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1898 O Morgan Dollar Worth The Price?

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Alex12780's Avatar
United States
344 Posts
 Posted 10/27/2016  11:56 am Show Profile   Bookmark this topic Add Alex12780 to your friends list Get a Link to this Message Number of Subscribers
So I'm a fairly new collector and I've been looking for my first graded coin preferably PCGS. I'm limited to Amazon because I have an $80 credit. I found this 1898 O Morgan dollar graded ms-62 by PCGS for $65. This price is a bit high for the grade and date but what took my attention was the gold toning on the rim. I was wondering if this toning is real or not, because I would've thought the toning would've carried over to other parts of the coin.

1898-O-Morgan-Dollar-Worth-The-Price?

1898-O-Morgan-Dollar-Worth-The-Price?
Edited by Alex12780
10/27/2016 11:59 am
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Slider23's Avatar
United States
4469 Posts
 Posted 10/27/2016  12:25 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
It is common for a MS Morgan to get gold rim toning from setting in a album. I seen them have rim toning after only 6 months in an album.
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Alex12780's Avatar
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 Posted 10/27/2016  12:37 pm  Show Profile   Bookmark this reply Add Alex12780 to your friends list Get a Link to this Reply
Keep looking?
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Slider23's Avatar
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 Posted 10/27/2016  1:06 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
It looks like a typical coin for the grade and date. I would put the value at $50 with shipping included. For $65 you should be able to get a MS 63.
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ExoGuy's Avatar
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4416 Posts
 Posted 10/27/2016  1:17 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
IMHO, not a bargain price at $65. The reverse is beautiful, but the obverse is baggy.

How about putting that $80 credit toward a coin book or two?
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Alex12780's Avatar
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344 Posts
 Posted 10/27/2016  1:30 pm  Show Profile   Bookmark this reply Add Alex12780 to your friends list Get a Link to this Reply
That's what I was thinking. Amazon isn't the best place for coins.
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jaxenro's Avatar
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533 Posts
 Posted 10/27/2016  3:08 pm  Show Profile   Bookmark this reply Add jaxenro to your friends list Get a Link to this Reply
If you like the coin make the owner an offer not sure if Amazon allows that but I make offers all the time on ebay even for buy it now without offers turned on. Just send a email to the seller and low bid a little never offer what your willing to pay up front but a little less. If I am willing to pay $50 I might offer $45
Edited by jaxenro
10/27/2016 3:09 pm
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GR58's Avatar
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11951 Posts
 Posted 10/27/2016  3:23 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
I agree .. $65 is high.

Have you checked sold listing on ebay for similar coin?
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Alex12780's Avatar
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 Posted 10/27/2016  3:30 pm  Show Profile   Bookmark this reply Add Alex12780 to your friends list Get a Link to this Reply
Good idea jexenro, i'll try to shoot them an email.
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Coinfrog's Avatar
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 Posted 10/27/2016  5:13 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Agree I'd save my $80 for something else.
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paralyse's Avatar
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12057 Posts
 Posted 10/27/2016  9:34 pm  Show Profile   Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
Toning is natural but the coin is overpriced by $20 or so.
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"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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Alex12780's Avatar
United States
344 Posts
 Posted 10/27/2016  9:41 pm  Show Profile   Bookmark this reply Add Alex12780 to your friends list Get a Link to this Reply
If I can talk him down to $55 I'll go for it. This fits a couple things I've been looking for, for my collection, a Morgan dollar, a graded stabbed coin, a New Orleans minted coin, and an eye appealing toned coin. Plus I really like the rims on this one lol.
Edited by Alex12780
10/27/2016 9:42 pm
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467 Posts
 Posted 10/28/2016  3:42 pm  Show Profile   Bookmark this reply Add oober to your friends list Get a Link to this Reply
I think it's overpriced, but it also looks like some nice clashing going on, check the VAM on it? I see clashing on Obverse and Reverse. Nice coin though.
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467 Posts
 Posted 10/28/2016  3:47 pm  Show Profile   Bookmark this reply Add oober to your friends list Get a Link to this Reply
I don't know maybe not clashed, is that a clash mark where they are normally found, at the top of the neck and between the left wing and wreath?
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Alex12780's Avatar
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344 Posts
 Posted 10/28/2016  6:23 pm  Show Profile   Bookmark this reply Add Alex12780 to your friends list Get a Link to this Reply
They emailed back and said that they are not going to drop the price. I was looking at their other Morgan's for sale and all seem to have a variation of gold rims and a very clear and bright face and obverse. They are all just about the same coin just different years. Odd. And they're all graded ms-62
Edited by Alex12780
10/28/2016 6:24 pm
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Slider23's Avatar
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4469 Posts
 Posted 10/28/2016  8:12 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
Alex, move on there are plenty of quality Morgan coins available in common dates that will meet your criteria for the price you want to pay.
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