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 Replies: 13 / Views: 2,304 |
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Pillar of the Community
United States
1911 Posts |
At a huge garage sale would that price for cleaned and/or worn Morgans be a good deal?
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Pillar of the Community
United States
1215 Posts |
Are they problem free? If so, then yes. Worn Morgan dollars are worth something as long as they don't have problems. |
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Moderator
 United States
23522 Posts |
I think I'd be a buyer for just about anything identifiable as a Morgan at $17.  There is cachet involved, and down the road an astute seller can leverage the attractiveness of original cartwheels into a premium over melt. I don't really ever see Morgans being much cheaper than $17 again. |
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Pillar of the Community
 United States
1911 Posts |
Well the ones he had at $17 all seem cleaned and/or polished. The problem free ones that were problem free were $24. Instead I got a 2015 silver maple and ASE for $38 total |
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Pillar of the Community
United States
6478 Posts |
Quote:
The problem free ones that were problem free were $24  Sorry, I thought that was pretty funny I think that is a great price. Anything under 19 bucks is a great deal for problem free. But 17 bucks for cleaned ones is GREAT. |
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Pillar of the Community
United States
1911 Posts |
Wait... Is that sarcasm? Lol and yeah I am on my phone so I mistyped ;P
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Pillar of the Community
United States
6478 Posts |
You are almost a pillar Mister Kairu! Nice! And I was serious.
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Pillar of the Community
United States
1911 Posts |
Oh well I was actually mistaken it was $18 for the cleaned/polished morgans. Aw well instead I thought $1 more each for brand new ASE and maple leaf was better. And yeah I did t even realize I am only two posts away! :D time flies when having fun on the forums! |
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Valued Member
United States
293 Posts |
With silver at $15.95 an ounce a Morgan dollar melts for $12.33. The melt value of $12.33 is where I would want to be at on a cull because this is the type of coin that you can find at any coin show anywhere anytime. Culls at coin show you can generally sell for $1 to $2 back of the price of one ounce of silver. Ordinary common dollars that are no BU go for about $17 to $20 if they don't have problems. I generally stay away from the cleaned dollars. XF and AU Details cleaned generally do go for about $21 to $24 but I see way too many of them on the show circuit. Everybody is trying to move them. At that price there is no money in it for me. Oh about one month ago I was at a local auction that had about 300 coin lots. Common no problem Morgans non-BU and most were dated 1921 went for $21 bucks each. That is strong money but not way out in outer space like Silver Dollars have been known to do in these type of venues. |
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Valued Member
United States
179 Posts |
I just payed $19 a piece for two cull Morgans, I was happy with that considering all the other coins shops by me had them $20 and up. So I would say $17 is a good deal.
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Bedrock of the Community
United States
94367 Posts |
I mean, if you're serious about buying silver for a bounce at these prices, then just go to your local dealer and buy a bag of whatever. Save yourself the time and gas money of running around looking to skim a buck on a silver dollar.
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Pillar of the Community
United States
1158 Posts |
$17 is still almost 50% over melt value.
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Pillar of the Community
United States
4963 Posts |
I would like to buy a few culls- maybe one for a pocket piece. I might buy some at $17 if they are uncleaned, but I would not pay that much for a cleaned Morgan.
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Pillar of the Community
United States
1554 Posts |
Yes, it is a good price. National and local dealers are paying between $18-$20 for Fine and above cleaned and $18-$20 for culls.
Edited by 1893S
06/16/2015 08:16 am
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Replies: 13 / Views: 2,304 |
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Posted 06/13/2015 12:24 pm
