WOOW !!! The King Morgan Vam Is On Ebay

BIGDAVE · March 29, 2007 6:20AM

I Have not seen one of these for some Time...

The King Vam

eyoung429 · March 29, 2007 6:22AM

I had heard rumors......but didn't think it was going to be this quick!~!!!

Peaceman · March 29, 2007 6:24AM

Almost 10g for an 11 pop vam.... wow.... Someday I'll be a millionaire with my Peace $ vams.....

NH484000 · March 29, 2007 6:26AM

And, FWIW, I have had nothing but positive experiences buying from this seller.

(Although this one is a bit out of my price range.

)

BIGDAVE · March 29, 2007 6:27AM

Peaceman
If Peace Vams ever Take off you Can retire

BIGDAVE · March 29, 2007 6:30AM

I have Had a Few Dealings with him

I Rank him right up there with Steve From PQ Dollars and a Few other Great members of this Board

TorinoCobra71 · March 29, 2007 6:30AM

All of you VAM people........I have trouble enough just trying to put together a date and MM set!!

TorinoCobra71

Lakesammman · March 29, 2007 6:30AM

Is this a naked eye variety?? What am I looking at??

eyoung429 · March 29, 2007 6:36AM

You would have to have excellent eyesight to see the tripling.....I was able to see one in person at the SJ show a couple yrs back and they look odd to the naked eye...almost exaggerated.

Here is the shot of the tripling on the obv from VAMWORLD

The rev is where you can cp this one if you are good....

Last sale of this coin was:

1878-P VAM-44 NGC MS60PL $6995 eBay 12/2006

Peaceman · March 29, 2007 6:41AM

I'm going to have to start looking at 78' Morgans.....

relicsncoins · March 29, 2007 6:43AM

That coin looks pretty frosty to be AU. I have hard time seeing any wear on it.
JJ

Wolf359 · March 29, 2007 6:45AM

Last sale of this coin was:

1878-P VAM-44 NGC MS60PL $6995 eBay 12/2006

This appears to be the same coin, from the auction description:

Note: A little history on this particular coin. This coin was in a PCGS AU-58 holder by a previous owner. Because the coin does have definate PL qualities the owner sent it to NGC, where it was graded and encapsulated as a MS-60PL. I agreed to purchase the coin while it was in the NGC MS-60PL holder. Since I only maintain a PCGS registry, the person I bought it from had it sent into PCGS for me. It has come full circle, and is now back in a PCGS AU-58 holder.

eyoung429 · March 29, 2007 6:46AM

It is

Wolf359 · March 29, 2007 6:47AM

BTW, the coin from VAMWorld was a VAM-44A that I cherrypicked a while back. Quite a looker, even after someone cleaned it. ANACS graded her AU55 details, and the current owner has her for sale on eBay now or at least recently.

Lakesammman · March 29, 2007 6:55AM

Thanks - appreciate the closeups.

sonoranmonsoon · March 29, 2007 9:20AM

<< Last sale of this coin was:

1878-P VAM-44 NGC MS60PL $6995 eBay 12/2006

This appears to be the same coin, from the auction description:

Note: A little history on this particular coin. This coin was in a PCGS AU-58 holder by a previous owner. Because the coin does have definate PL qualities the owner sent it to NGC, where it was graded and encapsulated as a MS-60PL. I agreed to purchase the coin while it was in the NGC MS-60PL holder. Since I only maintain a PCGS registry, the person I bought it from had it sent into PCGS for me. It has come full circle, and is now back in a PCGS AU-58 holder. >>

Wolf, you win the prize. You are absolutely correct in this statement. It took two tries to get it back in a PCGS holder. I am slowly liguidating my VAMs over the next 5 years. I am going to concentrate on the complete dollar set instead. From my cost basis I have not marked this coin up much, but I will make a little on it. After EBAY fees, the cost of a middle man, and the cost of getting the coin back in a PCGS holder the price went up. I do not really care. My plan covers 5 years, if some one wants this coin at my price, fine, if not I will enjoy it in my collection until the day it sells.

BIGDAVE · March 29, 2007 9:59AM

I just looked in Vamview #7 a 1878 vam 44 pcgs au 58 sold for $8100 Jan 7 2007.

sonoranmonsoon · March 29, 2007 10:58AM

<< That coin looks pretty frosty to be AU. I have hard time seeing any wear on it.
JJ >>

It is a tough call. I can see why ngc had no problem with it at ms-60PL. Unfortunately on the other hand if you grade tightly, as PCGS does, one can argue with the AU status. Quite frankly, in my opinion the PL is without doubt, But PCGS dissagrees. They have more experience than I. It does not really matter in the end, it is a difficult coin to find, even in au grade.

