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Morgan 1885-S Value?

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Wornslick's Avatar
United States
1304 Posts
 Posted 10/09/2011  1:02 pm Show Profile   Bookmark this topic Add Wornslick to your friends list Get a Link to this Message Number of Subscribers
*** Moved by Staff to a more appropriate forum. ***

The other day I was searching for a 1885-S Morgan dollar that was in my prive range. I found one that was a slabbed PCGS XF-45. While I was doing some research trying to find out if it was a good price I discovered that on Numismeadia Fair Market Value guide it went from XF-40 to AU-50. I have a Greysheet but it is a year old and lately I have been using the Numismedia guide anyhow. Is there a way to put a value on a XF-45 1885-S slabbed Morgan? Thanks,
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nlp coins's Avatar
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2373 Posts
 Posted 10/09/2011  4:27 pm  Show Profile   Bookmark this reply Add nlp coins to your friends list Get a Link to this Reply
9/30 CDN has XF40 at 50/55 and AU50 100/110. Usually there isn't much technical difference between the two other than an EF45 may have the same wear as an AU50 but is lacking lustre. There is a raw one on my site with wiggle room in it. nlp
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Bilbo's Avatar
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812 Posts
 Posted 10/14/2011  4:28 pm  Show Profile   Bookmark this reply Add Bilbo to your friends list Get a Link to this Reply
Assigning values for grades like EF-45, F-15 and G-6 coins can be a challenge. For really high-value coins I'd recommend looking at auction results (ebay, Heritage, etc) and use that value. For most coins I use a formula. In most cases the coin will be closer to the lower grade's value, so I figure the difference in value from the lower grade to the higher, take 1/3 of that, and add it to the lower value.

So if a coin is worth $50 in EF-40 and $100 in AU-50, the difference is $50. One third of that is approximately $16, so the EF-45 coin is worth $50 + $16 = $66. This seems to be a pretty good ballpark figure in most cases.
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Wornslick's Avatar
United States
1304 Posts
 Posted 10/15/2011  07:41 am  Show Profile   Bookmark this reply Add Wornslick to your friends list Get a Link to this Reply
Thanks nlp and Bilbo, Thats an interesting formula you use Bilbo, makes things alot easier.
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