Your opinions on the 1903-S Morgan VAM-2

GoldenEyeNumismatics

ebay link

I was watching it all day and had esnipe bids set in. I wound up not winnign. It didn't have a single bid until 3 minutes left. It certainly doesn't look like it would cross to PCGS or NGC as an AU55, but AU53 is definitely possible.

Personally, I think there's still some decent money left to be made at that price. With PCGS and NGC AU55 examples in the $15-$20k range and AU50 around $4k, and AU53 might be in the $7k or $8k area.

Your opinions?

BAJJERFAN

I think you nailed it, would do ok if you could cross it into PCGS plarstic. I have a 15.

Rampage

Nice looking coin. The person who purchased it will enjoy it in his collection I am sure.

Windycity

That's a good price on a micro s, particularly if it crosses!!!

DennisH

This is a VAM with enormous demand in high grades, but there is almost no supply. As a date, the 1903-S is what, about $2200-$2500 in AU55 even without the VAM?

I think this coin was a GREAT buy that has very little downside risk for the winner. If it crosses at PCGS as a 55 he hits a monster home run. If it drops to 53 he does superbly. If it goes down to 50 he'll probably still make money. The only way he loses is if he cracks it out raw and it bodybags. Here are all the price records I have for high grade micro-S:

1903-S 2 58 PCGS Apr-07 H $21,850
1903-S 2 55 NGC Jun-06 H $23,000
1903-S 2 55 PCGS Jun-06 PP $20,000
1903-S 2 55 NGC Sep-06 H $17,250
1903-S 2 53 PCGS Jun-07 E $7,450
1903-S 2 50 PCGS Apr-07 PP $7,900
1903-S 2 50 PCGS Feb-05 H $3,450
1903-S 2 50 NGC Mar-07 H $3,220
1903-S 2 50 PCI Feb-05 E $2,551
1903-S 2 50 NGC Jan-05 H $2,185

BAJJERFAN

I don't believe that there are any mint state examples known.

messydesk

I concur. It definitely looks better than AU50, but so many of the 03-S Micro S coins are problem coins. I think Jack will do well with that coin.

GoldenEyeNumismatics

loser's remorse.

I sent the winning bidder an offer of $3750 for the coin. We'll see if he accepts.

Yale68

Wow!! How did I miss this coin? I would have bid much higher. Congrats to Jack for a great buy.

EBAY sellers should learn a lesson from this one - - Give careful thought to the keywords in your title!! If this one used "vam" or "micro" in the title, I predict the seller would have realized at least two grand more.

Coxe

Yeah, how did I miss it too?! Jack, you can send it in for crossover, what, about 100 times until it goes and still make money on it easily. Great pickup. I think it would go the first or seconf time anyway, even if there end up being some light wipe lines or something. This is a coin all the TPGs want in their holders. I only have a F12 myself.

greghansen

I don't believe that there are any mint state examples known.

I think there was a mint state NGC sold a couple of years ago. Can't remember if it was an MS61 or MS62. Some of the serious Vammer's will certainly remember it better than I.

anablep

That is one nice coin...

Sorry you didn't win it...

DennisH

NGC's pop report shows a single MS62 coin, but no others in Mint State.
ANACS shows none.
PCGS shows none.