I don't consider Morgans old

Friends, I spent quite a while studying for a purchase---trade. I have some coins for sale or trade and was offered a 1887 MS-67. Now this is a Morgan Dollar at the best grade under $30,000 that would be a perfect candidate for a trade.

The guy called me and said he paid $2,030 for the coin and he was interested in my Carson City's. I checked PCGS (which was the grader) for price value and came up with $2,100, well that is full asking price. So I checked the value a year ago and the value was $2,600, O-K now it makes sense. He is trying to get his money back before it drops more. Oh yes, I believe it will drop more. After a careful study of the Morgans that dropped in value they found a equal drop level of around 30%. This tells me the 1887 will probably go down $280 more before bottom out.

I then checked Numismedia Fair Price Values and saw wholesale price is $1,790. So if PCGS prices do slowly go down to Numismedia prices I feel a $1700 trade is fair.

The check that did not work was CAC population. I may have it wrong but I came up with 1 PCGS MS68 and 1 NGC MS68 (through Heritage Listings). When I pulled up CAC registered 1887 MS68 there was 10 so something is wrong somewhere for sure.

Well He may trade so I will show one of the CCs before she finds a new home.

HAPPY COIN COLLECTING