1881-S Morgan PCGS 64 w/gold bean...SOLD - $1136.

Lakesammman · January 23, 2012 8:36AM

....and the seller claims to be oldnstupid.....

Greysheet ask $78, current bid $301.50 with 2 days to go! Wonder what a platinum bean would bring??

Update 1-24-12, 0905AM PST, $1136...

Looks like some deep pockets just having fun.

Link to the gold beaner.......

stealer · January 23, 2012 8:40AM

I think it's high time to start paying attention to dreck 64's

Russ · January 23, 2012 8:41AM

Geez, why not just buy an MS65 for half that?

Russ, NCNE

stealer · January 23, 2012 8:43AM

<< Geez, why not just buy an MS65 for half that?

Russ, NCNE >>

Cause there's a super PQ gold hologram sticker on the plastic!!!!!!!!!!!!!!

Bochiman · January 23, 2012 8:47AM

Because they think it will 66.
However, that is still more than a 66 I believe, so there is the rattler holder tax and the cac sticker tax that is added on above that as well.

Timbuk3 · January 23, 2012 8:50AM

It's a nice coin, rattler holder, gold CAC.
I'd like to have one, but $300 +, I dunno !!!

Lakesammman · January 23, 2012 8:53AM

Boy, am I glad the holder isn't collectible.

BigMoose · January 23, 2012 8:56AM

I really have to send my rattlers to CAC.

braddick · January 23, 2012 8:57AM

<< It's a nice coin, rattler holder, gold CAC.
I'd like to have one, but $300 +, I dunno !!! >>

If that was a BIN at $300. I think I'd buy it. A bit embarrassed to admit, but that is a cool presentation.
Oh, and the coin looks pretty good too.

SeattleSlammer · January 23, 2012 8:58AM

From the big pics it does appear that 66 is possible.....but a 66 with a green bean?, hmmmmmm....

rhedden · January 23, 2012 9:04AM

The glint of the golden luster off the bean actually adds eye appeal to the coin! The very presence of the sticker raises the grade of the piece two whole points! Kidding. It's a nice, yet unexceptional, 1881-S Morgan. Pass.

PerryHall · January 23, 2012 9:11AM

<< 

<< Geez, why not just buy an MS65 for half that?

Russ, NCNE >>

Cause there's a super PQ gold hologram sticker on the plastic!!!!!!!!!!!!!! >>

Proof that coin collectors aren't always rational.

ColonialCoinUnion · January 23, 2012 9:14AM

<< Geez, why not just buy an MS65 for half that?

Russ, NCNE >>

This one looks kinda a like a 66, doesn't it?

WTCG · January 23, 2012 9:18AM

Of course you can't grade accurately based on pictures alone but judging from the close-up picture that coin looks 2 to 3 grades higher than an MS64.

TorinoCobra71 · January 23, 2012 9:18AM

Sure looks like a PCGS MS66 to me.

Its too bad that holder wont be around much longer...........

Lakesammman · January 23, 2012 9:23AM

Sure looks like a PCGS MS66 to me

Hmmmmmm......expert graders with coin in hand vs grading a picture..........

I know where my bets will be placed.

braddick · January 23, 2012 9:23AM

<< Sure looks like a PCGS MS66 to me.

Its too bad that holder wont be around much longer........... >>

At the high expected closing price?
I beg to differ.

Baley · January 23, 2012 9:25AM

only a fool would crack that coin out, at the price the lot will close at.

What would be the upside?

TorinoCobra71 · January 23, 2012 9:33AM

<< Sure looks like a PCGS MS66 to me

Hmmmmmm......expert graders with coin in hand vs grading a picture..........

I know where my bets will be placed.

>>

You can put your money with me anytime.

That coin should me a minimum 65+

Unknown · January 23, 2012 9:33AM

This content has been removed.

TorinoCobra71 · January 23, 2012 9:34AM

<< 

<< Sure looks like a PCGS MS66 to me.

Its too bad that holder wont be around much longer........... >>

At the high expected closing price?
I beg to differ. >>

If the bidder thinks that the coins is a shot six, dont you think that they are gonna crack it out and submit it for the PCGS 66. Holder?!?!?!

