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 Replies: 12 / Views: 1,266 |
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Pillar of the Community
Canada
2124 Posts |
Hello: What do you think the grade and $$ of this would be? Thanks!   Edited by arianzo
11/05/2013 11:01 am
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Pillar of the Community
United States
797 Posts |
I say in f12. 1921 is a VERY common year, Its worth essentially Melt value in this condition.
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Pillar of the Community
Canada
5417 Posts |
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Pillar of the Community
United States
1304 Posts |
To me this coin looks VF. There is way too much detail left in the leaves/blossoms/wheat on the cap for this to be lower than Fine. The reverse eagle still has defined feathers remaining on the wings without any of them being worn together. With that said, its still worth only melt.
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Pillar of the Community
Israel
2420 Posts |
VF20.
No problem free Morgan is worth melt nowadays (can you find any under 18$?).
I'd say its worth ~22$, which means a decent 30% premium over melt.
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Pillar of the Community
United States
8137 Posts |
It is a 1921 S and only worth melt.
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Bedrock of the Community
 United States
18630 Posts |
I think it could make VF20 also
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Bedrock of the Community
Canada
11922 Posts |
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Pillar of the Community
United States
1304 Posts |
I have been offered these for melt at pawn shops.
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Pillar of the Community
Israel
2420 Posts |
Quote:
I have been offered these for melt at pawn shops. This is a major arbitrage you could use for an easy profit (dealers are paying significantly over melt for Morgans). I suggest you buy them all and sell them. APMEX for example will buy all you have if you can get a reasonable quantity: http://www.apmex.com/sell-to-us/180...dollars-cull(they pay 20$ for cull morgans, and 22-23$ for problem free, pre 21', in any condition). I wish I could find any for melt.. Edited by supgog
11/06/2013 05:48 am
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Pillar of the Community
United States
1304 Posts |
Unfortunately the quantity at my source is never more than a couple every so often, never enough to actually make any money buying and selling. Pawn shops ship the stuff out pretty much right after they receive it.
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Valued Member
United States
416 Posts |
I agree VF 20 and though the value is indeed higher than melt, it would be hard to sell it for that premium. I think a lot of people see common date lower grade coins only worth the value of the metal they contain.
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Pillar of the Community
 Canada
2124 Posts |
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Replies: 12 / Views: 1,266 |
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Posted 11/05/2013 11:26 am
