New Guy's first question. What's your thoughts about the following coin which is listed as an 1895-O Morgan CH AU for $799: http://cgi.ebay.com/1895-O-Morgan-Dollar-Key-Date-CH-AU_W0QQitemZ190345670310QQcmdZViewItemQQptZCoins_US_Individual?hash=item2c517c6ea6 PMs are welcome.
If that's an example of a "choice AU", then I'm the son of Bigfoot. But, with E-bay you never know..someone may pony up and buy it.
Compare that 1895-O Morgan to this 1895-O... ...that sold on October 17, 2009 for $281: http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=150380556434&ru=http%3A%2F%2Fshop.ebay.com%3A80%2F%3F_from%3DR40%26_trksid%3Dm38%26_nkw%3D150380556434%26_fvi%3D1&_rdc=1 Again, PMs are welcome. :bigeyes:
A grade 40 PCGS certified for this date is valued at $725. Why would anyone buy this unslabbed example at a premium?
It has been harshly cleaned and it looks like a doctor got a hold of it and re toned it at some point to hide the problems. It used to be an AU... probably around 1900 tho...
I agree with Dutchman. The coin is genuine but it's been cleaned and re-toned. It was definitely a weak strike, but I think it has VF35 details, not even close to AU.
defying the laws of physics Well, they sure look like the same coin. But how can the same coin be in two places at one time?? I watched some Star Trek in my day but I don't remember this episode... hya:
excellent, but Star Trek is pre-eBay! You have to remember that! Earth to Kirk? Where are you? lets beam him up.
Same seller both times. Either shill bid to protect on the first time or the coin was returned. I don't believe it would slab grade from the surfaces IMO. Jim
It's from the same seller. The auction ended on the 17th, and now it's back up for sale. My guess is it was returned, and it's been relisted.
Anyone familiar with Chinese replicas of the 1895-O?? If so, what do you think of them in comparison to this/ these coins???
One of the best pieces of advice I've read (numerous sources, from knowledgable collectors to Coin Talk forum members) regarding collectible coins is: 1. Take your time 2. Look at numerous examples of the same date 3. For the most purchases, see the coin "in hand" (in other words, don't buy based on a photograph) Currently, the market is soft for collectible Morgan dollars. There are many key dates and conditions available at the low end of valuations. It's a buyer's market. Be patient, look at what's available before hitting the "buy" button.