GoldenEyeNumismatics · March 29, 2007 11:16AM

I bet someone will bite

Everyone seems to want coins for their registry!

DennisH · March 29, 2007 11:41AM

This is the VAM among VAMs.
It is being sold by one of the truly good guys out there.
It is a high grade example with the added lure of PL surfaces.
It is in the right holder.
PCGS-graded Mint State examples rarely come up for sale.

I expect this one will sell... perhaps to someone who has already received their tax refund.

theump · March 29, 2007 11:04PM

So, let's see. I can buy this coin for $9,500 for a barely there dd or triple die. Or I can buy a lower MS '55 DD. Which one would I should buy.

eyoung429 · March 29, 2007 11:08PM

hmmmmm.....let's see, how many 55 DDO's are there? Heck, just in this forum alone there are more than Quadruple the number vs. the VAM 44's

theump · March 29, 2007 11:11PM

<< hmmmmm.....let's see, how many 55 DDO's are there? Heck, just in this forum alone there are more than Quadruple the number vs. the VAM 44's >>

Agreed. But what is the more sellable coin. How many people know about the '55 dd. How many people know what a VAM is? How many people know what a VAM 44 is without looking it up. How many people can actually spot the VAM with straining their eyes.

I have VAM's in my collection, I just try and collect the ones where you don't have to kill yourself in order to find it.

coindeuce · March 30, 2007 10:43AM

<< I just looked in Vamview #7 a 1878 vam 44 pcgs au 58 sold for $8100 Jan 7 2007. >>

Geez...I offered a PCI-61PL at Baltimore for a helluva a lot less than that and got no takers. Too bad everyone wants to buy a holder and not a coin.

DennisH · March 30, 2007 10:48AM

Easy answer then: Get PCGS to agree with the grade. Bump the price as well.

coindeuce · March 30, 2007 11:08AM

Well if you need PCGS to convince you that the grade is correct, then I guess you need to find another hobby. Whatever happened to learning how to grade for yourself? Ask yourself this: What would I have done in such a situation before 1986? Flipped a coin and called it heads or tails?

DennisH · March 30, 2007 11:45AM

What about the concept of giving the market what it wants -- or acknowledging what it doesn't want?

As to what I would have done in 1986: I wasn't in the hobby at all, and a big reason is because there was no safety net provided against the people who were better at doctoring coins than the majority of buyers (me included) were at recognizing their workmanship. TPGs don't eliminate all of that risk, but we're better off now than we were before and I for one would never want to go back.

Dan, we can continue in this circular debate forever and never get anywhere or achieve anything. As an experienced and knowledgeable seller, you know the market for an expensive PCI coin is and always will be smaller than the market for an expensive PCGS or NGC coin. Yes, all it takes is one buyer to make the coin go away. But finding that buyer while the coin is in a PCI holder will be harder and take longer, won't it?

Just don't blame collectors -- me included -- if we prefer to spend our money on what we want, rather than what someone has to sell.

coindeuce · March 30, 2007 12:02PM

Interesting opinion. I guess no one bought any of the coins offered in Eliasberg, Stack, Knoxville, Pittman etc., etc. as none of them were in holders that are "what collectors want".

DennisH · March 30, 2007 12:30PM

I may be wrong here, but weren't most of those coins bought by highly experienced and knowledgeable dealers and/or highly experienced and knowledgeable collectors (or people who represented them)?

Of course they sold, and they sold raw. They just didn't sell to every-other-week paycheck collectors, beginners, eBay surfers, folks who haven't attended summer ANA Grading Classes, or to weekend coin show visitors.

Wolf359 · April 2, 2007 5:54AM

Sold? Please confirm.

BobaFett72 · April 2, 2007 6:16AM

the listing has ended, but not with a sale?

sold off ebay?

sonoranmonsoon · April 2, 2007 9:22AM

<< Sold? Please confirm. >>

Yes the coin is sold. It is now tucked away in a collection. It will not resurface for about 15 years when his son is ready for graduation.

sonoranmonsoon · April 2, 2007 9:34AM

<< Well if you need PCGS to convince you that the grade is correct, then I guess you need to find another hobby. Whatever happened to learning how to grade for yourself? Ask yourself this: What would I have done in such a situation before 1986? Flipped a coin and called it heads or tails? >>

I agree!!! Not that it really matters, but I think PCGS got this one wrong. Even NGC was tough on it at MS-60PL. I do not make a habit of naming people on this forum, but a previous owner of the coin. A person you all recognize and respect, though it should have gone MS-61PL.

Remember the old saying I hear preached all the time on this board. Buy the coin, not the plastic.

WOOW !!! The King Morgan Vam Is On Ebay

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