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<p>[QUOTE=&quot;ddddd, post: 24659035, member: 22377&quot;]Tonight was one of Legend&#039;s Regency auctions (the “boutique” sales they hold about once every two months) and there were plenty of Morgans (as usual). What I found interesting is that many of these were very familiar. I often have seen a few Morgans that I have previously bid on pop up but tonight there were many. So I figured it would be interesting to compare the results.</p><p><br /></p><p>The first is a nice semi-pl 1880-S. This coin I first saw on Instagram in an NGC MS 64 star holder. It was cracked out and sent to PCGS, where it also got an MS 64. Someone later upgraded it to an MS 65 and sent to Great Collections (April 2020), where it brought 1,293.75 (when including the buyer&#039;s fee). Tonight at Legend it ended at 1,204.38 (when including the buyer&#039;s fee). Given that the market was still queasy in early 2020 (before taking off in the following months of that year), this isn&#039;t a great result.</p><p><br /></p><p>GC (April 2020): 1,293.75</p><p>Legend: 1,204.38</p><p><br /></p><p><a href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Fwww.greatcollections.com%2FCoin%2F816763%2F1880-S-Morgan-Silver-Dollar-PCGS-MS-65-Toned" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Fwww.greatcollections.com%2FCoin%2F816763%2F1880-S-Morgan-Silver-Dollar-PCGS-MS-65-Toned" rel="nofollow">https://www.greatcollections.com/Coin/816763/1880-S-Morgan-Silver-Dollar-PCGS-MS-65-Toned</a></p><p><br /></p><p><a href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Flegendauctions.hibid.com%2Flot%2F159263150%2F-1-1880-s-pcgs-ms65" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Flegendauctions.hibid.com%2Flot%2F159263150%2F-1-1880-s-pcgs-ms65" rel="nofollow">https://legendauctions.hibid.com/lot/159263150/-1-1880-s-pcgs-ms65</a></p><p><br /></p><p>Next up is one of the weaker results of the night. This 1880-S used to reside in an NGC MS 66 star holder. It brought an impressive $2,563.88 at GC in 2021. The coin was crossed to PCGS, where it down graded to MS 65+ but added a nice True View and what many consider a more marketable holder. That was not enough as the coin went for just $1,292.50. I considered the price at GC optimistic back in 2021 but I did not expect the coin to lose over $1k in what is still a strong market.</p><p><br /></p><p>GC (2021): 2,563.88</p><p>Legend: 1,292.50</p><p><br /></p><p><a href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Fwww.greatcollections.com%2FCoin%2F1046149%2F1880-S-Morgan-Silver-Dollar-NGC-MS-66-226-152-133-Toned" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Fwww.greatcollections.com%2FCoin%2F1046149%2F1880-S-Morgan-Silver-Dollar-NGC-MS-66-226-152-133-Toned" rel="nofollow">https://www.greatcollections.com/Coin/1046149/1880-S-Morgan-Silver-Dollar-NGC-MS-66-226-152-133-Toned</a></p><p><a href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Flegendauctions.hibid.com%2Flot%2F159263151%2F-1-1880-s-pcgs-ms65-" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Flegendauctions.hibid.com%2Flot%2F159263151%2F-1-1880-s-pcgs-ms65-" rel="nofollow">https://legendauctions.hibid.com/lot/159263151/-1-1880-s-pcgs-ms65-</a></p><p><br /></p><p>Sticking with the early San Francisco dates, this 1881-S has had multiple auction trips. The first one I’m aware of was a July 2017 GC sale at $578.60-quite reasonable even though prices were lower back then. And that fact was proven true as it sold at Legend a few months later (October 2017) for $1,116.25. We next see it making a trip back to Legend in May 2019, where it brought less: $851.88 (possibly a combo of not being as fresh and just not as many people following it). Tonight it squeezed out a gain above any prior sale with a final hammer of $1,351.25. This result seemed about right for the market on a nice coin.</p><p><br /></p><p>GC (July 2017): 1,293.75</p><p>Legend (Oct 2017): 1,116.25</p><p>Legend (May 2019): 851.88</p><p>Legend: 1,204.38</p><p><br /></p><p><a href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Fwww.greatcollections.com%2FCoin%2F473725%2F1881-S-Morgan-Silver-Dollar-PCGS-MS-65-Toned" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Fwww.greatcollections.com%2FCoin%2F473725%2F1881-S-Morgan-Silver-Dollar-PCGS-MS-65-Toned" rel="nofollow">https://www.greatcollections.com/Coin/473725/1881-S-Morgan-Silver-Dollar-PCGS-MS-65-Toned</a></p><p><a href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Flegendauctions.hibid.com%2Flot%2F34785084%2F-1-1881-s-pcgs-ms65" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Flegendauctions.hibid.com%2Flot%2F34785084%2F-1-1881-s-pcgs-ms65" rel="nofollow">https://legendauctions.hibid.com/lot/34785084/-1-1881-s-pcgs-ms65</a></p><p><a