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Price Check 1902-O Morgan

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Author Previous TopicReplies: 9 / Views: 1,657Next Topic  
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Sidekick-CA's Avatar
United States
509 Posts
 Posted 05/16/2011  11:27 am Show Profile   Bookmark this topic Add Sidekick-CA to your friends list Get a Link to this Message Number of Subscribers
*** Moved by Staff to a more appropriate forum. ***

Care to guess winning bid? Big surprise to me.

Price-Check-1902-O-Morgan
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BuffaloBonehead's Avatar
United States
333 Posts
 Posted 05/16/2011  11:17 pm  Show Profile   Bookmark this reply Add BuffaloBonehead to your friends list Get a Link to this Reply
$1250.
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Gyrene7483's Avatar
United States
1704 Posts
 Posted 05/17/2011  01:16 am  Show Profile   Bookmark this reply Add Gyrene7483 to your friends list Get a Link to this Reply
$2,500.00.
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mitchhailey's Avatar
United States
1150 Posts
 Posted 05/17/2011  04:13 am  Show Profile   Bookmark this reply Add mitchhailey to your friends list Get a Link to this Reply
Well, it looks like a nice strike for an O mint, but it is a common date even though it is a 64 PL. So...$100?
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junior e's Avatar
United States
931 Posts
 Posted 05/17/2011  9:10 pm  Show Profile   Bookmark this reply Add junior e to your friends list Get a Link to this Reply
PCGS Price Guide $135-$145.
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Bryan1315's Avatar
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14454 Posts
 Posted 05/18/2011  1:35 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
my guess would be somewhere around 100 bucks also
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Sidekick-CA's Avatar
United States
509 Posts
 Posted 05/18/2011  2:57 pm  Show Profile   Bookmark this reply Add Sidekick-CA to your friends list Get a Link to this Reply
This was a Heritage auction. The LUCKY(?) winner claimed ownership for a mere $300 plus $50 buyers premium! I mean we all know silver is up but golly, this is ridiculous. Numismedia has it at $169. I entered $150 as my max bid hoping to get lucky. Hope this is not a new standard. If so guess I'll have to switch to Lincoln Memorials.
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aladinslamp's Avatar
United States
3076 Posts
 Posted 05/18/2011  10:43 pm  Show Profile   Bookmark this reply Add aladinslamp to your friends list Get a Link to this Reply
just remember that the Newmismeadia are average fair market "RETAIL" price guides, many buy on the grey sheet or wholesale pricing, so it really depends on where you can buy your coins and at what level...
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Gyrene7483's Avatar
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1704 Posts
 Posted 05/19/2011  02:01 am  Show Profile   Bookmark this reply Add Gyrene7483 to your friends list Get a Link to this Reply
The May 13 greysheet has the 1902-O MS-64 at 111.00/120.00 bid/ask and MS64 DMPL at 2,500.00 so a non deep mirror proof like coin would be somewhere in between but where would that be? Apparently in that Heritage auction not quite 3 times the money of a non proof like. This date is a good example of the excessive premium that some of the Morgan dollars have with DMPL surfaces.

ANA LM-3175
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fenton's Avatar
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4989 Posts
 Posted 05/19/2011  02:29 am  Show Profile   Bookmark this reply Add fenton to your friends list Get a Link to this Reply
Many people will pay a premium for a good PL coin (high reflectivity) due to the dramatic price difference between PL and DMPL.

If a coin is 95% of the way to DMPL, it will command a big price premium possibly as much as we see in this auction.
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