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 Replies: 36 / Views: 6,087 |
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New Member
 United States
11 Posts |
In reviewing this link, I see the 1901 Morgan worth $325,000 was to have no mint mark, and of course ours has an "O" for New Orleans. What's interesting is most dealers seem unaware of the value of a no mint mark 1901 Morgan, simply stating that there were millions minted so it's not worth much. I guess this says that either few dealers have the most valuable coins list memorized, or they don't want to admit they do. It seems to be fair to the estate, one of us should go through the silver halves, quarters, and dimes to see if some are worth way more than melt. The beneficiary who wants to buy at melt value seems to be pushing for us to sell, but I don't think the estate needs to be in a hurry, and could always sell when these coins are reviewed. If the beneficiary gets miffed and decides not to buy, we can always sell to the hole in the wall dealer at melt value. |
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Rest in Peace
United States
10625 Posts |
All coin dealers are aware of the value of the 1901 Morgan dollar minted by the Philadelphia mint ( no mint mark). This coin is a conditional rarity as very few uncirculated specimens survived the Pittman act melt down. It is, however, a very minimal premium coin in low to mid circulated condition. |
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Pillar of the Community
United States
4409 Posts |
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don't think the estate needs to be in a hurry Smart thinking on your part. Definitely take your time and determine what coins you have. Once you've figured out what you have post a list of date and mint marks here and members will be able to assist you in determining value, etc. -MV |
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New Member
United States
11 Posts |
Thanks for your help so far. I'm starting a list of coins worth more than melt value, and will post here when more complete. Is there a section I should read on how to post spreadsheets and pictures.
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Rest in Peace
United States
10625 Posts |
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Pillar of the Community
United States
1234 Posts |
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I'm starting a list of coins worth more than melt value
- I'm a complete novice Please post a complete list of all coins, if you are a "complete novice" then how can you determine the value of a coin? FAMILY HATRED after the Death of a Coin Collecting Loved One:If cousin A wants to buy them from the estate for melt- ish and you toss them all into a 'hole in the wall' (even if they are all worth nothing much more than melt) then you might want to get a good guard dog that will let you know when cousin A is coming after you. I went into my local coin shop once and there were a couple in there with grand-dads collection I heard them flat out say that one of the relatives wanted to have the coins as their part of the split but this couple had decided to just sell it all off and toss the cash into the kitty.   I didn't say anything because I didn't want to get a lifetime ban from the place  but inside I was JUMPING AND SHOUTING! ! ! All I could think was... "Watch out at Thanksgiving and Christmas dinner" Here is a 'Crazy' idea... after you have found out what is not worth much more than melt take all those coins and split them up amongst the grand/great-grand kids... take the percentage out of their parents cuts. Then make presents of them for the next year's (or several depending on the size of the family and the size of the stack  ) birthday and Christmas... and the card can read "From Gramps from beyond the grave" or "From Beyond the Grave: From Gramps"(OK maybe not that macabre) This way some of them might become collectors, then you can tell them about the  CCF  |
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Valued Member
United States
199 Posts |
Like what other had mentioned, the coin condition or grade makes a big difference in price.
Compare your coin with this link below to estimate the condition or grade.
(052) Not Allowed - Auto-Removed .com/How_To_Grade_Morgan_Dollars.html#.U4fJTPldVyI
With your estimated grade, look at numismedia.com for a ball park figure.
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New Member
United States
11 Posts |
Thanks again for your comments. Since at last count we had silver coins totaling about 60 halves, 250 quarters, and 250 dimes; it might take awhile to list them all. However it might be easier to list dates and mints (and maybe how worn),rather than try to evaluate each coin against a most valuable list. Once in spreadsheet form it would be easier to post the list here and/or cross-reference against a most valuable coins list. So I'm now thinking more along the lines of your suggestions. Although it seems daunting, it might be easier to just list them all. Also, with hundreds of silver coins, even though you don't find a most valuable one, you might find quite a few that are higher than melt value. Since the one beneficiary who wanted to buy the silver at melt value, also likes guns, I'm glad we didn't sell them to the hole in the wall dealer at melt value. Aslo, this list would be a valuable impartial source to evaluate the silver. Once evaluated, selling them at anywhere near their value might be the next challenge.