href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Flegendauctions.hibid.com%2Flot%2F50797688%2F-1-1881-s-pcgs-ms65" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Flegendauctions.hibid.com%2Flot%2F50797688%2F-1-1881-s-pcgs-ms65" rel="nofollow">https://legendauctions.hibid.com/lot/50797688/-1-1881-s-pcgs-ms65</a></p><p><a href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Flegendauctions.hibid.com%2Flot%2F159263155%2F-1-1881-s-pcgs-ms65" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Flegendauctions.hibid.com%2Flot%2F159263155%2F-1-1881-s-pcgs-ms65" rel="nofollow">https://legendauctions.hibid.com/lot/159263155/-1-1881-s-pcgs-ms65</a></p><p><br /></p><p>Now something a little different-an 1885 rattler with what I would call fairly mild toning. I was surprised when it reached $535.50 at GC in 2021 since the color did not look special and it wasn’t a rare holder. Then I saw that the coin received a gold CAC! The combination of rattler and gold sticker makes people go wild and I figured the coin would bring something crazy. It did not meet expectations. The coin did better than before but not by much, ending at $793.13. That is strong given the coin but not as impressive given that Gold CAC MS 65 1938-D Buffalo Nickels with no color in rattlers bring close to $300. Maybe the market is beginning to slightly cool off in terms of certain holder plus sticker premiums or this was just one coin that wasn’t placed in the best setting to maximize the return.</p><p><br /></p><p>GC (2021): 535.50</p><p>Legend: 793.13</p><p><br /></p><p><a href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Fwww.greatcollections.com%2FCoin%2F835163%2F1885-Morgan-Silver-Dollar-PCGS-MS-63-OGH-1st-Gen-Toned" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Fwww.greatcollections.com%2FCoin%2F835163%2F1885-Morgan-Silver-Dollar-PCGS-MS-63-OGH-1st-Gen-Toned" rel="nofollow">https://www.greatcollections.com/Coin/835163/1885-Morgan-Silver-Dollar-PCGS-MS-63-OGH-1st-Gen-Toned</a></p><p><a href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Flegendauctions.hibid.com%2Flot%2F160285099%2F-1-1885-pcgs-ms63-cac-gold" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Flegendauctions.hibid.com%2Flot%2F160285099%2F-1-1885-pcgs-ms63-cac-gold" rel="nofollow">https://legendauctions.hibid.com/lot/160285099/-1-1885-pcgs-ms63-cac-gold</a></p><p><br /></p><p>Here we have another rattler. The textile is a plus but the coin seemed a bit dark to me. It sold in GC before the 2020 price bump and was lacking a CAC sticker at the time.</p><p><br /></p><p>GC (Oct 2019): 766.86</p><p>Legend: 1,233.75</p><p><br /></p><p><a href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Fwww.greatcollections.com%2FCoin%2F764947%2F1887-Morgan-Silver-Dollar-PCGS-MS-64-OGH-1st-Gen-Toned" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Fwww.greatcollections.com%2FCoin%2F764947%2F1887-Morgan-Silver-Dollar-PCGS-MS-64-OGH-1st-Gen-Toned" rel="nofollow">https://www.greatcollections.com/Coin/764947/1887-Morgan-Silver-Dollar-PCGS-MS-64-OGH-1st-Gen-Toned</a></p><p><a href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Flegendauctions.hibid.com%2Flot%2F160285110%2F-1-1887-pcgs-ms64-cac" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Flegendauctions.hibid.com%2Flot%2F160285110%2F-1-1887-pcgs-ms64-cac" rel="nofollow">https://legendauctions.hibid.com/lot/160285110/-1-1887-pcgs-ms64-cac</a></p><p><br /></p><p>We finally reach a coin that I was seriously following. The 1889 date is less common for color and this was among the better examples I have run across. Being a two sided toner is another plus but the break on the obverse hurts a little. I was surprised that the Legend result was lower than GC.</p><p><br /></p><p>GC (Jan 2020): 1,881.00</p><p>Legend: 1,762.50</p><p><br /></p><p><a href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Fwww.greatcollections.com%2FCoin%2F795686%2F1889-Morgan-Silver-Dollar-PCGS-MS-64-Toned" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Fwww.greatcollections.com%2FCoin%2F795686%2F1889-Morgan-Silver-Dollar-PCGS-MS-64-Toned" rel="nofollow">https://www.greatcollections.com/Coin/795686/1889-Morgan-Silver-Dollar-PCGS-MS-64-Toned</a></p><p><a href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Flegendauctions.hibid.com%2Flot%2F160285114%2F-1-1889-pcgs-ms64--cac" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Flegendauctions.hibid.com%2Flot%2F160285114%2F-1-1889-pcgs-ms64--cac" rel="nofollow">https://legendauctions.hibid.com/lot/160285114/-1-1889-pcgs-ms64--cac</a></p><p><br /></p><p>The 1890 was another coin I was following and again a less common date for nice toning. The lower grade (only an MS 62) likely limited the upper bound of this one. I felt that the GC result was extremely strong and expected the lower price at Legend (it still outperformed my estimate).