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 Replies: 10 / Views: 1,400 |
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Pillar of the Community
United States
979 Posts |
So I was on ebay watching items end. I almost got a few coins, but mostly I use it to learn the market (I'm only a year into the hobby, so I'm pretty green) I see this little guy: http://www.ebay.com/itm/1897-24K-Go...refresh=trueNow, something about Morgan dollars... they just sell well. No matter the condition. Of course better condition sells better, but you know what I mean. They could be bent, holed, worn down to a washer, and they NEVER seem to sell for much less than $30. Seeing as they're melt value is $16, thats not bad for junk silver condition or "cull" coins. In that link, the little gem there is for some odd reason gold plated. It's not a bad date numismatically, but in that condition and having been plated, what numismatic is really left? Is numismatic value really just what people will pay (over scrap/intrinsic value)? Edited by Broseph
10/24/2013 11:12 pm
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Pillar of the Community
United States
3345 Posts |
Numismatic value is whatever a person will pay for it because they want to collect it. Morgans are just reallllly popular so people have little problem buying and selling them.
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Pillar of the Community
United States
2734 Posts |
Really more of a "Morgan premium"... Gold-plating a VG coin  |
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Pillar of the Community
 United States
979 Posts |
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Moderator
 United States
56855 Posts |
I plated (plated with gold or silver or platinum or even painted) coin to me is just PMD. Takes away any numismatic value. John1  |
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Pillar of the Community
United States
979 Posts |
John, that is why I bring this up. Though that may be true to many on here, it seems it is not true across the board. Otherwise, why would someone pay over melt for a plated cull morgan? So this gets philosophical. Is numismatic value in the eye of the beholder? Can something have numismatic value only if a particular person sees it as such? If an 1893 S Morgan is sitting alone in the woods, does it have numismatic value? Some people say a coin loses most/all numismatic value with bad scratches. If a Morgan dollar has BIG scratch on the eagles breast feather, has it lost most/all numismatic value? It gets a details grade, so its "ungradable." What if that same morgan got natually circulated and lost it's high points. That would mean the scratch on the breast feathers would be worn away. Could the damage be circulated away? Would that make it a gradable coin again? Would that mean that more damage (the circulation) increase the numismatic value of the coin? Edited by Broseph
10/25/2013 12:35 pm
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Moderator
United States
23522 Posts |
Quote:
John, that is why I bring this up. Though that may be true to many on here, it seems it is not true across the board. Otherwise, why would someone pay over melt for a plated cull morgan?
Because having money in your pocket is no guarantee that you know what to do with it. |
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Pillar of the Community
United States
979 Posts |
I added more thoughts to my post, Dave. I got deep!  Because maybe, if that morgan is worth $30 to them, that's how much it's worth numismatically, if in fact numismatic value is relative. |
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Moderator
United States
56855 Posts |
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Is numismatic value in the eye of the beholder? Yes,to each their own. Buy/collect what you like. John1 |
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Moderator
United States
23522 Posts |
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Because maybe, if that morgan is worth $30 to them, that's how much it's worth numismatically, if in fact numismatic value is relative.
Yup, that. The term "numismatic value" has no basis in objectivity. |
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Bedrock of the Community
United States
20753 Posts |
Coins, stamps, old cars, Hot Wheel cars, oil paintings, etc. are all items without a so called manufacturer's suggested retail price. Remember any coin is only worth what is says on the coin. A Dime is only worth 1/10 of a dollar. Not less but could be worth as much as what someone will pay for it. That coin with the Dime on it culd sell for ten cents or a million dollars. Regardless of what any price guide says, they are all just guides. Many items like coins, old guns, stamps, old cars, oil paintings are just worth what you will pay for them.
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Replies: 10 / Views: 1,400 |
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Posted 10/24/2013 11:16 pm
