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

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



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  • Connecticoin
    Connecticoin Posts: 13,278 ✭✭✭✭✭
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    Estimate the grade and look it up in Coinfacts.

  • Walkerlover
    Walkerlover Posts: 1,029 ✭✭✭✭
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    @Connecticoin said:
    Estimate the grade and look it up in Coinfacts.

    AU 58?

  • Walkerlover
    Walkerlover Posts: 1,029 ✭✭✭✭
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    @lermish said:
    How are you going to return it to a flea market?

    Just an honest question no need for sarcasm and hostility

  • IkesT
    IkesT Posts: 4,600 ✭✭✭✭✭
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    @Walkerlover said:

    @lermish said:
    How are you going to return it to a flea market?

    Just an honest question no need for sarcasm and hostility

    I think @Lermish was just asking an honest question.

  • yspsales
    yspsales Posts: 2,670 ✭✭✭✭✭
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    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

  • Walkerlover
    Walkerlover Posts: 1,029 ✭✭✭✭
    edited November 22, 2024 6:48PM
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    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

  • Herb_T
    Herb_T Posts: 1,755 ✭✭✭✭✭
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    Looks cleaned…

  • Connecticoin
    Connecticoin Posts: 13,278 ✭✭✭✭✭
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    Did they have any Saints for $200?

  • Walkerlover
    Walkerlover Posts: 1,029 ✭✭✭✭
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    @Connecticoin said:
    Did they have any Saints for $200?

    Yes of course counterfeit

  • john_nyc1
    john_nyc1 Posts: 247 ✭✭✭
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    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: Morgans & Peace Dollars & 20th Century Type Set. Successful BST transactions with ProofCollection, Morgan13, CoinFinder, CoinHunter4, Bretsan.

  • Married2Coins
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    LOL, I guess the flee market vendor was either ignorant, blind, or his ten year old was minding the stall while he was away.

  • jmlanzaf
    jmlanzaf Posts: 43,048 ✭✭✭✭✭
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    @Walkerlover said:
    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

    $30 bucks or so.

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • Crypto
    Crypto Posts: 4,098 ✭✭✭✭✭
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    @jmlanzaf said:

    @Walkerlover said:
    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

    $30 bucks or so.

    You sell slider Morgan’s for about melt?

  • PerryHall
    PerryHall Posts: 47,752 ✭✭✭✭✭
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    @lermish said:
    How are you going to return it to a flea market?

    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

  • jmlanzaf
    jmlanzaf Posts: 43,048 ✭✭✭✭✭
    edited November 23, 2024 5:28AM
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    @Crypto said:

    @jmlanzaf said:

    @Walkerlover said:
    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

    $30 bucks or so.

    You sell slider Morgan’s for about melt?

    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

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • MFeld
    MFeld Posts: 17,132 ✭✭✭✭✭
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    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.

  • Namvet69
    Namvet69 Posts: 9,423 ✭✭✭✭✭
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    How bout weight, diameter and magnet test, to make sure it's the real McCoy. Good luck

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  • ajaan
    ajaan Posts: 18,005 ✭✭✭✭✭
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    I like it as Unc. and would gladly pay $40 for it.


    DPOTD-3
    'Emancipate yourselves from mental slavery'

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    Don
  • Married2Coins
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    @Namvet69 said:
    How bout weight, diameter and magnet test, to make sure it's the real McCoy. Good luck

    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.

  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,217 ✭✭✭✭✭
    edited November 23, 2024 7:50AM
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    $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

  • Creg
    Creg Posts: 1,736 ✭✭✭✭✭
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    A wise flea market table will buy it back for less.

  • Martin
    Martin Posts: 999 ✭✭✭✭✭
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    I’m thinking go back to the flea market next week and see what he will pay for it. Just a thought😜

    Martin

  • dhikewhitney
    dhikewhitney Posts: 532 ✭✭✭✭
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    @Walkerlover said:
    what can I sell it for to a dealer?

    I would expect about $32.12

  • CRHer700
    CRHer700 Posts: 2,153 ✭✭✭✭✭
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    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.

  • jmlanzaf
    jmlanzaf Posts: 43,048 ✭✭✭✭✭
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    @dhikewhitney said:

    @Walkerlover said:
    what can I sell it for to a dealer?

    I would expect about $32.12

    What an oddly specific number. Lol

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • JBK
    JBK Posts: 17,862 ✭✭✭✭✭
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    But will it bean? 🤔

    All kidding aside, great score from a flea market.

  • Connecticoin
    Connecticoin Posts: 13,278 ✭✭✭✭✭
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    @david3142 said:

    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 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?

  • Crypto
    Crypto Posts: 4,098 ✭✭✭✭✭
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    @jmlanzaf said:

    @Crypto said:

    @jmlanzaf said:

    @Walkerlover said:
    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

    $30 bucks or so.

    You sell slider Morgan’s for about melt?

    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

    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

  • jmlanzaf
    jmlanzaf Posts: 43,048 ✭✭✭✭✭
    edited November 23, 2024 11:16AM
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    @Crypto said:

    @jmlanzaf said:

    @Crypto said:

    @jmlanzaf said:

    @Walkerlover said:
    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

    $30 bucks or so.

    You sell slider Morgan’s for about melt?

    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

    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

    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?"

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • MsMorrisine
    MsMorrisine Posts: 40,041 ✭✭✭✭✭
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    can you get better photos with better lighting

    $5 is a rip

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • vplite99
    vplite99 Posts: 1,434 ✭✭✭✭✭
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    Amazing flea market find. I've only seen badly cleaned junk.

    Vplite99
  • JWP
    JWP Posts: 37,345 ✭✭✭✭✭
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    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

  • MFeld
    MFeld Posts: 17,132 ✭✭✭✭✭
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    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.

  • MsMorrisine
    MsMorrisine Posts: 40,041 ✭✭✭✭✭
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    i wouldn't try to learn from ebay

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • SoFlo
    SoFlo Posts: 564 ✭✭✭✭
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    If the seller was that ignorant, you should have offered him $4

    After all these years my wife still thinks I'm sexy. Every time I walk by she says "What An Ass"

  • MFeld
    MFeld Posts: 17,132 ✭✭✭✭✭
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    @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?

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

  • mirabela
    mirabela Posts: 5,199 ✭✭✭✭✭
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    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.

    mirabela
  • Married2Coins
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    @Martin said:
    I’m thinking go back to the flea market next week and see what he will pay for it. Just a thought😜

    Martin

    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.

  • Married2Coins
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    @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

  • mr1931S
    mr1931S Posts: 7,309 ✭✭✭✭✭
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    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.

    "Two things are infinite: human stupidity and the universe; and I'm not sure about the universe."
    -Albert Einstein-

    Mistakes are natural. But repeated mistakes without reflection are something else. That may be the “stupidity” he was referring to. In research, he admitted uncertainty openly. “If we knew what it was we were doing, it would not be called research, would it?” This shows humility. Even a Nobel laureate accepted doubt. That humility makes the quote less cynical and more observational.

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