Was this 1879-S PCGS MS-66PL Morgan a Steal at $368?? -- Photos

Stuart

Was this 1879-S PCGS MS-66PL a Steal at $368?? (Not Mine...)

airplanenut

Don't know what those typically go for, but that is a SWEET coin!

Oney

More than a steal, since MS66 goes for around the same price...

K6AZ

It was a rip, under greysheet for a non-PL. Probably due to the pictures not showing any contrast at all, the images look like a run of the mill business strike.

Cam40

its a real beauty imo.

RYK

Huh! I know nothing about Morgans, and utter boredom caused me to open this thread. I do not like the look of the coin -- at least the picture of the coin -- so I am glad to learn that it is not yours, Stuart.

Stuart

RYK and Eric: The only reason that I was even considering bidding on this coin was that it was looking like it would go cheaply.

I saw that the digital pictures did not show mirror-like fields, so I was not very strongly motivated to purchase it. It would have only given me a 1 point bump up above my MS-65 PL, and I figured that I could use the $368 to fill a hole in my registry set rather than for a 1 point upgrade.

Having used all of the baove logic, it still would have been kind of cool to own a Morgan in 66-PL...

DUIGUY

Sold one to a dealer for $425.00, I think you did ok,

zkcoins

Sounds like a decent price. I don't see a strong PL. Perhaps a bad picture. The last 1879-s ms66pl on teletrade sold for $525(including fees of course). Here is a Link to the 1879-s pcgs ms66pl

Hope that helps.

rhedden

Based on greysheet, it may appear to be a rip, and it is nice looking. However, it is an extremely common coin that is extremely common in PL. Such things often trade at an apparent discount for the simple reason that they are very hard to sell at full price.

CarlWohlforth

It looks like a nice coin for a non-PL price. PLs seem hard to price but are worth a premium to me. In fact I like some PLs better than some DMPLs. The DMPLs show any tiny scuff easily and I like the luster on the PLs.