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1889-CC Morgan Dollar Steal?

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Snobro110's Avatar
United States
137 Posts
 Posted 07/17/2021  1:34 pm Show Profile   Bookmark this topic Add Snobro110 to your friends list Get a Link to this Message Number of Subscribers
Hello, I was looking on Etsy for some hilarious coin listings & came across this. https://www.etsy.com/listing/105204...041819&frs=1

It's listed for about $825 in PCGS VF35. The website says the highest you can sell it for $2,400. Steal? I feel like I'm missing out on something. Can any professional guide me on what I should do if I were to consider buying it?

*** Moved by Staff to a more appropriate forum. ***
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Snobro110's Avatar
United States
137 Posts
 Posted 07/17/2021  1:34 pm  Show Profile   Bookmark this reply Add Snobro110 to your friends list Get a Link to this Reply
*The PCGS Price Guide says it can sell for $2,400
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Snobro110's Avatar
United States
137 Posts
 Posted 07/17/2021  1:41 pm  Show Profile   Bookmark this reply Add Snobro110 to your friends list Get a Link to this Reply
Exciting news: https://northernnevadacoin.com/prod...-nnc-193190/ I seriously think I found a gold mine!
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Coinfrog's Avatar
United States
94367 Posts
 Posted 07/17/2021  1:42 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Not entirely sure I understand the question here.
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Snobro110's Avatar
United States
137 Posts
 Posted 07/17/2021  1:44 pm  Show Profile   Bookmark this reply Add Snobro110 to your friends list Get a Link to this Reply
Sorry about that. I guess the question I wanted to ask is if I should trust the seller?
Valued Member
Canada
191 Posts
 Posted 07/17/2021  1:46 pm  Show Profile   Bookmark this reply Add Fefimo to your friends list Get a Link to this Reply
When it seems too good to be true it usually is. There are deals out there so you maybe got lucky. Seller has one other sale.
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Snobro110's Avatar
United States
137 Posts
 Posted 07/17/2021  1:50 pm  Show Profile   Bookmark this reply Add Snobro110 to your friends list Get a Link to this Reply
I just found the same image on a ton of other sites for the correct amount of money. Good thing I didn't get my hopes up!
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Snobro110's Avatar
United States
137 Posts
 Posted 07/17/2021  1:57 pm  Show Profile   Bookmark this reply Add Snobro110 to your friends list Get a Link to this Reply
I can't even find the report button for the seller OR the item. Hopefully, nobody buys it.
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Zurie's Avatar
United States
5667 Posts
 Posted 07/17/2021  2:01 pm  Show Profile   Check Zurie's eBay Listings Bookmark this reply Add Zurie to your friends list Get a Link to this Reply
Probably a fake slab. The PCGS number is not a valid number on the PCGS cert verification site.
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hokiefan_82's Avatar
United States
3641 Posts
 Posted 07/17/2021  3:55 pm  Show Profile   Bookmark this reply Add hokiefan_82 to your friends list Get a Link to this Reply
Seems to be a valid cert but fraudulent listing, especially if you've found the same coin listed elsewhere!
1889-CC-Morgan-Dollar-Steal?
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Edited by hokiefan_82
07/17/2021 4:04 pm
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jimbucks's Avatar
United States
4691 Posts
 Posted 07/17/2021  4:20 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
Etsy? Really? Scam City. It's no better than Penny Saver or Craigslist crap. Don't be a victim.
Edited by jimbucks
07/17/2021 4:24 pm
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tdziemia's Avatar
United States
7939 Posts
 Posted 07/17/2021  4:21 pm  Show Profile   Bookmark this reply Add tdziemia to your friends list Get a Link to this Reply
Interesting ...

The item is in Spain, the seller does not appear to be a coin dealer.
Possibly they are unaware the value is much higher (if real).

But yeah, only 1 previous sale?

According to the PCGS auction database, 4 examples of 1889-CC Morgans graded VF-35 have sold this year, in a narrow price range from $1920-2040.

Sounds like you could make a few bucks. Or lose 825
Edited by tdziemia
07/17/2021 4:24 pm
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hokiefan_82's Avatar
United States
3641 Posts
 Posted 07/17/2021  4:37 pm  Show Profile   Bookmark this reply Add hokiefan_82 to your friends list Get a Link to this Reply

Quote:
Sounds like you could make a few bucks. Or lose 825


With all the the potential issues you listed, tdziemia, plus the big red flag of it being on Etsy, I'd bet very heavily on the "lose 825" side of the equation .
Member of SPMC, FCCB, ANA and ANS.
My U.S. Classic Commemorative Complete Set: https://www.NGCcoin.com/registry/co...sets/278741/
My U.S. Fractional Note Set: https://notes.www.collectors-societ...eSetID=34188
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westcoin's Avatar
United States
9792 Posts
 Posted 07/17/2021  4:44 pm  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
Northern Nevada Coin - is a good shop, Allen Rowe is the owner as to your post with the link to them.

The Etsy deal is a fake, scammer trying to rip off unsuspecting buyers. Long time well known scam.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
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hokiefan_82's Avatar
United States
3641 Posts
 Posted 07/17/2021  5:26 pm  Show Profile   Bookmark this reply Add hokiefan_82 to your friends list Get a Link to this Reply

Quote:
Northern Nevada Coin - is a good shop


Agreed. I've not done a lot of business with them, but never have had any issues. I suspect the OP was just showing the similarity in price between the reasonably-priced Northern Nevada coin at VG8 and the scam Etsy coin graded at VF35...
Member of SPMC, FCCB, ANA and ANS.
My U.S. Classic Commemorative Complete Set: https://www.NGCcoin.com/registry/co...sets/278741/
My U.S. Fractional Note Set: https://notes.www.collectors-societ...eSetID=34188
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westcoin's Avatar
United States
9792 Posts
 Posted 07/17/2021  6:12 pm  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
I get that, I just wanted to make sure Allen stores weren't misaligned in this discussion.

Northern Nevada Coin = The good guys!
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
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