These two CC Morgan dollars (1882 and 1883) are going up for auction tomorrow at a local small time auction house. From some quick research a MS64 1883 CC is selling between $200 and $300 and the MS63 1882 CC is selling between $150 and $250. I am going to try to get them at 80% of the low end of these ranges if at all possible. So $160 ish for the 1883 and $120 ish for the 1882. What would you personally bid up to for each of these coins if you were bidding? Curious to know what you think.
Personally I don't see you getting them for under $200 each which is the average price for CC Morgans in Unc. condition. Plus that they are graded might bump the price up a bit higher.
The 1882 I wouldn't spend more than $275 more than likely. The 1883, I'd probably be willing to go up to $300 or so. Anything under those prices would be a good deal in my opinion. Hopefully your not up against either clueless idiot bidders or people who know how much they're likely worth or you're not gonna likely get 80% of their potential value, with the clueless they may go way higher than they're actually worth.
I would be surprised if you get them for that price unless they are the only two coins in the auction. Good Luck
I would first examine both and form my own grade opinion. Assuming I agreed, and they were average for the grade, I could see $200 for the '82-cc and $230 for the '83-cc. If they were high-end for the grade I might add another $20-40 to the price I'd be willing to pay. There are many tens of thousands of these graded at that level or higher. So I'd be picky for really nice examples. Lance.
They are two of about 80 coins in the auction which also sells others items. In all there are about 300 + items. It will be interesting to see where the bidding goes. At this auction house common date Morgan and Peace dollars sell between $35 and $45 depending on grade. Oftentimes the higher end coins go for a bargain, as most don't know their true value or would rather buy a bunch of common dates. This would be my first straight up numismatic purchase. I typically stick to junk silver close to spot and bullion rounds. I did get lucky and picked up a 1878 cc in average condition at 5% off of spot with a lot I purchased a few months ago. This got me looking into the numismatic side more. I will see what happens tomorrow and report back. Keep the comments coming. Still interested to hear others thoughts.
i think $200 for a ms63 and $240-50 for a 64 for those years. rare to see slabbed coins go for under market.
I felt that you nailed it (high end guess) in your first post, sorry it didn't work out. Just never know what's going to happen in a local auction.
You never can guess what will happen. It sucks it didn't work out but I'm sure as long as I'm patient another opportunity will present itself. It was fun bidding on the more valuable coins even if I didn't win.
