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<p>[QUOTE=&quot;BUncirculated, post: 1823815, member: 29581&quot;]Any VAM premium.</p><p><br /></p><p>Most Morgan VAMs, that I&#039;ve researched the completed sales for, carry premiums above a FMV for a Morgan of the same year and grade that is not a VAM or hasn&#039;t had the VAM certified.</p><p><br /></p><p>Some VAMs have a higher premium than others, depending on the rarity of the VAM.</p><p><br /></p><p>Red Book does not reflect those premiums, nor does it reflect premiums for FBL Franklins.</p><p><br /></p><p>Run a search for any Franklin half graded 60-68 any year, completed sales on any of the venues I mentioned in post #40. Then run a completed sale search for the same year and grade but include the FBL designation. You&#039;ll see the FBL Franklins sell for a higher amount than the same year and grade without the FBL designation.</p><p><br /></p><p>Those premiums are not reflected in Red Book&#039;s price guide.[/QUOTE]</p><p><br /></p>

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