1884-s S$ pcgs AU 55

2ltdjorn

Nice surfaces, with a hint of russet toning. Good buy at $600.

Why such the big jump at MS?

RYK

I assume you are talking about a Morgan and believe that this date is a relative condition rarity in the series.

2ltdjorn

Yes a Morgan. I am still learning about his hobby, but this coin was shown to me at the local b&m... This is a date that wasn't even on my radar. It's neat to learn something new!

DennisH

1884-S is a legendary condition rarity in the Morgan series. AU50-58+ coins are abundant and relatively common, but Mint State examples are rare... and many lower-grade MS examples have eye appeal that is worse than nice AU examples.

I disagree that $600 for an AU55 is a good buy. In fact, except in exceptional cases I think that is too high. Take a look at the Heritage Auction archives. PCGS AU55s usually sell for less than $500 (including buyer's fee) and some for less than $400.

If you are trying to talk yourself into spending $600 for an AU55 because MS prices are so crazy, I strongly urge you to look at many, many examples first, to get a good idea of what the difference is between OK, better and exceptional for the grade. Don't be in any rush whatsoever; there are plenty of them out there.


(edited to correct spelling typo, darn it)

morgansforever

Pure condition rarity, as large quantities were released into circulation in the 19th century.
From what I've read, not many surfaced during the Treasury release of 1962.
The same goes for the 83S to a lesser degree.