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 Replies: 24 / Views: 2,982 |
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Valued Member
United States
59 Posts |
I would be interested to know the experience of anyone who has sold a high end silver dollar on ebay. I have a Morgan dollar that is worth, according to Red Book,one thousand to several thousand dollars. If I put it up on ebay with outstanding enlargements but with no reserve..what are the odds that it will find it's price. Is there a better way? |
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Bedrock of the Community
United States
12437 Posts |
You would be much better off posting pics of the coin here first and getting some grading opinions. It is quite possible that you are grossly overestimating the value and/or grade of the coin. It is really hard to give any better advice since you did not provide any other information on the coin.
Edited by biokemist6
04/27/2011 10:38 am
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Moderator
 United States
23522 Posts |
To answer the question strictly on its' face, I wouldn't use ebay as a venue for such a coin. Better to consign with an auction house such as Heritage or Teletrade. It's in a reputable TPG slab, right? A Morgan worth a 4-digit price will not sell in a sight-unseen auction without being in a PCGS, NGC or ANACS slab. Edit to add: You've already shown your ability to take excellent images in another thread. I would dearly love to see an example of a coin like this, here in this thread. |
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Pillar of the Community
 United States
2448 Posts |
Even us lowly collectors would like to see it also.  |
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Pillar of the Community
United States
1348 Posts |
What would be the reason behind having no reverse pictures?
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Valued Member
 United States
59 Posts |
I will post pictures by tomorrow. The coin is not in a slab. And, of course, there is lways the possibility Biokemist6, SuperDave,.. that I am wishful thinking. carmykle....no lowlier than I..a rank amateur..and, Mr.w1a9c8k5, the text reads reserve..not reverse.
I am most impressed by all the good will expressed by one and all. Thanks.
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Valued Member
United States
59 Posts |
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Rest in Peace
United States
5375 Posts |
It looks less than XF to me, and hence only $400. Might be still worth it to have it sent in to a reputable grading company if you have other coins to send in too.
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Pillar of the Community
United States
1081 Posts |
I'm a novice at grading Morgans, but I would say EF-40, if there is significant mint luster left, hard to tell from pics, then maybe EF-45.
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Valued Member
United States
59 Posts |
I think this coin looks pretty good to my eye...definitely less than EF as you say ShadowCreator. But the Red Book,(2012 ed.)1879 cc, (clear cc ? not sure what that means) at these prices..EF40 at $750. AU50 at $1900. ms.60 at $4000. MS63,(mmmmaybe?)at$7000. I understand that Red Book is Retail to buy..is the $400. you mention the realistic price? the blue book price? |
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Valued Member
United States
310 Posts |
you can cross MS off your list. This coin is not MS. Still a nice coin. I think It's better than the xf 40's I've seen. Just looking at the ebay completed auctions, slabbed xf40's were in the 700-800 range, so I think if you got it graded, you'd be at least that good. |
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Pillar of the Community
United States
2130 Posts |
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Bedrock of the Community
United States
14454 Posts |
I agree this coin is nowhere near "High End" and I think it possibly be XF-40. 1879-CC Morgans are one of the key dates but they are in no way rare in this condition and are highly counterfeited. in my opinion the only way you would get around $400.00 for this coin is if it was sent to PCGS for grading and then only if it came back problem free and graded as XF-40. This coin would not even be considered High end but is still worth multiple thousands  . Usually when people say high end they mean MS-65 or above, or at least in the upper grades that have ever been found for that particular date/mm of the coin. Your coin is in a grade that is pretty common. Here is one on ebay in about the same condition as yours that you can watch to see how much a raw example sells for http://cgi.ebay.com/United-States-M...em43a6aa90d7 |
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Valued Member
United States
59 Posts |
I think that maybe I used the term 'high end', wrongly...not the condition so much as the date..with the thought it just might be good enough. I appreciate the input...so, theoretically... What are the variables that would persuade a serious seller to get a coin graded? is it always price? is there a cut off in terms of price that makes it not worth doing? I think it was Superdave some days/weeks ago who suggested that in general the disadvantage is the perception of having been cherry-picked?
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Pillar of the Community
United States
1081 Posts |
If you want to sell it, I would suggest getting it graded. That will allow the buyer to have more confidence in its authenticity and grade, and will allow you to get more money, especially on a site such as ebay. At a few hundred dollars, its probably worth it to get it graded. You should make up the cost in the sale price. |
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Bedrock of the Community
United States
14454 Posts |
usually as a rule of thumb for me is if the coin isn't worth 10-200 at least I don't ever send them in for grading. If I have one that is highly counterfeited and I am wanting to sell it, then I may submit it for grading if its around the 100.00 mark just so the buyer knows its real without question
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Replies: 24 / Views: 2,982 |
Posted 04/27/2011 11:35 am
