Most Expensive 1881-S PCGS MS63 CAC Morgan
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.
Comments
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Pride of ownership...cool. Take care...CC
Nickel Triumph...My Led Zepps0 -
Buy the holder, not the coin.
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Watch @EliteCollection come post his NEWP!
Proud follower of Christ! I love the USA! Land of the Bright and Beautiful! 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
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I'd like to see just a tad more luster before committing $119,000.00 on that Morgan. . .
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Expensive piece of history. I would like the price if it was the first coin graded by PCGS
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Love the play supporting the history. Congrats
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“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 #2420 -
100+ K for a $40 coin, No thanks. Any plastic is not that valuable to me.
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Did PCGS buy it?
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don0 -
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
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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?
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Congrats to the consignor as well as the underbidder!
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@cinque1543 said:
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?How many coins are there in that particular type of holder?
theknowitalltroll;0 -
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 🤷♂️🤪3 -
Congratulations to the winner!
Not liking the green bean on this one though.0 -
@Lakesammman tell us the truth buddy!!
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@seatedlib3991 said:
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. jamesWe 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".
- Ian
Ian Russell
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values13 -
That's one expensive piece of exonumia.
John
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution2 -
I want to know what @BillJones thinks of this!
Seated Half Society member #38
"She comes out of the sun in a silk dress,
running like a water color in the rain...."0 -
I sold this somewhat later not "white" label last week for $115:
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@BAJJERFAN said:
Tell that to his heirs.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.
Successful Transactions With: JWP, DBSTrader2, greencopper, bretsan, ajaan, Ted1, Desert Coin, olah_in_MA
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@Catbert said:
I want to know what @BillJones thinks of this!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/
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?6 -
@BillJones said:
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.
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@Coins3675 said:
@BAJJERFAN said:
Tell that to his heirs.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.
Good luck finding a dealer that would pay huge money for an extremely common $100 coin.
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@coinbuf said:
@BillJones said:
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.
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.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?1 -
@BillJones said:
@coinbuf said:
@BillJones said:
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.
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?
theknowitalltroll;0 -
@BillJones said:
@coinbuf said:
@BillJones said:
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.
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.
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.
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@coinbuf said:
@BillJones said:
@coinbuf said:
@BillJones said:
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.
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.
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.
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
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Idiocracy
Proud follower of Christ! I love the USA! Land of the Bright and Beautiful! 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
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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.
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@alefzero said:
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.
theknowitalltroll;0 -
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.
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Gen 1 holder graded Feb 1986. Thankfully it survived these past 39 years but that is some premium.
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Is PCGS aware if others with lower certification numbers have been cracked out and the labels turned in?
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@BillJones said:
@Catbert said:
I want to know what @BillJones thinks of this!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 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.
All comments reflect the opinion of the author, even when irrefutably accurate.
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@alefzero said:
Unfortunately, HRH (homerunhall) isn't on here anymore. He'd know the details pretty well.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.
John
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution0 -
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
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The hammer price on any coin is 100% subjective to the BIDDERS. I can completely understand those that think it's a crazy amount to pay for that coin. That said , any amount over the actual metal value of a coin is subjective. Look at the monies paid for pieces of cardboard with pictures on them.
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Not a white label but HERE is a 108 series toned Merc that I bought and owned for a little while before dumping it for close to the same amount since the toning was not good enough for me.
I can understand premiums for toning or old holders or gold cac stickers etc but a SIX-FIGURE old holder premium is not for me. I'm poor. Big congrats to the consignor!
"If it's not fun, it's not worth it." - KeyMan64
Not really looking for much these days but if I were, it might be a toner.0 -
I’d gladly pay a premium for a 1909 pr65rb IHC or Pr65rb vdb Lincoln cent in a rattler holder. Not 6 figures but certainly more than just the coin price.
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@EliteCollection said:
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.I never thought of it that way before, but you are right.
Successful Transactions With: JWP, DBSTrader2, greencopper, bretsan, ajaan, Ted1, Desert Coin, olah_in_MA
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@Barberian said:
Is PCGS aware if others with lower certification numbers that have been cracked out and the labels turned in?Yes, they were all turned in by BillJones.
"To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin
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There's a large group of holder collectors who know what's rare and hold their cards close to their chests.
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Crack it out and resubmit it and try for a 64.
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@Barberian said:
Is PCGS aware if others with lower certification numbers have been cracked out and the labels turned in?Fairly easy to do a Cert Verification on earlier 10800xx 's ...
1080001 not found
1080002 1860 10c
1080003 not found
1080004 1860 50c
1080005 not found
1080006 not found
1080007 1925 $2.50
1080008 1904 $20
1080009 1914 $20
1080010 1928 $20
1080011 not found
1080012 1879 $1
1080013 1880 $1`
1080014 1881 $1
1080015 not found
1080016 not found6 -
Guessing there's an 1860 proof half dime out there that used to be in that first holder (and a quarter and dollar for 3 and 5).
John
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution2 -
@WorldTypeSet said:
@Barberian said:
Is PCGS aware if others with lower certification numbers have been cracked out and the labels turned in?Fairly easy to do a Cert Verification on earlier 10800xx 's ...
1080001 not found
1080002 1860 10c
1080003 not found
1080004 1860 50c
1080005 not found
1080006 not found
1080007 1925 $2.50
1080008 1904 $20
1080009 1914 $20
1080010 1928 $20
1080011 not found
1080012 1879 $1
1080013 1880 $1`
1080014 1881 $1
1080015 not found
1080016 not foundDid they have Polaroid trueviews?
1
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