Wow Common PCGS 64 Morgans listed at $100....UPDATED.....$130!...no wait...now $145!...and back to $

Constantine · March 18, 2011 7:26AM

listed now on the online PCGS Price Guide. I know it is a guide, but I do like to use it to value coins in my collection. I am just amazed to see them listed at $100!

morgansforever · March 18, 2011 7:34AM

Just a guide, the norm is 20-25% of the listed guide price.
I don't think anyone would give me $100 for this.

rhedden · March 18, 2011 7:34AM

Sell! Sell! Sell!

Constantine · March 18, 2011 7:39AM

You sure about that? Check eBay, 64 rattlers are all over at $100 a pop sold..........

LindeDad · March 18, 2011 8:06AM

<< Just a guide, the norm is 20-25% of the listed guide price.
I don't think anyone would give me $100 for this.

>>

Don't you mean 20% back of guide rather than 20% of guide.

DRUNNER · March 18, 2011 8:23AM

I will watch this thread for some minor clarifications. I too look at the PCGS Guide and I think they are a bit closer to 20% 'back' as opposed to 20% of total value, but I think that was what was meant up top.

FWIW, I sold 3 common Morgan PCGS 65s at the Vegas show for $115 each. Just solid coins. Then I turned around and tried to buy some OGH similar 64s just for fun and was told they would be $100 ea. I balked a bit and the dealer just said he can sell them all day long at $129 on eBay. Frankly, I haven't quite seen that, but maybe he was right?

Drunner

BAJJERFAN · March 18, 2011 8:26AM

Just bought a nice rim toned PCGS 1885 for $75.

LindeDad · March 18, 2011 9:03AM

OK Jim has this MS64 1889 in a old seven diget holder that he calls a MS63 in the description that ends in a little while 1889 Morgan lets see where it ends.
It's at $71.05 with a little over a hour to go now.
Edit to add....BTW if I read it right it has the second highest mintage of the series with only the 1921 higher.

Constantine · March 18, 2011 9:11AM

<< OK Jim has this MS64 1889 in a old seven diget holder that he calls a MS63 in the description that ends in a little while 1889 Morgan lets see where it ends.
It's at $71.05 with a little over a hour to go now.
Edit to add....BTW if I read it right it has the second highest mintage of the series with only the 1921 higher.

>>

The sellers description says this:

"Coin is overgraded , should be a 63 at best"

I don't think this should be the best coin to use as an eBay test of value for a 64

LindeDad · March 18, 2011 9:22AM

I think you will see two theings that the guide is truer than many think and buyers don't really care what is said in some cases.
BTW a MS63 in the guide is listed at $48.00 so his decription is already being ignored.

morgansforever · March 18, 2011 9:46AM

<<Don't you mean 20% back of guide rather than 20% of guide>>

Brain fart, yes back of guide or minus 20% of the guide price.

LindeDad · March 18, 2011 10:52AM

<< OK Jim has this MS64 1889 in a old seven diget holder that he calls a MS63 in the description that ends in a little while 1889 Morgan lets see where it ends.
It's at $71.05 with a little over a hour to go now.
Edit to add....BTW if I read it right it has the second highest mintage of the series with only the 1921 higher.

>>

OK maybe I got a cheap one for my date set at $78.33 but I could not resist putting in a snipe with that description. And the 20 something % back of PCGS held in this case.

morgansforever · March 18, 2011 10:57AM

Good for you LindeDad, seems you got a fair deal.

WTCG · March 18, 2011 11:35AM

MS64's have been going up fast recently and are probably worth more than they should be but they aren't worth $100 yet.

So far at the ANA show I've sold about 400 MS64's so I'm well aware of what they're currently worth.

Constantine · March 19, 2011 3:15AM

<< MS64's have been going up fast recently and are probably worth more than they should be but they aren't worth $100 yet.

