New To The Coin World...1891 Morgan P

Hello and welcome to Coin Community!

It may be the pics, but your coin looks like it has already been cleaned in the past (many have, so don't be discouraged). The details look pretty sharp and I would guess the grade at around AU55. According to Red Book, that puts the value around $40-45.

I strongly recommend NOT cleaning this coin. I believe the gold coloring to be the coin retoning after the past cleaning.

I have to agree with Susan. The coin has been cleaned but is a nice piece for your collection. Va;ue about $40.00 give or take a bit.

catman

You got some decent advice here, however, the Red Book as others have been quoting prices from that source, are absolute "HIGH" retail values. A typical dealer would pay you $15-$18 for your coin. That would take into account the cleaning that it has seen.
A simular coin would have a normal retail value of around $25

I agree with the sentiments and opinions of the previous posters, but it's very hard for me to let a Morgan topic go by without comment. [:p]

Yes, it appears it has already been cleaned and probably harshly with an abrasive. It appears to have been lightly circulated from what appears to be wear on Liberty's hair above the ear, but this could also be a function of a weak strike; there's too much reflected light on the reverse to really make an assessment. It's high Almost Uncirculated at the least, but from a market viewpoint, the cleaning devalues it considerably. However, a coin such as this makes a great start for a Morgan collection; a coin is a coin and fills an empty hole in a folder and someone who wants a representative collection will not care so much about its technical condition as long as the date is not obliterated. Too often among some of us too-serious perfectionist collectors, we ignore those who just want a particular coin to fill in a blank (vis a vis, some stamp collectors don't mind if a stamp has been cancelled). Cleaned, circulated, or not, it's a nice coin.

If it were me, I'd keep it and build around it.

I'm very glad to see that you decided to join a forum and learn more about collecting as you are just getting started. I wish more people were as smart as you and took the time to learn. Good for you!!

Don't ever hesitate to ask questions here. There are no stupid questions except the ones you don't ask. We all started from the beginning and the reason this forum is here is to share what we have learned. We enjoy doing this.