable? Beats me!

Kevin
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nss-52's Avatar
United States
54280 Posts
 Posted 02/06/2021  10:47 am  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply
here are 12 1923 Peace dollars that sold for less than $15

https://www.ebay.com/sch/i.html?_fr...ess&_udhi=15
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Valued Member
United States
284 Posts
 Posted 02/06/2021  10:57 am  Show Profile   Bookmark this reply Add Kcm to your friends list Get a Link to this Reply
Nice research route! @nss-52. I would, however, dismiss a few bits: those akin to the "1 bid $0.99 followed by the note 'Best offer accepted.'" The bidding obviously froze at the moment of offer acceptance and we don't know much about that offer. You do cite other examples highly supportive of your position, methinks.

Kevin
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Ballyhoo's Avatar
United States
1613 Posts
 Posted 02/06/2021  11:18 am  Show Profile   Bookmark this reply Add Ballyhoo to your friends list Get a Link to this Reply
On those same lines, there are currently many one dollar 90% commemoratives for less than melt. I see several in the $20-25 dollar range with shipping. Silver is at $26.72 and has been holding near that mark. Just saying.
ANA member - PAN Member - BCCS Member
There are no problems only solutions - the late, great John Lennon
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JJuliano's Avatar
United States
705 Posts
 Posted 02/06/2021  11:44 am  Show Profile   Bookmark this reply Add JJuliano to your friends list Get a Link to this Reply
Probably meant to be an auction and was accidentally placed under BIN. I've done it once(worse than this) and didn't sell it. It was a mistake and before I could correct it it sold. Too bad if people don't like it. I get it but you also need to be understanding. I'll take the negative hit if necessary. I'm also more careful now.
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thq's Avatar
United States
3343 Posts
 Posted 02/06/2021  12:29 pm  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
Just perusing the bay for the last few days, junk gold and silver are commanding stiff premiums. Junk silver sits around $30-40/oz, and low grade gold coins trade at ca 25% over melt. Take all the $1.99 genuine Morgans you can get.

Low end gold rarities have completely dried up, though the silver spree emptied a few cupboards of interesting coin silver antiques. Some nice cups and canns from pre Civil War, but not trading in the scrap silver price range.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
02/06/2021 12:30 pm
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Pacificoin's Avatar
Canada
5394 Posts
 Posted 02/06/2021  1:24 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Just remember the old saying ....." No Santa Claus when it comes to numismatics ."
It is absolutely nuts to think you can buy Silver Dollars for a 1.99.
Especially with everyone from the plumber to the Uber driver talking about it .
Even one ounce Maples are 4 to 5 dollars over spot .
Edited by Pacificoin
02/06/2021 1:25 pm
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trdhrdr007's Avatar
United States
2335 Posts
 Posted 02/07/2021  12:01 pm  Show Profile   Bookmark this reply Add trdhrdr007 to your friends list Get a Link to this Reply
I guess I'm old school. I've had a few items over the last several years that I mispriced, meant to charge shipping but accidently left free shipping checked, BIN when I meant auction, etc. I've always honored the sale.
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Zurie's Avatar
United States
5663 Posts
 Posted 02/07/2021  12:15 pm  Show Profile   Check Zurie's eBay Listings Bookmark this reply Add Zurie to your friends list Get a Link to this Reply

Quote:
there are currently many one dollar 90% commemoratives for less than melt. I see several in the $20-25 dollar range with shipping.


Modern $1 silver commemoratives contain 0.77 troy oz of silver, so most of those are selling above melt.
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