Morgan silver dollar
shark669
Posts: 19 ✭
Hi all
I inherited bunch of Morgan silver dollar (45 of them)
I would like to know what is the process of evaluating the value and selling them at a good price
Also what is a rare Morgan silver dollar ? what year/struck?
Is there a place i can upload the images for evaluating ?
I don't want to sell them at CL and get ripped off
Thank you very much!
here is one sample:
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Buy a copy of "A Guide Book of US Coins" (known as the Red Book. It will have retail pricing info and give you some grading guidelines. If you prefer wholesale valuations, try the "Handbook of US Coins" (known as the Blue Book).
The coin you show appears to be an MS62 1884-O. I grade it 62 because of the excessive marks on the Eagle on the reverse. It is a common date Morgan dollar. The current Blue Book lists a value of about $35 for the coin shown. Do not clean your coins and leave them in the plastic holders just to be safe.
You can put them on the BST Board here and save on the selling fees elsewhere
Welcome to the forum!
Check for key dates, check sold listings on ebay, post photos here, ask questions & learn.
That is just a few of your options.
Offer them as a Holiday gift to your 2 favorite forum members. Send half of them to @ifthevamzarockin and the other half to me....wait....you said 45 right? Keep one for yourself as a reminder of how cool the Morgan guys treat you on the forum!
Here are some good online places to start the process (all from our host). Keep in mind that grading coins takes knowledge and skill and most pricing guides are only guides and give you an idea of price.
Starting Out
https://pcgs.com/starthere
CoinFacts
https://pcgs.com/coinfacts
Grading
https://pcgs.com/photograde
Pricing
https://pcgs.com/prices
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
While you looking you need to know what a "VAM" is all about. When you do you would learn that there are variiety's that could ad huge price differences that could turn a $35 coin into a $500 coin, some build sets of just these coins.
As an example I was looking at the "O" mint looks like it could be a VAM - 7, O over O "O/O" where the mint mark was punched in by hand at least two times, that is just one out of a possible 124 varieties. This is according to PCGS price guide.
Just a thought
Fighting the Fight for 11 Years with the big "C" - Never Ever Give Up!
Member PCGS Open Forum board 2002 - 2006 (closed end of 2006) Current board since 2006 Successful trades with many members, over the past two decades, never a bad deal.
A link to vamworld to clarify or confuse.
http://ec2-13-58-222-16.us-east-2.compute.amazonaws.com/wiki/Home
Take your time, don't be in a hurry. Maximize your sell when you do by reading and learning. NEVER clean, polish or mess with a coin for starters.....just understand that if you do the value will DECREASE significantly and as much as 70-80% or even more in some cases. Just recently on this forum a coin was talked about that was a $250,000 coin and then the owner cleaned it (actually tried to enhance it's looks to make it worth more). By doing so he ruined the value and when he sold he got $6,600 for it.
Here's the link:
https://forums.collectors.com/discussion/1028542/numismatic-tragedy-the-1850-double-eagle-frankencoin#latest
I'm using an Android phone right now and it's a bit difficult to grab Link's like that, just one of the reasons not to include the link, kind of like learning to swim in the ocean during a hurricane...
. It's also the reason for so many misspelled words or replaced words...😎
Fighting the Fight for 11 Years with the big "C" - Never Ever Give Up!
Member PCGS Open Forum board 2002 - 2006 (closed end of 2006) Current board since 2006 Successful trades with many members, over the past two decades, never a bad deal.
All the above.
If they are all circulated common dates like the one shown in the picture expect $15 to $25 each for them
But the one shown is not circulated.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Don't use a pricing guide for coins that are slabbed by PCGS or NGC unless your coins are actually slabbed by them. If your coins are "raw" (unslabbed) they will bring much less. Having them slabbed will probably cost more than it is worth if the coins are common date Morgans.
If they are all graded, go to Ebay or Heritage auction archives ( need to sign up for free ) and search completed auctions.
Who they are graded by matters.
@shark669....Welcome aboard.... As you can see from the above posts, you will need to do some research...You may or may not have some Morgans of numismatic interest/value.... So do your homework and let us know what you discover...Cheers, RickO