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Best Way To Sell These Morgan And Peace Dollars

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United States
3 Posts
 Posted 09/29/2012  09:05 am Show Profile   Bookmark this topic Add gatornick to your friends list Get a Link to this Message Number of Subscribers
My dad's friend asked my opinion on how best to sell these coins. From my limited knowledge the 1921 Peace looks to be the only one that is not common. Is it worth anything? What could she expect to get for these and what would be the best way to sell them? Is she looking at under spot for the common ones or do these dollars go for a slight premium? Any help would be appreciated. Thanks, Nick.

Best-Way-To-Sell-These-Morgan-And-Peace-Dollars

Best-Way-To-Sell-These-Morgan-And-Peace-Dollars

Best-Way-To-Sell-These-Morgan-And-Peace-Dollars

Best-Way-To-Sell-These-Morgan-And-Peace-Dollars
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bradsbrewer's Avatar
United States
89 Posts
 Posted 09/29/2012  12:05 pm  Show Profile   Bookmark this reply Add bradsbrewer to your friends list Get a Link to this Reply
From my estimations, you should get a slight premium, even though they aren't very uncommon. I've come to find, most Morgan's and most Peace dollars on ebay go for right at $30 or more... not counting the shipping. So, that would still be a little premium. I would probably sell them individually on ebay.
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SDcoinguy's Avatar
United States
2424 Posts
 Posted 09/29/2012  12:46 pm  Show Profile   Bookmark this reply Add SDcoinguy to your friends list Get a Link to this Reply
i would say the morgans and Peace dollars would go for $30 as well.. EXCEPT for the 1921 Peace dollar. that one you have there is RARE and depending on the grade would fetch possibly $100 or more.
Valued Member
United States
200 Posts
 Posted 09/29/2012  1:06 pm  Show Profile   Bookmark this reply Add lincsus to your friends list Get a Link to this Reply
Around 30 each coin seems about right for ebay. But then you have to pay ebay and paypal fees. If you can find a local buyer, that would be perfect. Or you could find some interested members on the forum.
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SDcoinguy's Avatar
United States
2424 Posts
 Posted 09/29/2012  1:15 pm  Show Profile   Bookmark this reply Add SDcoinguy to your friends list Get a Link to this Reply
also, the mint mark on the Peace dollars can be found on the reverse just below the word ONE
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johnny54321's Avatar
United States
4849 Posts
 Posted 09/29/2012  1:42 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list Get a Link to this Reply
Agreed, these will all fetch a small premium over melt on ebay. I would sell them all as a group, except the 1921 peace and Eisenhowers. That will minimize shipping and listing costs, and I think they will actually net you more that way, even if the overall price is slightly less than selling them one at a time. Also, it saves a lot of time that way. The 1921 peace, sell it individually....and I would just spend the Eisenhowers as currency, not worth selling. If you decide to split them up further, I would group the peaces together into a lot, and group the morgans into a lot.
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Bryan1315's Avatar
United States
14454 Posts
 Posted 09/29/2012  3:15 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
To be honest if you can find a dealer that will pay you spot for the common coins it may be best to go ahead and sell to them. You will skip the ebay and paypal fee's and you will not have to ship anything (if you ship free, so that would come out of my winnings as well) packaging material and the worry of it making it to the buyer which I worry about every time even though I have never had one lost myself but I ALWAYS use signature confirmation when selling a coin so the postal worker doesn't just leave it at the mail box or stick it in his pocket or drop it in the drain and instead of getting it out just say it was delivered. If I were to sell on ebay I may sell them in lots of 5 or so that way the package would be worth adding the signature confirmation to and less shipping material. I know others may disagree with this method because I usually sell higher priced coins on ebay myself (with a value of $200.00-$1500.00) and that is all I have to base my opinion on. The 1921 Peace dollar could be sold individually as it should bring close to the 100.00 range as was stated above. If you do go the ebay route be sure to take very good shots of each coin Obverse and Reverse (not a batch photo like you have above) because that may bring a whole different type of buyer in the fold called the VAM collector, with clear shots they can see what VAM the coin is and if it is one they want or need they will pay more than you would ever get out of the coin if it wasn't that VAM. So if you take a poor pi8cture where they can't make out the details to be able to attribute it then you will definitely get at the bottom of the value range for the coin.


This being said, I would like to see you post a better picture of that 1921-P Morgan in the first picture on the far right side. It looks like something on the rim of the Obverse around the "E" of E PLURIBUS and it may be a small Cud or some type of damage. WE have at least one 1921 VAMmer on this forum that may be able to tell you what VAM that one is and if it carries any premium over any other 1921 Morgan in that condition before you go to sell it
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 09/29/2012  3:52 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
This being said, I would like to see you post a better picture of that 1921-P Morgan in the first picture on the far right side. It looks like something on the rim of the Obverse around the "E" of E PLURIBUS and it may be a small Cud or some type of damage. WE have at least one 1921 VAMmer on this forum that may be able to tell you what VAM that one is and if it carries any premium over any other 1921 Morgan in that condition before you go to sell it




In addition, have a look around the mint mark of the 1900-O. There are a few varieties of this coin which have the New Orleans mint mark punched over a Carson City mint mark - dies got transferred between the two places - and those are varieties which might generate enough individual interest to justify selling the coin individually on ebay.

1921's, similarly, have a few varieties which could make the coin stand out. Look for pitting on the reverse, in the area underneath the tailfeathers and around the lower lettering. Compare the reeding of them - if you stack them, and find a coin whose reeding is noticeably fewer than the others like so (center coin):

Best-Way-To-Sell-These-Morgan-And-Peace-Dollars

....there is probably additional value to be squeezed out of it, as well.
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basebal21's Avatar
13014 Posts
 Posted 09/29/2012  4:25 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Id shop them around. If you have a local dealer it doesn't hurt to see what theyd offer. Almost always though youd get more money on ebay for them. With the fees you lose 13% but giving up 3.40ish on a 30 dollar sale is still better than accepting a 20 dollar offer from a dealer
Pillar of the Community
United States
3184 Posts
 Posted 09/29/2012  4:28 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
sell them here, people would give you more than a coin store, pawn shop, etc
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SteveCaruso's Avatar
United States
1796 Posts
 Posted 09/29/2012  4:35 pm  Show Profile   Bookmark this reply Add SteveCaruso to your friends list Get a Link to this Reply
I'd also run a magnet over all of them, too, and see if anything sticks.

Although the images are too low-quality to be sure, the middle 1923 Peace dollar in the second-to-last picture seems to be missing the bridge of Liberty's nose and has a very weak reverse which is a common sign for counterfeits of that year.

Also, could I see a bigger image of the mint mark on that 1900-O Morgan?
New Member
United States
3 Posts
 Posted 09/30/2012  4:38 pm  Show Profile   Bookmark this reply Add gatornick to your friends list Get a Link to this Reply
Thanks for all the great info. I will definitely get more close up pictures as requested, but it will probably have to be tomorrow. The info on the varieties is very interesting. I never would have thought about common dates being fakes, I will also check for that and let you guys know. Thanks again.
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rachums107's Avatar
United States
3345 Posts
 Posted 09/30/2012  5:59 pm  Show Profile   Bookmark this reply Add rachums107 to your friends list Get a Link to this Reply
@steve- if you compare the reverse of that 1923S with its obverse, the wear is about the same, justifying the missing nose bridge. I dont think its counterfiet, but its too hard to tell from those pics anyway
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