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<p>[QUOTE="johnmilton, post: 16561161, member: 101855"]This is no necessarily the result of "greed and egos." A great many rolls of cents were saved in the early 1960s. There was a lot of crazed speculation over rolls of coins, and there was an active market for them. When roll craze died down, so did the prices. Today a lot of these coins are worth little more than face value because there are way too many of them available. </p><p><br /></p><p>As for MS-62 graded Morgan Dollars, the 1879-S, which is the one date you mentioned, is on the Coin Dealer Newsletter sheets for $75. In MS-63, the price is $95, but in MS-64, it's $100. When there is very little spread between prices, astute collectors are going to buy the better coins for very little extra money. Therefore a dealer has to pay something less than $75 to make it worth his while to bother with the coins. Just because something is on the Grey Sheet for $X, it does not mean that anyone is obligated to pay you that. </p><p><br /></p><p>Furthermore, MS-62 is sort of an orphan grade. It works for better, more expensive coins that "just miss" MS-63, which is an established grade, but for common coins, collectors and dealers are not knocking down the doors to buy them.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 16561161, member: 101855"]This is no necessarily the result of "greed and egos." A great many rolls of cents were saved in the early 1960s. There was a lot of crazed speculation over rolls of coins, and there was an active market for them. When roll craze died down, so did the prices. Today a lot of these coins are worth little more than face value because there are way too many of them available. As for MS-62 graded Morgan Dollars, the 1879-S, which is the one date you mentioned, is on the Coin Dealer Newsletter sheets for $75. In MS-63, the price is $95, but in MS-64, it's $100. When there is very little spread between prices, astute collectors are going to buy the better coins for very little extra money. Therefore a dealer has to pay something less than $75 to make it worth his while to bother with the coins. Just because something is on the Grey Sheet for $X, it does not mean that anyone is obligated to pay you that. Furthermore, MS-62 is sort of an orphan grade. It works for better, more expensive coins that "just miss" MS-63, which is an established grade, but for common coins, collectors and dealers are not knocking down the doors to buy them.[/QUOTE]
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