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Question On My Morgan And Peace Dollars

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New Member

United States
18 Posts
 Posted 02/09/2013  07:15 am Show Profile   Bookmark this topic Add bubbat to your friends list Get a Link to this Message Number of Subscribers
Hi guys,

I'm new here and as I put in my introduction I'm not a collector, but an accumulator.

My accumulation resurfaced last week and I began the search to see what I had. I have 7 Morgans and 5 Peace dollars. My internet search totally confused me. I was wanting to see what they might be worth. Naturally I found two different opinions.

I then decided to go to some local coin shops and the confusion continued. One guy just basically gave me the melt down value. The second shop looked and told me if I wanted to sell they would give me $150.00. This figure wasn't just for the dollars, it also included some dimes and quarters. I immediately knew they were blowing smoke. I might have been born at night, but wasn't last night.

Yesterday, I went to one site I had found that gave the current melt down price. Just at that they totaled up to $328.19 at the close of the market yesterday. I know that if a dealer was to buy them they want to make a little too and I understand there are no free lunches.

In the dollars, I have found in my internet search, the two sites although conflicting say that four of my dollars should be worth significantly more that than the melt down price.

Can y'all aim me in the right direction?

Thanks,

Bryan
Pillar of the Community
United States
759 Posts
 Posted 02/09/2013  07:25 am  Show Profile   Bookmark this reply Add OneBowl to your friends list Get a Link to this Reply
You'll need to post dates and mint marks, and after that, probably pictures of a few. When posting a list, let us know if any appear to be mint state to you (uncirculated). That will at least be a start.

BTW, welcome!
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CoinsKelly's Avatar
United States
3453 Posts
 Posted 02/09/2013  07:28 am  Show Profile   Bookmark this reply Add CoinsKelly to your friends list Get a Link to this Reply
!

Date, grade and variety can play a part in whether or not there is a numismatic premium on your coins. I would suggest posting the dates of each of the coins and the members that specialize in those coins can let you know what to look for. Or you can post pictures (front and back) of each of them for opinions. This should give you a general idea of the best way to dispose of them if that is what you are looking to do. Pictures will be the fastest way to get answers to your questions.
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noahs-numismatics's Avatar
Canada
3167 Posts
 Posted 02/09/2013  09:46 am  Show Profile   Bookmark this reply Add noahs-numismatics to your friends list Get a Link to this Reply
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Broken-Coin's Avatar
United States
1812 Posts
 Posted 02/09/2013  10:05 am  Show Profile   Bookmark this reply Add Broken-Coin to your friends list Get a Link to this Reply

Maybe if you change from accumulator to collector, and post clear photos of your coins here, your coins will be worth more then what you were offered.

When you have enough posts to sell your coins here, without a doubt you will do better then selling them at a coin shop or some fly-by-night scamers that work out of Hotels twice a year.
New Member
United States
18 Posts
 Posted 02/09/2013  10:13 am  Show Profile   Bookmark this reply Add bubbat to your friends list Get a Link to this Reply
Thanks guys. Y'all told me about what I expected to hear. I'll see if I can post some pictures.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 02/09/2013  2:01 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
I'll see if I can post some pictures.


Please do, but if that proves difficult, at least list dates and mint marks. We could then possibly give you some hints as to what to look for in an added-value variety.
Valued Member
benchfreak221's Avatar
United States
123 Posts
 Posted 02/10/2013  08:48 am  Show Profile   Bookmark this reply Add benchfreak221 to your friends list Get a Link to this Reply



New Member
United States
18 Posts
 Posted 02/10/2013  09:53 am  Show Profile   Bookmark this reply Add bubbat to your friends list Get a Link to this Reply
I'll see what I can do on the pictures. Of course I'll have to study up on how to do the pictures. Then there is my bare bones basic photo equipment. I had tried to take close ups of other things this week and some came out and some didn't. If I'm not able to get any good shots I'll list what I've got, but I hope the photos will come out.

