What do you think of these Morgan dollar coins?
Azurescens
Posts: 2,762 ✭✭✭✭✭
Happy Sunday! Rainy and cold here but the coffee helps! Brrr. Just enjoyed some eggs and toast and leftover bacon pancakes from yesterday =O
Came across these in my SDB. Just curious on your folks thoughts on the coins, if they're worth slabbing, or if you see anything I dont. Chances are I'll be leaving them as-is for my nephew, but if there's anything worth selling, I think it would be better served in his college fund.
Sorry for the bad light source and container. These things are like fused together. Any tips on opening them would be appreciated, I now have 2 broken nails and one broken case. =P
The only thing I "know" about them is grandpa "never" bought circulated morgans, and grandma removed these from their original holders and put them in these a few years before her death.
Comments
Your Morgans are in "AirTites", an inert and quite safe way to store them. You can get them apart by running your fingernail around the seam, and there should also be a small groove-cut-out on one side right at the edge. But . . no particular need to do that.
Although several of the coins appear to have some slightly altered surfaces, the majority are solid BU (Uncirculated) coins from issues with relatively high survival rates (i.e. 'common'). They exhibit normal hits and scuffs from being in bags and having been thrown around, but seem to be very appropriate for BU condition (MS62-64).
Overall, considering your certification costs would work out to about $25 per coin (fees, handling, Registered both ways), there is not a hugely desirable upside in certification, but instead, watch these issues' value over the years, hold on to them as family heirlooms, keep them safe and in a decent environment, and pull them out once in a while to enjoy them.
You can get an idea of their values on line at many sources, including a full-retail value here at the PCGS Price Guide (for PCGS Certified coins).
You will get much more good info below from many solid numismatists . . .
Good luck!
Drunner
There goes the Grandpa "never" bought circ Morgans myth. One of those Morgans is heavily circulated. Are these all the Morgans Grandpa passed down?
Hence the quotes lol. No, there's a couple hundred, and I liquidated all my 1921's. Some other family members have some as well. He would buy anything if the price was right so I never bought into that myth. He had some gorgeous CC's I remember seeing as a kid but those went to his medical bills. He was gassed during the war but survived. Said his brother (who also got gassed) got the better end of the stick since he died young. What a morbid thing to say to a child now that I think about it lol.
They are nice and I would send them all in for grading.
Why?
Leave them in air tites. and save the sub fees.
It looks like most are in the AU58-MS63 range. One of them has more wear, and I'd call it XF45.
As for grading, if you have over 100 coins, your best bet may be to have someone that can get them graded in a bulk order do that for you. The cost of economy grading, at $20 + shipping each, would not be recoverable when sold. Bulk grading can be as little as $5 a coin plus shipping. You'd probably be able to make this up in the sale. If you're giving them to a nephew to pay for college, they'd be easy for someone not terribly familiar with them to sell on eBay as needed. The circulated 1884 and other circulated common dates I wouldn't bother grading.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Nothing worth sending in this batch.
I hope you nephew has a backup plan for college!
(Kidding)
Haha. Well, I've been deathly sick the better part of a year. Doctors can't figure it out. It's driving me mad and every day is a struggle. It's made me think a lot of my mortality. Trying to get everything together so nobody has to guess if I should die. There's plenty more I still have to go through. I'd just like my beneficiaries to be able to grieve and not have to sort through rolls upon rolls and random raws etc. The couple coins I've had in the 2-10k range I've already sold for medical bills. It's not been easy. I'm working on a small foreign collection and a US collection for him, so at least he has a piece of me. Maybe he will enjoy maybe he will just sell, but I'll be gone so I don't mind.
As mentioned above, just keep as is. The first 1884 has some huge clashing going on, cool.
bob:)
Tell me about bacon pancakes.
What coin did you have at 10K? Did you have it graded?
Just leave them in the air tites
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.