Discussion in 'US Coins Forum' started by NorCal, Jun 27, 2020.
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For what it's worth, the Grey Sheet says that the 1903-S is worth $80 in Fine. The 1879-CC lists for $170 for either the "capped die" or the normal one. It's hard to believe that someone is selling an okay for the grade coin at half of "bid." Beware.
This place has been in business for years. Very knowledgeable coin guy. He prices the lower grade coins to move them quick and he doesn’t do ebay.
That’s why I hesitated. This is a big shop that sells a large volume of coins. I know they have the machines to test them.
Wish I took a pic. The shop is not open until Monday. At the time I couldn’t remember if the 1879 or the 1878cc was the lower mintage. Ended up getting a 1932s and 32d quarter for $70
They had a lot of Morgan’s in higher grades. My guess is that they wanted to move some. They normally wouldn’t put that grade of coin out in their case but since it’s a better year they did
So then why would he sell something for less than half of it's market value? At best it's over graded or a details coin
My best guess is that nobody comes in the door looking for lower grade Morgan’s. A lot of people are moving out of California right now and are selling their coins before the move.
Lol I’m not a Morgan guy. Somebody may need it. I not connected to the shop, they don’t need help selling coins. I will probably take the chance when I’m back in town.
Very good advice. Sometimes it’s better to give it a few days to think about it and do some research. Impulse buys can be very bad sometimes
Welcome to CT.
I plan to. I usually like buying lower grades of hard to find coins mainly because the high grades are serious collector stuff and in coming years even the low grades will disappear on the open market.
Even the lower grade coins will go up in value. Just not as fast as the upper grades.
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