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 Replies: 28 / Views: 2,597 |
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Valued Member
United States
89 Posts |
I have a question I could use your guys knowledge to help me figure out the best way to do this. My grandpa has a collection of graded Morgans and he wants me to trade them foe him for silver dollars is there somewhere that you guys know of that would exchange silver dollars for Morgans? I told him I would look into it for him I need to find a place where I could swap them for as close to even money as possible? Thanks for your help!
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Moderator
 United States
14463 Posts |
what type coin is he actually talking about trading for? cause Morgan dollars are 90% silver  |
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Valued Member
 United States
89 Posts |
Sorry he wants to get the 99.9% silver eagles
Edited by MikeBrax
01/07/2012 4:56 pm
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Valued Member
United States
89 Posts |
They are graded also the ones I have know are MS 62- MS 64
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Rest in Peace
United States
9104 Posts |
Most any dealer could make a trade, but keep in mind Morgans only have ¾ ounce of silver.
Who are they graded by?
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Pillar of the Community
United States
1510 Posts |
Its Just me--but Id keep the Morgans for the historical value... and BC I love Morgans
Retired USAF 1983-2003
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Bedrock of the Community
United States
14454 Posts |
I am guessing he is talking about Silver Eagles and its to bad you don't have enough posts on this board to do a trade with the members because I know most collectors would trade Silver Eagles any day for Morgans and not think twice about it. I am willing to bet that just about every member on this board has some silver eagles but not everyone has a MS-64 Morgan in their collection. All that being said it really depends on the grading company and the date/mm on how many silver eagles would be a good trade for each Morgan, But any dealer would be happy to do a trade but I would do my homework to get a price the Morgans are worth and how much each Silver Eagle is worth at the time and how many you should expect to get for each Morgan at the time of the swap to make sure you don't do your grandfather a huge injustice by trading one for one or anything. Again grading company and date/mm come into play here. For example if there is a 1878-s or 1879-S MS-62 Morgan in there then One Silver Eagle may be about all a dealer would give. But a 1878 and 1879 with no mint mark in the same grade may net you with two or three (especially since silver has taken a hit lately), and those numbers of ASE's go up with each grade |
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Valued Member
United States
89 Posts |
Right that is what I was hoping to do I am currently getting the value
Of the coins I just got them from him they were graded by ANACS.
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Moderator
United States
23522 Posts |
Keep in mind, the value of what you'd be getting is directly tied to the value of silver. The value of what you're giving includes collector interest as well as silver content, and will likely appreciate more in time than Silver Eagles will.
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Valued Member
United States
89 Posts |
I agree, but they aren't mine and he is going to give me a few each time I trade em for him. I thin the Morgans a GREAT looking coins.
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Valued Member
United States
126 Posts |
Why would he want to trade MS Morgans for Silver Eagles?
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Pillar of the Community
United States
1510 Posts |
 Thanks tex Retired USAF 1983-2003
Edited by Coinstar
01/07/2012 3:21 pm
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Valued Member
United States
89 Posts |
He tells me he is just not interested in a coins collectible value he just wants to have the silver maybe he thinks our economy is getting ready to fall apart.
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Pillar of the Community
United States
1510 Posts |
you got any dates and mint marks for these Morgans?
Retired USAF 1983-2003
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Valued Member
United States
89 Posts |
I will list the ones I have when I get home from work.
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Moderator
United States
23522 Posts |
Keep in mind, although MikeBrax hasn't even hinted at wanting to move these coins here at Coin Community - so he's not the intended reader of this post - he is ineligible to conduct commerce at Coin Community as a new member, and any attempt by a member to propose business with him will not be taken....kindly.
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Replies: 28 / Views: 2,597 |
Posted 01/07/2012 12:31 pm
