Surprising auction result at Great Collections

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U1chicago
U1chicago Posts: 6,995 ✭✭✭✭✭
in U.S. Coin Forum

Was anyone else following this auction at GC this past Sunday?
I figured that the combo of rattler, CAC, and nice color would bring a significant premium but I was still surprised to see a final price of $7,312.50 (which includes the fee). I was expecting something closer to $3k. Did anyone see this coin in hand or expect such a result?



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  • pruebas
    pruebas Posts: 5,286 ✭✭✭✭✭
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    Nothing surprises me anymore in this hobby.

  • Bochiman
    Bochiman Posts: 25,790 ✭✭✭✭✭
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    Awesome for you!
    I really like the greens and the normal 1881-s luster!

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • leothelyon
    leothelyon Posts: 8,568 ✭✭✭✭✭
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    The value of a MS64 1881-S is listed at $125. How much will this sale of this date affect PCGS coin values? Personally, I don't think it should be used to adjust prices at all. They need to come up with an added entry/another catagory in their price guide, basically for toned coins or the rattlers. And......not trying to change the subject but might make for a new discussion....if we were ever to get an answer.

    Leo

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • U1chicago
    U1chicago Posts: 6,995 ✭✭✭✭✭
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    @Bochiman said:
    Awesome for you!
    I really like the greens and the normal 1881-s luster!

    It was not mine-I put a tracking bid but that was blown out of the water.
    I do like it (just not 7k+ like it).

  • U1chicago
    U1chicago Posts: 6,995 ✭✭✭✭✭
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    @leothelyon said:
    The value of a MS64 1881-S is listed at $125. How much will this sale of this date affect PCGS coin values? Personally, I don't think it should be used to adjust prices at all. They need to come up with an added entry/another catagory in their price guide, basically for toned coins or the rattlers. And......not trying to change the subject but might make for a new discussion....if we were ever to get an answer.

    Leo

    I don't think it will impact the value at all. The 1881-S is a date that trades often and the majority of those sales are close to guide. A few outliers can easily be absorbed without skewing the guide (and it's possible these results are not counted at all when determining that guide value).

  • RobertScotLover
    RobertScotLover Posts: 1,069 ✭✭✭✭✭
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    I like everything about it other than the ridiculously inflated price. The buyer will be married to that Lady for a long long time

  • david3142
    david3142 Posts: 3,693 ✭✭✭✭✭
    edited April 16, 2024 4:36AM
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    Before I opened the thread I figured we’d see:

    1) two people really wanted it
    2) a fool and his money…
    3) the buyer is buried
    4) congrats to the underbidder
    5) supply and demand

    A few hits so far!

    I was watching that coin. I thought it had deep rich color and excellent luster. However, when studying the images, I thought the cheek might be too dark or grey so I didn’t chase it. I was interested in seeing what it sold for, though so I left the page open. I hadn’t checked yet, but wow! I would have guessed around $2500 but my range would have been very wide. This does feel like a coin that could absolutely glow in hand or it could be mottled and perhaps disappointing.

    I would love to hear from someone who has held it or hopefully I’ll see someone I know on IG post a video.

  • mikee999
    mikee999 Posts: 619 ✭✭✭✭✭
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    @RobertScotLover said:
    I like everything about it other than the ridiculously inflated price. The buyer will be married to that Lady for a long long time

    How bout a LIFETIME plus…

    :wink:

  • DisneyFan
    DisneyFan Posts: 2,965 ✭✭✭✭✭
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    Well, it had a CAC.

  • U1chicago
    U1chicago Posts: 6,995 ✭✭✭✭✭
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    @PerryHall said:
    In the early years of PCGS, were the graders at PCGS as sophisticated at determining if a coin was ATed or not as they are now? If that coin was submitted raw today to PCGS, it wouldn't surprise me if that coin got a "questionable toning" body bag.

    It’s not AT; the colors are 100% market acceptable.

  • U1chicago
    U1chicago Posts: 6,995 ✭✭✭✭✭
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    @david3142 said:
    Before I opened the thread I figured we’d see:

    1) two people really wanted it
    2) a fool and his money…
    3) the buyer is buried
    4) congrats to the underbidder
    5) supply and demand

    A few hits so far!

    I was watching that coin. I thought it had deep rich color and excellent luster. However, when studying the images, I thought the cheek might be too dark or grey so I didn’t chase it. I was interested in seeing what it sold for, though so I left the page open. I hadn’t checked yet, but wow! I would have guessed around $2500 but my range would have been very wide. This does feel like a coin that could absolutely glow in hand or it could be mottled and perhaps disappointing.

