Found this Morgan in a junk box at a flea market. What is it worth?
Walkerlover
Posts: 891 ✭✭✭✭
I found this coin in a box at a flea market, bought it for $5. What is the grade and the value please? Thanks
4
Best Answers
-
jesbroken
Posts: 10,018 ✭✭✭✭✭
You made a very good purchase. Congrats.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain2
Answers
How are you going to return it to a flea market?
Estimate the grade and look it up in Coinfacts.
AU 58?
Just an honest question no need for sarcasm and hostility
I think @Lermish was just asking an honest question.
Check for VAM 20
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
I don’t see any doubling. What grade do you see? I don’t have access to grey sheet what can I sell it for to a dealer? Thanks
I didn’t ask for his commentary only a direct response to my questions
Looks cleaned…
Did they have any Saints for $200?
Yes, but he returned them.
Yes of course counterfeit
I am not a professional only a casual collector... But 1886 is a very common date Morgan. It actually looks Mint State to me - it's just hard to believe you found an MS Morgan in a box of junk. If it straight graded to MS63 (which will cost you $40 or so) my guess is you could sell it to a dealer for $60 or $70. Below is PCGS Price guide (what a collector might expect to pay). Not netting much different than melt value.
Casual collector, mostly Morgans & Peace Dollars.
LOL, I guess the flee market vendor was either ignorant, blind, or his ten year old was minding the stall while he was away.
$30 bucks or so.
Rebirth. Renewal. Transformation.
You sell slider Morgan’s for about melt?
11.5$ Southern Dollars, The little “Big Easy” set
Most flea market vendors have a regular table and are there every week. That said, most in-person coin sales are final since the buyer has the opportunity to examine the coin before he buys it.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
He asked what a dealer would pay. They are going to be in the $30 to $35 range. Upstate is buying AU/Unc at $35.50
Melt is only $24
The coin looks uncirculated to me and should fetch about $35 from a dealer.
Herb_T Posts: 1,738 ✭✭✭✭✭ November 22, 2024 8:15PM
Looks cleaned…
It doesn’t look cleaned to me.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
How bout weight, diameter and magnet test, to make sure it's the real McCoy. Good luck
BST: endeavor1967, synchr, kliao, Outhaul, Donttellthewife, U1Chicago, ajaan, mCarney1173, SurfinHi, MWallace, Sandman70gt, mustanggt, Pittstate03, Lazybones, Walkerguy21D, coinandcurrency242 , thebigeng, Collectorcoins, JimTyler, USMarine6, Elkevvo, Coll3ctor, Yorkshireman, CUKevin, ranshdow, CoinHunter4, bennybravo, Centsearcher, braddick, Windycity, ZoidMeister, mirabela, JJM, RichURich, Bullsitter, jmski52, LukeMarshall, coinsarefun, MichaelDixon, NickPatton, ProfLiz, Twobitcollector,Jesbroken oih82w8, DCW
Did you say that because of the cost or for some other reason? The coin’s authenticity doesn’t look the least but questionable to me.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I like it as Unc. and would gladly pay $40 for it.
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
I'll bet there are some coins - somewhere - that can be determined to be real from an image.
Apparently, this must be one of them.
$25. And it’s not graded. Even Ebay forbids me from elaborating on the grade. The terminal toning doesn’t hurt. as a guess ? AU 50 to XF details
I agree with all of your post except for these four minor details.
1) $25 is too low - many dealers would pay more for the coin; 2) eBay has no say over whether you elaborate here on the grade of the coin; 3) The toning doesn’t look terminal; 4) XF is definitely out of the question and AU probably is, as well.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
A wise flea market table will buy it back for less.
I find most of these posts to be unusually, and unnecessarily rough. I know the poster’s history but he seems to be asking an honest question. Maybe people are consciously or subconsciously downgrading / lowballing the coin because of the poster. The Morgan looks about MS63 to me although I can’t rule out AU58. It doesn’t look cleaned and it certainly doesn’t look fake (the $5 purchase price notwithstanding). That should be worth at least $50-$70 retail and would make a nice album coin. It’s not an easy sell for a dealer so maybe they would only pay $35-40 but a collector would likely pay more.
And yes, I agree the OP should know enough to look on eBay and perhaps even grade this himself but coins with this look are hard to grade (especially from pictures).
I’m thinking go back to the flea market next week and see what he will pay for it. Just a thought😜
Martin
I would expect about $32.12
I'd give you $6 for it.
