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Problem Valuing Morgans For Sale

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44-40's Avatar
United States
7 Posts
 Posted 03/16/2014  6:07 pm Show Profile   Bookmark this topic Add 44-40 to your friends list Get a Link to this Message Number of Subscribers
I know this is a nube question but... I have a stack of Morgans that I plan to sell. Looking at sold coins on ebay for each coin I have, there must be at 20 Morgans of the same year and grade that sold from $50 to $300.

If there is such a variance of selling price for coins of the same grade, how do you determine a reasonable value?

I looked at the PCGS and NGC price guide sites and thought I had an idea of the values. However, when I look on ebay, the prices are all over the place.

Thanks
Pillar of the Community
Sweden
729 Posts
 Posted 03/16/2014  6:19 pm  Show Profile   Bookmark this reply Add epikur to your friends list Get a Link to this Reply
Are you sure all coins within that grade was slabbed in either PCGS or NGC?
What year and mint if I might ask?

a span that wide suggests that many coins are raw, since they tend to fetch a lower price than slabbed ones
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MeadowviewCollector's Avatar
United States
4409 Posts
 Posted 03/16/2014  6:30 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list Get a Link to this Reply
Something to remember is that the PCGS and NGC price guides tend to inflate the values of coins.



-MV
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44-40's Avatar
United States
7 Posts
 Posted 03/17/2014  09:30 am  Show Profile   Bookmark this reply Add 44-40 to your friends list Get a Link to this Reply
Here is an average Morgan that I have. Most just have a blue tag that gives the grade and estimated value from the 1980s. I do not know where they were graded.



Problem-Valuing-Morgans-For-Sale



Problem-Valuing-Morgans-For-Sale




Problem-Valuing-Morgans-For-Sale
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SeatedNut's Avatar
United States
2797 Posts
 Posted 03/17/2014  09:39 am  Show Profile   Bookmark this reply Add SeatedNut to your friends list Get a Link to this Reply
You might be overlooking the VAM-factor too. For example, a common 1880-P in AU would sell for $30-$50 typically. Put a set of "ears" on the second '8' and you have a $4K coin ( VAM 8 ears). It's an overdate variety where the top of the '7' from 1879 barely shows on the top of the '8'. It's very hard to see and extremely rare and desirable.

This is just an example. There are other factors besides date, mintmark, and technical grade that will influence the final price. Eye appeal is important to consider, too.

If you're new to this it can be overwhelming and you have to rely on the experience of others to get a fair price. Who do you trust? You have a couple of choices here ... take them to a local expert for their opinion. If they are interested in purchasing them, I would get a second opinion on their appraisal. Post them here and we'll offer our opinion without charge or expectation of purchase. Lastly, you can delay your sale and learn to be self-sufficient in grading, variety attribution, and appraisal. The last option usually creates the best return on investment.
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