No, I beg to differ.

BAJJERFAN · January 23, 2012 9:35AM

<< Because they think it will 66.
However, that is still more than a 66 I believe, so there is the rattler holder tax and the cac sticker tax that is added on above that as well. >>

I wonder if that was an early submission when a old bean was perceived as being 2 grades higher.

BAJJERFAN · January 23, 2012 9:41AM

<< Of course you can't grade accurately based on pictures alone but judging from the close-up picture that coin looks 2 to 3 grades higher than an MS64. >>

Makes you wonder how a pro could be so far off on something so obvious.

stealer · January 23, 2012 9:43AM

<< Sure looks like a PCGS MS66 to me.

Its too bad that holder wont be around much longer........... >>

I would bet it stays in that holder.

BAJJERFAN · January 23, 2012 9:45AM

<< Sure looks like a PCGS MS66 to me.

Its too bad that holder wont be around much longer........... >>

Why would someone crack it? There are already almost 12,000 in the pops. The last thing the coin world needs is another 1881-s Morgan in ms66.

Broadstruck · January 23, 2012 9:46AM

<< This one looks kinda a like a 66, doesn't it? >>

The sellers obv/rev pics look 66ish to me...

Still I've seen so many smoke & mirror Morgan $1 shots.

WTCG · January 23, 2012 9:50AM

<< 

<< Sure looks like a PCGS MS66 to me.

Its too bad that holder wont be around much longer........... >>

Why would someone crack it? There are already almost 12,000 in the pops. The last thing the coin world needs is another 1881-s Morgan in ms66. >>

Because an MS66 Morgan is worth more than $301.

Old generation holders are not fundamentally undergraded. They come undergraded, overgraded and everything in between. Only fact guaranteed is the coin has not been graded recently.

I have gotten MS63 rattler coins upgraded to PCGS MS67. It doesn't happen often but it has happened.

stealer · January 23, 2012 9:52AM

<< 

<< 

<< Sure looks like a PCGS MS66 to me.

Its too bad that holder wont be around much longer........... >>

Why would someone crack it? There are already almost 12,000 in the pops. The last thing the coin world needs is another 1881-s Morgan in ms66. >>

Because an MS66 Morgan is worth more than $301.

Old generation holders are not fundamentally undergraded. They come undergraded, overgraded and everything in between. Only fact guaranteed is the coin has not been graded recently.

I have gotten MS63 rattler coins upgraded to PCGS MS67. It doesn't happen often but it has happened. >>

I thought the premium we are seeing right now is from the bean regardless of what the coin would grade if it were to be regraded?

roadrunner · January 23, 2012 9:55AM

This is the stupidty of sticker marketing/rarity. The coin is a legit 66 shot imo but certainly not a no brainer. Send that coin in 10X raw and you'll get 65's and maybe
even a couple 66's. And maybe even a 64 one time. So now submitters will try to send nice but common coins in with other dreck to try and bring their grades down,
in order to earn a gold sticker. Why am I not suprised? The gold bean only says that JA feels the coin is at least MS65.4. MS66 is a long ways from that. If I'm paying
$300 I'll take one already graded MS66 instead. This coin can never be cracked out of its holder....suicide if you did.

It kinda looks like a MS66 but those facial gouges blend in well with the lighting used. I think those could preclude anything more than a 65+ under most circumstance.
Let's see, 3 submissions to get a MS66 ($84+ shipping)....net price of coin nearly $390. I'll pass too. And it would ironic that in a 66 holder it just might not bean. Net
effect is an average to lower end 66 worth bid or less. 2 pt upgrades, even in rattlers, are very unusual in large coins like Morgans, $20 Libs/Saints. I recall one time having
a MS63 rattler saint that had a decent 65 shot. I sold that coin in the holder for 64+ money. But going from 64 to 66 is far more difficult that 63 to 65. Fwiw you can still find
MS64 priced Morgans in orig rolls and bags that will slab up as MS66/67. I prefer that method of getting my 66's....not hoping that a goldy 64 is possibly a 66.

