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 Replies: 15 / Views: 2,522 |
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New Member
United States
2 Posts |
Hello, My name is Dan and I am new to all of this. We inherited about 50 Morgan silver dollars. I have pulled out three of them to get started on learning how to formulate a ballpark asking price or beginning bid ebay. We intend to sell them all eventually. I am looking for assistance on the best way to "self grade" these coins. I read the definitions and grading guidelines of PCGS. I have made my best guess on each coin and have listed them below. The three coins I will appreciate assistance with are as follows: 1887 no mint mark - MS/PR-64+ 1887o MS/PR-64 1880o MS/PR-63+ So - which one has the most potential - what else do I need to know? worth paying for professional grading if I plan to sell them? Average ballpark ebay price? Thank you community in advance. I recently became disabled and these coins were a Godsend to help pay for medical expenses. Your assistance is most appreciated.     |
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Pillar of the Community
United States
7390 Posts |
Hello and  ... you found the perfect place for learning about your coins! Unfortunatly all your 3 coins look to be in the au55-au58 range. The lack of breast feathers on the eagle is an almost dead giveaway for circulation. More people with much more knowledge than me will chime in and you |
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Pillar of the Community
Canada
1747 Posts |
I am not an expert in grading, or Morgan dollars, however I will say this, if these are that high of a grade, to sell these at a significant price you will need them to be graded and slabbed by a TPG. Because there are rampant fakes in the Morgan dollars, all high grades need to be authenticated, most people would not touch them otherwise. |
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Rest in Peace
United States
18456 Posts |
 With Cascade. They are not mint state. |
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Pillar of the Community
United States
604 Posts |
If you would like to learn to grade coins yourself, I might recommend the following book: The Official American Numismatic Association Grading Standards for United States CoinsAlso, a good source for information on the retail value of your coins would be: newmismedia.comRemember though, these are suggested prices, you may get more or less when selling. Edited by Nickel Guy
03/17/2015 1:58 pm
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Pillar of the Community
United States
7375 Posts |
The first one at least to me looks cleaned/polished. Probably not worth (imo) sending them in for grading. If you want to sell them, just take the best photos you can, and list them on ebay. There are a few tests you can do to determine if they are genuine, size, weight, magnetic, etc. |
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Moderator
 United States
56855 Posts |
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Pillar of the Community
United States
589 Posts |
And one thing to note: Proof coins are different than Mint State coins. Your Morgans aren't proofs.
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Pillar of the Community
United States
1388 Posts |
I'd make spearate posts for each coin or group of coins in the classic grading forum. Also, click on the word inherited. There's some good information on that link. Edited by The Silver Searcher
03/17/2015 4:06 pm
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Valued Member
204 Posts |
This is a good place to get some info so you are at the right place.
These 3 coins are at best AU Details. Still worth $20-$24 a piece as they are. Having them graded would be a very poor financial choice and would result in a large loss per coin when you come to sell them.
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New Member
 United States
2 Posts |
Thank you everyone. So much to learn. I have about 45 to review this weekend. Any tips on what to look for initially? Thank you all for the warm welcome!
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Pillar of the Community
United States
604 Posts |
Quote:
Any tips on what to look for initially? Pay special attention to the dates and mintmarks. The Morgan dollars with the "CC" mintmark are the "big stars" of the series and command a premium. |
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Pillar of the Community
United States
1192 Posts |
Post any morgan here that has a cc mint mark. They are highly valued but widely faked. If it tests legit you probsally want to get those graded. I have a feeling they all common years and mint marks. Just the typical raw collector hoard.
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Valued Member
United States
461 Posts |
I am not a big morgan collector but could tell instantly none of these were mint state, the lack of feathers and the gunk in some of the fields were the clear tip offs.
They still have value especially if you have 50 of them. Not worth being graded in that condition or common dates. Like others said look for mint marks and maybe some rarer years.
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Pillar of the Community
United States
1657 Posts |
Whatever you do, do not clean them in any way. Cleaning drastically reduces the value.
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Valued Member
United States
234 Posts |
It's not necessary to have them graded if you want to sell them. Although their are allot of fakes people seem to buy them on ebay anyways. |
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Replies: 15 / Views: 2,522 |
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Posted 03/17/2015 1:25 pm
