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Replies: 16 / Views: 2,061 |
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Valued Member
United States
73 Posts |
Im completely new at coins and am wondering if these dollars would be worth enough to justify the cost of grading. I'll probably have the local dealer I found on the Pcgs website advise me but I'm always open to ideas. doesn't make sense to pay $30.00 to have one graded if its only worth 30 or 40 anyway. Ive heard these 04 Os are not real pricey. Found a roll of 1904 O dollars after my father passed away. After asking a local dealer if it was ok to open a paper roll I shook them out to see if they are all the same. They are all the same but the ones on the ends of the roll seem to be spoiled due to being exposed to air.(rusty blue color on one side only) I put them all in little plastic slip covers to keep the air off them and in doing so I realized they are not only real shiny but all look like new. Was it common to get uncirculated coins from the local bank back in the late 60s? Anyway now I have 20 shiny ones and quite a few nice circulated ones. I was hoping to ebay them so I could buy Au but the more I look at them the more I feel the fastination I'm sure all coin people Are familiar with. So I'm sitting at the desk admiring the artwork of the engraving and my wife is yelling at me to get all that silver and such back to the bank, it isn't safe here! LOL Thanks for listening and any comments are welcome. There is much I need to learn. Rich in Tucson
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Moderator
 United States
6563 Posts |
If they are in excellent condition they grade a little higher then $30
MS60 - $40 MS63 - $55 MS64 - $75 MS65 - $200
I would pick the best ones you have outta the lot and get some really good pictures of them and post them in our Coin Grading Practice section and we can try and give you an opinionated grade.
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Pillar of the Community
United States
2177 Posts |
Goldfinger, also only hold these coins by edges or they will get fingermarks on them that you might not be able to remove. Don't wipe them with anything, not your shirt nor a rag, nothing. Holding them with cotton gloves is preferable in handling them. Very nice finds!! Take good care of them. 
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Pillar of the Community
United States
6384 Posts |
 Also, the end coins are "toned", not spoiled. Toning occurs when the silver coin surface reacts with sulfur compounds or other chemicals. If the color is attractive it may actually increase the value of those dollars. Many collectors pay high premiums for toned Morgan dollars. Your local dealer may be able to give you a fair opinion about whether any of your coins are possible high-grade examples. If the dealer thinks you have an MS-65 candidate, it might be worth the fee to send it in. Good luck, and welcome to the forum!
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Pillar of the Community
United States
1952 Posts |
not really. they are spoiled rotten and the only way to get the rest in a safe place is to send one end to myself and the other thingee. they have to be as far apart as you can get them. lol  now that was funny but I was only kidding. do not clean them up the blue one's will bring more than the blast white one's. very nice find and on the not kidding side try to sale them here on the site first then take the leftovers to ebay IF YOU HAVE ANY  again nice find Gary too
Edited by garylcsr 06/07/2007 02:02 am
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Bedrock of the Community
United States
12437 Posts |
quote: Was it common to get uncirculated coins from the local bank back in the late 60s?
Yes, silver dollars were available from some banks until the early 60s although I don't think they really circulated too much in commerce. I do know that they were popular birthday and Christmas presents for kids. 1964 was the last year of 90% silver half dollars, quarters, and dimes. In 1965, silver was taken out of coinage due to rising value(except for halves which were 40% until 1970) and the vast majority of silver quickly disappeared from circulation and banks. BTW, welcome to the forum goldfinger!
Edited by biokemist6 06/07/2007 10:32 am
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Forum Mom
 United States
5877 Posts |
quote: and on the not kidding side try to sale them here on the site first then take the leftovers to ebay IF YOU HAVE ANY
But not until you have reached 50 posts.  I would consider sending them to ICG for grading. If you use the economy service, grading is only $12 per coin. The 15-day is only $15 per coin and I think they might be running some kind of special - get 5 coins graded 15-day service and get 5 more free. You should probably go to their website (www.icgcoin.com) and check it out. It's an initial $15 for the submission kit, but you'll get that back pretty quickly in free submissions.
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Valued Member
 United States
73 Posts |
Thanks for the comments and ideas, I appreciate it. I doubt I could get a good picture, Ive been reading the photography forum, seems like a challenge to capture the nuances you all need to see while I wouldnt know it if it was right there. I wonder if a coin on a scanner glass would be any good. Maybe I'll try that. Before I removed mine from the roll I did learn enough not to fingerprint them. Re the colored ones, Ive read a bit about the so-called toned coins, the two ends coins are toned alright but to a point I can't see as attractive. Seems like too much of a good thing. The one that was in the open end of the roll may have a big fingerprint. I still need to find my reading glasses so I can get a close look at these things.
