superbeast1098 Posted October 13, 2006 Report Share Posted October 13, 2006 http://atlanta.craigslist.org/clt/219912062.html MS 66 Morgan dollar from 1881. The guy claims is has a book value of 16,500 but is selling it for $280. Makes me wonder if its a fake..... Link to comment Share on other sites More sharing options...
Burks Posted October 13, 2006 Report Share Posted October 13, 2006 If it was in fact graded by PCGS, then yes the book value would be close to $16,500. The problem lies in that it is graded by SGS. Their grading is notorious for being "not so good". If you've ever seen a SGS graded coin in person, you'll know what I mean. At most it may be a 62....that's a reach. Link to comment Share on other sites More sharing options...
ccg Posted October 13, 2006 Report Share Posted October 13, 2006 http://atlanta.craigslist.org/clt/219912062.htmlMS 66 Morgan dollar from 1881. The guy claims is has a book value of 16,500 but is selling it for $280. Makes me wonder if its a fake..... When you see a "deal", it's much more likely the item in question doesn't exist rather than it being counterfeit. Link to comment Share on other sites More sharing options...
Vfox Posted October 15, 2006 Report Share Posted October 15, 2006 If it was in fact graded by PCGS, then yes the book value would be close to $16,500. The problem lies in that it is graded by SGS. Their grading is notorious for being "not so good". If you've ever seen a SGS graded coin in person, you'll know what I mean. At most it may be a 62....that's a reach. In the case of this coin, I agree with Burks here, it's not that the coin is fake, or not there, it's that the coin is graded by the SGS grading company. If you had heritage coin quality photos of it, I'm sure you wouldn't even be able to get a MS-63 out of it. Link to comment Share on other sites More sharing options...
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