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Need Help (US Morgan Dollars)

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Bedrock of the Community
SHAFTA9a's Avatar
Canada
10743 Posts
 Posted 02/07/2008  08:14 am Show Profile   Bookmark this topic Add SHAFTA9a to your friends list Get a Link to this Message Number of Subscribers
I can buy U.S. Dollars 1882 in VF @$16.00
1883 O in AU $20.00
1897 O in Fine @ $16.00

Is this a good buy?
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tights24's Avatar
United States
2254 Posts
 Posted 02/07/2008  08:19 am  Show Profile   Bookmark this reply Add tights24 to your friends list Get a Link to this Reply
All I can give you right now is RedBook pricing. I would also suggest seeing what completed listings have sold for on ebay for each of these to get a better "market" value.

1882 VF - $18
1883O AU - $25
1897O F - VF pricing is $20.

My guess is these are not all bad, but I don't think you'll see a profit if your intention is to flip. Market value is usually lower than the RedBook, which it seems these are. Up to you if they're for your own collection.
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CoinHunter53562's Avatar
United States
2049 Posts
 Posted 02/07/2008  08:44 am  Show Profile   Bookmark this reply Add CoinHunter53562 to your friends list Get a Link to this Reply
Depends on your intentions. Do you plan to add them and keep them in your collection (i.e. filling holes in your Morgan collection) or do you want to turn them and try to make a profit? For investment purposes, you either need much higher grade Morgans (MS-63 as an example) or rarer dates (1894-P) but these are more or less common Morgans in lower grades. Now if you think that silver will continue to go up, then the intrinsic value of these coins will go up with it so you might see a small profit down the road. Hope this helps but ultimately the value is in the eye of the beholder.
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j_h_s's Avatar
United States
1934 Posts
 Posted 02/07/2008  11:56 am  Show Profile   Bookmark this reply Add j_h_s to your friends list Get a Link to this Reply
I think those prices are fair market today; PCGS indicates the values on them are rising.
Bedrock of the Community
United States
20753 Posts
 Posted 02/07/2008  1:22 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
As noted already but are you sure of the grades? So many say VF and mean VG or they may say AU but there could be a AU-50, -55, -58?
First check out and verify the grades.
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SHAFTA9a's Avatar
Canada
10743 Posts
 Posted 02/07/2008  2:53 pm  Show Profile   Bookmark this reply Add SHAFTA9a to your friends list Get a Link to this Reply
Thanks for all the input.

carl... what would be the differences in AU 50-55-58

in price I mean?
New Member
bartputnam's Avatar
United States
14 Posts
 Posted 02/07/2008  7:13 pm  Show Profile   Bookmark this reply Add bartputnam to your friends list Get a Link to this Reply
Here is a website that gives "fair market value" for Morgans, but remember it is only worth that much if someone is willing to pay it. This site gives values for grades Good through MS60. Have to subscribe to get the higher grade values.

http://www.numismedia.com/fmv/price...ricesp.shtml

1882 VF - $18
1883O AU - $21 to $24 in the different AU grades
1897O F - VF pricing is $17
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