Regarding the silver dollars in common circulation, when I was a kid a dollar was more common than a greenback. Not in most of the country certainly but it was where I grew up. We moved to Montana in the late 50s and there a silver dollar was as common as a dime. But then so was wearing a sidearm in public. I remember it was somewhat of a novelty to us when we first moved there. That is, they were common until that guy from Reno kept coming thru the area buying all the silver coins, shortly thereafter we started carrying paper money which seemed odd. The locals viewed the coins moving to Nevada with some suspicion as at that time only Montana and Nevada had dollars in general circulation. Pops bought a 1000 dollars or so in rolls around that time and thru the years would give them to family members as gifts. As little as 10 years later it was unusual to get a silver dollar as change but at that time people up north still didnt relate to silver dollars any differently than a paper dollar. Sorry, I'm rambling again. (8-)
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Bedrock of the Community
United States
12437 Posts |
quote: Regarding the silver dollars in common circulation, when I was a kid a dollar was more common than a greenback. Not in most of the country certainly but it was where I grew up. We moved to Montana in the late 50s and there a silver dollar was as common as a dime. But then so was wearing a sidearm in public.
Yes, I should have put that disclaimer in there  The silver dollar was always more popular than paper in the West. Even while silver dollars were being minted in the late 1800s and early 1900s, they saw limited usage in the midwest and east. Treasury vaults filled up but mintage was never stopped due to silver mining interest laws- refer to the Bland-Allison Act of 1878 and the Sherman Silver Purchase Act of 1890 for details. The West never really embraced paper money so gold and silver coins were king since that was were all of the gold and silver came from in the first place. quote: That is, they were common until that guy from Reno kept coming thru the area buying all the silver coins, shortly thereafter we started carrying paper money which seemed odd. The locals viewed the coins moving to Nevada with some suspicion as at that time only Montana and Nevada had dollars in general circulation
That would have been LaVere Redfield- I actually own one of his silver dollars http://www.silver-dollars.net/redfi...llection.htmhttp://www.carsoncityking.com/Redfi...0Dollars.htm
Edited by biokemist6 06/07/2007 1:38 pm
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Valued Member
United States
429 Posts |
Biokemist6 & Goldfinger: I think rambling is ok when it's educational. I just learned something new. Thank you. LeAnn
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Valued Member
United States
393 Posts |
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Pillar Of The Community
3147 Posts |
Rambling? Your not rambling as I would give dearly to strap on my gun and go down to the local bank to pick up some silver dollars without anyone ever raising an eye! The good old days are gone along with the silver! Hey we might even stop and plink a squirrel or two on the way back home for an old fashioned barbecue to celebrate adding some new silver to our hoard! Ah yes, I can remember when neighbors cared and neighbors shared and the outhouse was the demon of winter!!! My advice is to always thank Pops for what he has left you and to treasure that which you can no longer find for a dollar. The value will always be there and waiting a few years to cash in would be very very good advice. Some day those dollars may well be an answer to a prayer but thats only if you hold on to them until some day comes!
Edited by crystalk64 06/07/2007 10:31 pm
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Valued Member
 United States
73 Posts |
quote "I would consider sending them to ICG for grading. If you use the economy service, grading is only $12 per coin." I may do that as Ive been studying grading and looking at a thousand pics of examples and now that I know just enough to be dangerous, I'm seeing MS 64s++ all over my desk! There are some REALLY nice coins from that roll. Is it generally held that those who would purchase an under $200 coin would not care about a slab? Is the ICG slab credible for really nice 04-Os? I have of course been following the 04-Os on ebay and in those auctions they are going for far more than I expected. The ebay photos dont seem nearly as nice as mine. This forum has gotten me all fired up about coins and I decided to break out Pop's old collection books to see what was in there. I hadnt really looked them over for at least the last 10 years. I dont remember him being a collector but its his handwriting where he penciled in 1964 values by each coin spot in the book so I guess thats why he bought all those rolls from the bank so he could pick thru the rolls and fill in the book! Some darn nice coins in the book also! No early dollars, just Morgans and Peace with blanks where the rarest coins would be. I have quite a few (VF-20?) extras so I think I'll throw a few on ebay and see how they do. Thanks again for the comments but unfortunately I seem to have caught a numis bug hanging around these coin sites! In spite of my intentions to liquidate the dollars, instead I find myself on ebay looking for upgrades and fill-ins! (9 - )
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Pillar of the Community
United States
2177 Posts |
Goldfinger a word of caution, don't rush into anything and take your time. I think what you are seeing right now is $$$$$. And you seem to have found a nice fortune. Don't let the $$$$ blind you you right now. Take your time and ask as many questions and make any comments you would like on this forum. This forum and many of it's members have a wealth of knowledge in coin collecting, selling, buying, grading and so on. So please do not hesitate and ask anything you would like. Personally I don't know much about grading and ziltch about selling and slabbing coins. Someone will be around soon enough and comment or make suggestions about your coins. Also your coins are very nice investments that will only appreciate.
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Valued Member
 United States
73 Posts |
thingee, thanks for the wise advice, I will take to heart! Im sure I'm giving off NOOBIE vibes all around. Already boring my wife and friends to tears talking about gold and Morgan dollars.
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Pillar Of The Community
3147 Posts |
If your wife would catch on as fast as mine did you wouldn't be boring her for very long! You would be looking for a coin shop to take her "shopping". Nothing better than SHARING a hobby with your better half so I am one of the lucky ones with a spouse that understands the full spectrum of the hobby. Don't be to eager to sell and do listen to that little voice telling you to add, add, add to what you have! Years from now you will thank the folks here who passed you the "bug"!
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Replies: 16 / Views: 2,061 |