might buy this, PLEASE HELP

he was taking about $50 its not really a chump of change for most people

 

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not for y'all....but when your a "17 year old still working at burger king trying to get a hobby while looking for a better jo and save up for a car and college" kid its really not that cheap

 

That is a nice New Orleans Morgan, and $50 isn't a bad deal, but I think you're misreading the pricing tools you have available to you...

Even though it's not truly applicable to NGC coins, The PCGS guide for a 1899-O in MS-64 is $59 not $300... The prices go up for 'Proof Like' (PL) and 'Deep Mirror Proof Like' (DM or DMPL) Morgans. The coin in your photo has not been graded PL or DMPL.

Also, Auction sites like Heritage can be very good tools. But instead of searching through a bunch of different graded Morgans, you can usually find the same date and grade you are looking at, especially for common date coins...

There's an 1899-O NGC MS-64 up on Heritage right now. If you click on that coin, they will show you recent sales of the same date and grade. In the case of your 1899-0, the last 5 MS-64's on heritage have gone for between $39 and $70.15. Usually the subjective eye appeal of the coin will skew the price up or down within the same grade. (As they say buy the coin, not the holder). And since these are all sold as auctions, the prices will vary.

Heritage also gives you a bunch of different price guide data to compare...

And all of this is without even registering. If you do the free registration even more data is available...

Check it here: http://coins.ha.com/common/view_item.php?Sale_No=28014&Lot_No=24774#photo

You can also learn a lot about the way coins are bought and sold just by watching some of these auctions without bidding... Seeing how much certain coins go for, based on what they look like, how they're graded, and date and mint marks...

Hope this helps,
--Paul

 

Thanks for the link. I just registered to take advantage of the price guide comparisons and prices realized features.

 

50 bucks.. Buy it.

 

hi. it is a fair price for the coin tho t didn't see the reverse. as others have suggested. use heritage and you can compare the coins by photos and prices that were pd. also compare coin for coin. the archives contain pics on some coins into the late 90's and early 2000. instead of price guides, try to research what you actually see the coins trading for, rather than some of the available price guides. you can also see the price trend of particular coins. remember that some coins may have been identified as a rare VAM and will run up the price on a given coin. excellent idea to ask advice before buying. good luck and keep studying....steve

 

the coin link that you posted only showed 1893-cc morgans which are a key date and in any grade will sell for more then yours

you need to have the same mintmark and date if you wanna check the price

 

Ah....good age to be collecting! I'm 19 and I run 2 businesses...and I would say that some weeks you would out earn me

Good luck with your new hobby! Who knows---maybe you can get a higher job at another place that could help you out!

Speedy

 

pull the trigger man, that's a good one for $50. I'd pick it up if I didn't have three holes in my peace dollar collection.