    I would love to hear from someone who has held it or hopefully I’ll see someone I know on IG post a video.

    I figured it would be quite lively in hand but I also thought the breaks/“fingerprints” were enough of a hinderance to prevent such a high result. I can see the buyer liking the coin but realizing they paid too much.

  • 291fifth
    291fifth Posts: 25,218 ✭✭✭✭✭
    edited April 17, 2024 2:21PM
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    An ultra-common date Morgan with an ultra-high realization.

    All glory is fleeting.
  • jmlanzaf
    jmlanzaf Posts: 43,060 ✭✭✭✭✭
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    @U1chicago said:

    @PerryHall said:
    In the early years of PCGS, were the graders at PCGS as sophisticated at determining if a coin was ATed or not as they are now? If that coin was submitted raw today to PCGS, it wouldn't surprise me if that coin got a "questionable toning" body bag.

    It’s not AT; the colors are 100% market acceptable.

    It also CACed, so it's been viewed much more recently than the rattler days.

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • mikee999
    mikee999 Posts: 619 ✭✭✭✭✭
    edited April 16, 2024 5:36AM
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    @U1chicago said:
    Was anyone else following this auction at GC this past Sunday?
    I figured that the combo of rattler, CAC, and nice color would bring a significant premium but I was still surprised to see a final price of $7,312.50 (which includes the fee). I was expecting something closer to $3k. Did anyone see this coin in hand or expect such a result?



    @U1chicago said:
    Was anyone else following this auction at GC this past Sunday?
    I figured that the combo of rattler, CAC, and nice color would bring a significant premium but I was still surprised to see a final price of $7,312.50 (which includes the fee). I was expecting something closer to $3k. Did anyone see this coin in hand or expect such a result?

    I would’ve bid $15K from my tax refund had I knew about this coin.

    :wink:

    +1

  • david3142
    david3142 Posts: 3,693 ✭✭✭✭✭
    edited April 16, 2024 5:39AM
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    @jmlanzaf said:

    @U1chicago said:

    @PerryHall said:
    In the early years of PCGS, were the graders at PCGS as sophisticated at determining if a coin was ATed or not as they are now? If that coin was submitted raw today to PCGS, it wouldn't surprise me if that coin got a "questionable toning" body bag.

    It’s not AT; the colors are 100% market acceptable.

    It also CACed, so it's been viewed much more recently than the rattler days.

    Not to mention that AT methods have gotten much more sophisticated and doctored coins have proliferated in the past 30 years. I’d feel very confident with a rattler being legit. I think that’s part of why toned rattlers bring an extra premium.

  • TrickleCharge
    TrickleCharge Posts: 507 ✭✭✭✭
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    Maybe the buyer will get cold feet and exercise their return privilege.

    I wonder if GC maintains auction results where the item is returned or if such results are purged from the system since there was no actual sale?

  • MidLifeCrisis
    MidLifeCrisis Posts: 10,617 ✭✭✭✭✭
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    At first glance, I didn't notice the fingerprint. However, once I saw it, I couldn't get past it. Otherwise, it's a pretty coin. I would not have bid or even been interested, but I don't collect Morgan Dollars. I can see how others would be attracted to the coin.

  • MidLifeCrisis
    MidLifeCrisis Posts: 10,617 ✭✭✭✭✭
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    Actually, it looks like the coin has several fingerprints. That does not bother some people, but it would bother me a lot.

  • PerryHall
    PerryHall Posts: 47,760 ✭✭✭✭✭
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    @U1chicago said:

    @PerryHall said:
    In the early years of PCGS, were the graders at PCGS as sophisticated at determining if a coin was ATed or not as they are now? If that coin was submitted raw today to PCGS, it wouldn't surprise me if that coin got a "questionable toning" body bag.

    It’s not AT; the colors are 100% market acceptable.

    How many AT coins are in major grading company slabs and are considered to be market acceptable? I imagine that it's more than just a few.

    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

  • U1chicago
    U1chicago Posts: 6,995 ✭✭✭✭✭
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    @PerryHall said:

    @U1chicago said:

    @PerryHall said:
    In the early years of PCGS, were the graders at PCGS as sophisticated at determining if a coin was ATed or not as they are now? If that coin was submitted raw today to PCGS, it wouldn't surprise me if that coin got a "questionable toning" body bag.