TomB · January 23, 2012 10:05AM

I think those who are concentrating on how logical it is to buy a possibly undergraded by one or two points MS64 for MS66+/- money are missing the mark with this coin and its niche. The gold bean might be silly to some, but the percentage of coins that earn such beans in their current holders is quite small and we as collectors or dealers all like to own things that are cool, that are tough to find or that are different. This coin falls into that niche with its older holder and gold bean. Therefore, we are not writing about a cost-benefit analysis for acquisition vs. possible regrade, but are writing about buying something cool and different even if what makes it so is not the coin itself.

RYK · January 23, 2012 10:08AM

It would be a good fit for my Box of 20 gold sticker coins.

BAJJERFAN · January 23, 2012 10:11AM

<< 

<< 

<< Sure looks like a PCGS MS66 to me.

Its too bad that holder wont be around much longer........... >>

Why would someone crack it? There are already almost 12,000 in the pops. The last thing the coin world needs is another 1881-s Morgan in ms66. >>

Because an MS66 Morgan is worth more than $301. >>

I think that will sell for more than $301.

pennyannie · January 23, 2012 10:13AM

I am going to put in a major snipe bid at the end,

using RYK's account.

roadrunner · January 23, 2012 10:14AM

<< I think those who are concentrating on how logical it is to buy a possibly undergraded by one or two points MS64 for MS66+/- money are missing the mark with this coin and its niche. The gold bean might be silly to some, but the percentage of coins that earn such beans in their current holders is quite small and we as collectors or dealers all like to own things that are cool, that are tough to find or that are different. This coin falls into that niche with its older holder and gold bean. Therefore, we are not writing about a cost-benefit analysis for acquisition vs. possible regrade, but are writing about buying something cool and different even if what makes it so is not the coin itself. >>

But what's "cool" about a coin that is guaranteed to be at least MS65.4 and pay a MS66.0 price for it? Let's not forget that our hobby is primarily about the coin in the holder.
What happens to CAC beans if CAC goes out of business? Hallmark holders are pretty scarce as well and the grading is tighter than today's standards, are they worth anything today?
What JA needs to do is come up with a platinum bean to identify 2 pt upgrades. That would really be worth the $300. But in this case the coin would probably bid up to $500...lol.
The underlying "asset" in the coin market is the value of the standalone coin. Sometime down the road, this coin will once again be asked to perform to that standard. Just hope you
aren't the current owner when that time comes. We first brought this topic up in 2003-2006 as all the sloppily graded coins were hitting the market and that judgement day would
eventually came. It came alright, in the guise of stickers. Fwiw a gold bean in a current holder is probably far rarer than a rattler or ogh. Just my 2 cents.

BaseballAbs · January 23, 2012 10:15AM

Looks like all the other millions of blast white high grade Morgans out there. Am I missing something?

messydesk · January 23, 2012 10:21AM

<< Looks like all the other millions of blast white high grade Morgans out there. Am I missing something? >>

You're not supposed to look at the coin, just the stuff around it.

Manorcourtman · January 23, 2012 10:26AM

<< Looks like all the other millions of blast white high grade Morgans out there. Am I missing something? >>

Yes you are as are many here. People collect Gold beans and are very serious about it. The coin is not the issue. The Gold Bean is worth more than the coin to those collecting them.

TomB · January 23, 2012 10:31AM

<< 

<< I think those who are concentrating on how logical it is to buy a possibly undergraded by one or two points MS64 for MS66+/- money are missing the mark with this coin and its niche. The gold bean might be silly to some, but the percentage of coins that earn such beans in their current holders is quite small and we as collectors or dealers all like to own things that are cool, that are tough to find or that are different. This coin falls into that niche with its older holder and gold bean. Therefore, we are not writing about a cost-benefit analysis for acquisition vs. possible regrade, but are writing about buying something cool and different even if what makes it so is not the coin itself. >>

