1893 Morgan

pupskweek

I am trying to learn. This coin recently sold on E-bay for $2157. "1893-S Morgan Silver Dollar "Key" nice coin"--Ebay Item 3949452989, seller wolves_stamps. I don't know how to link it. The picture showed a pretty well worn coin but nice otherwise.

The PCGS price guide lists it in VF condition as worth $5650.

My question is: did this buyer get a coin worth $3000 more than he paid? I would like to know if one can bid this high with impunity; is the price guide a good guide; how can a coin valued at $5650 go this cheaply; or, how can a Morgan dollar be worth $5650 in the first place?

Thanks--Pups

Luvdawgs

Sorry, don't know the answer to your question, but here's a LINKY
to the auction

numobri

pupskweek,

First off,the coin is not a VF coin,also ,PCGS price guide is high.

There are many Morgan Dollars worth more then $5650.

Welcome,stay and learn.

Brian

ER

A raw 1893-S Morgan on ebay. That buyer got some gut. BTW, if it's real, that coin looks liike a Fine12/VG10 to me. JMHO.

Vet

The coin isn't VF . Here is a pic of mine in F15.

Larry

dorkkarl

the ebay coin is a decent vg, though it appears to have been washed. the closing price seems reasonable.

K S