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What Is This Complete Collection Of Morgan & Peace $ Worth?

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Pillar of the Community

Canada
1248 Posts
 Posted 02/05/2010  3:24 pm Show Profile   Bookmark this topic Add hhbkiddo to your friends list Get a Link to this Message Number of Subscribers
The following collection of US-Silver dollars will be offered later this month at an auction overseas. According to the auctioneer, Coin condition is from VF+ to proof, with a conservative average of about AU58.The coins are not graded by a TPG and authenticity is guaranteed by the auction house. The collection is from a European collector's estate.
A Complete collection of Morgan dollars and Peace dollars.
Every year is apparently present with all mints. 1895 is proof.
The rare dates of 1893 S and 1894 are included.
these sample pictures are provided.
What-Is-This-Complete-Collection-Of-Morgan-&-Peace-$-Worth?
Edited by hhbkiddo
02/05/2010 3:29 pm
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RPT's Avatar
United States
920 Posts
 Posted 02/05/2010  4:06 pm  Show Profile   Bookmark this reply Add RPT to your friends list Get a Link to this Reply
According to the price guide in Coinage. The Morgan set is $9000 and the Peace set is $975. I don't believe those are for UNC condition.
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nod2003's Avatar
United States
3294 Posts
 Posted 02/05/2010  4:11 pm  Show Profile   Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
Me either because the 34-S Peace dollar by itself in MS would cost more then $975
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RPT's Avatar
United States
920 Posts
 Posted 02/05/2010  4:31 pm  Show Profile   Bookmark this reply Add RPT to your friends list Get a Link to this Reply
nod2003: You are correct. I'm not sure why some sets get an UNC or circulated price but not both.
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biokemist6's Avatar
United States
12437 Posts
 Posted 02/05/2010  4:45 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
Ummm, if an 1895 Proof is included you wouldn't be able to touch the set for less than $30,000 and if the proof is not impaired then you are looking at $50,000+
Pillar of the Community
Canada
1248 Posts
 Posted 02/05/2010  4:55 pm  Show Profile   Bookmark this reply Add hhbkiddo to your friends list Get a Link to this Reply
Maybe what I should do is , ask for close ups of the 1895 proof?
may be worth it to do...

the auction starts at USD 9000 for the collection. there is also a 15% premium...
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WashQuartJesse's Avatar
United States
173 Posts
 Posted 02/05/2010  5:12 pm  Show Profile   Bookmark this reply Add WashQuartJesse to your friends list Get a Link to this Reply
I think what to do is walk away...
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Moe145's Avatar
United States
8904 Posts
 Posted 02/05/2010  6:23 pm  Show Profile   Bookmark this reply Add Moe145 to your friends list Get a Link to this Reply
I would certainly want more information.

If someone went this far out of their way to collect the entire series, I would expect most of the coins to be MS (particularly the commons).

The coins depicted do not look "remained in the bank vault for 100 years" MS. And they all appear to uniformly "toned".

I remain suspicious.

It will be VERY interesting to see how high it goes.
Pillar of the Community
Canada
1248 Posts
 Posted 02/06/2010  12:40 am  Show Profile   Bookmark this reply Add hhbkiddo to your friends list Get a Link to this Reply
this German auctioneer is beyond reproach with a stellar reputation. Any negative suggestions toward him
are, based on my previous dealings with him, not warranted.
I am basically not interested to bid on these coins, as I rather have Canadian coins.
BUT if anyone is interested, please PM me and I will get you in touch.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 02/06/2010  2:34 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Regardless of the veracity of the auction house, no approximation of the true value of this lot can be achieved without knowing the specific grade of each coin. Huge value changes between grades are quite common in the series. The mentioned 1893-S jumps roughly US$5000 in value from 45-50. This is definitely not a sight-unseen sale.
Pillar of the Community
Canada
1248 Posts
 Posted 02/06/2010  8:40 pm  Show Profile   Bookmark this reply Add hhbkiddo to your friends list Get a Link to this Reply
Super Dave,
i will try and get close ups of the 1893-S. and will post them
h
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