| Author |
 Replies: 10 / Views: 910 |
|
|
Pillar of the Community
 United States
5177 Posts |
Recently I was watching an auction by GreatCollections of a 1921-D Morgan dollar graded MS-63 by PCGS. See: https://www.greatcollections.com/Co...r-PCGS-MS-63What surprised me is the extremely low (IMO) hammer price of the coin: $133.45. According to NumisMedia, a 1921-D in MS-63 should go for around double that amount, i.e. $250. I am missing something? Is this a one-off thing (lucky buyer), or is the market for Morgan dollars imploding as we speak? |
|
|
|
Pillar of the Community
United States
2023 Posts |
PCGS price guide is is $210 but they show other recent sales in the $144-$168 range (with a few outliers that may be CAC). This is the benchmark I would use, not Numismedia. Still a bit of a bargain. https://www.pcgs.com/coinfacts/coin...-d-1/7298/63 |
|
Bedrock of the Community
United States
10982 Posts |
This is a common date in a common grade. The auction result seems market correct. Price guides aren't worth much and NumisMedia Retail is way too high for this date in MS63.
P.S. The hammer price was $118.62. Buyer's fees are not included in hammer prices.
Edited by BH1964
01/13/2025 10:23 pm
|
|
Pillar of the Community
 United States
5177 Posts |
Should I delete NumisMedia from my bookmarks?
|
|
Bedrock of the Community
United States
73688 Posts |
I'm guessing the bidder got lucky.
Errers and Varietys.
|
|
Bedrock of the Community
 United States
10484 Posts |
Strange how auctions work - Somedays coins sell cheaper than other days. Especially after Christmas times seems the best time to get "bargains" at auction houses.
|
|
Pillar of the Community
United States
616 Posts |
Greysheet has the coin at $140 and recent auctions have been in the $120-140 range. Seems at about market, slightly below CPG (collectors price guide).
|
|
Pillar of the Community
United States
4588 Posts |
There were an awful lot of 21Ds struck (over twenty million) and it was about quantity not quality.
This means there's a lot of variation in "value" due to strike. A well-struck specimen is worth quite a bit over "guide" and a poorly struck specimen is worth less.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
|
Pillar of the Community
United States
6997 Posts |
I use NumisMedia as well as other sites for value, however if you solely use numismedia I'd go with their value minus 20%
2 examples of recent wins at GCA
1926 Sesquicentennial Comm. HD MS-64
NumisM. value $281........GCA win w/buyer fees $216.70
1920 Maine Centennial Comm. HD MS-65
NumisM. value $350.........GCA win w/buyer fees $269.50
|
|
Pillar of the Community
United States
4588 Posts |
I'd more think that there are dealers watching GC for coins they can buy to resell closer to "retail". It puts a floor under almost every listing.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
|
Valued Member
United States
345 Posts |
It's a beauty ... common date. Personally, it hammered at a price I still wouldn't buy, simply because of its abundant availability.
|
| |
Replies: 10 / Views: 910 |
|
Posted 01/13/2025 10:20 pm