One other question though. In my internet research I found where someone said not to polish your old coins. Is that true? Some have a fair amount of tarnish naturally.

Thanks,

Bryan
New Member
United States
18 Posts
 Posted 02/10/2013  10:45 am  Show Profile   Bookmark this reply Add bubbat to your friends list Get a Link to this Reply
Since you guys are my first contacts here I've got another question. I've been probing around on the site, being new and I don't see anything specific to gold coins in general. I don't have any unfortunately. I wish I had a feed sack full of them. I do have a question or two about them. Can y'all point me in the direction?
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 02/10/2013  2:09 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
I do have a question or two about them. Can y'all point me in the direction?


Use whichever forum relates to the mintage date of the coin(s) in question - Modern US coins, Classic US coins, or whichever World forum relates to the country of origin. It's OK (indeed, preferred) to ask about multiple types in a single thread, and you'll find gold specialists in each forum.

As well as people like me who know next to nothing, yet stayed at a Holiday Inn Express recently.
New Member
United States
18 Posts
 Posted 02/17/2013  06:48 am  Show Profile   Bookmark this reply Add bubbat to your friends list Get a Link to this Reply
Hi guys.

I still haven't gotten to the pictures yet. I'll just post a list.

I know there's probably nothing spectacular here, but here they are. All with no mint marks.

Morgan

(1)1887
(1)1899
(5)1921

Peace

(4) 1922
(1) 1924
(1) 1928


Valued Member
United States
171 Posts
 Posted 02/17/2013  08:34 am  Show Profile   Bookmark this reply Add Eklections to your friends list Get a Link to this Reply
Check the date closely on the 1928 Peace dollar. I've had a few 1923's that look like 1928's and there is a huge difference. The 1928 is the key date in the series with a significant premium. Post a picture when you can.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 02/17/2013  3:24 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
One quick hint: stack the 1921's and compare the reeding. If you see one which has noticeably wider reeding than the others, you've got something there.
New Member
United States
18 Posts
 Posted 02/19/2013  06:50 am  Show Profile   Bookmark this reply Add bubbat to your friends list Get a Link to this Reply
Thanks guys,

I was out Sunday and forgot to check in yesterday. I'll check them out and work on the pictures today. I'll have to dig them out of my safe keeping.

I knew from my preliminary research that the 1928 had some value, and I believe the date is plain as day and in good condition. I had made a list and keep it by the computer. That's what I used to give y'all what I have.

In my first research I used the pictures on one site and I graded it as Fine comparing it to their pictures. I'll also look at the 1921s.

I knew I was dealing with crooks at the local shops I visited with no intention of doing business with them. I figured what happened would and did.

One guy was busy and I just browsed around. I thought it was funny that he had all these coins in display cases I assumed to sell, and not a single price. He didn't have a museum sign anywhere.

Y'all correct me if I'm wrong. Silver meltdown value may go up and down with the market right, but the collector value wouldn't it kind of already be established? He had all the coins in the white cardboard protectors and not a price on anything. Not even a code like merchants used years ago, on top anyway.

I figured right off the bat he didn't want to tell people like me what I had with his display. Then I had them separated in little snack baggies and he started pulling them out and just quoted me the meltdown price, which I knew better and thanked him and thought good by crook.

I thought I had something in the 1928 and this guy just sloughed it off like just another dollar.

What about that 1899? Two sites indicated it might be worth more than melt down. Of course they had conflicting values. One might have been in left field and the other in right field. I need to be in centerfield and catch the final out in the bottom of the 9th.

Thanks,

Bryan
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 02/19/2013  2:22 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
I thought I had something in the 1928 and this guy just sloughed it off like just another dollar.


That's a guy you don't visit again. A 1928 Peace is a $200 coin even with a great deal of wear. 1899's get a little pricey in Uncirculated condition; few were saved. Any of them could possibly be an added-value variety, maybe even in circulated condition, and that's why we're so interested in images.
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