Posted 02/05/2012 3:09 pm
Welcome to Coin Community, colterneely. You were not led astray by the person who told you they have value. Both are among the very rarest of Morgans, and carry considerable collector value.
Unfortunately, they both look polished, which significantly reduces that value. Another consideration is that both are rare enough to have inspired counterfeits over the years, although under the circumstances I'm inclined to believe that yours are genuine. I see no obvious evidence of a counterfeit.
Now. The 1893-S is rightly called the "King of Morgans," as it's the single rarest in the series. Even heavily-worn and polished as yours is, it's probably worth on the order of $1000. The 1894, perhaps $400. Each of those numbers has been reduced by half because of the cleaning - the 1893 is a $2000+ coin in original condition. It is imperative that these be authenticated and encapsulated by one of the reputable third-party graders, PCGS, NGC or ANACS. If your intent is to liquidate them - and be aware that our rules allow no such offers on the part of new members - they should be offered through one of the major coin auction houses, because they're upper-tier coins which need an upper-tier audience to fetch an appropriate price.
Could I see the reverse of the 1894?
Please ask any question which comes to mind. I suspect this thread will get a lot of attention.
Unfortunately, they both look polished, which significantly reduces that value. Another consideration is that both are rare enough to have inspired counterfeits over the years, although under the circumstances I'm inclined to believe that yours are genuine. I see no obvious evidence of a counterfeit.
Now. The 1893-S is rightly called the "King of Morgans," as it's the single rarest in the series. Even heavily-worn and polished as yours is, it's probably worth on the order of $1000. The 1894, perhaps $400. Each of those numbers has been reduced by half because of the cleaning - the 1893 is a $2000+ coin in original condition. It is imperative that these be authenticated and encapsulated by one of the reputable third-party graders, PCGS, NGC or ANACS. If your intent is to liquidate them - and be aware that our rules allow no such offers on the part of new members - they should be offered through one of the major coin auction houses, because they're upper-tier coins which need an upper-tier audience to fetch an appropriate price.
Could I see the reverse of the 1894?
Please ask any question which comes to mind. I suspect this thread will get a lot of attention.
