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Replies: 17 / Views: 1,552 |
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Pillar of the Community
  United States
5191 Posts |
Quote: $54 is too pricey, IMO. I'd look for a better deal. What would you pay, if anything, for this coin?
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Pillar of the Community
United States
887 Posts |
Overall, It is a nice looking VF common date Morgan, I wouldn't pay more than $40 delivered. I will add that Greysheet retail for VF35 is $49. I see in ebay sold listings some XF holdered coins selling i$45-65.
Edited by adam126402 02/15/2025 2:32 pm
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Pillar of the Community
  United States
5191 Posts |
Apart from the high asking price, I think I see some wipes marks on Liberty's face as well. As a result, I will pass and look for a better, more affordable coin.
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Pillar of the Community
United States
1517 Posts |
Good choice passing. It has an old cleaning, 50/50 shot at straight grading. Also I don't think it has enough to make VF. F12
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Pillar of the Community
 United States
8775 Posts |
Quote: What would you pay, if anything, for this coin? Not much more than melt, which is about 25 bucks right now. Not a great date or a rare VAM and definitely not a high end coin. My 2 cents, that may not be made anymore. 
-makecents-
Edited by -makecents- 02/15/2025 8:45 pm
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Pillar of the Community
United States
2282 Posts |
Zero chance this is a vf coin, not sure how multiple people can think that.
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Bedrock of the Community
United States
36826 Posts |
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Pillar of the Community
  United States
5191 Posts |
Hopefully I will see some nice Morgan dollars with circulation cameo at the Long Beach Expo.
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Pillar of the Community
 Canada
5396 Posts |
Slides through for a VF20. Would likely straight grade as the old light cleaning is not too Bad!
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Bedrock of the Community
United States
10982 Posts |
15 years ago circulated, common date Morgans were easy to find for well under $20, sometimes $15. It's amazing what prices they bring today. I still wouldn't value that one over $30 today.
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Pillar of the Community
 Canada
5396 Posts |
They melt at over $26 . Arizona Coin is buying @ over $28 for Fines .
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Pillar of the Community
United States
4989 Posts |
Wholesale is about $35. About $25 of that is melt value so you're looking at a market numismatic value of about $10. It's not really appropriate for a dealer to slap more than 3-5% on top of melt but 20% premiums for numismatic value are common so I think a price around $40 would be reasonable if a bit high. Anything over $40 is IMHO a ripoff for something that is mostly a bullion coin.
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Bedrock of the Community
 United States
18684 Posts |
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Pillar of the Community
United States
3327 Posts |
This is an oval-O 1889 / VAM-2x. That makes it a Top-100 VAM. It would bring a little more because of that, but the listed price is still a little steep.
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Pillar of the Community
  United States
5191 Posts |
Price dropped to $46 delivered (free shipping). Seems reasonable now. Let's take a chance...
Edited by NumisEd 02/21/2025 10:21 pm
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