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Pillar of the Community
United States
4409 Posts |
Yes, creating a spreadsheet of the date, mint mark and quantity would make it easier for you to keep track of what coins are in the collection. For example if you had silver Roosevelt dimes: 1946-D 2 1947-S 4 1948-P 1 1949-D 2 1951-P 8 and so on Do you have access to a RedBook? It has pictures of where the mint marks are located on the coins if you're not sure where to look. The prices in it are outdated, but the basic info is the useful part. -MV |
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New Member
United States
11 Posts |
*** Edited by Staff - Please Review the rules that you agreed to when you registered. ***
specifically the Buy/Sell/Trade section
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Pillar of the Community
 United States
1551 Posts |
As a primary collector, I can't even begin to count the number of folks coming into a brick and mortar coin shop that had a Red Book price guild. What is more common is that many jump right to the MS-65 pricing in this book. Understanding how to grade a coin is very important! Understanding grade sensitivity is just as important. An 1880 P Morgan dollar in AU Almost Un-circulated condition is a 20 something dollar's coin and if its a "CULL" meaning wiped or cleaned the value drops into the teens. This same coin in MS-66 can sell for 3,200.00 to 3,500.00 If a coin is "Really Shinny" all over it has about 99.9% chance of being cleaned "never a good thing" If a nice coin has even a little spot of ware and no wipes its an AU coin by most standards. Understanding the basic grading standards and removing and "Personal hopes on value" is the key to looking at any coin. For the novice, the "Personal Value or Hopes" are sometimes impossible for the person to be objective. This forum is here to help people just like yourself. A better part of 90+% of the members are collectors, and have "No vested interest in your coin" But for anyone here to try and give you a value that would even be close to correct. We would all need to see high resolution photos of each coin with good lighting.Edited by twohawks
06/05/2014 12:30 am
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New Member
United States
11 Posts |
I realize it is difficult to evaluate a coin without pictures, but wondered if it would be possible to get ballpark evaluations for the following estate coins:
1901 O Morgan Silver Dollar
1921 Morgan Silver Dollar
1922 Peace Silver Dollar
1923 Peace Silver Dollar
1926 S Peace Silver Dollar
1964 Kennedy Half
1964 Kennedy Half
1964 Kennedy Half
1964 Kennedy Half
1964 Kennedy Half
1964 Kennedy Half
1964 Kennedy Half
1917 Walking Liberty Half
1934 Walking Liberty Half
1935 Walking Liberty Half
1936 Walking Liberty Half
1937 Walking Liberty Half
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1908 D Barber Half
1912 Barber Half
1897 Barber Quarter
1907 Barber Quarter
1908 Barber Quarter
1915 Barber Quarter
1930 Standing Liberty Quarter
1937 Standing Liberty Quarter
1877 Seated Liberty Quarter
1942 P Jefferson War Year Nickel
1943 P Jefferson War Year Nickel
1943 D Jefferson War Year Nickel
1944 P Jefferson War Year Nickel
1945 P Jefferson War Year Nickel
1910 Liberty V Nickel
1912 Liberty V Nickel
1912 D Liberty V Nickel
1912 Barber Dime
1937 S Mercury Dime
1916 Mercury Dime
1917 Mercury Dime
1918 Mercury Dime
1919 Mercury Dime
1924 Mercury Dime
1926 Mercury Dime
1928 Mercury Dime
1934 Mercury Dime
1935 Mercury Dime
1936 Mercury Dime
1937 Mercury Dime
1938 Mercury Dime
1939 Mercury Dime
1939 D Mercury Dime
1940 Mercury Dime
1941 Mercury Dime
1941 D Mercury Dime
1941 S Mercury Dime
1942 Mercury Dime
1942 D Mercury Dime
1942 S Mercury Dime
1943 Mercury Dime
1943 D Mercury Dime
1944 Mercury Dime
1944 S Mercury Dime
1945 Mercury Dime
1945 S Mercury Dime
1937 D Buffalo/Indian Head Nickel
1910 Lincoln Cent
1912 Lincoln Cent
1937 S Lincoln Cent
1937 D Lincoln Cent
1971 Lincoln Cent Masonic
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Pillar of the Community
United States
1234 Posts |
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ballpark evaluations these are the low-ball prices I would have to pay at my local coin shop for each of these Silver Dollar 20-22 Silver Half Dollar 9-10 Quarter 4-5 Dime 1.75-2 Silver War Nickel 1.25-1.50 Non silver Nickels 2-3 Lincoln Cent pre 1930 25 cents each, post 1930 5 cents each 1971 Lincoln Cent Masonic... worth a cent, maybe more if you take it to a coin show and con someone into thinking it magical SO to break it down (using the high end)... Silver Dollar- $110 Silver Half Dollar- $140 Quarter- $35 Dime- $58 Silver War Nickels- $7.50 Non silver Nickels- $11 Lincoln Cent- 60 cents maybe a dollar So around $362 of course this all depends on condition, it might me much lower. Interesting no Roosevelt dimes or Washington quarters? There are some Key dates there too. Speaking of quarters... the last SLQ was made in 1930 |
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Pillar of the Community
United States
1551 Posts |
If all of the coins are Circulated then unless there is some rare die type on one of the coins I would air on the low side. They look to be common date coins and Un-Circulated coins are not hard to fine in mid MS grades fairly cheep. That make the Circulated ones fare less in demand.
Edited by twohawks
06/05/2014 2:05 pm
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New Member
United States
12 Posts |
Hi, I'm new here. Have to agree that the best way to evaluate the coin would be to post obverse & reverse pictures. You can also have the coin looked at by a professional grader.
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Replies: 36 / Views: 6,087 |
First Page
Posted 05/27/2014 12:09 pm
