1881-s Morgan Dollar MS-65 sells for $5K
dizzlecc
Posts: 1,113 ✭✭✭
Heritage held an auction made of US Coins in early holders. An 1881-S in an early NGC holder graded MS-65 with a CAC sticker sold for $5,000 (total plus fees). Expected a premium for CAC sticker and the coin looks nice for the grade. But, $5K???? What kind of premium does the holder add?
Overall, it was a good auction for the seller as many coins in the early holders brought a premium.
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Comments
That is the highly sought after 2.1 generation holder, the CAC bean had no effect on the auction price, every bit of that premium was for the holder.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
The coin didn’t put it over the top. There are many 1881-S dollar that are P-L or semi P-L. This one is dull in comparison.
Coinbuf is right. It's that holder that brought the $.
It's both holder and bean that brought the chicken tenders out.
Rare, rare combo.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
Totally agree. Both the Gold CAC and NGC 2.x holders are white hot right now. Put those two together and it's unobtanium for me. I was watching or bidding on 18 lots and came away empty handed.
Here is a standard rattler with a Gold CAC and an NGC 2.0 that both went for 6 - 7x the price guides:
Tim
Huge, huge fan of the old holders. And a CAC, especially a gold CAC, is really important on these old holders to show the coin was a legitimate crack-out candidate that miraculously survived. Otherwise the coin might be seen as having topped out at the given grade.
But seriously. $5,000 for a 65? It's a $400 coin in 66. There's a 67* NGC and a 67 CAC PCGS on eBay right now for $1500.
$5000 is close to what 68s are bringing.
--Severian the Lame
God bless the seller, good for him or her, geez that is stupid money for a common date 5.
As mentioned above . . . it is the holder.
I took loads of sheesh years ago when I started doing the Doily thing. I think I might have been responsible for the "buy the coin, not the holder" phrase all by my lonesome. Yet look at the holder craze now. I don't believe it is going away either . . . the truly rare holders are going up every month.
Drunner
Wow. Thanks for the input and education on the driver in the premium. Currently, the market is hot for the early holders add a cac sticker and boom.
Sometimes it IS the plastic.
I’ll have to confess I kinda like it ... it would take more than a few beers for me to pull the trigger on 5 grand but I can see it happening I suppose
I am not a 'holder' collector....but seeing what prices some of these bring, I may have to investigate some old boxes and see if I have any old slabs of value. I am not a dealer or seller, but that kind of profit, for something that does not interest me, would be hard to pass. Cheers, RickO
Cool coin! I am pretty sure I used to own that one. I sent it to CAC, got a gold sticker, and then sold it for $900 to that guy who was paying what I thought was STUPID money for Gold CAC'd coins. I think he sold it at Heritage where it brought about a third of that...(and was still too much for me at the time!) I still own coins #14 and #17 from that same invoice!
Paul
This one came from CRO in April of 2013. So if that works in your timeline... we're virtually related!
--Severian the Lame
I believe it is the same coin. It sold by Heritage in January, 2013 from the SPQR Collection and that was the collection aimed at acquiring gold CAC coins. The amount it sold for and the date of sale match everything mentioned here. Looks like you guys are related!
In honor of the memory of Cpl. Michael E. Thompson
Haha, I knew it had to be my old coin!
Until recently, that was the **only ** 2.1 or 2.0 I have ever sold. I just sold my second: an MS64 1881-S Morgan Green CAC for $2,500. 😱
I just cannot justify keeping them at the current market prices. I would rather have a paid-off house!
Paul
I think my local dealers have the right idea about how much of a premium they pay for "rare" holders ... none.
I'm curious if yours was a 2.0 (logo outside) or 2.1 (logo inside). I let a white label 2.0 MS65 Gold CAC Oregon trail go about nine months ago for $900, I assume it would easily go for much more at this point. My original asking price was $1500 and I let it go on eBay after only four days because it was a windfall for me (purchased for virtually no premium and un-cac'ed). What in the world would a Black insert 1.0 go for at the moment???
10K min, likely more if the coin was nice.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
The nickel pictured in this thread was the 2.0 I sold in the past. The Morgan I just sold for $2,500 was a 2.1. I think Coinbuf is correct, $10k plus on 1.0's.
Paul
What ever happened to "buy the coin not the holder"?
I love the toning going on with that. Sweet holder as well
The holder drives the value here, not the coin in it. I don't know why so many people have trouble recognizing this.
To each their own on the price paid. Am a fan of the rim toning on the piece. Somewhat a golden hue.
Yes there's many types of "collecting" I suppose even coin holder collecting with the bonus that a coin comes with the holder.
Someone did buy the coin, they just paid a lot more for the holder.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I was expecting to see a monster toner when I opened the thread. What an expensive piece of plastic.
When I sell a MS65 1881s that looks like that (really a 66 in an older holder, but not that generation holder) I only can get a fraction of $5k. I am living on the other side of the universe.
100% Positive BST transactions
What is the difference between this and a Mint State common date condition rarity selling for $$$$?
In both cases the coin is common, it's the packaging or grade opinion that is scarce and in demand.
Insatiable demand is shocking perceived value norms.
The greater fool concept is alive and well