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 Replies: 9 / Views: 1,094 |
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Pillar of the Community
United States
979 Posts |
Ok, this is a 1897-O (mintage 4,004,000) morgan. Here are the pictures: https://plus.google.com/u/0/photos/...122705227329Can anyone tell me what this is worth? Points to consider: 2 "X" scratches on reverse no breast feathers decent amount of wear on liberty's hair Also, try and guess how much I paid for it! :) Thanks for any help!  Edited by Broseph
10/25/2013 01:59 am
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Pillar of the Community
Sweden
729 Posts |
With the graffitti and the harshly cleaning, I'd say it's worth $32.75
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Valued Member
United States
339 Posts |
yeah what's up with the x marks on the reverse. I'd value it at $27
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Pillar of the Community
United States
9792 Posts |
Grade? F12 details cleaned/polished & scratched
Value - Silver melt
Price Paid? I hope around $25.00 and under $30.00 in the current market.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440Edited by westcoin
10/25/2013 05:18 am
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Pillar of the Community
Israel
2420 Posts |
I have to disagree with westcoin, every Morgan today (except for completely cull ones, which isn't the case here) get sold at a premium over melt.
21-25$ is a fair price for it, and it represents a decent premium of 20-45%..
EDIT: well, maybe it depends on how you define value.
For me is the expected selling price (or the median of last auctions realizations) of similar coins.
Edited by supgog
10/25/2013 06:19 am
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Rest in Peace
United States
10625 Posts |
In my opinion any Morgan that has been roughed up as bad as this one is not a collector coin but a bullion coin worth .77 ounce of silver.
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Pillar of the Community
 United States
979 Posts |
I did some digging. As I research, it looks like it would probably be worth around $30, a bit more if I'm lucky. Here's what I found so far: Almost any morgan seems to sell around there, including 97-o. Here is a scratched very low grade 97-o that sold for $29 after shipping. http://www.ebay.com/itm/1897-O-Silv....l2557Here's a wizzed one that sold for about $30: http://www.ebay.com/itm/1897-O-MORG...047675.l2557Here is another, low grade, scratches, AND a sticker, sold for $32 after shipping: http://www.ebay.com/itm/1897-O-Morg...81244387945&As for what I paid... You'll be relieved to know I only paid $19! :) The guy wanted $25, but since it looked possibly cleaned on top of everything else, I thought it couldn't be worth much more than $25. Since I buy and sell, I never pay top dollar, I always have to leave room. The thing about morgans... Even cull morgans sell for $25, so I felt it was a good buy. Here is a holed cull morgan from a date with 3 times as many minted: http://www.ebay.com/itm/1879-Morgan...047675.l2557 So I made this rule today, "find a morgan under 20? That's a good bet for your money!" |
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Pillar of the Community
Israel
2420 Posts |
Quote:
Even cull morgans sell for $25 Broseph, you have to take into consideration that the ebay selling prices, are not what the seller gets. Suppose you sold a cull Morgan for 25$, now you have to pay ~3$ for eBay/Paypal, another 1-3$ for shipping, packing, etc. We didn't even considered yet the time you're spending on it, or the (existing) chance where the buyer claim he didn't get the package / it didn't contain the coin and ebay will rule in his favor (and you can expect to get a negative feedback if you don't play along). Buyers on ebay pay premium, for the convenience, for the buyer protection and for the endless choices to choose from (compared to LCS), but is not not a premium you get as a seller. Edited by supgog
10/25/2013 07:32 am
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Pillar of the Community
United States
979 Posts |
Yes, I understand that. Actually, I made a formula for eBay/paypal fees. 0.871 and$ $0.30 are the numbers to remember. the 30 cents is a flat fee for paypal, on top of its 2.9%. ebay has 10%, so a total of 12.9, inversely as a decimal, 0.871. If you want to calculate how to sell an item on ebay, divide your costs (shipping + the price you paid for the item) and divide by 0.871 then add $0.30. In this case, if shipping is $3, + $19 cost of the item, $22. Divide that by 0.871 then add $0.30, you get $25.55 as a base price. So If I sold it on ebay for $30, I would make only $4 and some change. I could do better throwing it in with a junk silver lot to mitigate shipping costs if I wanted. Shipping lots of little items is usually not lucrative unless you have an ebay store. ebay stores get only 6% ebay fees on coins instead of 10%! I'm going to use the morgan as trade bait at a coin show this weekend and see how I can do. Either way, if I make only $4 by having to sell on ebay, it's still not a loss, just not a big win. Dollars per hr, still better than CRH on average Also, if you ever want to calculate what you would get for selling an item at a specific price, just multiply by 0.871 then subtract $0.30. So, if an item sold for $50 including shipping, x0.871 -$0.30 = $43.25. Then subtract shipping costs, and you have the amount you keep. |
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Bedrock of the Community
Canada
11922 Posts |
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Replies: 9 / Views: 1,094 |
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Posted 10/25/2013 03:43 am
