Saturday, August 23, 2014

Rick’s Pedigree Coins – 1879-S Binion Collection Morgan Silver Dollar


Four purchases on Ebay of MS64 Binion Morgan silver dollars that surprised my in the last few days were (2) 1879-S Binion’s, (1) 1887 Binion and (1) 1888 Binion. 

The 1879-S Binion Morgan silver dollar is one of the more difficult date/mintmark combinations to acquire with a population of only 273 coins.  Within the past week, 2 of these scarce varieties appeared on Ebay and both were NGC graded as MS64.  One sold for $86 and the other for $90 (including shipping).  That is a reasonable price for a common date MS64 Binion, but for an 1879-S it is an amazing buy.

Meanwhile, at the same time, one of the most common date/mintmark Binion’s – an 1887 in MS64 – sold for $150!  The population for the 1887 Binion is 4,888 coins.  Also, an 1888 Binion in MS64 sold for $116 and the population for that date/mintmark is 1,901 coins!

DATE
 GRADE
 CENSUS
 SALE
1879-S
MS64
        273
 $       86
1879-S
MS64
        273
 $       90
1887
MS64
      4,888
 $     150
1888
MS64
      1,901
 $     116

 Am I missing something?  A coin with 18 times the population availability of the other outsells it by almost double?
 


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