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<p>[QUOTE=&quot;Hobo, post: 546078, member: 11521&quot;]1- Let me guess - - - The coin is not slabbed, or at least not by one of the top 4 TPGs. Does the seller say the coin is MS-65? If so, that is only his opinion and I strongly suspect he has grossly overstated the grade. More likely the coin would only grade out at MS-63 or MS-64 (or perhaps even AU). </p><p>&nbsp;</p><p>2- 1880 Morgan Dollar is a conditional rarity. In other words, the price jumps significantly from one grade to the next. Grey Sheet for this coin in MS-63 is $44, in MS-64 it is $124 and in MS-65 it jumps to $775. Is there any question why he wants you to think it is MS-65?</p><p>&nbsp;</p><p>3- Red Book prices are only to be used as a guide. The prices listed in the Red Book are almost always high and very out of date. Use the Red Book only as a guide and for things like mintage figures. You need to find another, reliable source for pricing information.[/QUOTE]</p><p><br /></p>

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