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Your Opinion on NGC/PCGS Slabbed Morgan Dollars?


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Today, I stopped by my LCS and saw six slabbed Morgan Dollars, NGC and
PCGS.

Five were 1881-S, ranging from MS62-MS64, $55 each for the MS62-63, $100 for the
MS-64.

I also saw one 1898, no mint mark, MS-63 for $55.

They have an XRF to verify the silver content.

When I got home, I checked out NGC and PCGS and saw all of these prices are below their
prices by about $20. or 17% below the list prices. Curiously, this LCS expensive for ASEs ($31) and AGEs ($1,995
or $123.60 over spot), so I'm unclear as to why they've discounted the Morgan Dollars. Any idea why?

I like the Morgan's look, but also want to be able to sell it for a
profit someday it need be. What are your thoughts about buying these?

Thanks

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You're assuming the NGC and PCGS prices are accurate. I have no idea whether they are, but is it a possibility they're a little over egged? Your LCS could be pricing them at real world prices that can be achieved? Or maybe they've had them in stock a while and are discounting them a little?

Happy to receive feedback on all my trades. If anyone wants feedback from me, just say the word.

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