I was looking on ebay and people are trying to sell high grade PCGS MS 68+ sacagawea dollars for 100 dollars + are anyone buying these? Could somoene look at a grey sheet or other dealer price guide and see what a good wholesale price are for these. Thanks in advance.
Yes, there is a market for high grade Sacs, but in order to fully understand why these coins are going for so high, I need to first explain the 3 types of Sacs that are graded. 3 types of Sacs you ask???? Well yes, to collectors of the Sacagawea series such as myself, there are three types of sacs especially if you are trying to put together a graded PCGS registry set. The first being the most obvious....Proof. I would estimate that about 97-99% of sacs found in proof condition on ebay are going to be Proof 69DCAM. These will cost you anywhere between $7-25 depending on year. Anything that grades less than a 69 should sell for less than $7. Your Proof 70DCAM Sacs will run anywhere between $70 to $300 depending on the year. 2000 and 2001 proof 70 Sacs will run around $250-300, while the rest of them will run between $70-120, with the exception of the 2009 which really hasn't settled down yet, but will probably go for around $100. The next "type" of Sacagawea coin is going to your Satin Finish. Since 2005, the US mint has been making a special "collector's" grade coin found only in the US mint sets. These coins have a special burninsh or "Satin" finish. These are very nicely struck. The lower grade coins - usually below MS/SP 68 don't command any premium at all and can be found usually for less than $10. Your MS/SP 68 coins are going to be your average collectors coin that will run anywhere from $10-30 depending on year. These coins are usually quite plentiful and would make an excellent addition to someones graded set. But the real difficult ones are going to be your MS/SP69 coins. These coins will run anywhere between $30 to upwards around $150 or higher depending on the year. These are harder to find and take some time, but if you are trying to put together a top set, this is what you need. Lastly, are going to be your business strike Sacs. Remember, before the satin finish coins were produced, all the mint made was business strike coins that were the same coins that are found in rolls at banks. Prior to 2005, you would also collect these coins in the US mint/unc sets. What makes these so valuable in the high grades is that not much special attention were given to these like the satin finish coins so anything in MS68 are going to be very pricey. Here is a quick way to think of things. Your MS/SP69 coins are going to be your top end satin finish ones. Your MS68 (business strike) Sacs are going to be your top end ones. So when you see a MS 68 coin, first determine if it is a satin finish or business strike, then once you determine that, then if it is a satin finish then that is a basic coin but if it is a business strike, then you are going to pay some good money for that. See my pics below. Hope this sort of helps explain things.
Thank you for the picuters. I def can see the collecteble value of the coins. I was just skeptical if people where paying significant money for them. I was biding on a large lot of bullion silver and the seller had put a few of these in the mix with bullion. I ended up not buying the collection, but your post def made me think twice about it.
