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 Replies: 18 / Views: 2,685 |
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Valued Member
 United States
218 Posts |
Very good to know and interesting. I am very new to this and I am sure my experience will involve dollars. Thank you for your time. Once I get it I will upload some more through images.
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Moderator
 United States
16679 Posts |
I'm going to move your post to the Classic US Coin Forum.
It appears you want more broader comments on your coin rather than a specific question.
Welcome to the CCF :-)
swcoin.ecrater.com
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Valued Member
United States
218 Posts |
Thank you and my apologies.
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Moderator
United States
16679 Posts |
No worries!
I also agree with denco7.
swcoin.ecrater.com
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Valued Member
United States
218 Posts |
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Valued Member
United States
140 Posts |
I am no expert on coins by no means, but I can share with you what I do know. It is a 1921 Denver Minted Morgan silver dollar. According to my latest 2013 Red Book it has a mintage of 20,345,000. That is alot of coins, however it is more rare than the 1921 Philadelphia and the 1921 San Francsico, making it the less common of the 3 minted that year. As far as Grades, I have no Clue. I would say it is atleast a MS-60 which according to my Red Book is around $48.00. Now I have learned threw this website not to trust Red Book numbers. If I were you I would get a more accurate grade and then look it up on ebay. If someone can grade it MS-65 your looking at about a $400.00 coin. Again I'm no expert just sharing what knowledge I do have in front of me. Hope this helps. |
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Valued Member
United States
218 Posts |
Thank you so much for your thoughtful and very informative reply. Side question: I thought The Red Book was THE book for prices. Why isn't it trusted? |
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Valued Member
United States
140 Posts |
Well, I purchased an NGC Graded Morgan dollar that graded MS64. I looked that coin up in my 2013 RedBook and it listed it at $95.00. I thought WOW!! What a great deal because I only paid $73.00 for it. Well when I went to the NGC website to look up the serial number on the coin or I should say the NGC number it listed the price being $75.00, which is two dollars less than what I purchased it for, and twenty dollars less than RedBook. After figuring all of this stuff out, I went on this website and asked a couple of older guys who told me that the RedBook is more like a gage I suppose of the coin, and its history as far as sales from the past and present. Just because the RedBook list it at that, doesn't mean it will go for that price. The best coin sheet that I have found, which I dont have because I'm not a dealer is the Dealer Price sheet which I believe comes out every week or two. In that dealer newspaper, it will tell the dealers excatly what to pay and sale a 1921D Morgan dollar for. How does it know? Because its a dealersheet that is up to date with current prices unlike the RedBook which is printed every year. |
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Valued Member
United States
218 Posts |
That makes a lot of sense. I guess it goes back to basic economics that anything is only as valuable as someone else's willingness to pay that price.
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Pillar of the Community
United States
1511 Posts |
Ya the RedBook is great for info, mintage etc but horrible for pricing. Its not that its not "trusted" its just that often the market changes by the time it was wrote to the time it was released. You have to remember that they research prices, write, edit, print, distribute etc is well before the "date" on the cover.. So by the time the book comes out many of the prices (that change quite often) are outdated.. Numismedia.com is the most used "go to" guide.. Fairly accurate but still on the high side. Numismedia also updates prices quite often and compares changes in pricing for every coin for the last month as well as the last year. You should be able to buy common coins for less than any guide lists with patience and knowing what to look for. But you also have to remember that nicely toned coins or coins with super eye appeal, as well as rare coins or rare varieties often sell for over price quids quotes.. As there highly sought after.. Basically the market decides the prices for rarities or coins with "monster" toning/appeal. The best way to find out real world, "now" prices is to check eBays completed listings, not the ones with unreal buy it now prices that didn't sell but the ones that actually sold.... That tells on what people are paying right here and now... Basically the "now" or "market" price if you will. As for your coin some better pics would help a bunch. I'm on the fence for your coin... I can't decide between AU or MS, though I'm leaning towards AU. 1921's are different than any other Morgan's to grade, after the break from 1904-1921 they changed elements of the design so you grade these entirely differently than you would a 1904 and pre.. I dont know if its your photos or the coin but I'm not seeing much luster and it appears to have circulated lightly. You can buy high grade examples of all three 1921's (even slabbed) for pretty cheap.. If you don't mind me asking what did you pay for this one? Edited by NathanASE
12/04/2013 9:32 pm
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Valued Member
United States
218 Posts |
Wow, thanks for the info. I bought a "three pack" 1921 P,D, and S. The P and S still have a lot of shine I think the P is the dullest of the three. For all three I paid $89 bucks. The pictures were taken in low light on my iPhone it was the best I could do... If I used too much light then you would see my phone reflection... The pictures, though the best I can, don't do a lot of justice in terms of it's shine.
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Pillar of the Community
United States
1053 Posts |
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Pillar of the Community
United States
8137 Posts |
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Pillar of the Community
United States
2311 Posts |
Looks like it might of been dipped. But I'm thinking it's your pictures.
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Valued Member
United States
291 Posts |
Looks like it's low MS or AU. Good starter Morgan(s) for your set. As for the Red Book, after five years of collecting (after a 30 yr break), I can honestly say I have no idea it's purpose. Dealers don't use it. Purchasers don't use it. Plus everyone acknowledges the prices are not accurate. |
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Posted 11/29/2013 10:12 pm
