What is the "real" value of the 1893 S Morgan? Whay will people pay for these?

seateddime

What is the "real" value of the 1893 S Morgan? Whay will people pay for these?

Assume circulated coins of say good, very good, fine?

Has anyone bought or sold one recently?

lasvegasteddy

pcgs has auction prices realized,heritage auction archives is another resource as well as ebay auctions ended search

ziggy29

I would imagine that searching through Heritage auction archives would lead to quite a few examples. Could be some on the archives for Teletrade also.

lasvegasteddy

pcgs covers it nicely

RYK

The coin that you have been trying to sell on ebay is probably an AG-3 and sells at Heritage (based on auction archives), in a TPG holder, for $1500-2000. Without the holder, there is probably a question of authenticity, by some, and this would probably value your coin in the lower part of this range.

ziggy29

<< <i>The coin that you have been trying to sell on ebay is probably an AG-3 and sells at Heritage (based on auction archives), in a TPG holder, for $1500-2000. Without the holder, there is probably a question of authenticity, by some, and this would probably value your coin in the lower part of this range. >>

Agreed. I'm certainly not the type of guy who thinks all things numismatic should be in plastic, and I crack 'em as much as anyone...but I would never even consider selling a high-priced key date like this raw. I suspect that selling it raw would leave several hundred dollars on the table.

ziggy29

oops...double post (and +1).

BAJJERFAN

Here is one currently at $6500 with the juice that is way overpriced for the grade IMO.



93-s

SilverEagles92

I agree with the slab sentiment. I was in the market for an 1893-O recently, and there were a few cheaper ones raw, but I forked over the additional $25 and bought a slabbed coin. Immediately cracked it out of the slab when it arrived, but I wanted to be sure it was authentic.

ahooka454

I recently picked up a vf30. not a bad price either. There is no way without a slab i would risk it on any key date. period. i think they will climb even more. i hope they do anyway. i see a fair amount of them too in sim. grades. a few high end ones, i.e.: au 55+. occasional ms example.


look at the other series circ. key dates. they are all going up, and still going i think.

DennisH

Assuming the coin is PCGS or NGC certified, I think the real value of this date these days is somewhere close to Grey Sheet "Ask", but not above. For a raw coin it is significantly less, and for one of the other TPGs it is somewhere in-between.

I say this because I literally see at least a dozen of them at every major show, they are all priced above Ask, and they are all still in their cases on the last day. In other words, they don't sell. Would they sell if they were priced at Ask or slightly below? Perhaps -- or perhaps not. But the market sure isn't pulling out the checkbook at Ask-plus.

AUandAG

Sold a VF20, PCGS about a year ago now. It brought
$5,005 on Ebay.
Dang they are expensive. Wish I had a roll or two!
bob

BAJJERFAN

So what should a vf35 sheet for?

segoja

I sold a XF40 (NGC) about 1 week ago. It brought a little over the current bid level. The coin was accurately graded.

If the coin is graded properly, it will bring between bid-ask (realistically) Many seller want way over, but the bid levels have already factored the rarity into the price.

WTCG

In my opinion circulated and certified 1893-S Morgans if original looking are worth about Greysheet numbers. They're fairly salable but they are definitely not rare, especially in lower grades.

cohodk

These usually trade on the wholesale level well below greysheet.

coinkat

This date seems to sell no matter what... I agree that it is available in grades up to EF40. The problem is originals are abit of a challenge and I'll stop there. I think folks know where I am going with this

lasvegasteddy

i'm surprized the mad one didn't pop in with his...this is what i bought in a dealers bargin box for $13 ? i think it was then after slabbing it sold it for ??? was it $6.5 or $9.3 k....

Frankcoins

<< <i>Here is one currently at $6500 with the juice that is way overpriced for the grade IMO.

>>



Nothing at an auction is overpriced.

YaHa

Oh My!! 1893 was a great year.

jdimmick

As stated above, IMO, there are numerous 93-s avaialbe at any decent size show. Most are priced too high, therefore they sit. If accuratley graded and holdered by one of the top tier services, if you get between bid/ask take it.

Lots of dates like this that went way too high in the past run up, and have no where to go but slide back a tad!!! it will take the greysheet a while to reflect it, but if you trade or participate daily either selling as a dealer or trying to sell back specific coins to dealers, then you will get a cleared picture on what is still in strong demand/strong prices, and what isnt.

anablep

I can't seem to convince myself to pull the trigger on one of these.

I have a feeling that this coin, plus the 1894 and 1889-CC will be the final 3 I will need for a complete Morgan set and by the time I get to them (3+ years I figure) their prices will be through the roof.

Hard to justify buying a 93-S right now when I have a mortgage to pay... priorities win out every time.