The Official Morgan Silver Dollar Thread

If you think PCGS price guide is fair, that is what he's charging. As for me, I think it is a nice coin, but wouldn't pay more than $1100-1200 for it-- maximum. Anybody who paid 3k for a 65+ 1883cc DMPL payed sucker prices-- they paid with their emotions, not their brains. Do you ever pay sticker price for a new car? I don't-- just bought a new car, and got it for a rather good deal. It is analogous.

 

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So I went to my favorite place to look up coin values. I believe the eBay coin you linked is $200-$300 high. NOW, if it didn't have some of the chatter in the fields, and a few of the small marks on the cheek, I'd be willing to pay closer to the NGC/PCGS retail price. In this instance, I wouldn't. It's nice and I think it's a 65 DPL, but not one I would pay retail for.

 

Even in the plastic GSA with the NGC Blue label ?

I'll check HA after the market closes, the premium to non-GSA does seem steep but I've seen parabolic increases before if it's in the OGP.

MD, JPC...I agree with you on the price and quality. But if it is only overpriced a few hundred bucks that's not outrageous, IMO, though you might like it to be a bit more special or rarer. But at least he is in the ballpark.

Not doing anything with that coin, just trying to learn....

 

Hah! We were typing at the same time. My FAVORITE price reference is the HA value index. I always want to see that figure when buying coins.

 

Me too. Looked at that right afterwards. Great minds think alike. I find PCGS price guide about 10-15% too high.

 

I'll look at the PCGS guide on my phone and subtract 20% as a starting place. NGC's can be that high as well, it just depends on the coin series.

All that being said, I've paid retail, and would again, for coins I've loved (toning aside).

 

MD and JPC....PCGS prices are from CoinFacts, right ?

And how do I find the Heritage Value Index...is that an easier way than punching in the coin's type and going by current and past auctions ?

 

Sign up for a free account. If you ever intend to bid, link a credit card to it-- the site is well- encrypted.

 

Yup...and then you ask for the GSA OGP from the 1970's with the NGC wrapper and it's off the charts !

 

I did a few days ago.....haven't bid yet, just punching up current/past auctions to learn pricing.

That Buyer's Premium is STEEP !! Still, you still somehow find coins at or below FMV and/or Ebay.

When you think about it, it's surprising the volume HA does because all else equal it pays to give a LCS or regional show or eBay 1st dibs without paying 17.5%.

 

I prefer David Lawrence to Heritage. No buyer's premium, good deals sometimes, and really nice coins.

 

Most people figure the 17.5% BP in with their bid. DLRC, like MD suggested, is also a nice place to buy coins. I prefer Heritage myself. I think HA has a better inventory of coins overall.

The Heritage Value Index is part of the pricing table they have with each listing. There's like 7-9 sources for pricing in the table, including the HA value index.

 

I thought the majority of the MSD never went into circulation. Basically, the other mints got released in the 60s and then most of the last coins in the vaults were the CCs, which started getting released in 1972. The big difference, like you said, is those coins were holdered immediately, whereas bags of the other coins were sold to the public, which could lead to more tampering.

There were also only 13 years of CC coins which did have the lowest mintages. And unlike the other mints, that sat in vaults, most of the CC coins that weren't in vaults were actually used as currency. That's where you see the real price gulf, in the circulated CCs. But as far as common dates go, there are far fewer CC common dates as a whole. So while the pop of say an 1883CC MS65 DM might be higher than an 1879S MS65 DM (this is just PCGS pop) and the price of an 1879S MS65 DM is lower than the CC, there are simply more years of common dates to choose from in the other mints.

That being said, the CC story bumps the price up. It was a mint that was never supposed to be built, that had a spotted history and only made coins for 13 years. It was smack dab in the middle of the wild west, in a town named for Kit Carson. Cowboys in Saloons used them as poker chips. So while I do agree the DMPL Carsons get a price bump (a very slight one), it would be commensurate with their pedigree and makes them no less of a value than other DMPL coins. Maybe they are out of vogue for many collectors because of their popularity, but I being a newer collector, simply love them for the history and the paucity of die pairs which makes attributing VAMs far more manageable.

Every mint has a story, the New Orleans one is a great one. Same with the San Francisco. Even the Philadelphia mint has a great story. But the Carson City mint is by far the most fascinating IMHO.

 

The Carson City mint story is more devilish than that. See, the big silver barons of the Comstock hated the director of the cc mint causing most of them to ship their silver to San Francisco to be coined... out of spite. That's the real reason mintages were low. Because of a political feud between the silver barons and the cc mint.

 

Excellent write-up about the exclusivity of CC dollars. I agree with both the fact and legend that you expound upon. Since I own all 13 dates, I know the struggle it is to find attractive coins that are priced within the grasp of most collectors. However, they are fun, if not pricey at times.

 

I doubt that I will ever see $30/oz for silver...it has become the not so rare, rare element...Mexico is mining it like crazy (I think) to help keep there economy stable.

 

Recently got this 1880/79 CC rev of 78 and I think I did ok on the price...(at 635.00) but the prices on this date/mm coin are all over the place.

 

That is a monumental accomplishment, I dont think Ill ever own all thirteen. Whats makes it even pricier is there are two different types you can collect, the gsa holder and then regular tpg holder coins. I was watching some heritage coins this weekend, I was going to try to bid on this one until the prices severed ties with logic.

http://coins.ha.com/itm/gsa-dollars.../1233-4094.s?ic4=GalleryView-Thumbnail-071515

 

I agree. I've caught fantastic deals twice on Lawrence auctions when I was the high bidder and they lifted the reserve (which I hadn't hit) late in the auction. Their listed prices for stock swing to the high side, but I found that after buying from them, they are quite generous negotiators.

 

Thought some of you would like to know that Heritage's Tuesday Internet auction is chug full of toned Morgans from a private collection.

I'm not promoting anything. Just FYI.