What do ya'll think about this scarface??

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I'll 'see' with that, and I'll 'raise' you with this.....

 

I think the scar is very defined, seems to me it would pull the highest premium over others compared.

 

oh boy, it's like that?

 

chew wanna chob ernie?

 

Nah......just me being impertinent.

 

no sweat that bro.

 

I can't find it. I think Rick put in in his PC.

 

what bs, $4,500 make me sick what a dumb ass offer. He took it behind the scene. Why can't this be found on PCGS? Decent toning too. I'd love to see what happens with this coin.

 

"Rick's offer is bargain basement pricing. $4,500 is just too low." (Rick's Customer)

To me, Rick was actually starting with a strong offer. The coin shown in the video was a PCGS MS63 terminal die state example. The PCGS price guide shows the 1888-O $1 Scarface with a population of 18 in MS63 and a price of $7,250. The expert in the video (not sure when this was recorded) gave a price value of $7,000.

Recent auction results show the following:
Jan. 2020 - Heritage - PCGS MS63 - $4,080.
Dec. 2019 - Legend - PCGS MS63+ - $3,995.
Aug. 2019 - Stack's - PCGS MS63+ - $4,440.
Jul. 2019 - Scotsman - PCGS MS62+ - $6,900.

As the expert in the video explained, collectors are all about the die state on these. The one shown in the video is the most desirable die state, but the number of people looking for them is very limited, but they are willing to put up all the money for these to complete their collections. To me, the toning on this example is not very attractive, but that is subjective. Typically, beautiful toning (which this one does not have in my opinion) brings out a much larger crowd at the coin auctions. This piece has the rarity of the scarface variety, particularly the terminal die state, but attractiveness from toning, etc. is a key component in an auction setting.

Even though Rick's customer had a great example of this, I believe his idea to get $15,000 was way too high. The expert's valuation of $7,000 seems a little high, but that may be what u would see the piece retail in a coin shop at. If I had the example shown I would be glad to get $4,500 for it, although I probably would have tried to raise Rick to $5,000.

In my opinion Rick's offer was not "bargain basement pricing" and was actually fairly reasonable. Again, this is all relative to the timing of when the episode was recorded.

 

I can understand the interpretation of value but quick search on PCGS shows higher numbers than you describe 63 LOT #
184550 11G???
https://www.pcgs.com/auctionprices/item/1888-o-1-scarface/87184/1033936013062218561

 

CAC can not make that much difference, can it?

 

https://www.greatcollections.com/Coin/184550/1888-O-Morgan-Silver-Dollar-Scar-Face-PCGS-MS-63-CAC

 

Again, valuation is all relative to the timing of when the episode was recorded. The auction you're referring to is a Great Collections auction from April, 2014. That coin started at $1 and after 36 bids from 9 different bidders, it ended at $10,100 ($11,110 with the buyer's fee).
https://www.greatcollections.com/Coin/184550/1888-O-Morgan-Silver-Dollar-Scar-Face-PCGS-MS-63-CAC
I'm actually surprised it went this far. From the pictures of the original auction lot, it looks like this is the third die state instead of the more desirable fourth (terminal) die state. The example does have the CAC sticker going for it and is, in my opinion, more attractive than the Pawn Stars example. Even so, I couldn't see this going for those prices today with the current market. Again, pricing is all relative to the times and I am still curious when this Pawn Stars episode was recorded.

 

I say decent toning in that it does not appear artificial, if you can strike that out than you strike out thousands of Morgans. I feel that OG Morgans should be susceptible to this type of toning.

 

The toning doesn't appear artificial to me, but it just isn't something that appeals to me and makes it more impressive. The subject of toning on coins is totally subjective and the beauty ultimately is in the eye of the beholder. The idea of buying the coin and not the holder is becoming more and more true as more coins come onto the market. What I may view as 'attractive' toning on one coin may be viewed as decent or unattractive by another. Most of the times a coin with exceptional toning is going to get a lot more press (photos, mentions, crowds, etc.) than a blast white example.

 

Agree, based on economy and demand. Demand becomes fulfilled and requires less desirability, over time more similar appear and become that much less rare but, that is a big hit though. I can not agree so much with 3rd die stage. It seems to be a very sharp DC.

 

True on the toning, but the ugly toning rings real and common which brings comfort.

 

Agreed. I would need a die state expert to know the difference between the 3rd and 4th die stages. If I remember right, it has something to do with how close the die crack gets to the nose.

 

I would offer 9 on this coin and accept 9.5 and watch it surpass the DOW.