1879 P Morgan Rainbow - MS65 Star NGC Holder

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Yup, my initial 1k value was going by what I could recall of a ballpark price, not recent auctions. I could see someone easily spending 1k or more on this coin though.

 

I think it is a quite attractive piece. NGC does not give out the ★ designation willy-nilly, so that certainly carries a premium in the market (only 120 ★ coins of the 9146 graded at NGC = 1.3%). To me, the toning is very nice, and the strike is full MS65. While I would not recommend putting it in PCGS plastic, the $10 submission fee to CAC would likely be worth it if you plan to sell the coin. If you intend to keep it in your collection indefinitely, I would just leave it alone.

The only reason I suggest the CAC submission is not because I believe they offer something magical. Rather, most of the PCGS kool-aid drinkers are more likely to get in on the bidding if CAC has beaned the slab. I would low-end estimate this coin would bring in the $800 range in a well publicized sale. None of the coins Doug linked to have the eye appeal of this one, IMO.

:thumb:

 

Appreciate it! I've thought about getting a CAC designation and love your comment on the PCGS kool-aid drinkers!

 

Very nice coin! I only have a single Morgan star graded MS64 1921. It has very nice obverse color and with close to 77,000 graded there were only 49 star graded. So, hopefully it will appreciate as time passes.