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Bedrock of the Community
United States
14454 Posts |
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Thanks alot..I heard they might go up to $75.00 a ounce so might wait to sell what you are not understanding is, the condition of a coin can make it worth allot more than melt value so selling it for melt will be like shooting yourself in the foot. Also there are the VAM factor. Some VAM's will raise the value ALLOT over the value of a another coin in the same condition and when you are talking about Morgans and Peace dollars they are all VAM's, but not all VAM's raise the value. Before I would ever think about selling I would learn to take clear pictures (sometimes even a scanner will do) and post them on this forum so not only can we give you a condition assessment but also may be able to tell you if you have any valuable VAM's which are rare that could make you allot more money than selling them for the value of the silver the coin contains. Even if silver hits $75.00 a ounce and you have a VAM-44 in MS-62, this coin would could sell for $17,000.00 (that is 17 thousand dollars) so as you see, selling it for melt would be a kick in the teeth, you understand what I am trying to say here? |
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Pillar of the Community
United States
709 Posts |
Important dates and mint marks to check for: These are Morgan dollars. no mint mark Morgan dollars are minted in Philadelphia, Pennsylvania. S mint mark is San Francisco, California. CC mint mark is Carson City, Nevada. O Mint mark is New Orleans, Louisiana. D mint mark is Denver, Colorado but you will find this only on 1921's. Give us your list, but start with 1878 first. We will be able to help you value your coins... |
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Valued Member
India
265 Posts |
if you want to sell your silver coins now, then do some research by your self. Get a catalog, or use any website. First gain knowledge on the subject, try to separate them in to years, mint wise, grade wise, get their km numbers and then take a sample coin to your nearest coin dealer and ask how much he would offer for the coin. Do your maths in your mind, if it is worth, you can sell, you can even use e bay for instance to check current prices. If you think the dealer is not offering any price close to your expectation, you go home.
warm wishes.
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Pillar of the Community
United States
3076 Posts |
As you have had these for sooo long, I would STRONGLY advise you as others are now doing..Take the time to KNOW WHAT YOU HAVE....Morgans are one of the top collected series.....Worth more than Melt prices...If melt went up. SO DOES the values of the coins....Granny sold her feather bed with the frame for $100 bucks, what a steal she thought.."  What a price for and old feather bead" and the buyer  thought..WHAT A FRAME($5,000 antique bed) You really need to look at what you got and post some pictures...Many here will help you from being taken advantage of, because you don't know what you have... |
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Bedrock of the Community
Australia
21788 Posts |
All of the advice before mine is excellent.
Each is, by inference, is trying to get good value for your coins, but they are also trying to engender some interest within you to keep the good ones, perhaps, and become a coin collector.
If that is the track you go down, you won't be disappointed. There are a lot of folks on this Forum that have a lifetime interest in coins.
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Pillar of the Community
United States
3076 Posts |
Perhaps I am miss-understood....I infer no approach to buy any of his coins..as many here also do....We do not like to be TAKEN ,due to his lack of understanding....but rather to inform him of how he can be taken....and to equip him with some knowledge so HE can chose his own path...Not mine, not there's...
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Bedrock of the Community
United States
14454 Posts |
Quote:
I infer no approach to buy any of his coins..as many here also do. No one has said nor have I seen anyone here say anything that would make me think they were trying to purchase his coins from him, and believe me I watch these types of posts closely because it is clearly against the rules of this forum. We have all just tried to educate him that instead of just thinking his coins silver value they may also have numismatic value that can outweigh its silver value |
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Pillar of the Community
United States
3076 Posts |
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Valued Member
United States
133 Posts |
Since you mentioned "60s", "1879 through 1925", and "tips", it leads me to believe they are all in circulated condition and were used as gaming tokens, therefore I would find it difficult to think that any of them are in MS condition, so bargain bucket comes into my mind. Any of them being worth a great amount of money is possible but not very probable. I have looked at casino dollars before and the majority of them are very beat up from a collectors point of view. Can you sell them and make life a little nicer --yes, can you retire-- only for a month or two. There will be people on here who disagree with me and my advice to you would be hunt them down and sell those circulated coins to them.
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Pillar of the Community
United States
3076 Posts |
 They may be well circulated coins but pictures will tell the story....Post some pictures and a list of year and mint so those with more experience can let you know if you might have any key or semi-key coins...Its all good info... |
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Bedrock of the Community
United States
14454 Posts |
you also have to remember, there are some VAM's that are unknown in UNC condition so if they are circulated so what, so are all the others that are that VAM, so that has no bearing on what we are talking about because we aren't talking about high grade MS-69 Morgans we are talking about particular VAM's that can make the coin worth allot more than the silver content is worth |
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Valued Member
United States
171 Posts |
Temmuko, I normally wouldn't do this but you sound like you need some help and I am a really nice guy, and really good at cons...errrrr....coins. Send a private message to me and I will give you my street address. You ship those coins to me and I will look up their value for you.....free of charge. Oh and uh don't worry about including a return address  |
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Pillar of the Community
United States
1424 Posts |
selling Morgan dollars for silver value is like selling cars for scrap metal value....would you sell your car for $150? |
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New Member
 United States
3 Posts |
Wow, all this info..my mind is spinning..First Off I am a Women..ok not up on all the Coin Lingo, but I will try..First I want to go talk to a local Coin seller, bringing my list so he can tell me what coins to look at, but first I want to store them better..they have been in a coffee can wrapped in plastic. Are the albums ok, or do I need to buy something more air tight or are the cardboard flips ok?
Since I counted them, still haven't looked for the Mint sign.need a magnifier..eye's not to sharp. To the poster that said he has looked at casino coins, you have to remember some of these people that I waited on were bringing in some of their coins to blow because they were broke.LOL Alot of them are very fine, I know that much.
I have 97 Morgans from 1878-1901
So Thanks again
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Pillar of the Community
United States
3076 Posts |
 to the forum...  , it does take time and there is a lot of info. it can be over whelming....Just take some time, you have had them for some time....so you have time to wait to figure out what you have  ..Good bad or ugly.. do some research on how to post photo's here.. that's a good start.. That will help the forum which is comprised of many people..get an idea of what you have and how to help you...Take care....  |
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Posted 01/11/2011 5:04 pm
WE here do not profit, from your coins,,,,,yet hope to enlighten you to what you have,,,Post some pictures....
