$85 coin sold for $7,125

[DHalladay]

$7K 1879-S.jpg (171.28 KiB) Viewed 4634 times

This happened last night at Great Collections.
It's a Reverse of '79.
PCGS Price Guide says $85.
My only thought here is Madness.

[Vam-mysterio]

Old holders are getting Hot now

[RogerB]

The "Age of Stupidity" is upon us. (And long ago we thought it was the "Age of Aquarius.")

[lured_in_again]

And I was always told.... buy the coin, not the holder.

[lioncutter]

Someone has more dollars than sense. (no pun intended)

[morganman]

Truly gives creedance to the term Sticker Shock
Everything we buy nowadays is Sticker Shock period
Im seriously thinking of filling my freezer with venison -elk- salmon and
going back to garden raised home canned tomatoes garlic etc etc
Canned peaches / A bunch of work and time consuming but what the L- im retired

price reminds me of marketers of modern Morgans etc- All nuts
Hoping my silver stash goes crazy $1k per oz will suffice LOL LOL

[pup_picker]

for those that don't know, this is a pcgs gen 1 holder

[impairedsquirrel]

The "Age of Stupidity" is upon us. (And long ago we thought it was the "Age of Aquarius.")

Nah, whatever this is nudged the age of stupidity and said "Hold my beer"...

[vamnuke]

Buy the holder; not the coin.

[Kurt28]

I regret that among my great failings in life is that I have waited so long to questioned authority, question experts, and fail to trust my own judgement and training.

1904-O 58 plus.jpg (115.33 KiB) Viewed 4542 times

[DHalladay]

Kurt:

That is... disturbing.
Thanks for posting though!

[JASONKFLO]

Dang am I missing something?

[Kurt28]

Yes. Faith in your own understanding.

[colwillys]

Are old PCGS holder Morgan silver dollars worth this type money . MS coins . ???? .. I am going to check and
see how mean I have .. Is this good trading material ??? .. If so maybe good for FUN SHow next year .

[DarksideVAM]

I assume these hammer prices are driven by slab collectors and PCGS 'Everyman' competitors. I've paid premiums to get original GSA packaging but I didn't take it quite that far.

Imagine the hammer prices if PCGS started adding double plus grade suffixes and counting them at .75 instead of .5 points in the registry.

[messydesk]

Gen 1 holder. The coin is irrelevant. The thing is, it's not the earliest dog matrix printer, even though it is a 108xxxx serial number.

[blh74]

I regret that among my great failings in life is that I have waited so long to questioned authority, question experts, and fail to trust my own judgement and training.

1904-O 58 plus.jpg

Any idea why this coin was so interesting ?

[iceman]

I guess for the Registry for the Everymans collection of circulated Morgans the AU58 with the + might hit the Top Of The Pop
for that registry and add some major points . Same with the early PCGS holder that someone might be collecting the
early numbers . Just my thought that maybe that the reason , But Still Silly Dollars for these , but if its a coveted thing who knows . Still I personally wouldnt spend that for those reasons on these 2 coins . I rare VAM of course I would Pony up . LOL .
I guess collecting has different sides to it and some might seem very abstract to us . LOL , But thats my take on it .
Could be right could be wrong .

[rodmeader]

There are way too many rich folk out there.

[rogerg]

Makes you wonder about the ones that got cracked out and sent back in later hoping for an upgrade.