The Official Morgan Silver Dollar Thread

Really ? Wow !! Didn't do any research, I figure coins without any bids are priced too high but didn't think by that much.

I'll check the Completed and Sold listings to confirm....

 

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Trust me-- insanely overpriced. You can get a nice coin for $250-300 if you look hard enough.

 

Gotcha....but those specific coins were not necessarily 'overpriced' for their specific market, right ? They were actually a bit under the PCGS CoinFacts market price. Even if the prices were outdated a few weeks/months, what was being asked was more or less in the ballpark. I'm assuming PCGS CF isn't off by more than 10-20% which I think is probably true.

 

Go to heritage and put your highest bid on coins you like after consulting one of us privately about price.... many dealers buy from heritage to resell at their show tables, store fronts and ebay. Some steals can.be had sometimes. Same with great collections and others. "Shop where more resellers are buying rather than were most resellers are selling" is a good adage I just made up lol

 

I was just having some fun regarding sellers of Morgans. Based on your previous posts, I think you'll find nice Morgans at the same places you find nice St. Gaudens. You just have to be patient in finding the right coin at the right price. IMO, if you find a nice coin that speaks to you, than it's worth paying some premium for the coin. How much premium is up to you.

As for the coins in the links, here is my opinion:
1) 1887: the shots on the high cheek are too distracting for me. The fields look really nice, but I think it's more of a 64 DPL. I would pass.
2) '92-CC: while it's compelling date and MM in DPL, I'd pass on this one. The coin is ugly and I wouldn't be happy with it in the long run.
3) '83: don't like all the distracting contact marks on the cheek. I'd say it's a 63 max grade. Pass.
4) '99-O: I really like this coin. NGC only has 21 in this grade with 8 higher. PCGS has 44 at this grade with 21 finer. IMO, the coin is properly graded and the price is right at retail. I'd try to get a better price, but I wouldn't be afraid to add this particular coin to my collection at that price.

 

Go to Collectors.com and look them over. Most of what is available on the net will be listed there. From EBay, to Heritage, and brick and mortar shops alike. Just easier to compare prices. Boy do I hate to give up this info.
Edit to add; Here's what I love about that site. You are dealing directly with the seller. You commit to buying or negotiating a price and wait for the seller to contact you. Some will by email but most will call on the phone. Easy negotiating and asking questions and they aren't fighting a bunch of seller fees that you inevitably have to pay.

 

If you want to collect DMPLs, and PLs, and don't want to pay insane prices, start with the more common dates--unless you really have to have a specific date 1899o in DMPL is a brutally hard coin to find, and to buy reasonably--the prices are generally insane on it due to very low population. Here is an example of a beautiful coin that is PL, but affordable--in the range I was speaking about; it is a common date, but a beautiful example of a nice coin:
http://www.ebay.com/itm/1885-O-MORGAN-DOLLAR-MS65PL-PCGS/401068992021?_trksid=p2047675.c100005.m1851&_trkparms=aid=222007&algo=SIC.MBE&ao=1&asc=34859&meid=0b9b1e8a446b4d418e6f4d8609098406&pid=100005&rk=1&rkt=6&sd=201513068041

 

JCP, thanks for the specific feedback. I wasn't bidding or planning to bid on those coins but they are the type of Morgan I would like to buy in the future. I am emphasizing QUALITY over QUANTITY since I'm not buying tons of MSDs or starting any kind of a collection.

Just buying 1 here or there........

MD: Oh yeah, those are out of my price range for the most part. I got into Morgan's because when $$$ are tight and I can't buy a Saint I can still do some serious collecting. But it would defeat the purpose to spend close to or more than some Saints I want to buy with a Morgan (at least right now) that costs as much or almost as much.

 

Here are pics of my 1882 S DMPL toner as promised earlier in the thread... in hand the toning is more colorful while the cameo effect is exactly as in the pics, strong on the obv, but not so strong on the rev. Like her?

 

Nice coin, Mic, what does "SF" stand for -- you mean, SanFran, "S" ?

 

Exactly. I thought one more acronym can't hurt ;-)

 

I put in a 'stink bid' (is that the term used in coin collecting ? We use it in the investment arena ) for this coin on Ebay. I already have an 1879-S MS-67 so I really don't want 2 of the same year/mint unless this one was DMPL or PL. Without it, I figured WTH and just wanted to see if he'd bite or counter (no and no):

http://www.ebay.com/itm/272138559734?_trksid=p2055359.m2763.l2649&ssPageName=STRK:MEBIDX:IT

 

I like that kind of toning on a DPL as well. I have 3 DPL's with that purple rim toning.

 

The one thing that I feel that collectors of Morgans who are somewhat new to the series don't realize is that collecting MS Morgans is accepting bag marks as a way of life. Due to the size of the coin, large devices and fields, storage methods, bag marks are a way of life in a Morgan. Unlike a lot of coins, a MS 65 Morgan will often be quite baggy in some areas. Collecting them involves how many, and how significant the bagmarks are. 63 grade coins have lots of bag marks. 64 gets a somewhat cleaner surface. However, if one really wants a virtual absence of bagmarks and hits, they must look at 66 and 67 coins in order to see solidly clean surfaces.

 

Yup.....and if you look at the non-rare years and non-Carson City, you can go up to MS-67 for many coin years for about $800 or less.

But adding in PL/DMPL and/or GSA drives the cost up ALOT. Then you either spend alot more $$$ or have to go below MS-65.

 

Yup there is a 1885 Cc Ms-62 Dmpl graded by Pcgs with Cac sticker on ebay for $849.00 Bin or make offer. I was looking at it but I bought a 1894 $10 Liberty Head Ms-62 by Pcgs instead

 

And even some 66/67 coins have light contact marks and maybe a tiny field disturbance. The beauty of collecting Morgans is there are plenty to choose from in most dates and mm's. Patience is required.

 

Just got this one in about 2 hours ago. It is an example of a good strike for a New Orleans coin--something we were talking about on another thread. Many examples of this date are kind of weak strikes. I loved the look of this one, so it is now mine:

 

How did you decide what to pay for that ? It's a 65...+....and CAC.

 

Got an incredible price on it.