</p><p><br /></p><p>GC (Jul 2021): 2,331.00</p><p>Legend: 1,586.25</p><p><br /></p><p><a href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Fwww.greatcollections.com%2FCoin%2F1015526%2F1890-Morgan-Silver-Dollar-PCGS-MS-62-Toned" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Fwww.greatcollections.com%2FCoin%2F1015526%2F1890-Morgan-Silver-Dollar-PCGS-MS-62-Toned" rel="nofollow">https://www.greatcollections.com/Coin/1015526/1890-Morgan-Silver-Dollar-PCGS-MS-62-Toned</a></p><p><a href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Flegendauctions.hibid.com%2Flot%2F160285116%2F-1-1890-pcgs-ms62" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Flegendauctions.hibid.com%2Flot%2F160285116%2F-1-1890-pcgs-ms62" rel="nofollow">https://legendauctions.hibid.com/lot/160285116/-1-1890-pcgs-ms62</a></p><p><br /></p><p>The 1891 is an old friend. This is the only coin in the auction that I used to own. I was the winning bidder at Stacks back in 2020 at the $600 price. I later sold it on Instagram for $800. While I liked the coin and knew it was not an easy date for color, I felt I had better examples among my more common dates. I don’t plan to do a full date set either but I have contemplated doing a more narrow range like 1878 to 1891. So I was bidding but had set my limit at the $800 I had sold the coin for previously. Someone else liked it more or needed that date for their date set as the final bid was well over my expectation (and Legend’s estimate).</p><p><br /></p><p>Stacks (Aug 2020): 600</p><p>Legend: 1,586.25</p><p><br /></p><p><a href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Fwww.pcgs.com%2Fcert%2F81704272" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Fwww.pcgs.com%2Fcert%2F81704272" rel="nofollow">https://www.pcgs.com/cert/81704272</a></p><p><a href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Flegendauctions.hibid.com%2Flot%2F160285117%2F-1-1891-pcgs-ms63" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Flegendauctions.hibid.com%2Flot%2F160285117%2F-1-1891-pcgs-ms63" rel="nofollow">https://legendauctions.hibid.com/lot/160285117/-1-1891-pcgs-ms63</a></p><p><br /></p><p>A somewhat controversial example, this 1904 features what looks like a big “X” carved into the left field. When I saw it at GC, that turned me off. I was surprised how high it went back then. The coin was later sent in to add a VAM attribution and a TrueView image. It brought around the same amount at Legend even with all of that.</p><p><br /></p><p>GC (May 2020): 929.25</p><p>Legend: 998.75</p><p><br /></p><p><a href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Fwww.greatcollections.com%2FCoin%2F816075%2F1904-O-Morgan-Silver-Dollar-PCGS-MS-63-Toned" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Fwww.greatcollections.com%2FCoin%2F816075%2F1904-O-Morgan-Silver-Dollar-PCGS-MS-63-Toned" rel="nofollow">https://www.greatcollections.com/Coin/816075/1904-O-Morgan-Silver-Dollar-PCGS-MS-63-Toned</a></p><p><a href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Flegendauctions.hibid.com%2Flot%2F160285128%2F-1-1904-o-vam-4b--fishhook--pcgs-ms63" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Flegendauctions.hibid.com%2Flot%2F160285128%2F-1-1904-o-vam-4b--fishhook--pcgs-ms63" rel="nofollow">https://legendauctions.hibid.com/lot/160285128/-1-1904-o-vam-4b--fishhook--pcgs-ms63</a></p><p><br /></p><p>Our biggest winner of the night, this pedigreed 1879-S really surprised me. It has nice color and added a plus since the last sale. Still there are more impressive examples of this date and I’m not sure what led to the bidding war tonight.</p><p><br /></p><p>Legend (Oct 2020): 1,938.75</p><p>Legend: 6,168.75</p><p><br /></p><p><a href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Flegendauctions.hibid.com%2Flot%2F73043999%2F-1-1879-s-pcgs-ms66-cac" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Flegendauctions.hibid.com%2Flot%2F73043999%2F-1-1879-s-pcgs-ms66-cac" rel="nofollow">https://legendauctions.hibid.com/lot/73043999/-1-1879-s-pcgs-ms66-cac</a></p><p><a href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Flegendauctions.hibid.com%2Flot%2F161312601%2F-1-1879-s-pcgs-ms66---cac" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://forums.collectors.com/home/leaving?allowTrusted=1&amp;target=https%3A%2F%2Flegendauctions.hibid.com%2Flot%2F161312601%2F-1-1879-s-pcgs-ms66---cac" rel="nofollow">https://legendauctions.hibid.com/lot/161312601/-1-1879-s-pcgs-ms66---cac</a></p><p><br /></p><p><br /></p><p>__________</p><p>A few photos:</p><p>[ATTACH=full]1571602[/ATTACH] [ATTACH=full]1571603[/ATTACH] [ATTACH=full]1571624[/ATTACH][/QUOTE]</p><p><br /></p>

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