1879-S Morgan Silver Dollar MS-66

I agree with everything rustyboy said. If you want something with more accurate "real world" pricing, take a look at the link I've given.

If you plan on buying "slabbed" coins in the future, stick with the top TPGs (Third Party Graders): PCGS, NGC, ANACS, and ICG (in that order). Everyone else you should stay far away from until you're better at grading coins yourself because of the overgrading issues that rustyboy touched on.

http://www.numismedia.com/fmv/fmv.shtml

Thank you for the information and I will be sure to research graders and use the information wisely.

I have seen NTC coins graded in upper MS grades that were actually AU coins. Some of them are closer but there are some that are way off. At least 1879-S is a good date that has a possibility of being higher grade because I myself have a MS-67 in an old green label PCGS slab so its one of the coins that are still available in real high grades and are rarer in lower grades around MS-62 and below

The 1879-S dollars tend to come nice, and are often prooflike. True MS-66's, slabbed by reputable services such as NGC, are valued in the $250 to $275 area on a retail basis. Hopefully you will get a high grade back on your dollar.

@Bryan1315

I have contacted NTC's insurer and they will review if the grade is more than 5pts different from the original appraisal of M-66. This does not guarantee they will buy back the coin. However, I have read ( ebay Forums) that the insurer will "usually" buy back the coin in question if you have a written appraisal from a reputable company (which is what I have sent for through NGC w/grading).

The way I understood it from others who have had to do the same (filing w/NTC's insurer)the insurer is handling these types of complaints is to buy the coin back, resell it to an auction house to regain part, if not all of their loss. Once the coin is sold by auction no other complaint can be filed, because once a coin graded by NTC is sold at auction the insurance guarantee becomes null and void.

I paid $130.00 for this coin through a private estate sale of a former collector. Prices were marked as wholesale by offering the coin at the least realized Official Red Book value low being at $130 with a high of $300.

Even if it is a lower grade, I over paid and the Insurance will not honor the guarantee, the coin will go into my son's collection I have started for him. He will hopefully see the price of the coin realized at $130 in the extended-extended future.

I try to find the positive within the negative. That being said, I didn't lose hundreds of dollars or in some cases I have read thousands of dollars. The coin is real, so it does have the potential of growth in dollars. I received some really great advice and this will help me as I continue to collect, to make better more informed purchases.

Stick with the top 3 TPG's your money is safer there than any where else,, To many coins are being marketed as MS66 or PL/DMPL and they are not even close, thats why they sell for so much less, and then I think those who by are really buying a $30 to $50 dollar coin and won't get there money back unless they wait another 100 years or so...