Gambling on sliders, Morgan style?

Discussion in 'US Coins Forum' started by Barney McRae, Jan 25, 2025.

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  1. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Gold CAC.
     
    ToughCOINS, Jan 26, 2025
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  3. GoldFinger1969

    GoldFinger1969 Well-Known Member

    When did you find that coin and get the CAC ?

    Has to be so many fewer today than 5 or 10 years ago...though I guess with all the new raw coins (Fairmont, SDBs, estate sales, etc) there could be opportunities once the TPGs grade 'em.
     
    GoldFinger1969, Jan 26, 2025
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  4. ToughCOINS

    ToughCOINS Dealer Member Moderator

    This coin came from a 1980's collection, and I actually offered it as a CAC-worthy AU55 on my website for several months before recently delisting it to submit it to CAC.
     
    ToughCOINS, Jan 26, 2025
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  5. lordmarcovan

    lordmarcovan 48-year collector Moderator

    Before the existence of CAC, I bought a sharp 1904 $20 in an older PCI green label MS62 holder, for 400 bucks (this was around melt price, in the early 2000s).

    Cracked it out (in fact, this was the first coin I used my “no tools” crackout method on), then I sent it off to PCGS.

    It came back in a PCGS MS64 holder. I think that was one of my best “cha-ching” cherrypicks.
     
    lordmarcovan, Jan 26, 2025
    #24 + Quote Reply
    -jeffB and ToughCOINS like this.
  6. johnmilton

    johnmilton Well-Known Member

    The 1884-S dollar has been like this for years. Unless it’s a slam dunk Mint State piece, buying sliders in hopes of getting it into a Mint State holder is a loser’s game. The graders know about the price jump for Mint State and don’t give out the grade easily.
     
    johnmilton, Jan 26, 2025
    #25 + Quote Reply
    lordmarcovan, -jeffB, Barney McRae and 1 other person like this.
  7. Barney McRae

    Barney McRae Well-Known Member

    Thank you sir. This is one great place to learn good information.
     
    Barney McRae, Jan 26, 2025
    #26 + Quote Reply
  8. messydesk

    messydesk Well-Known Member

    PCGS prices realized for an 84-S in 55 are between $650 and $1300. Price was pretty good. If there's a CAC sticker or CACG 55 holder in it's future, perhaps it gets flipped for more. Maybe the buyer will cross to NGC for a 58. Maybe they just like it for their collection as a very attractive 55 that they'll have no problem getting decent money for in the future.

    As for VAMs, there is only one that people will pay extra for, and that's VAM 11A, which has massive clashing on both sides. Only one known at this time.
     
    messydesk, Jan 27, 2025
    #27 + Quote Reply
  9. johnmilton

    johnmilton Well-Known Member

    I guess the inability to purchase the 1884-S in Mint State has increased the price of sliders. I'm just glad I have not played the Morgan Dollar game to a great extent, except when I was filling want lists.
     
    johnmilton, Jan 27, 2025
    #28 + Quote Reply
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