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A dive into the toned Morgan market (via Legend Auction 7/27/23 vs prior sales at GC, etc)
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<p>[QUOTE="calcol, post: 24660541, member: 77639"]Impressive bit of research. Thanks. But also impressive is how much money auction companies and TPGs have made on many of these coins. Take the 1881-S with the following sales history:</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>The above prices would have incurred more than 50% of the coin’s value in buyer’s premiums. Then there would have been shipping charges and possible seller’s fees. And of course, the coin has been to a TPG at least once. In my state (CA), each of those sales would have been taxed about 8% too.</p><p><br /></p><p>The coin may not have increased in value for collectors in 5 years. But auction companies, transport companies and at least 1 TPG did very well by it.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 24660541, member: 77639"]Impressive bit of research. Thanks. But also impressive is how much money auction companies and TPGs have made on many of these coins. Take the 1881-S with the following sales history: GC (July 2017): 1,293.75 Legend (Oct 2017): 1,116.25 Legend (May 2019): 851.88 Legend: 1,204.38 The above prices would have incurred more than 50% of the coin’s value in buyer’s premiums. Then there would have been shipping charges and possible seller’s fees. And of course, the coin has been to a TPG at least once. In my state (CA), each of those sales would have been taxed about 8% too. The coin may not have increased in value for collectors in 5 years. But auction companies, transport companies and at least 1 TPG did very well by it. Cal[/QUOTE]
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A dive into the toned Morgan market (via Legend Auction 7/27/23 vs prior sales at GC, etc)
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