So far at the ANA show I've sold about 400 MS64's so I'm well aware of what they're currently worth. >>

Are you willing to share your experience in a rough dollar amount then? Seems on eBay the are around $80.

roadrunner · March 19, 2011 7:12AM

I usually figure wholesale levels of common or generic coins to be about 60-70% of PCGS price guide. 65% seems to work pretty well. Selling on eBay is a totally different world.
I'm more concerned with what they buy and sell for at local, regional, and major shows.

Most retail price guides are jacked up about 50% or so on more common material. I think it's to help ensure the dealers get their spread more easily. When it comes to
scarce material liked dated bust, barber, and seated, this thumbrule often falls apart. In some cases PCGS price guide could be a wholesale value. Depends on the coin
and grade. The more often a coin has traded, the better chance the listed price is fairly accurate.

roadrunner

golfer72 · March 19, 2011 9:46AM

<< MS64's have been going up fast recently and are probably worth more than they should be but they aren't worth $100 yet.

So far at the ANA show I've sold about 400 MS64's so I'm well aware of what they're currently worth. >>

And that would be?

jdimmick · March 19, 2011 9:52AM

I read this thread , and didnt realize that you were referring to a coin i had listed to use as a guide. Yes, that probably wasnt the best one to use as a guide, but I can tell you from selling over the past two weeks, the market price on generic morgans is rising fast, prices realized are up considerably from 2 months ago. What is more astonishing than that is prices realized for RAW XF and even more so, AU Morgans. I have been getting near 40 a piece on AU Morgans and in the mid 30's for XF' (Pre 21) All the morgans that come in XF and better go straight to E-bay, and the lower goes to another dealer who is paying me 27-29 a piece for Vg btr.

scottgardener · March 19, 2011 9:58AM

Sounds like hype about the silver market is driving up prices on the amateur markets. The professionals are still keeping prices realistic, with the exception perhaps of old rattler holders that could potentially upgrade--or nostalgia interest in the holders themselves. (Where's our resident Doily specialist?)

WTCG · March 19, 2011 1:23PM

<< 

<< MS64's have been going up fast recently and are probably worth more than they should be but they aren't worth $100 yet.

So far at the ANA show I've sold about 400 MS64's so I'm well aware of what they're currently worth. >>

Are you willing to share your experience in a rough dollar amount then? Seems on eBay the are around $80. >>

The current high bid on CCE is $81 for untoned coins. However there is at least one company that has a slightly higher buy price.

That $81 bid is for white, unspotted and untoned PCGS and NGC examples. Holder generation type has no real effect on value.

Frankcoins · March 19, 2011 3:05PM

<< listed now on the online PCGS Price Guide. I know it is a guide, but I do like to use it to value coins in my collection. I am just amazed to see them listed at $100! >>

These is a correct RETAIL price for a B&M store. Auctions and shows are wholesale venues.

Frankcoins · March 19, 2011 3:05PM

<< 

<< listed now on the online PCGS Price Guide. I know it is a guide, but I do like to use it to value coins in my collection. I am just amazed to see them listed at $100! >>

This is a correct RETAIL price for a B&M store. Auctions and shows are wholesale venues. >>

RRich2004 · March 19, 2011 11:17PM

<< Just a guide, the norm is 20-25% of the listed guide price.
I don't think anyone would give me $100 for this.

>>

Not when I can pick the same mint, year, grade, slab for around $55.

Smittys · March 20, 2011 12:34AM

Apmex is paying 75.00 for pcgs or ngc 64's
So if you can pick them up for 55.00 go for it !!!!

Edit to add they're paying 56.00 for 63's

Constantine · April 27, 2011 2:00AM

Wow we quickly blew past $100 and now common PCGS 64 Morgans are listed at $130 on the price guide!

ElKevvo · April 27, 2011 2:32AM

Hmmmm....me thinks it might be time to start winnowing down my 1879-S grading set which has multiple examples of 63's, 64's and 65's.

K

WTCG · April 27, 2011 2:49AM

64 bids have increased a lot lately (except for yesterday when they pulled back a few dollars) but they're not worth anywhere near $130 yet.

slipgate · April 27, 2011 2:55AM

I'll tell you what pisses me off to no end. When I called to buy $10k worth of Gold back when it was $300/oz, the asshat convinced me to get Morgan dollars instead of gold. So I said ok but I was going to get a pile of MS64 Morgan dollars at around $50 each. He again convinced me to buy waste-of-time MS65 Morgan dollars which have mostly gone down in value instead of the MS64's.

I should always follow my own intuition DAMMIT!

Constantine · April 27, 2011 12:37PM

<< I'll tell you what pisses me off to no end. When I called to buy $10k worth of Gold back when it was $300/oz, the asshat convinced me to get Morgan dollars instead of gold. So I said ok but I was going to get a pile of MS64 Morgan dollars at around $50 each. He again convinced me to buy waste-of-time MS65 Morgan dollars which have mostly gone down in value instead of the MS64's.

I should always follow my own intuition DAMMIT! >>

That is a bummer for sure. Thing to always consider too, is when would you have sold that gold? Do not look at today's prices. Heck, if you bought at $300 and doubled your money at $600 you wouldn't have bailed? Then been upset that you bailed at $600! It is human nature. Even if you could say no way man, I would have held on to it until now, you still never know if you really would have when it was the real deal and your money was on the line.

Topdollarpaid · April 27, 2011 1:59PM

Ok here is the deal this guy has a shop across the street from my shop, he has ms64 morgans buy it now on the bay for 75.00
they are not my coins and I will enjoy seeing him picked off. LOL
He is my comptition and I dont buy from him or would buy them.

He has terrible pictures but as long as he is selling the coins in the pictures all should be fine.

Rumor has it that one time he listed a 5.00 lib for 575.00 buy it now and the coin was picked of buy a local competitor and sold wholesale for 4000.00.....

here is the auction number

310293608445

ok u guys help him out

segoja · April 27, 2011 2:07PM

Helped him out, but $15 shipping. Not sure he'll get real high shipping charges ratings.

Constantine · April 28, 2011 3:12AM

<< Ok here is the deal this guy has a shop across the street from my shop, he has ms64 morgans buy it now on the bay for 75.00
they are not my coins and I will enjoy seeing him picked off. LOL
He is my comptition and I dont buy from him or would buy them.

He has terrible pictures but as long as he is selling the coins in the pictures all should be fine.

Rumor has it that one time he listed a 5.00 lib for 575.00 buy it now and the coin was picked of buy a local competitor and sold wholesale for 4000.00.....

here is the auction number

310293608445

ok u guys help him out >>

I was going to bite but looks like no more for sale! $15 shipping though, it just a turn off. Even if the total price is still a deal in my opinion.

CoinCrazyPA · April 28, 2011 3:30AM

<< 

<< Ok here is the deal this guy has a shop across the street from my shop, he has ms64 morgans buy it now on the bay for 75.00
they are not my coins and I will enjoy seeing him picked off. LOL
He is my comptition and I dont buy from him or would buy them.

He has terrible pictures but as long as he is selling the coins in the pictures all should be fine.

Rumor has it that one time he listed a 5.00 lib for 575.00 buy it now and the coin was picked of buy a local competitor and sold wholesale for 4000.00.....

here is the auction number

310293608445

ok u guys help him out >>

I was going to bite but looks like no more for sale! $15 shipping though, it just a turn off. Even if the total price is still a deal in my opinion. >>

dbcoin · April 30, 2011 3:32AM

PCGS price guide prices up again

MS 63 $85
MS 64 $145
MS 65 $275

PCGS Morgan Price Guide

Sonorandesertrat · April 30, 2011 3:48AM

Collectors who have 63-66 generic Morgans they don't want to keep should strongly consider selling while there is still time.
This promoter (telemarketer?)-induced price run-up won't last a lot longer. When the price crash comes, it will happen fast.

dbcoin · April 30, 2011 6:09AM

<< Collectors who have 63-66 generic Morgans they don't want to keep should strongly consider selling while there is still time.
This promoter (telemarketer?)-induced price run-up won't last a lot longer. When the price crash comes, it will happen fast.

