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 Replies: 11 / Views: 1,122 |
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Valued Member
United States
125 Posts |
Based on these pictures, what grade would you give this 1904 Morgan and what would be a fair price to offer? A coworker of mine wants to sell it.  Edited by DobermanOwner
11/12/2012 3:58 pm
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Pillar of the Community
1283 Posts |
Without knowing the mintmark there is no way to determine its value. From the looks of it is nothing special maybe worth $30. Would prob grade around VF.
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Valued Member
 United States
125 Posts |
Grr!! For some reason my phone keeps uploading the same image twice, even though I'm choosing two different ones. I'll fix it when I get home to my pc.
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Valued Member
United States
125 Posts |
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Valued Member
United States
132 Posts |
Most 1904 dollars were poorly struck, and luster is key in collecting one. There is no mint mark displayed, therefor coming out of Philadelphia. I would agree, its probably around $30 or so. Unless it was a 1904-S, I wouldnt be too concerned with making a lot of money off of this one. -Dan |
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Valued Member
United States
125 Posts |
Thanks for the quick replies! I will let him know!
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Pillar of the Community
United States
1691 Posts |
common date lower condition 90% silver dollar about .75 oz at $33 and ounce = $27 IMHO  Edited by atlashealth
11/12/2012 8:30 pm
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Pillar of the Community
United States
5854 Posts |
I think $27-30 would be fair.
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Valued Member
United States
125 Posts |
 Here is the obverse. Sorry it took so long... Thanks again for the replies everyone! |
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Valued Member
United States
125 Posts |
I have another question... this one really isn't about grading though. Another co-worker of mine recently found his dad's old silver coins and brought them over. He had 250-300 silver coins. After I wiped the drool from my face and gave the coins a closer look, I noticed that about 99% of them were harshly cleaned (looks like someone took steel wool to them!). He had at least 75-100 Morgans in there, most of them were common dates at a quick glance. I'm assuming that these are only worth spot price now? Even if he had something more rare, would they still be only worth spot because of the scratches on them?
His coin collection has a pretty cool story, too. He said that his grandfather was developing some land in South Dakota when he dug up a chest. He opened it and found 1,000 silver coins inside. He took them home, his wife cleaned them up and divided them between their three sons. The other two sons (co-worker's uncles) sold their coins a long time ago for scrap, so only a third of the origional find is still around.
I thought that story was worth sharing. =)
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Bedrock of the Community
United States
14454 Posts |
if they are common coin and harshly cleaned then yes they will only be worth spot price now. It is not uncommon to find a whole collection like this where the person has scrubbed all numismatic value off of the coin because when they were put together they weren't worth anymore than face value anyway so they didn't really care what they did to the coins and they felt like shiny was shiny and looked better than a dull coin. I remember not to long ago that even dealers would dip a superbly toned coin because the toned coins wouldn't sell and the blast white ones would fly off the shelf. Now everyone wants the toned examples, its just the way the market changes throughout time
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Pillar of the Community
United States
1721 Posts |
If he's a real good friend you should be a pinch under 30 dollars. If he is an aquaintence and you want a good deal, I'd be around spot or just below. About 24-25 dollar range.
Just my 2 cents worth.
Too bad about the cleaning.
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Replies: 11 / Views: 1,122 |
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Posted 11/12/2012 4:00 pm
