If you like the coin, then $33 is a reasonable price.
1921 is not only the last year of issue for the Morgan dollar, but the only year they were minted in Denver. So that particular coin has some extra history with it.
There is currently, a sight-unseen bid by a dealer at $35, so you certainly got the coin at a reasonable price, assuming you didn't pay too much for postage.
But, is it appealing and do you LIKE it? I ask that, because many times, those who focus on whether they get good deals or not, end up with not-so-nice coins and not-such-good deals, after all. Remember to enjoy what you're doing.
Hi and welcome to the forums. It seems like you got a good deal. The PCGS Price Guide lists a 1921-D in MS63 at $50.00. Remember, however, that these are "average retail" values. Some coins may be "Worth" significantly more or less than the value listed.
How did this coin appeal to you? Did you like the way it looked or was there another reason you chose it? Morgan Dollars are the coins I like to collect the most, so I was intrigued by your post.
You say that you're just getting started... Have you picked up any reference books? You should pick up a copy of The Red Book. It has a lot of information about US coins. Here is a good Website too.
Feel free to ask as many quesions as you like and once again, Welcome!!!
By the way, NewmisED, welcome back! That is, if you're related to NumisEd....
.....GOD
"Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
"Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5
"For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
If you mean the value of this set being as high as stated, then no. The statehood quarter collection has been graded by a service that most believe gives out WAY too many MS70 grades. You have to rember the old addage "If it sounds too good to be true, it probably isn't". If the set was in PCGS Holder, then perhaps. But even then remember that a coin is only "Worth" what someone is willing to "pay" you for it.
A little about me...I like to collect old memorabilia like old baseball and basketball cards music instruments coins and i have $7 dollars worth of old silver quarters 1935 and up that i had for 15 years. I also came across some old coins going threw some change like 1898 indian head cent. I like to treasure hunt at yard sales and flea markets. And is estate sales a good place to find coins
Welcome to the boards! Morgans were the first coins I started with (except for my pocket change) when I got into collecting. I guess the reason I started there was that was the first coin my parents gave me.
It was a 1921 Morgan that the doctor gave them when I was (as Dad called hatched) born. That old country dr used to give all new babies a Morgan dollar. When I joined PCGS it was my first coin to be sent for grading and it came back a MS61.
Anyway good luck and if you like the coin, pay what you want. Old addage goes a long way here, "Buy the coin, not the holder"!
One more piece of advice. Buy some coin books and read read read. Especially if you are going to frequent yard sales, flea markets and estate sales. All of these places can yeild coins, but you have to know what you are looking at, because they are also good places to get taken.
Buy a copy of the Red book, a copy of the ANA Grading guide. If you are going to collect Morgan Dollars pick up a copy of "The Comprehensive Cataloge and Encyclopedia of Morgan and Peace Dollars". It's well worth it's price.
Comments
Frank
If you like the coin, then $33 is a reasonable price.
1921 is not only the last year of issue for the Morgan dollar, but the only year they were minted in Denver. So that particular coin has some extra history with it.
My posts viewed
since 8/1/6
There is currently, a sight-unseen bid by a dealer at $35, so you certainly got the coin at a reasonable price, assuming you didn't pay too much for postage.
But, is it appealing and do you LIKE it? I ask that, because many times, those who focus on whether they get good deals or not, end up with not-so-nice coins and not-such-good deals, after all. Remember to enjoy what you're doing.
How did this coin appeal to you? Did you like the way it looked or was there another reason you chose it? Morgan Dollars are the coins I like to collect the most, so I was intrigued by your post.
You say that you're just getting started... Have you picked up any reference books? You should pick up a copy of The Red Book. It has a lot of information about US coins. Here is a good Website too.
Feel free to ask as many quesions as you like and once again, Welcome!!!
By the way, NewmisED, welcome back! That is, if you're related to NumisEd....
"Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
"Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5
"For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
If you mean the value of this set being as high as stated, then no. The statehood quarter collection has been graded by a service that most believe gives out WAY too many MS70 grades. You have to rember the old addage "If it sounds too good to be true, it probably isn't". If the set was in PCGS Holder, then perhaps. But even then remember that a coin is only "Worth" what someone is willing to "pay" you for it.
I like to treasure hunt at yard sales and flea markets. And is estate sales a good place to find coins
It was a 1921 Morgan that the doctor gave them when I was (as Dad called hatched) born. That old country dr used to give all new babies a Morgan dollar. When I joined PCGS it was my first coin to be sent for grading and it came back a MS61.
Anyway good luck and if you like the coin, pay what you want. Old addage goes a long way here, "Buy the coin, not the holder"!
Thanks
siliconvalleycoins.com
Buy a copy of the Red book, a copy of the ANA Grading guide. If you are going to collect Morgan Dollars pick up a copy of "The Comprehensive Cataloge and Encyclopedia of Morgan and Peace Dollars". It's well worth it's price.
Dan
When showing pictures of your coins, larger pictures are better for grading/attributing.
Tom