either this is a rip off or im getting a major steal

im getting this same coin and same grade for $50 only its NGC

http://coins.blanchardonline.com/bu...&catid=125&productid=2616&sort=&direction=asc

i highly doubt PCGS graded one goes for $805 more

heres the one i have incoming...which is New Orleans mint also:

 

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yeah...but the thing is...they actually sell coins at these high prices....
wow...good thing a lot of the members on here and other forums are good enough to give me a fair price and not try to rip me off

 

In this case, however, it's not even the same thing/date being sold. The linked item is a scarcer 1889-O, not the common 1899-O that it was being compared to. And Stainless, an MS64 1899-O at $50 is neither a major steal nor a minor one.

 

i think i see what your're talking about...but still the gold toned edges cant bring in $805 more than mine

 

Don't assume that coins necessarily sell at the listed prices. Sometimes they do, but other times they sell for considerably less.

 

stainless, I think you should read what Mark said again, read the dates very carefully.

You're comparing two coins with different dates and trying to make them equal. You linked an 1889-O and bought an 1899-O coin.

 

ohhhhhhhhhhhhhh...
i just now caught that...
thanks for letting me know

 

Pulling out the trusty Redbook:

1889-O, MS-64: $850
1899-O, MS-64: $ 75

 

ok..heres my year:

http://coins.blanchardonline.com/bu...&catid=125&productid=2517&sort=&direction=asc

this is still $700ish over

 

San Francisco, not New Orleans. You are still comparing apples to oranges.

 

i dont get it...why is mine so low just because its from a different mint....

 

Because they made 2m 1899-Sand 12m 1899-o. The same reason the 1926-S Lincoln MS-65 went fro $150,000 and the 1926- MS-65 goes for $44.

FYI - Last years sales on Heritage for the 1899-O ms-64 went from $45 to $70 with about 2/3 going for exactly $45.

 

The S has a mintage of 2,562,000, while the O has a mintage of 12,290,000. Where a lower mintage doesn't always make a coin more valuable, this case it does. Also, I guess there are less 1899 S Morgans than O in MS-64. A bunch of things play into effect here. Just two possibilities among many others.

Phoenix

 

Because value is based on supply and demand, and different mints have different total mintages in the same year, so the supply from one mint may be vastly different from the supply from another.

18990 - 12,290,000
1899S - 2,562,000

Okay, Phoenix21 types faster than I do.

 

stainless --

As many members here have undoubtedly learned (myself included), educate yourself before you start laying down money on coins.

Buy a book (or few). The Redbook would be a good start.

I'm sure there are a number of members here that could point you in the right direction regarding learning more about Morgans.

Having looked at your "I want to start selling coins!" thread and also this one -- I suggest educating yourself before you really get burned with these "steals."

 

Holy Cow Stainless,

You need to slow down just a bit my friend before you get yourself over your head seeking " bargains" that do not exsist !!! There is no free lunch, everything matters down to the slightest detail.

BOOKS BOOKS BOOKS !!!!!!

 

If you have to ask a question like that I'd suggest you not spend any more money on coins until you have a much better understanding of the rare coin market. Otherwise you are almost certain to get burned and badly.

 

Agreed.

Stainless, this time you got lucky. The $50 price is reasonable, since generic Morgans (which the 99-O is) in 64 have been going up with the rise in silver the past few months. $50 is fair for that coin, though no great bargin.

 

okay....

thanks for the advice...

i promise not to buy any coins until i get more experienced with this...

however...from one of my books...it said yo can only get experience by buying the coins and learning from them....

shouldnt i do that to...

whatever....
ill listen to you guys....
gonna buy another book...maybe coin collecting for dummies