Need Advice -- 1879 Proof Set (PICS ADDED)

FrattLaw

I've fallen in love with early proofs..... I'm currently doing a 1911 proof set but I've been thinking about doing a 1879 set.

I'm also thinking that this would be a mid-range set since I couldn't afford the gem grades. Perhaps PR62 - 64 depending on coin and price.

I already have the IHC. And I need to purchase a proof Morgan for a Type Set, so I figured that I'd just add the other coins and make it a set.

Here's the question -- are there any 1879 proofs that will be impossible to find or cost prohibitive?

If anyone has any ideas as to prices that would be great as well.

Michael

coinguy1

<< <i>are there any 1879 proofs that will be impossible to find or cost prohibitive? >>

No.

Edited to add: Unless you plan to include gold.

stman

Talk about playing in the deep end of the Numismatic pool, you sure put a lot of sets together. I couldn't play that deep.

numonebuyer

There are 1879 Morgan Dollar Proofs. The pricing for PR-60, 62, 63, and 64 are approximately $825, $1250, $2150, and $3600, respectively (if you believe the PCGS online price guide).

The PCGS population report for PR-60, 61, 62, 63, and 64 are 14, 18, 41, 58, and 77, respectively. My report is over a year old.

Good Luck.

And the price for this information is a picture or two.

SethChandler

Nope, outside of the gold, they are all common proofs. And you are not going to be spending alot of dollars. That'd be a fun set to put together.

Seth

FrattLaw

Okay so its a set I can actually complete! It might take me awhile, but I think its worth a shot. So here's a start -- any opinions, any suggestions as for price/value. It seems pretty clean with no flecks and maybe its the pic, but there seems to be some contrast between the devices and the fields.





Care to guess the grade? Are these hard to find CAM and if not, is there a premium for CAM examples?

Thanks
Michael

FrattLaw

Anyone??

Michael

Wolf359

PR64? Also wanted to say that finding an 1879 Proof Morgan with a CAM designation will be challenging, although not impossible. The quality of Morgan proofs for the first 2 years were so-so and really picked up in 1880.

coinguy1

Actually, the 1879 is tied for the third highest Cameo population with a PCGS population of 77 pieces.

Michael, there should be only a minimal premium for a Cameo designation.

mgoodm3

Seems like when I was looking at proof 3cN's the price for cameo were about the same as one grade up (ballpark). So 66CAM will cost you similarly to 67. Not a big premium. Early proofs are pretty cool, they've become my addiction. Morgan will be the most expensive of the non-gold group.

coinguy1

Mgoodm3, a common date PR66 Cameo should cost considerably (as in approximately $200 to $300 hundred) less than a PR67 non-cameo.

FrattLaw

Well I think I'm going to let this 3C slide then. I really like the cameo that these early proofs have and would rather wait for a nice 64/65 CAM if it isn't that much of a price jump.

Thanks and I'll kept posting more possibilities as I continue to look.

And by the way Mark -- you can add these on to my "want list"

Michael

Catch22

I've seen plenty of cameo 3CN's and the price variation (across the entire series and grade structure) is way too low. No doubt because of the lack of interest in the series. Keep a sharp eye out for carbon on these little coins.

Wolf359

Mark: For PCGS 1879 Morgan Proofs there are 258 certified non-cameo and only 22 cameo; no deep cameo. Coin numbers 7314 and 87314.

coinguy1

Wolf359, my apologies - I did not read your post carefully enough.

I was speaking of the 1879 Nickel Three Cent pieces, not the Morgan Dollars.