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Why are 84 s Morgan’s so hard to find in high AU 58 and up grades?

[Deleted User]

Ilk be honest with you. I think it's a little more that they really are not difficult to find in AU at all PCGS alone has graded 2406 AU 55 1884S Morgan's. This suggests to me that's its a pretty common coin in this grade.
When you get up 60+ that's when your spending serious money with low pop numbers.
An AU 55 with really nice eye appeal is a $500-700 coin.
A dull lifeless specimen is around $400-$500.
I know I'm a newbie but I have been doing some hard-core studying on Morgan's and WLH.
Morgans I have found are like that. They come in all shapes and sizes!

ifthevamzarockin

Certain dates & mint marks were needed for commerce and were not stored in reserves, all were released for circulation.
Other examples of "condition rarities" are the 1901 P and the 1896 O

winesteven

They’re NOT hard to find currently available for sale!

I took just a few seconds to search with filters on collectorscorner.com (it’s a FREE tool - as I always say, “If it’s free, it’s for me”).

They show a total of 41 CURRENTLY available for sale dated 1884-S in grades from AU58 and higher. Here are the results of the 13 currently available for sale graded just by PCGS:

1. AU58 - Five in this grade, with one of those in a GC auction. The other four range in price from $2,595 - $3,750. Two of those four have CAC stickers, and they are priced the highest. The one on GC also has a CAC sticker.
2. One graded MS61 ($11,250), another one graded MS62 ($20,250).
3. Three graded MS63, one of which is in a GC auction. The other two are priced at $59,500 and $67,500.
4. One graded at MS63+ with a CAC for $107,500.
5. One graded MS64, with a CAC, for $156,000.
6. If you have really deep pockets, there’s a lovely MS67, with a CAC, for $940,000.

I search collectorscorner.com every night for coins on my want list. Their filters make the search go very quickly. Since I do it daily, I make sure on their filters I set the “Last Changed” to just 2 days, which then only shows me newly listed coins (or older ones just “relisted”).

Steve

coastaljerseyguy

Not sure about MS coins as that is way above my pay scale but I think it is hard to find a nice choice AU 84-S. For 'Morgans', the numbers posted above are miniscule compared to other dates and the # of Morgan collectors. I think the TPG pop #'s for AU are high end due to re-submissions to get that 55 or 58 grade as 53>55 doubles and 55>58 almost triples in price. Also think some of the lower AU coins are lifeless as they may have been dipped to try and get an upgrade.

dsessom

@winesteven Have you had issues, where you find a coin on Collectors Corner, and you go to pull the trigger, only to find out that the dealer has sold it already? This has happened to me numerous times, so I stopped using it. In fact, I purchased an 1878 8TF Morgan from Collectors Corner on Jan 18th, and the dealer has yet to ship the coin, give a refund, or offer any explanation as to what's going on, and I even called them three times and emailed numerous times. This is the first time that I can recall ever having any issue with a dealer, and it's really starting to get aggravating.

winesteven

@dsessom said:
@winesteven Have you had issues, where you find a coin on Collectors Corner, and you go to pull the trigger, only to find out that the dealer has sold it already? This has happened to me numerous times, so I stopped using it. In fact, I purchased an 1878 8TF Morgan from Collectors Corner on Jan 18th, and the dealer has yet to ship the coin, give a refund, or offer any explanation as to what's going on, and I even called them three times and emailed numerous times. This is the first time that I can recall ever having any issue with a dealer, and it's really starting to get aggravating.

Actually, out of buying roughly 100 coins via the lead on collectorscorner, I've had only two instances where the coin was gone. One was with a dealer who kept it listed there for well over a year, and the other was that another collector beat me to it by about a half hour, lol.

When I see a coin I want on collectorscorner.com, I actually email the dealer directly, and then call the dealer directly the morning of the next business day, as I often have a couple of questions regarding the coin in hand. I will also discuss getting a better price than the one being asked.

Steve