Hypothetical - 1895 Morgan Buiness Strike Pricing
jmcu12
Posts: 2,452 ✭✭✭
Assumptions:
The 12,000 mintage actually happened and are not an accounting mistake.
All 12,000 still exist today, they were not melted.
All would grade MS62 at PCGS or NGC. None higher none lower.
What would they be worth in today's market?
Also assuming they were found in 12 original 1000 count bags - how much would you pay for just the bag?
The 12,000 mintage actually happened and are not an accounting mistake.
All 12,000 still exist today, they were not melted.
All would grade MS62 at PCGS or NGC. None higher none lower.
What would they be worth in today's market?
Also assuming they were found in 12 original 1000 count bags - how much would you pay for just the bag?
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<< <i>Assumptions:
The 12,000 mintage actually happened and are not an accounting mistake.
All 12,000 still exist today, they were not melted.
All would grade MS62 at PCGS or NGC. None higher none lower.
What would they be worth in today's market?
Also assuming they were found in 12 original 1000 count bags - how much would you pay for just the bag? >>
One bag out of 12 existing? All unc? Probably $100 per coin.
<< <i>
<< <i>Assumptions:
The 12,000 mintage actually happened and are not an accounting mistake.
All 12,000 still exist today, they were not melted.
All would grade MS62 at PCGS or NGC. None higher none lower.
What would they be worth in today's market?
Also assuming they were found in 12 original 1000 count bags - how much would you pay for just the bag? >>
One bag out of 12 existing? All unc? Probably $100 per coin. >>
Done. I'll take them.
- Ian
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<< <i>I'm in at $150 each. >>
Wait, if we're going to have an auction...
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<< <i>how many 1903-O bags showed up in the 1960's? This may be a good indication >>
David Bowers gave a range of 60 to 350 in his 2-volume Silver Dollars Encyclopedia.
I would guess around $2500 to $3000 each. If the entire mintage survived, they would likely be considerably less scarce than the 1893-S, but the popularity of the date would assure a premium price.
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This exercise is meaningless without an assumed demand rate, which I think is the real question anyway. I would say that if such a hoard materialized, the pent up demand of wanting to own an 1895 Proof (much like the 09-S VDB) would still make the coins worth more than some of the better CC's.
<< <i>IMHO.
This exercise is meaningless without an assumed demand rate, which I think is the real question anyway. I would say that if such a hoard materialized, the pent up demand of wanting to own an 1895 Proof (much like the 09-S VDB) would still make the coins worth more than some of the better CC's. >>
Yes, this.
Demand is there as every Morgan collector needs one and would be out trying to get one. Me included.
bob
A great related question to this thread is, what would happen to 1895 proof prices if thousands of business strikes suddenly appeared?
<< <i>If I owned the bag, I'd keep 5 and melt the rest or keep 5 and run the rest through a rock tumbler, so there would only be 5 uncs.
Burn yoor troubled assets. Greenspan would be proud.
Empty Nest Collection
would gravitate towards the $5,000 to $10,000 price range. There is NO WAY that
all 12,000 coins would grade MS-62 -- the registry set guys would lose their minds!
<< <i><< What would they be worth in today's market? >>
I would guess around $2500 to $3000 each. If the entire mintage survived, they would likely be considerably less scarce than the 1893-S, but the popularity of the date would assure a premium price. >>
I thought the 1893-S was estimated to be around 12,000 survivors.
I got a recent advertisement discounting a bunch of product I had bought awhile back. Said seller was discounting himself, as he was the only supplier. I wasn't very happy about it.