1895-New Orleans Morgan NGC AU/50

CCNugett

I bought a 1895-0 Morgan off E-bay about a year ago for $300.00.
I just recently had it slabbed by NGC and it came back AU/50.
At the time of grading PCGS had it's value a $1300.00. I checked the PCGS price just the other day and now it is priced $1750.00 in AU/50.
The grade is at $12,000.00.What is the likelyhood of this coin continuing it's spiral upward.Should I just sit on it for 4-5 years.My grand-son is going to need a new car and college.How high could this coin go?The 1893 CC has done the same thing in a very short period of time.I keep an eye on the PCGS price list and these 2 date and mints have just been Skyrocketing letely. Thanks Tom

coinbuf

Welcome to the boards Tom. It's anybody's guess as to what the market might do in three to four years. Some think the market is heading due for a correction and will fall; others beleive that it is still very strong and will continue to keep going up. But like the stock market it's all just guesswork and luck. Also the price guide is not very accurate, the last AU50 to sell at auction went for $977 and an AU53 sold for $1265. These prices will give you a real world guide as to what your coin is worth.

Chris

RYK

No one else is responding, so I will once again.

There is a common theme here. My personal philosophy is to collect fundamentally rare coins for enjoyment. Sure, I hope down the road they are worth more than what I pay for them, but I do not EXPECT to make a profit. Parabolic upward trends rarely continue over the long term.

If you have a specirfic finacial goal in mind, buying zero coupon bond is one fairly safe way to achieve it.

Good luck,

Robert

dimples

sold a 95-o pcgs50 last week to Steve Estes for $1250. Paid $850 two years earlier.

BAJJERFAN

The 95-O seems to be hot all of a sudden.

DorkGirl

Unfortunately, none of us know the answer to your questions. If we did, we would all be bazillionaires and not be sitting in front of our computers. The PCGS guide is just a guide, it is not written in stone. A more realistic price guide is ebay, or other online auction houses.

coinkat

Congrats on your purchase...