Most Expensive 1881-S PCGS MS63 CAC Morgan
alefzero
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Now that the auction is over, here it is. 17th coin certified by our host, PCGS, and likely earliest PCGS certification still in its original holder.
Some buy the holder, not so much the coin. Not my cup if tea, but interesting.
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Pride of ownership...cool. Take care...CC
Buy the holder, not the coin.
Watch @EliteCollection come post his NEWP!
God comes first in everything I do. I’m dedicated to serving Him with my whole life. Coin collecting is just a hobby—but even in that, I seek to honor Him. ✝️
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I'd like to see just a tad more luster before committing $119,000.00 on that Morgan. . .
peacockcoins
Expensive piece of history. I would like the price if it was the first coin graded by PCGS
Congratulations to Ian and Great Collections.
I hope some coins in the #1 to #16 range eventually come to GC so the high bidder can add more to their collection of slabs. And remember this, there were under bidders who also want some numismatic history, and this sale may bring out other great bargains.
Love the play supporting the history. Congrats
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
100+ K for a $40 coin, No thanks. Any plastic is not that valuable to me.
Did PCGS buy it?
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
Does anyone know the provenance of this coin? Seems like a huge payout for an 81-S Morgan. Was there some sort of price growth to support it? Hard to believe this would be it's first time up for sale. I would really be curious what the cost progression looked like. james
Help me understand. An 1881-S PCGS/CAC MS-68+ is listed on this site for $15,000. Did the buyer of the MS-63 Morgan pay $105,000 because the coin was the 17th graded by PCGS or because of the holder?
Congrats to the consignor as well as the underbidder!
Tell that to his heirs.
How many coins are there in that particular type of holder?
I can appreciate older holders and pay a small premium for a cool addition every now and then.
I understand the strong money that this coin may demand but not to this point.
When I first checked where the bids were at one point in the auction, it was around 21,000 or so.
I was actually surprised it was that high at the time.
After seeing the final result, I was blown away! 🤯
Just goes to show what I know 🤷♂️🤪
Congratulations to the winner!
Not liking the green bean on this one though.
@Lakesammman tell us the truth buddy!!
We discovered it in a collection of rattlers that was consigned a couple of months ago. Consignor was not aware of what he had until I called him to say "Congratulations in advance".
Owner/Founder GreatCollections
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That's one expensive piece of exonumia.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
I want to know what @BillJones thinks of this!
"Got a flaming heart, can't get my fill"
I sold this somewhat later not "white" label last week for $115:
Hopefully they know what they have before they go to the local coin shop to get rid of it. That would be a $100,000+ loss.
I think that it is total nonsense. The 1881-S dollar is perhaps the most common Morgan Dollar in Mint State. The coin is properly graded in the rattler, no more. Isn't CAC still in the sticker business? What's to stop them from stikering another 1881-S in a rattle holder/
It's not just a rattler, lots Morgans in rattlers sell for very modest premiums. But this is a white label rattler, and possibly the oldest surviving rattler. I think that is insane for that coin/holder, but it is not just another 81-S in a rattler.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Good luck finding a dealer that would pay huge money for an extremely common $100 coin.
A rattler is a rattler. Is it really a white label or is it faded green? I've seen some off-green ones that were almost white.
At any rate, like one of father's friends said about eating rattle snake meat 60 years ago, they needn't fix any for me, especially at that price.
If the serial number indicates that it actually is the 17th coin ever graded by PCGS then why wouldn't it be a white label? Would or could PCGS confirm that?
The serial number that starts in 108 identifies this as a true white label not a faded green one. And as I said I think the result is insane, but there were multiple bidders, so the demand was there even if not from you. BTW, rattlesnake is quite tasty if prepared well.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
If it walks, crawls, swims, flies, or slithers, eat it. It's all fair game.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Idiocracy
God comes first in everything I do. I’m dedicated to serving Him with my whole life. Coin collecting is just a hobby—but even in that, I seek to honor Him. ✝️
What gets me is the particular coin slabbed. I remember back when this all started and how the emphasis was on authentication and all. 1881-S is not only one of the most common BU Morgans but is generally common in grades higher than gem MS65. Were the first few dozen slabbed almost service trials? I know there are a ton of Morgans more worthy of that initial foray into third party grading that are far more desirable and valuable than a Choice BU 1881-S. and 1884-S slider would have been fun, but arguably contentious regardless of which side of the UNC divide it would slide.
When you look at the numbers of commons available in early holders you have to wonder what were they thinking. Thing is that they are probably doing that very same thing to this very day. Sending in bucketful after bucketful of commons.
Remember that this coin was graded on the first day of grading. PCGS was new and not well known like today. I'm guessing they didn't have any customer submissions on day 1, so they just grabbed whatever coins they had on hand and graded them. They were probably just testing out their process with these initial coins. The coins themselves didn't matter much at all.
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Unfortunately, HRH (homerunhall) isn't on here anymore. He'd know the details pretty well.
Gen 1 holder graded Feb 1986. Thankfully it survived these past 39 years but that is some premium.
Is PCGS aware if others with lower certification numbers that have been cracked out and the labels turned in?
It's not the CAC. The price (whether silly or not) is die to its being the 17th coin ever graded and the earliest known to still exist.
I imagine that unless they pride themselves on journalistic laziness, PCGS writers will attempt to contact him (or others there at the time) for insight when they write an article for their magazine.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Another 1881 S in a 108 series rattler that was also green cac sold for $1200 the same day. It was serial number 8229, not 17 though