Options
Question:
Charleshicks51
Posts: 80 ✭
A guy offered to buy this Morgan dollar from me for $20 is that a RIP off?
Tagged:
0
Charleshicks51
Posts: 80 ✭
Charleshicks51
Posts: 80 ✭
Charleshicks51
Posts: 80 ✭
Charleshicks51
Posts: 80 ✭
A guy offered to buy this Morgan dollar from me for $20 is that a RIP off?
Comments
Melt value is $12.41, so the offer could be worse.
I'm not a series expert, so I can't tell you from the photos if it is fake or if it has been polished or whizzed.
From the photos you suggest it is PL or DMPL. You can look up some prices here:
https://www.pcgs.com/prices/priceguidedetail.aspx?ms=1&pr=1&sp=1&c=744&title=morgan+dollar
But these really only apply if it has been authenticated and graded by PCGS.
Pictures are horrible. That might be way too much money, the right amount, or not enough. The reverse looks like the coin could have been messed with. If so, $20 is not unreasonable. But it's impossible to tell from those photos.
Looks cleaned, probably worth melt value. Since you spent more than melt witch is around $12 you probably got ripped off. I suggest find a nicer affordable Morgan, ideally graded👍
Most any Morgan dollar trades above melt value. Also, the original poster stated that he was offered $20, not that he paid that amount.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
A problem-free BU example of this date and mint should sell for $40-$45 retail. I can't tell if your example is problem free or not.
Collector, occasional seller
@MFeld I know Morgan’s sell for more than melt. Cleaned avarge date Morgan’s are worth vary close to melt value when they are cleaned. $20 might be alright for the coin but I cannot be 100% sure because the picture is not good enough to show the extent of the damage done to the coin. It looks cleaned. I recommend @Charleshicks51 not get a cleaned Morgans, But save up and get a nice Morgan graded 1880s Ms 63 or Ms 64 for around $50-60. This is my Morgan’ graded Ms 64
1) the coin is in a hard case, so the gloves are really not necessary.
2) To get an accurate idea of the value, the coin should be taken out of the holder
BHNC #203
Lol. Thanks guys, I appreciate it
Why do say ripoff? I see your posts on BST and your sell on EBAy items including PCGS and Morgan dollars etc and you have no idea if its a good buy or not
.
But yet you have a good ,idea as to the value of items selling?
Yout selling a $650 coin but not sure about a Morgan Dollar of minimal value?
Humm!
With the dings and chatter on the obverse, the clean reflective surface is strange... which indicates to me that it has been cleaned - possibly buffed in some manner. Likely the reason you were offered only $20. Cheers, RickO