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 Replies: 11 / Views: 1,528 |
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New Member
United States
14 Posts |
Hey! First time post with a very important question...
I recently acquired a rare coin (Morgan 1888 - O) in XF to AU condition. A dealer was going to offer me $500 for it until he saw that there were two small marks on the top of the reeded edge (very small, not even noticeable at first), and thought that it meant it was used to be in jewelry. He then told me that the coin was worth close to nothing...
Is this true? I sent it off the NGC to get it certified anyways just in case..
Thanks in advance!
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New Member
 United States
14 Posts |
sorry I don't have pics. But in general, if there are two small nicks on the reeded edge that might indicate it used to be on a necklace (he was 90% sure it was), is the coin completely worthless?
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Forum Mom
 United States
5877 Posts |
There is always at least intrinsic value with Morgans because they are 90% silver. Without pictures, though, the actual value of the coin will not be able to be determined.
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New Member
United States
14 Posts |
what if it weren't a morgan. say it was just another coin that had been placed in a necklace but since removed with minimal damage. would it still be worth something?
anyways I sent it off to NCG for certification, what will it say when it gets slabbed?
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New Member
United States
14 Posts |
i actually have another very rare chinese coin (~800 on ebay) that has the same problem. which is why I'm asking :P |
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Valued Member
United States
115 Posts |
It's still worth something. Are you sure it's an 1888-O?. The dealers first offer sounds high unless it is a DDO. |
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Pillar of the Community
United States
2130 Posts |
 to CCF! The 1888 o Morgan is a common date piece & is worth $30+/- in AU condition. There is a 1888 o that is worth $350 - $900 in XF - AU & that is the Dbl Die obv., This is called Hot Lips Variety.(These are Red Book prices). Edited by chris12018
09/25/2012 06:50 am
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New Member
United States
14 Posts |
Idk what the Morgan was.. I'm going to keep it regardless. I'm actually much more interested in the chinese coin worth 800 on ebay. Can someone please tell me if it still has value if it was used in jewelry (two small indentations on the side of the reeding)? I sent it off to NGC to get slabbed but what will they say? |
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Pillar of the Community
United States
2936 Posts |
The other possibility is that it could be the VAM-7A "Shooting Star". I have one for sale currently on The Bay...  |
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Bedrock of the Community
United States
12437 Posts |
Quote:I'm actually much more interested in the chinese coin worth 800 on ebay. Can someone please tell me if it still has value if it was used in jewelry (two small indentations on the side of the reeding)? That is impossible to say without pictures. For all we know, it is a worthless modern Chinese counterfeit and NGC will refuse to slab it. |
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Valued Member
United States
366 Posts |
Pictures! An 1888-O isn't a key date in circulated condition so I am assuming it's a rare VAM... Hot Lips or LDS scar face? |
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Pillar of the Community
United States
1227 Posts |
I'm going to call shenanigans on your dealer, Roger. Two teensy-tiny, barely-visible marks? That shouldn't even bump it from XF down to F, much less make it worthless.
As noted above, Morgans are 90% silver and will always be worth at least spot, even if they command no premium.
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Replies: 11 / Views: 1,528 |
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Posted 09/25/2012 06:08 am
