Hello, I was wondering what you guys think a dealer would pay for an 1886S Morgan graded MS63 by ANACS. Thanks, James
$300 to $325 is the range for an ANACS graded MS63 1886-S Morgan (prices realized). A dealer would try to get the coin at least 90% of retail, if he can flip it quickly.
Im not familiar with ANACS graded coins. I guess they come in a slab? do they get prices as high as the PCGS slabs? A dealer might give you 90% of retail, but it better be in a slab of a top tier grading service. This is what Im talking about. When you start hanging your hopes on a sale figure like "90% of retail," this is why PCGS and NGC slabs are important. If its a raw coin, a dealer might screw you and tell you its am MS62 or even an MS61.
Dealers can`t get 90% of retail 90% of the time. Look at the ads in COINWORLD week after week, by big name dealers, for bigger buck coins.... Go into any coinshop, would you really pay anywhere near full retail for anything? Well, if you really need that XF-AU 38-D Walker, and it`s REALLY nice.......
I said dealers will TRY to get... 90% may not be a good figure as most dealers live and die on the bid/sell pricing from grey sheets. It doesn't mean they follow these figures to the letter of the "law", it just serves at a market "snapshot" guide. After all, a dealer that has 5 of one coin already in his inventory would be less inclined to purchase the 6th coin versus if he didn't inventory this given coin and/or he knew of a buyer that would immediately take it off of his hands. After all, they are in business to buy product, invetory it, sell it and hopefully make a profit to keep the lights on. A person that walks into a coin shop will not be able to sell their coin at retail (and that alone is the $64 million question as to what is retail?). That same person could try to sell it elsewhere (i.e. eBay) and see how the market responds, but if he wants cash immediately from a dealer (wholesale dollars), then those factors have to be taken into consideration. Also, the prices for the ANACS slabbed Morgan above were from recent PRICES REALIZED...a pretty good indicator of what the market would be bearing for this coin, in the given grade from the given grading service.