But what's "cool" about a coin that is guaranteed to be at least MS65.4 and pay a MS66.0 price for it? Let's not forget that our hobby is primarily about the coin in the holder.
What happens to CAC beans if CAC goes out of business? Hallmark holders are pretty scarce as well and the grading is tighter than today's standards, are they worth anything today?
What JA needs to do is come up with a platinum bean to identify 2 pt upgrades. That would really be worth the $300. But in this case the coin would probably bid up to $500...lol.
The underlying "asset" in the coin market is the value of the standalone coin. Sometime down the road, this coin will once again be asked to perform to that standard. Just hope you
aren't the current owner when that time comes. We first brought this topic up in 2003-2006 as all the sloppily graded coins were hitting the market and that judgement day would
eventually came. It came alright, in the guise of stickers. Fwiw a gold bean in a current holder is probably far rarer than a rattler or ogh. Just my 2 cents. >>

We see a similar effect with folks who pay extra for doily holders, black slabs or Regency holders. However, there are large differences between the two markets. On one side the no longer issued holder types are just that; no longer issued, so while more pieces can come to light it isn't a good bet to think the market will be saturated with these holders. The gold beans are certainly still being made and given out, which of course means that the population of such coins will grow in time. In contrast though, while the extinct holder is all about the holder, the gold bean is there because of the coin and the TPG grade given to the coin. Again, neither pursuit is purely logical, they are about the coolness factor to those who value their qualities.

stman · January 23, 2012 10:38AM

DUDE!!!! This is too

CalGold · January 23, 2012 10:51AM

Let me get this straight. I can pay 66 money for this very widgety widget in a 64 gold bean holder or I can go to any coin show and choose from among a dozen or more widgety widgets of like date already in 66 holders for about the same money. Which should I buy? Answer. None of them. I’ll save my money until I have enough to buy a slightly less widgety widget, maybe even one with a green bean.

CG

PerryHall · January 23, 2012 10:52AM

I wonder what the typical B & M coin shop dealer would offer for this coin.

magikbilly · January 23, 2012 10:54AM

It's neat I suppose. Just somebody please nudge me if they start grading the stickers.

Eric

stealer · January 23, 2012 10:56AM

<< I wonder what the typical B & M coin shop dealer would offer for this coin.

>>

10% back of bid

PerryHall · January 23, 2012 10:58AM

<< 

<< I wonder what the typical B & M coin shop dealer would offer for this coin.

>>

10% back of bid

>>

.....if you're lucky and he's in a generous mood.

WTCG · January 23, 2012 11:00AM

<< I wonder what the typical B & M coin shop dealer would offer for this coin.

>>

At shows I regularly get offered CAC stickered MS64 common date Morgans at well back of CCE unseen bids with dealers eager to sell them to me so I can only imagine how much their buy price is.

Lakesammman · January 23, 2012 11:22AM

neither pursuit is purely logical, they are about the coolness factor to those who value their qualities.

Buying collectible holders is very logical.

SeattleSlammer · January 23, 2012 11:27AM

What Wei said.....you take it into a coin shop, you're gonna get offered bluesheet 64....possibly bluesheet 65 if you're lucky.

DRUNNER · January 23, 2012 11:30AM

Many good thoughts above . . .

The Gold Bean holders are just being sought after by several serious collectors. Are they present in this bidding? I do not know. Are they serious? Yes. At the Long Beach show last summer, I was privy to a discussion where several dealers (one of whom has posted on this thread already), mentioned at LEAST two 'major' players who are collecting ANYTHING with a Gold Bean. No, I don't know why. The prices they were willing to pay were in the vicinity of 2x sheet for ANY coin with a gold bean, regardless of date or denomination. They were just accumulating Gold Beans, which are certainly not common in the market. As with Beanie Babies, baseball cards, or Lladro . . . there will always be a market for anything perceived as "rare" (in quotes as I was taken to task on the meaning of that word many threads ago).

By the way, I was very happy when two of my Mercs in 2.0/2.1 NGC holders went 'goldie' 2 weeks ago!!!

Drunner
(Doily Slut)

SeattleSlammer · January 23, 2012 11:36AM

Many good thoughts above . . .