God bless all who believe in him. Do unto others what you expect to be done to you. Dubbed a "Committee Secret Agent" by @mr1931S on 7/23/24. Founding member of CU Anti-Troll League since 9/24/24.
What an oddly specific number. Lol
But will it bean? 🤔
All kidding aside, great score from a flea market.
I tried, but then someone else did the work for him. How is the OP going to learn to fish if we keep taking it off the hook for him?
Funny an avg dealer’s buy price is exactly the same spread above your wrong valuation as the gap between it and what i said was about melt. And you focused in on which part?
My point was your guess was at least 25% under the cheapest retail and less than most educated consumers could even sell it for so not the value the OP was asking for. I know you like to post for postings sake but you should try and do better. People may mistake your prolific nature for expertise
11.5$ Southern Dollars, The little “Big Easy” set
What the hell? What exactly did I say that deserved that response?
My exact response was "$30 bucks or so" which covers that range. My valuation is accurate to the question asked. You walk into just about any BM in the country they are going to offer $30 to $35. Try it. For a single coin, they tend to offer back of wholesale bid (upstate) so they can flip them when they have quantity.
I would try to retail it at $40ish and I would buy at $30 to $35 depending on how it looked in hand, for what it's worth.
Your original response was "$40 retail" which is exactly what someone buying at "$30 bucks or so" would do. So, since we AGREE ON THE VALUATION, I return to "what the hell?"
can you get better photos with better lighting
$5 is a rip
Amazing flea market find. I've only seen badly cleaned junk.
You can't really can't go wrong with a $5 purchase
Very nice find.
USN & USAF retired 1971-1993
Successful Transactions with more than 100 Members
Since I could only agree once with this post, I’m going to post it again:
David3142 Posts:
I find most of these posts to be unusually, and unnecessarily rough. I know the poster’s history but he seems to be asking an honest question. Maybe people are consciously or subconsciously downgrading / lowballing the coin because of the poster. The Morgan looks about MS63 to me although I can’t rule out AU58. It doesn’t look cleaned and it certainly doesn’t look fake (the $5 purchase price notwithstanding). That should be worth at least $50-$70 retail and would make a nice album coin. It’s not an easy sell for a dealer so maybe they would only pay $35-40 but a collector would likely pay more.
And yes, I agree the OP should know enough to look on eBay and perhaps even grade this himself but coins with this look are hard to grade (especially from pictures).
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
i wouldn't try to learn from ebay
If the seller was that ignorant, you should have offered him $4
Sometimes I think that animals are smarter than humans, animals would never allow the dumbest one to lead the pack
If anything, offering more, not less, would have been appropriate.
If the buyer had been a dealer, would you have suggested that he offer $4, too?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Looks like a lovely honest original uncleaned unc Morgan dollar to me -- given the toning and the pic the grade could be anywhere AU58 to MS63 or so. Great find given the price and the environment in which you encountered it.
I'm thinking go back and see if there are other valuable numismatic items at the booth. If the owner actually sold this coin for $5, there could be tokens, medals, and colonials posing as common British Coppers that are worth more than the $1.
Please stop with the morals. We live it a cruel world. Most of the time I jump at a mistake. The ONLY TIME I can think of when I did the "right thing" happened at a small coin show. Some dealer was selling stuff for a lady who's husband had passed and I bought some neat stuff at $5 @ - 3 for $12 from the junk box. I can't even remember what I bought. There were two Egyptian gold colored coins the size of a $10 Indian that were beautifully enameled and covered with a Lucite looking dome. I thought they were nice but passed. A little while later, after I thought about it, I went back to buy them. As I was paying $12 for the two plus another trinket I realized that they were actually gold coins that were turned into beautiful Jewelry. I told the seller what they were and gave them back. On one hand, I felt really good about what I had done for the widow; yet really bad at the same time for missing one of my biggest all time scores - $$$$ worth of gold for $10! The thing that made me mad was if I had bought them in the beginning, having no idea of what they were, I would not have discovered what I had until much later as a really BIG SURPRISE. Then I would not have felt any moral guilt or felt the need to find the seller a another show.
So. yes. I would have asked the flea market guy if he could do $4.50. After all, the coin is only a dollar.
And yes, I agree the OP should know enough to look on eBay and perhaps even grade this himself but coins with this look are hard to grade (especially from pictures).
The experts are supposed to be here, not ebay. Worth about $25-$30 to a dealer who will try to get $40-$45 for it. Ask $50 take $45 is how I would roll on this one.
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein