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Found this Morgan in a junk box at a flea market. What is it worth?

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Answers

  • MFeldMFeld Posts: 13,613 ✭✭✭✭✭

    @Married2Coins said:

    @MFeld said:

    @Mizzou said:
    If the seller was that ignorant, you should have offered him $4

    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?

    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. :p

    Even though you said “Please”, I choose to decline your request.

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • jmlanzafjmlanzaf Posts: 34,558 ✭✭✭✭✭

    @Married2Coins said:

    @MFeld said:

    @Mizzou said:
    If the seller was that ignorant, you should have offered him $4

    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?

    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. :p

    "Please stop with the morals."

    SMDH

    I think I'll roll with Mark and hope karma takes care of the immoral or unethical among us.

  • jmlanzafjmlanzaf Posts: 34,558 ✭✭✭✭✭

    @MFeld said:

    @Mizzou said:
    If the seller was that ignorant, you should have offered him $4

    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?

    The old double standard.

  • BillJonesBillJones Posts: 34,048 ✭✭✭✭✭

    @Herb_T said:
    Looks cleaned…

    How did you come to that conclusion? The coin looks original to me. The question is does it have a slight rub, or is it an MS-63 or 64?

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • CoinHoarderCoinHoarder Posts: 2,589 ✭✭✭✭✭

    If it is not in a slab, I do not see any of my dealers paying more than $30 for a raw Morgan Dollar. And $30 would probably be on the high side.

  • jmlanzafjmlanzaf Posts: 34,558 ✭✭✭✭✭

    @CoinHoarder said:
    If it is not in a slab, I do not see any of my dealers paying more than $30 for a raw Morgan Dollar. And $30 would probably be on the high side.

    @Crypto disagrees

  • MFeldMFeld Posts: 13,613 ✭✭✭✭✭

    @jmlanzaf said:

    @CoinHoarder said:
    If it is not in a slab, I do not see any of my dealers paying more than $30 for a raw Morgan Dollar. And $30 would probably be on the high side.

    @Crypto disagrees

    I do, too. I’d pay $35 and there must be other dealers who’d pay that.

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • oldabeintxoldabeintx Posts: 1,981 ✭✭✭✭✭

    Funny how an innocuous thread can separate the wheat from the chaff.

  • jacrispiesjacrispies Posts: 953 ✭✭✭✭✭

    I would guess at MS-63. Tough to see any contact marks because of the toning and lighting, but the cheek looks clean overall.

    @MsMorrisine said:
    i wouldn't try to learn from ebay

    You are missing out.

    "But seek ye first the kingdom of God and His righteousness and all these things shall be added unto you" Matthew 6:33. Young fellow suffering from Bust Half fever.
    BHNC #AN-10
    JRCS #1606

  • @MFeld said:

    @Married2Coins said:

    @MFeld said:

    @Mizzou said:
    If the seller was that ignorant, you should have offered him $4

    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?

    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. :p

    Even though you said “Please”, I choose to decline your request.

    Nevertheless, there are wolves and sheep in the world. The sheep get eaten and the earth continues to turn. Yummy.

  • WalkerloverWalkerlover Posts: 891 ✭✭✭✭
    edited November 24, 2024 3:17PM

    @BillJones said:

    @Herb_T said:
    Looks cleaned…

    How did you come to that conclusion? The coin looks original to me. The question is does it have a slight rub, or is it an MS-63 or 64?

    Bill I would say the coin looks to have original honest toning that occurred over the years. Not being enough of an expert like you guys on the forum I am having a hard time discerning if it is AU 58 or uncirculated. The cheek and fields are fairly clean, but the lack of luster is making me think otherwise. Unless the toning is muting most of the luster. Perhaps the coin needs to be dipped?

  • MsMorrisineMsMorrisine Posts: 33,238 ✭✭✭✭✭

    that toning appears too thick to dip without leaving it flat and lusterless

    try to get better pictures

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • WalkerloverWalkerlover Posts: 891 ✭✭✭✭
    edited November 24, 2024 5:40PM

    @MsMorrisine said:
    that toning appears too thick to dip without leaving it flat and lusterless

    try to get better pictures



  • jmlanzafjmlanzaf Posts: 34,558 ✭✭✭✭✭

    @MFeld said:

    @jmlanzaf said:

    @CoinHoarder said:
    If it is not in a slab, I do not see any of my dealers paying more than $30 for a raw Morgan Dollar. And $30 would probably be on the high side.

    @Crypto disagrees

    I do, too. I’d pay $35 and there must be other dealers who’d pay that.

    I think $30 to $35 is the reasonable range. I'm at $32.50. I got yelled at for that, however.

  • MsMorrisineMsMorrisine Posts: 33,238 ✭✭✭✭✭

    i was hoping to see some color on it and maybe some luster or a reason it's not there

    the reverse shows some luster

    common date/mm - low grade MS/au

    color? can't take my eyes off the death black toning

    for $5, it's a trophy. for the realities of the coin, you got a coin that will sell for what other common ms/au morgans would sell for

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • WalkerloverWalkerlover Posts: 891 ✭✭✭✭

    @MsMorrisine said:
    i was hoping to see some color on it and maybe some luster or a reason it's not there

    the reverse shows some luster

    common date/mm - low grade MS/au

    color? can't take my eyes off the death black toning

    for $5, it's a trophy. for the realities of the coin, you got a coin that will sell for what other common ms/au morgans would sell for

    Not really that black it just photographed that way, looks basically more like the top photo a slight darkness at the rim.

  • orevilleoreville Posts: 11,994 ✭✭✭✭✭

    @Walkerlover said:
    I found this coin in a box at a flea market, bought it for $5. What is the grade and the value please? Thanks



    Only important question is where is the flea market? LOL.

    A Collectors Universe poster since 1997!
  • hummingbird_coinshummingbird_coins Posts: 1,149 ✭✭✭✭✭

    @jmlanzaf said:
    I think I'll roll with Mark and hope karma takes care of the immoral or unethical among us.

    As in, the impostors?

    Young Numismatist • My Toned Coins
    Life is roadblocks. Don't let nothing stop you, 'cause we ain't stopping. - DJ Khaled

  • super cool find at ANY market for $5 man, sweet!

  • ConnecticoinConnecticoin Posts: 12,895 ✭✭✭✭✭

    @Walkerlover said:

    @MsMorrisine said:
    that toning appears too thick to dip without leaving it flat and lusterless

    try to get better pictures



    Based on bottom pic, might be MS.

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