Home Site Map

 
Go Back   Kitco Forums > The Markets > Numismatic Discussion group
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

Reply
 
Thread Tools Display Modes
  #1  
Old 05-13-2012, 11:04 PM
SilverPutz's Avatar
SilverPutz SilverPutz is online now
Member
 
Join Date: Apr 2011
Posts: 1,835
Cool Morgan PL Dollars ???

My town's coin shop has a Morgan 1880 S ICG MS 63 PL silver dollar available for $65.

I have never purchased a Morgan from ICG before.

What do you think of their price for this Morgan dollar?

Also, in general, what do you think of purchasing average date Morgan in PL in reference to potential future value?

Thanks .........
__________________
Do Your Own Due Diligence (dyodd) AND "caveat emptor"

Please note ......... these comments are just my opinion ......... thanks
Reply With Quote
  #2  
Old 05-14-2012, 01:12 AM
BodieGhost's Avatar
BodieGhost BodieGhost is offline
Member
 
Join Date: Jan 2012
Posts: 1,335
Default

Well according to these folks - http://www.numismedia.com/fmv/prices...prices61.shtml - the fair market value of this coin would be $115. The thing that can muck things up is the accuracy of the ICG grading. In general, they're known to be less strict on grading coins than PCGS. So if your Morgan is closer to MS61 or MS62, then the market value would be between $62 and $66 - within your coin shops' price.

There's plenty of this date that survived in MS63 PL condition. Many numismatists wouldn't have even got this coin slabbed. For this reason, I'm not real big on comman date Morgans and I don't see them shooting up in value any time soon. But that's just me.

Last edited by BodieGhost : 05-14-2012 at 01:15 AM.
Reply With Quote
  #3  
Old 05-14-2012, 10:44 AM
coindog coindog is online now
Member
 
Join Date: Nov 2010
Posts: 7,390
Default use your eye

compare that coin to other graded ms63s in the coin shop. if it looks good then that's an OK price. on the other hand the '80-81-82S morgans are the most common ones in high grades so a lot of them are out there. if you want a nice Morgan cheap that's the way to get one. never go way up in price but doesn't go down with every $2-5 move in spot.
Reply With Quote
  #4  
Old 05-14-2012, 04:30 PM
SilverPutz's Avatar
SilverPutz SilverPutz is online now
Member
 
Join Date: Apr 2011
Posts: 1,835
Cool

Thanks for the info.

Yep, it has a really nice "eye appeal."

I think I'm going to purchase it after work, if it's available.

Thanks ........
__________________
Do Your Own Due Diligence (dyodd) AND "caveat emptor"

Please note ......... these comments are just my opinion ......... thanks
Reply With Quote
  #5  
Old 05-14-2012, 08:37 PM
Numisgold's Avatar
Numisgold Numisgold is offline
Member
 
Join Date: Aug 2009
Posts: 4,287
Default

If a no question 63 and definitely Proof Like (2-4 inch mirrors), then possibly worth that money. But understand that most ICG (except the very early ones) are considered raw coins these days. And 80-s dollars being very common in 63 PL won't get anyone excited unless the coin is truly awesome. Note that any slabbed Morgan with the slightest of mirrors (0-1.9") will tend to look proof like just from the plastic. Any truly PL coin should some generous frost on the devices. There's limited potential in any 80-s and 81-s PL Morgans because they are fairly common in 62-64 grade. These would be the 2 lowest rated PL and DMPL dates in the entire series. Not much potential unless you're up to MS 67 PL grades.

Last edited by Numisgold : 05-14-2012 at 08:42 PM.
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 11:26 PM.


Copyright@ 2007 Kitco Inc.