>>

Promoters have no influence on the price of silver. I believe these are more leveraged to the price of silver than some promoter

WTCG · April 30, 2011 10:59AM

<< 

<< Collectors who have 63-66 generic Morgans they don't want to keep should strongly consider selling while there is still time.
This promoter (telemarketer?)-induced price run-up won't last a lot longer. When the price crash comes, it will happen fast.

>>

Promoters have no influence on the price of silver. I believe these are more leveraged to the price of silver than some promoter >>

Spot price is a significant factor but promotion is the biggest influence on increasing prices.

Look at PCGS and NGC slabbed Saints and Libs for example. Gold has been rising but bids on those slabs have been stagnant if not decreasing slightly. They haven't been increasing because there is currently no promotion and therefore not a lot of interest. Today you can buy a PCGS slabbed MS65 Saint for $2250. They were going for a lot more than that when gold was at $1100.

Constantine · April 30, 2011 11:15AM

<< PCGS price guide prices up again

MS 63 $85
MS 64 $145
MS 65 $275

PCGS Morgan Price Guide >>

Geez thanks for the heads up! It is moving fast these days.

DennisH · May 1, 2011 2:54AM

That didn't take long!

LindeDad · May 1, 2011 2:58AM

I'll fold.

scottgardener · May 1, 2011 5:21AM

Common date Morgans have been dormant for two decades. This rise is long overdue. There could be a rebound correction, but more likely, I think they'll keep going. I'm saving up for the PCGS Members Only show in July, but instead of just saving up money, I'm saving up a mixed portfolio including raw silver and graded Morgans. I figure that by July, they'll be worth more. With the kinds of coins I collect likely to be more expensive in July than today, and at the risk of sounding like a doom-and-gloom pundit, I figure that by saving up paper money alone, I'm losing too much to relative inflation.

Constantine · May 8, 2011 10:10AM

Why do I have a feeling that $125 is just around the corner?

metalmeister · May 8, 2011 10:24AM

I agree with scott (Spock), Morgans have been dead money for almost 30 years since the 1980's boom. Longer term I feel 130 year old Silver Dollars in true MS 65's grade will return to the old highs of the 1980's, thus putting presure on 64's and 63's upwards. Sure there will be short term sell offs , but long term looks good for $ilver dollars. IMHO

roadrunner · May 8, 2011 12:17PM

<< I'll tell you what pisses me off to no end. When I called to buy $10k worth of Gold back when it was $300/oz, the asshat convinced me to get Morgan dollars instead of gold. So I said ok but I was going to get a pile of MS64 Morgan dollars at around $50 each. He again convinced me to buy waste-of-time MS65 Morgan dollars which have mostly gone down in value instead of the MS64's. I should always follow my own intuition DAMMIT! >>

Those a$$hat MS65 Morgans bottomed at around $75 about the same time gold was in the $300's. They tripled in that time, though will probably correct a bit right here. So not
really a bad place to be. There are a lot of coins that have lost most of their gains since 2003, never mind tripling in price. I wish all my coins were 3X their 2003 levels.

roadrunner

Constantine · May 9, 2011 2:25AM

<< Why do I have a feeling that $125 is just around the corner? >>

As of this morning I checked and back to $135 so give credit to PCGS for keeping it interesting on the Price Guide.

scottgardener · May 9, 2011 3:37AM

It's going to be turbulent, but I think the days of $60 MS64s are gone. Silver is already leveling off and trickling upwards again.

Constantine · May 18, 2011 11:35AM

Huh, $120 already. But silver has dropped significantly too so I can see them going hand in hand.

Wow Common PCGS 64 Morgans listed at $100....UPDATED.....$130!...no wait...now $145!...and back to $

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