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Selling Morgan dollars

Scottrader03Scottrader03 Posts: 1 ✭
in Buy, Sell, & Trade - U.S. Coins

I have about 50 Morgan dollars. Half common, half key/semi key date. About a dozen or so are slabbed. I took some of them to a couple of shows and shops and have been offer about 30% of gray sheet. I thought gray sheet is supposed to be the wholesale price. Is there any way to get gray sheet? Or maybe even a little better?

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  • GrantuGrantu Posts: 188 ✭✭✭
    edited September 19, 2022 8:56AM

    Are you wanting selling advice or are the Morgan’s for sale? If you want advice maybe this thread would be better suited on the US coins forum

  • moursundmoursund Posts: 3,207 ✭✭✭✭✭

    If you have decent pictures of front and back of the morgans, and list them here for sale, you can likely get a "fair" price. Better than a show or B&M would pay, less than what eBay sale would gross.

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  • coinbufcoinbuf Posts: 11,298 ✭✭✭✭✭

    If the coins you took were the raw coins (and in some cases the slabbed coins depending on who slabbed them) it is possible that the dealers you offered them to graded them lower than you do, which could be one reason for the disparity of the offers you received to your perceived fair value/gray sheet prices. As it seems from your op that all the dealers were much lower than you expected and without knowing your level of experience with coin collecting/grading a very real possibility is that your expectations were optimistic.

    My suggestion is to start a thread on the US coin section of the forum, post some good clear in focus cropped photos (both sides) of two or three coins and ask what the members here would grade those coins at. You will not get a complete consensus on grade but it should be good enough to either confirm your grade opinion or perhaps indicate that you might need to adj your grades.

    With that info you should have a better idea of value and as suggested you can attempt to sell your coins to the forum members here on the BST section. You should not expect t receive full retail here but something close to gray sheet is a reasonable expectation. You may have better sucess if any of the key dates not already slabbed were sent into NGC or PCGS for grading prior to listing them for sale anywhere.

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  • JWPJWP Posts: 22,236 ✭✭✭✭✭

    @ scottrader03 this is just a suggestion, maybe you need to just take a break close this listing and take the time you need to take pictures of the obverse and the reverse of each item that you're going to sell. List the price and ndicate what type of shipping charges if any. And what type of payment you will accept. You will get a lot more positive reception with pictures and prices than with words and generalities. Just saying, your listing- your coins- your method. Welcome aboard and hope you have plenty of success while on the form. :#

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