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might buy this, PLEASE HELP
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<p>[QUOTE="pbryan, post: 320578, member: 10722"]That is a nice New Orleans Morgan, and $50 isn't a bad deal, but I think you're misreading the pricing tools you have available to you...</p><p><br /></p><p>Even though it's not truly applicable to NGC coins, The PCGS guide for a 1899-O in MS-64 is $59 not $300... The prices go up for 'Proof Like' (PL) and 'Deep Mirror Proof Like' (DM or DMPL) Morgans. The coin in your photo has not been graded PL or DMPL.</p><p><br /></p><p>Also, Auction sites like Heritage can be very good tools. But instead of searching through a bunch of different graded Morgans, you can usually find the same date and grade you are looking at, especially for common date coins... </p><p><br /></p><p>There's an 1899-O NGC MS-64 up on Heritage right now. If you click on that coin, they will show you recent sales of the same date and grade. In the case of your 1899-0, the last 5 MS-64's on heritage have gone for between $39 and $70.15. Usually the subjective eye appeal of the coin will skew the price up or down within the same grade. (As they say buy the coin, not the holder). And since these are all sold as auctions, the prices will vary.</p><p><br /></p><p>Heritage also gives you a bunch of different price guide data to compare...</p><p><br /></p><p>And all of this is without even registering. If you do the free registration even more data is available...</p><p><br /></p><p>Check it here: <a href="http://coins.ha.com/common/view_item.php?Sale_No=28014&Lot_No=24774#photo" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/common/view_item.php?Sale_No=28014&Lot_No=24774#photo" rel="nofollow">http://coins.ha.com/common/view_item.php?Sale_No=28014&Lot_No=24774#photo</a></p><p><br /></p><p>You can also learn a lot about the way coins are bought and sold just by watching some of these auctions without bidding... Seeing how much certain coins go for, based on what they look like, how they're graded, and date and mint marks...</p><p><br /></p><p>Hope this helps,</p><p>--Paul[/QUOTE]</p><p><br /></p>
[QUOTE="pbryan, post: 320578, member: 10722"]That is a nice New Orleans Morgan, and $50 isn't a bad deal, but I think you're misreading the pricing tools you have available to you... Even though it's not truly applicable to NGC coins, The PCGS guide for a 1899-O in MS-64 is $59 not $300... The prices go up for 'Proof Like' (PL) and 'Deep Mirror Proof Like' (DM or DMPL) Morgans. The coin in your photo has not been graded PL or DMPL. Also, Auction sites like Heritage can be very good tools. But instead of searching through a bunch of different graded Morgans, you can usually find the same date and grade you are looking at, especially for common date coins... There's an 1899-O NGC MS-64 up on Heritage right now. If you click on that coin, they will show you recent sales of the same date and grade. In the case of your 1899-0, the last 5 MS-64's on heritage have gone for between $39 and $70.15. Usually the subjective eye appeal of the coin will skew the price up or down within the same grade. (As they say buy the coin, not the holder). And since these are all sold as auctions, the prices will vary. Heritage also gives you a bunch of different price guide data to compare... And all of this is without even registering. If you do the free registration even more data is available... Check it here: [URL]http://coins.ha.com/common/view_item.php?Sale_No=28014&Lot_No=24774#photo[/URL] You can also learn a lot about the way coins are bought and sold just by watching some of these auctions without bidding... Seeing how much certain coins go for, based on what they look like, how they're graded, and date and mint marks... Hope this helps, --Paul[/QUOTE]
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