Is there a place to find historical listings (1992)?

MDavid

Hi;

Just recently pulled some Morgans from a safety deposit box (waiting for a new one to be available during bank relocation); and I thought to quickly check latest values, but am flabbergasted at severly reduced valuations. I'm being told that 1992 had egregiously inflated prices; but I'd like to double check that claim. These are the ones I'm curious about, with their (purported) 1992 values:

1886 MS 64 PCGS 7166 6325103 $148
1888 MS 63 PCGS 7182 6325104 $135
1888 MS 64 PCGS 7182 2232610 $186
1898 MS 64 PCGS 7252 7104109 $122

Today the 64's are valued at $60 each and the 63 is valued at $42.

Thanks in advance for any clarifying info! MDavid

100proof1957

Market boom in the late 80's and early 90's just killed some people !

paid a grand for a 41S walker around 89,now worth about 150.00 !

pursuitofliberty

Well, I kind of hate to even tell you this.

While it's true during that time lots of people got duped ... many people have the dates of the bleeding wrong. It was in 1990 that the Morgan and High dollar speculation market really started its spiral down. This was also the time when PCGS and NGC standards were really starting to gain market acceptance with the players. I do know, because I was there. I pulled a sample of some greysheets I kept ... Feb 9, 1990, Jan 4, 1991 and Nov 20, 1992 and these are the ASK prices for those pieces;

1886 MS64 $100. in 2/90; $45. in 1/91; $34. in 11/92
1888 MS63 $ 38. in 2/90; $27. in 1/91; $23. in 11/92
1888 MS64 $100. in 2/90; $45. in 1/91; $36. in 11/92
1898 MS64 $110. in 2/90; $45. in 1/91; $38. in 11/92

Many of us, who sat on the sidelines for the show, were amazed at the dollars won and lost. I think the next five years of regrades and the gradeflation that became the trend that has endured somewhat was just people trying to get some of their money back.



Oh ... by the way ... welcome to the boards!!

MDavid

Hi Todd!

Thanks very much for the welcome!

That was precisely the information that I was looking for. So it may be possible for me to get some old grey sheets?

These particular coins were acquired by a (then) co-worker, who acted on behalf of several of us at work. We all pooled our money, and he did the purchasing. I had been in this 'club' for 3 years when I left; so he cashed me out according to the dollar value I had put in. I didn't put all that much in over the course of only 3 years, so I only came away with 5 coins. One of them did well (an 1878-CC MS63 appears to have gone from $130 to $277; even got an offer of $300 for it from a dealer).

But these others leave me curious... and, maybe, suspicious.

If they were over valued during 1990, but had gone down by 1992, then they weren't really worth what our friend told me.

Some people tried to re-coup by paying for re-grades? Wow. Kinda makes it seem subjective all over again... which would seem to me to leave things more open to haggling... like the era before grading...

Are old grey sheets readily available? I need to make peace with myself before moving on... ;-)

Conder101

Yes it is very easy to get any greysheet you want. Here is the link you need to order any or all of them.

Back issues of the Graysheet
Cost is from $1.50 to $2.50 each depending on how many you want.

If you want the monthly summeries that link is

CDN Monthly summeries
Price is the same

For Bluesheets

Bluesheet back issues
Same Price

MDavid

Thanks Conder!

I'll only want to look at them for a 3 year time frame, and I'm only curious about quarterly fluctuations.

Now, will I break the heart of my buddy if I tell him he paid too much? Do I want to live w/ myself if I make him feel badly?

Those are questions of conscience.... hmmm...

Anyway, thanks again!

mhammerman

mdavid, there are many of us sitting in that boat with you. Most of us just took the hit and moved on. Those coins we paid $400-500 for, you know the vam in ms65 that you had your private dealer find for you at a show in Kansas or that one that was so well struck it almost cut your finger when you held it by the edge, the ones where you could see the reflection of your eye when you were looking in the fields...well those are still around but it is just not the same. The excitement from your first stunning GSA that you wanted to rip out of the holder so you could hold it in your hand, not there anymore. Certainly there are a lot of us with truly broken hearts over what happened in the mid '90's because we loved our morgans. When I see a photo here of that beautiful woman with those unblemeshed satiny cheeks and that sharp corner in her eye where she is looking forward over that beautiful nose and bridge and those crisp letters and devices, I just sigh and surely all of us that have been there must slump for a moment. But look forward because now is now and then was then.