Elvis Presley / Morgan Dollar ?

Your photos will likely suffice for ID purposes.

I don't know what that is -- no clue at all.

How big is it? It looks like someone took a Morgan dollar and encased it into some sort of rim with Elvis replacing the normal reverse of the coin.

If there is any gold involved it is probably a thin layer electroplated onto the base. That means it has no value because the cost to recover the gold would be greater than the value of the gold.

It's clearly been damaged and that leads me to believe that it was some sort of Las Vegas souvenir that wasn't taken too seriously.

To tell you the truth, I'd be shocked to learn it was worth very much at all. If the really is a Morgan dollar under that token -- that would have been worth something.

I don't know why the owner thinks that it is so valuable. You could check with an auction house to see if they have any information.

It is possible that Elvis had these made and gave them out personally and that would make it more valuable -- but not a million.

Hope that helps.

He told me it was gold plated one day then the next it was "your not going to believe this". I didn't but still I haven't been able to find another one like it. I'm sure someone will be able to i.d it.

Looks like a "hobo" silver dollar to me.

That is not even a real Morgan silver dollar, just a reproduction design. Based on the discoloration and pitting, the token has likely sustained some corrosion and environmental damage in the past and was then subsequently cleaned.

I haven't read all the responses yet but that doesn't look like a real Morgan dollar to me so I don't think it is an encased Morgan like mentioned. I am not sure what it is but am guessing it is just some private mint commemorative for Elvis and they just used the Morgan design for the Reverse of the coin (Or Obverse since they used the Obverse design of the Morgan and Elvis is on the Reverse)

Edit:

Hard to believe when we don't know what he said next..... It may have been gold plated but plating doesn't add many value to the coin/medal/whatever it is as the plating would be very thin


Edit#2: The only thing I could find about Elvis and Morgan was this


So about the only thing I can tell you about it is that its very crudely made and probably worth very little (even to a Elvis fan) because even people that like Elvis wants items that are nice looking and this isn't

It's not gold-plated, and certainly not solid gold - gold doesn't turn brown like that. Nor does it corrode, as this piece evidently has done. I'd say it's a cheap brass souvenir. Perhaps it was buried and dug up again a decade or so later and cleaned, making it look like that.

The "1935-1977" dates indicate it was made after his death; probably not shortly after, otherwise the piece would probably make some mention of the fact. I'd put it in the early to mid 1980s.

Hello and welcome.

Our opinion hasn't changed in 10 years. It's "just" a cheap souvenir medal, probably worth a few dollars back in the 1980s when it was likely made, and worth even less now that it's been corroded somewhat - or, in your case, turned into a necklace.

Hardcore Elvis fans who take a liking to it might pay a little more. But coin collectors won't.

Thanks!