Another “Guess the Hammer” price thread.

Discussion in 'US Coins Forum' started by Morgandude11, Jun 15, 2022.

  1. Morgandude11

    Morgandude11 As long as it's Silver, I'm listening

    I stand corrected. It is 15. Makes even less sense to want to own it, given that a 68 is worth a fraction of the 68+.
     
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  3. KBBPLL

    KBBPLL Well-Known Member

    Gosh there's 62 1879-S on GC right now, including many nice 67 and 67+ for less than a tenth the price. But that's not the point, is it.
     
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  4. Morgandude11

    Morgandude11 As long as it's Silver, I'm listening

    Only a registry collector or finest Morgan set would pay that kind of price. I like my 79s PL that is a humble 66 better, and it is a fraction of the price.
     
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  5. Mr.Q

    Mr.Q Well-Known Member

    My wife gave me my allowance today. I can put in three dollars.
     
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  6. Pickin and Grinin

    Pickin and Grinin Well-Known Member

    What's the price now?
     
  7. KBBPLL

    KBBPLL Well-Known Member

  8. Morgandude11

    Morgandude11 As long as it's Silver, I'm listening

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  9. Jim Dale

    Jim Dale Well-Known Member

    I don't do high dollar purchases anymore. Do the bidders have to "prove" that they can come up with the bid amount? Maybe there are a couple of friends doing something to yank the sellers' chain a bit.
     
  10. Morgandude11

    Morgandude11 As long as it's Silver, I'm listening

    Final price is $28,822, with fees. Less than we thought.
     
  11. ddddd

    ddddd Member

    I hedged my bet on the low side and still ended up about $3k too high.
    Regardless, the seller likely did well if they were the one that got the upgrade.
     
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  12. Pickin and Grinin

    Pickin and Grinin Well-Known Member

    We have seen high prices lately that just don't fit the bill of a plus or one quick sale to an un witted buyer with deep pockets. A pretty coin no doubt.
     
  13. Treashunt

    Treashunt The Other Frank

  14. Morgandude11

    Morgandude11 As long as it's Silver, I'm listening

    What is a “waste of money?” Some high end collectors love these kind of coins. If they want to spend their money, so be it. It you were collecting a “finest Morgan set,” then it is not a waste of money. For the average collector, it is beyond their means. I don’t begrudge registry collectors, even if I would not spend 20k plus for an 1879s Morgan.
     
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  15. -jeffB

    -jeffB Greshams LEO Supporter

    Oh, we know exactly what you mean. It's a wallet-size contest, right? :angelic:
     
  16. ksparrow

    ksparrow Coin Hoarder Supporter

    Obviously the market has softened considerably since I made my guess! (sniff)
     
  17. Cheech9712

    Cheech9712 Every thing is a guess

    60,000.
     
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  18. Tamaracian

    Tamaracian 12+ Yr Member--Supporter

    @Morgandude11 I agree with your sentiment that for the "average collector" this coin would not be something that they would chase at those bids, however, for boasting rights on the Registries, or for the investor that would hold this coin for say a year or two and then put it up for auction on one of the top tier venues, it would probably be worth it. As for the coin itself, compared to the other PCGS MS-68+ that also sold at GC in 12/19 at $13,308 hammer, the resulting bump to the Plus (+) superlative was due to the cameo contrast of the Prooflike Obverse, and the Semi-Prooflike Reverse; IMO the other coin had less Friction Rub on the Portrait but had only a frosty finish. IMO the main driver for the 193% price increase between the two--aside from market increases in the interim two years, and the Plus appearance --was the CAC sticker.
     
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