Gee, I see that the "population pyramid" didn't seem to slow down the bidding on this one.
Russ
Posts: 48,514 ✭✭✭
1880-S Morgan Dollar brings $20,000 before the juice.
Let's see. There are over 96,000 graded with 129 at this level and five graded higher. HMM...and it's not even a modern!
Russ, NCNE
Let's see. There are over 96,000 graded with 129 at this level and five graded higher. HMM...and it's not even a modern!
Russ, NCNE
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Comments
Chris
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
<< <i>Ugly and overgraded IMO. >>
I'll buy all the "ugly" coins you have at twice greysheet.
Dicky is right, that coin is a genuine monster toner.
Russ, NCNE
Simply outstanding! Really, the best at the show.
Chris
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Russ, NCNE
Chris
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Liberty: Parent of Science & Industry
I like it...Population Pyramid™. It applies to moderns and classics, and you won't catch me climbing to the top any time soon.
Me Neither, with either moderns OR classics!
Most of my expensive coins (defined by me as >$200 or so) are issues with not only history, classical beauty, precious metals,
but also, the Population Pyramid™ for them is a tiny pile of maybe a few dozens or hundreds extant, in any condition
not the gigantic mountain millions or billions high.
Of course, that means my favorite coins are in grades such as "VG8" or "VF25", not "MS69*DCAMFullWhatever"
got Population Pyramid™ ?
PS: I don't like the PP on the 1880S dollar any more than I like such a PP for a more recent and/or base metal coin. the toning looks fishy too
Liberty: Parent of Science & Industry
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
TorinoCobra71
[Edited to add that a 1971-S in PR68 DCAM sold for $126 and has a pop of 97. The PR69 DCAM sold for $17k and has a pop of 5. That's an increase of 150 times the underpop's value]
<< <i>[Edited to add that a 1971-S in PR68 DCAM sold for $126 and has a pop of 97. The PR69 DCAM sold for $17k and has a pop of 5. That's an increase of 150 times the underpop's value] >>
or a potential 99% downside based on whether the finalizer at the TPG got any the night before.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
It was just a monster in every way--the population was totally immaterial because of the color and eye appeal. Oh, they may try, but ya won't find many more of these anymore soon either IMHO.
Looking for Denmark 1874 20-Kroner. Please offer.
For that date, I think I'd rather have a killer untoned MS67DMPL and a killer toned MS66 and pocket the other 10 grand or so, but everyones tastes vary.
I believe you can locate a super nice PQ MS67 for a fraction of the cost and have a coin that is often 99% there. I also think that many of todays MS68s were yesterdays MS67s and got cracked and bumped over the years, I've seen a couple myself.
<< <i>Could it be that most people buying coins in that price range tend to be a more sophisticated buyer and prefer coins with a wee bit more historical significance and price history like decades of auction records? I think so. >>
More elitist crap.
Russ, NCNE
You could find either of these in about 20 minutes, and even have some choices. Gonna be a long time before you see another 68 like this one. Again though, everyone has their own tastes.
"The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
I'm a Morgan collector and aficionado but even I will say that most Morgan dollars do not have a long price history to back them up, but rather were available in mint sealed multi bag quantities at face value or very close not all that long ago.
What's historically significant about a common date Morgan?
<< <i>Could it be that most people buying coins in that price range tend to be a more sophisticated buyer and prefer coins with a wee bit more historical significance and price history like decades of auction records? I think so. >>
Don't confuse sophisticated with wealthy.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Is everything you don't like elitist crap? you seem to like to write that alot.
Anyway you still have not answered the question I posed yesterday-Do you buy slabbed moderns like the Accented Hair Kennedy you cited yesterday at $1800 or do you only make them and move them out?
Good point!
I do find though that most buyers in the higher price ranges at least do a little more homework than most.
<< <i>I guess that is so. A common date Morgan has a "wee bit" more historical significance than a common date Lincoln Memorial penny, but not quite a "tiny bit" more.
Hmmm. Let's have facts and fun. Outside the Stacks Sale (at $1300+ or something like that) the $23K coin had no history. But an 1890 O Morgan in the same sale did have a history and was sold 1/2 hour later. It was in the Amon Carter Collection. It had an interesting story, and a long debate about whether it was a proof etc.-- it was plated in literature, etc. It just graded at PCGS MS64PL, although a few old-time dealers at ANR sale graded it Gem 65 prooflike. OK--- A semi-pl 1890 O in PCGS MS65 sold one lot earlier for $1,300---The story coin in 64pl bid to over $6,300. That's either $5000 of history or prooflikes are very rare (which I doubt as I have several in 64 Dpl!!)
<< <i>"More elitist crap."
Is everything you don't like elitist crap? you seem to like to write that alot.
Anyway you still have not answered the question I posed yesterday-Do you buy slabbed moderns like the Accented Hair Kennedy you cited yesterday at $1800 or do you only make them and move them out? >>
Obviously, somebody's buying them at that level, or he wouldn't be able to "make them and move them out". If the coins were so easy to "make" then nobody would be willing to shell out that kind of cash for them.
<< <i>"More elitist crap."
Is everything you don't like elitist crap? you seem to like to write that alot. >>
Just telling it like it is, bunky. You're under the mistaken impression that your collecting habits are somehow superior and more "sophisticated" than others. You're wrong, and you look foolish every time you post your elitist drivel.
<< <i>Anyway you still have not answered the question I posed yesterday-Do you buy slabbed moderns like the Accented Hair Kennedy you cited yesterday at $1800 or do you only make them and move them out? >>
I very specifically answered your question. Perhaps you should attend a remedial reading course.
Russ, NCNE
<< <i>I guess that is so. A common date Morgan has a "wee bit" more historical significance than a common date Lincoln Memorial penny, but not quite a "tiny bit" more.
I don't think so. The typical Morgan was produced simply to appease the silver mining interests
and then sat in a bank vault for many decades. No one wanted them for commerce and most con-
sumers would refuse them if offered in change. They sat unloved and unwanted until the 1960's
or '70's when they were dug out and sold to buyers at a premium or at face value.
The Lincoln memorial cent is a continuation of a design struck almost continuously since 1909. It
has been struck 8 different alloys for nearly 100 years. The first actual memorial cent created a
large stir in 1958 when people learned it was coming and a large increase in collector ranks. This
coin struck since before most of the silver dollars saw the light of day has itself been struck in five
different alloys and can be found misstruck on several more. While none of the regular issues are
rare there are numerous ones that are much scarcer than some Morgans in gem condition. All of
the rare memorials are scarcer than all of the Morgans. Many of the S-mint proofs had lower mint-
ages than many Morgans. These coins have also had a very dramatic change even in their very
nature in the last two generations. The early issues were valuable enough to buy penny candy
while the latest ones are junk, toxic, and a drain on the economy.
This is all a matter of perspective but saying that a 1904-O Morgan is more historic than a 1959 Lin-
coln is about equivalent to saying it was minted sooner.
junk junk junk
Liberty: Parent of Science & Industry
<< <i>Morgan dollars and Lincoln cents suck almost as much as clad coins.
junk junk junk >>
That's OK to say about Lincolns (and maybe even clads) but them's fightin' words for Morgans.