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Value of Genuine (cleaned) graded Morgan Dollars

FolsomMike62FolsomMike62 Posts: 6 ✭
in Q & A Forum

Hello,

I recently had some Morgan Dollars graded and they came back with a Genuine grade. One was Unc Genuine, 2 were AU Genuine and one was an AU repaired. I'm trying to understand what a fair market price is for these coins. I understand they are worth less because of being cleaned. Is there a "rule of thumb" on how these should be priced compared to non-cleaned grades? I've attached two examples.

1880-CC - PCGS 49404977

1883-S - PCGS 49404979

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Comments

  • skamienieckiskamieniecki Posts: 92 ✭✭✭

    I think it all depends upon the coin's population and collector need. In my opinion any CC minted coin will suffer less of a hit when cleaned than say a 1922 P Peace dollar cleaned in a similar manner. Neither coin appears to be too badly damaged by cleaning and I can't see where the other coin was repaired, but that's just my opinion, I could be wrong.

  • SametsSamets Posts: 155 ✭✭✭

    I typically see the problem coins listed on eBay at great prices but since I'm building a Morgan registry set, I scroll past them. eBay sold listing may be your best bet for researching the values...

    For example, the last 3 sales of 1880-CC with UNC details with various problems:

    3/17 $620 UNC details with questionable color
    4/2 $526 UNC details with cleaning
    5/20 $599 UNC details with polishing

    Hope this helps.

  • FolsomMike62FolsomMike62 Posts: 6 ✭

    Thank you Samets. Very helpful. Do you have some key date Morgans you are looking for for your registry set? There are over 350 Morgans in the estate collection I am trying to liquidate. Thank you.

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