I see these 8tf 1878 Morgans priced all over the place. What's up with that? I see 'em for 50 bucks....and for 550 bucks. I got this one in a lot of morgans along with 5 other decent ones, including a nice 84-S. Are these guys just fishing? Nightowl
I'm not sure I understand your question. It's completely normal for coins to be priced all over the place, as you put it. Price depends on condition for any coin. As for the coin you pictured, it appears to be well worn and to have been polished at some point. I wouldn't expect it to be priced at much more than $20.
I have seen several where condition was no better than this one...priced quite high. Here's an example...http://cgi.ebay.com/Nice-1878-8TF-Morgan-Silver-Dollar-VAM-9_W0QQitemZ250443754632QQcmdZViewItemQQptZCoins_US_Individual?hash=item3a4f9c6c88 explain to me why this coin is priced at 450 dollars when it looks no better in terms of grade than the one I have pictured....which I paid 16 dollars for. The same seller...just sold an UNC roll (-1) of 1904-O Morgans and a BU 23 peace dollar for 383.00 including postage, or 19 dollars a coin. Which is more scarce? A worn 1878 8 tail feathers, or a mint state 1904-O?...let alone 19 of them from the same roll. Nightowl
If you are going to collect Morgan $'s, then at least check out the meaning of VAM. The seller is selling a '1878 8TF Morgan Dollar / VAM-9 !' I do not have a VAM book handy, but I presume that it is a rare variety. VAM= Van Allen-Mallis, the book on Morgan die varieties. so, basically you are asking about apples & oranges.
It's one of the Hot 100, so it's popular and maybe spendy. I'm no authority on Morgan VAMs, but it's easy enough to research prices for those so inclined.