The Gold Bean holders are just being sought after by several serious collectors. Are they present in this bidding? I do not know. Are they serious? Yes. At the Long Beach show last summer, I was privy to a discussion where several dealers (one of whom has posted on this thread already), mentioned at LEAST two 'major' players who are collecting ANYTHING with a Gold Bean. No, I don't know why. The prices they were willing to pay were in the vicinity of 2x sheet for ANY coin with a gold bean, regardless of date or denomination. They were just accumulating Gold Beans, which are certainly not common in the market. As with Beanie Babies, baseball cards, or Lladro . . . there will always be a market for anything perceived as "rare" (in quotes as I was taken to task on the meaning of that word many threads ago).

By the way, I was very happy when two of my Mercs in 2.0/2.1 NGC holders went 'goldie' 2 weeks ago!!!

Depending on the spread between grades, 2x sheet might not be all that much....or still below the next grade up.

BAJJERFAN · January 23, 2012 11:40AM

<< 

<< I think those who are concentrating on how logical it is to buy a possibly undergraded by one or two points MS64 for MS66+/- money are missing the mark with this coin and its niche. The gold bean might be silly to some, but the percentage of coins that earn such beans in their current holders is quite small and we as collectors or dealers all like to own things that are cool, that are tough to find or that are different. This coin falls into that niche with its older holder and gold bean. Therefore, we are not writing about a cost-benefit analysis for acquisition vs. possible regrade, but are writing about buying something cool and different even if what makes it so is not the coin itself. >>

But what's "cool" about a coin that is guaranteed to be at least MS65.4 and pay a MS66.0 price for it? Let's not forget that our hobby is primarily about the coin in the holder.
What happens to CAC beans if CAC goes out of business? Hallmark holders are pretty scarce as well and the grading is tighter than today's standards, are they worth anything today?
What JA needs to do is come up with a platinum bean to identify 2 pt upgrades. That would really be worth the $300. But in this case the coin would probably bid up to $500...lol.
The underlying "asset" in the coin market is the value of the standalone coin. Sometime down the road, this coin will once again be asked to perform to that standard. Just hope you
aren't the current owner when that time comes. We first brought this topic up in 2003-2006 as all the sloppily graded coins were hitting the market and that judgement day would
eventually came. It came alright, in the guise of stickers. Fwiw a gold bean in a current holder is probably far rarer than a rattler or ogh. Just my 2 cents. >>

FYI there is a platinum bean. And while the hobby is primarily about the coin that doesn't necessarily mean it's exclusively about the coin.

stealer · January 23, 2012 11:40AM

<< 

<< 

<< I think those who are concentrating on how logical it is to buy a possibly undergraded by one or two points MS64 for MS66+/- money are missing the mark with this coin and its niche. The gold bean might be silly to some, but the percentage of coins that earn such beans in their current holders is quite small and we as collectors or dealers all like to own things that are cool, that are tough to find or that are different. This coin falls into that niche with its older holder and gold bean. Therefore, we are not writing about a cost-benefit analysis for acquisition vs. possible regrade, but are writing about buying something cool and different even if what makes it so is not the coin itself. >>

But what's "cool" about a coin that is guaranteed to be at least MS65.4 and pay a MS66.0 price for it? Let's not forget that our hobby is primarily about the coin in the holder.
What happens to CAC beans if CAC goes out of business? Hallmark holders are pretty scarce as well and the grading is tighter than today's standards, are they worth anything today?
What JA needs to do is come up with a platinum bean to identify 2 pt upgrades. That would really be worth the $300. But in this case the coin would probably bid up to $500...lol.
The underlying "asset" in the coin market is the value of the standalone coin. Sometime down the road, this coin will once again be asked to perform to that standard. Just hope you
aren't the current owner when that time comes. We first brought this topic up in 2003-2006 as all the sloppily graded coins were hitting the market and that judgement day would
eventually came. It came alright, in the guise of stickers. Fwiw a gold bean in a current holder is probably far rarer than a rattler or ogh. Just my 2 cents. >>

FYI there is a platinum bean. >>

Let's see a picture or a statement from CAC confirming its existence.

1881-S Morgan PCGS 64 w/gold bean...SOLD - $1136.

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