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 Replies: 17 / Views: 6,948 |
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Valued Member
United States
458 Posts |
Have an oppurtunity to purchase a 1888 Morgan graded MS 67. What is a reasonable price to pay for this coin? There is no mint mark on the coin... Edited by bvalania
03/03/2010 10:58 am
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Moderator
 United States
23522 Posts |
Who graded it? A reasonable price for an 1888 MS67 Morgan dollar, graded by a reputable firm - PCGS, NGC or ANACS - is worth around $4000. If your answer to the question I ask is anything but those three names, the coin is not MS67. The market is stuffed full of illegitimate "third-party graders" who create their own slabs and throw whatever grade they wish on it. If this is truly an MS67 coin, nobody in their right mind would fail to have it graded by a reputable TPG. If they didn't, they know something that you don't - the coin does not deserve the grade. |
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Pillar of the Community
United States
1523 Posts |
MS67 is pretty difficult to obtain.What company has graded it and whom is selling it?Dealer,neighbor,ebay?
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Pillar of the Community
United States
532 Posts |
Who is grading it? If some no name TPG then I wouldn't go over 20 bucks. |
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Pillar of the Community
United States
2797 Posts |
Is there a way for you to post a picture of this potential purchase? Glad you stopped in here first. There are too many examples of buyer's remorse after the coin is purchased and displayed here. I see MS67 offerings on ebay all the time. If it is not in a PCGS, NGC, ANACS or ICG slab then dollars-to-donuts it's no where near MS67 and likely a problem coin. You need to also be aware of fake PCGS/NGC slabs that dubious folks create to separate you from your hard-earned money. |
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Valued Member
 United States
458 Posts |
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Pillar of the Community
United States
3294 Posts |
Yeah, looks like a nice coin, might even be MS, but there is almost no way that it would grade as MS67 by a real grading service, and it is not a good enough photo to make a good grading effort.
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Valued Member
United States
458 Posts |
So what is considered a reasonable price to pay for this coin?
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Pillar of the Community
United States
532 Posts |
Say about 20-30 bucks.
Coin does look nice thoguh. Any way to get better pictures of it?
Edited by RFB
03/03/2010 11:28 am
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Valued Member
United States
458 Posts |
That was the best pic I was sent, thanks for the advice. Seller is asking too much, gonna pass on this one.
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Pillar of the Community
United States
2797 Posts |
Quote:
That was the best pic I was sent, thanks for the advice. Seller is asking too much, gonna pass on this one.
Very wise choice. This is a basement-slab and there's no way to tell if this coin has problems from the photo provided. I've seen many in NGP slabs and nearly all have problems. |
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Moderator
United States
23522 Posts |
Well-done, bvalania. A quick hint for you - in the lower left corner of that slab is a logo cast into the plastic. That logo indicates the slab is a commercially-available snap-together holder, and any coin in such a holder with a label indicating a grade is not to be trusted. It's somebody "slabbing" pocket change at their kitchen table.
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Valued Member
United States
312 Posts |
Numismatic Grading Pros? I never heard of them. Anyone?
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Pillar of the Community
United States
1523 Posts |
A dealer at his kitchen table.
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Pillar of the Community
United States
2541 Posts |
Wise choice. I hate these basement slabbers!
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Valued Member
United States
245 Posts |
I was at a Pawn shop the other day and they had three Morgans in the display case graded by the same company that were graded MS65 and they were a joke because two weren't even MS60 in my estimation and were common dates. They wanted $149.00 each for them and the owner was telling me that he had cut the price in half. He didn't appreciate when I told them were $20 coins at best.
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Replies: 17 / Views: 6,948 |
Posted 03/03/2010 09:59 am