    It’s not AT; the colors are 100% market acceptable.

    How many AT coins are in major grading company slabs and are considered to be market acceptable? I imagine that it's more than just a few.

    There are some (more in certain series than others) but this one is NT all the way. I said Market Acceptable since there is no conclusive way to prove NT but the vast majority of people who know toners would agree there is nothing close to AT on this coin.

  • skier07
    skier07 Posts: 4,836 ✭✭✭✭✭
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    It’s not my cup of tea. The toning is not spectacular IMO and if it weren’t for the sticker and OGH the results would probably be very different.

  • World67
    World67 Posts: 13,098 ✭✭✭✭✭
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    I don't get it.

  • PerryHall
    PerryHall Posts: 47,760 ✭✭✭✭✭
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    @U1chicago said:

    @PerryHall said:

    @U1chicago said:

    @PerryHall said:
    In the early years of PCGS, were the graders at PCGS as sophisticated at determining if a coin was ATed or not as they are now? If that coin was submitted raw today to PCGS, it wouldn't surprise me if that coin got a "questionable toning" body bag.

    It’s not AT; the colors are 100% market acceptable.

    How many AT coins are in major grading company slabs and are considered to be market acceptable? I imagine that it's more than just a few.

    There are some (more in certain series than others) but this one is NT all the way. I said Market Acceptable since there is no conclusive way to prove NT but the vast majority of people who know toners would agree there is nothing close to AT on this coin.

    You're probably right. Most AT coins aren't covered in finger prints. ;)

    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

  • NeophyteNumismatist
    NeophyteNumismatist Posts: 1,117 ✭✭✭✭✭
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    wow- apparently two guys really liked that one. :o

    I am a newer collector (started April 2020), and I primarily focus on U.S. Half Cents and Type Coins. Early copper is my favorite.

  • RobertScotLover
    RobertScotLover Posts: 1,069 ✭✭✭✭✭
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    I am going to revise my opinion.
    The fingerprints bother me. The 1881-S is the commonest of dates. The colors are nice but not $7k nice, and its no moose or monster toning either. I think the bidders f'ed up and got carried away. This purchase will only get worse, a divorce is imminent

  • Kove
    Kove Posts: 2,062 ✭✭✭✭
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    On Morgans, all color is not created equal. That emerald green is the money color.

  • LeeBone
    LeeBone Posts: 4,892 ✭✭✭✭✭
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    Crazy, that's all I can say.
    Nice coin, but...

  • No Headlights
    No Headlights Posts: 2,176 ✭✭✭✭✭
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    PCGS population in 64 is 115,684. 296,578 total for 1881-S. There is no more common Morgan, particularly in graded MS.

  • GRANDAM
    GRANDAM Posts: 8,785 ✭✭✭✭✭
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    I would have paid $175 for it. :o

    GrandAm :)
  • Goldbully
    Goldbully Posts: 18,559 ✭✭✭✭✭
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    Buyer will have to hold on to his winning coin for a decade before he sees a ROI.

  • Walkerfan
    Walkerfan Posts: 10,392 ✭✭✭✭✭
    edited April 16, 2024 4:02PM
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    @Goldbully said:
    Buyer will have to hold on to his winning coin for a decade before he sees a ROI.

    Only a decade? ;):D

    @GRANDAM said:
    I would have paid $175 for it. :o

    $350 tops for me. :|

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • anablep
    anablep Posts: 5,208 ✭✭✭✭✭
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    There are so many things I can do with $7300+ and putting it into this coin is not one of them.

    I would have instant buyer's remorse at this price point. My wife would, too.

    Always looking for attractive rim toned Morgan and Peace dollars in PCGS or (older) ANA/ANACS holders!

    "Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."


    ~Wayne
  • braddick
    braddick Posts: 25,190 ✭✭✭✭✭
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    Bill Gates makes enough money that to him $50,000. is about equal to a quarter to you and me (give or take).
    If you dropped a quarter you very well may not bend over and pick it up.
    Same if Bill Gates were to drop $50,000.00
    So, if 50K equals a quarter, $7K is chump change to some.

  • Smudge
    Smudge Posts: 10,001 ✭✭✭✭✭
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    I guess the seller is peeing down both legs.

  • PerryHall
    PerryHall Posts: 47,760 ✭✭✭✭✭
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    @Smudge said:
    I guess the seller is peeing down both legs.

    And laughing all the way to the bank. :D

    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

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