What To Do And Where To Start With 47 1921 Morgan Dollars - Page 2

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Author	Replies: 22 / Views: 2,540	Page: of 2

PCM New Member United States 21 Posts	Posted 02/21/2021 2:54 pm I know that its about a $30 coin, that was never the issue. I dont know what to do with 47 of them. These were left to my mother when my grandfather passed and they were his fathers. Now no one in the family even remotely collects aside from myself and while I may keep one or two I have no need for 47. My issue is I dont know where to go to sell them. Do I go to my local coin shop and get lowballed, do I run to ebay, and if I do sell online what risk are there. I have tried searching for these answers and honestly everything ive come up with seems to conflict with itself. Edit: As a side note I also have 30 or so other silver dollars mostly older Morgans and 3 Peace dollars. I figure if I can work out what I should be doing with the 21's I wont screw myself on the older ones. Edited by PCM 02/21/2021 2:57 pm Report this Post to the Staff
Slider23 Pillar of the Community United States 4469 Posts	Posted 02/21/2021 4:25 pm You can take them to a dealer and they will most likely offer melt $21 x 47 = $987. Selling the coins on ebay will cost you about 15% in fees and shipping. 47 x $30 = $1410 -15% fees you net about $1200. Report this Post to the Staff
PCM New Member United States 21 Posts	Posted 02/21/2021 6:25 pm Ok, I appreciate that information. Are there any common issues I need to worry about with selling on ebay? Are there things I need to do or should do to protect myself from potential scammers? I havent sold there in years. I've been trying to research this all for the last two weeks and it feels like every time I'm starting to feel comfortable I find new info or conflicting info. Ill be honest this is an overwhelming hobby to be be thrown into. Ive spent hours looking at grading info and comparing the coins to graded examples, and trying to discern the differences is difficult to say the least. Report this Post to the Staff
Slider23 Pillar of the Community United States 4469 Posts	Posted 02/21/2021 8:07 pm Selling on ebay as a new seller do not use the 99 cents starting. Put your list price as a buy it now. Sell as many circulated 21's in lots of 3 of P,D & S mint marks to save on shipping. Take the best photos that you can take. Make sure your listings are in the correct coin section. If you have Brilliant Uncirculated examples, sell them as a stand alone. You need to buy some padded envelopes and coin flips as each coin you sell needs to be in a separate coin flip, then, put the flips in a safe t mailer or taped in between two pieces of cardboard. If you do not pack correctly, you will have problems with buyers. You should ship with tracking. Report this Post to the Staff
Lancek Valued Member United States 442 Posts	Posted 02/21/2021 9:56 pm ebay in house shipping has tracking and a discount. Beats waiting in a line at the PO. Don't post a grade in the listing. As Slider said, take good pics. Experienced coin buyers can decide for themselves from that. I find it to be a sellers market right now. Especially with Morgans. I've had a hard time finding any bargains lately. But if you don't want the hassle, and will settle for melt, JMBullion is paying $21.40 each for Morgans and Peace in any shape. As long as you have at least $1000 to sell. And you would if you added in the new batch. That price fluctuates minute to minute. I have sold to them and had a good experience. My LCS will sometime pay $2-3 over melt for common date average grade Morgans. Depends on how high or low their inventory is. So it might be worth calling around. Report this Post to the Staff
PCM New Member United States 21 Posts	Posted 02/22/2021 01:27 am thanks for the information. I think ill end up trying ebay with a few of them. most of the 1921's are in close or better condition to the pics I posted. I'm trying to help my mother with selling them and trying to do the best I can for her. I will also be checking with the forum on "grades" for some of the older morgans I have as well. I just need to double check which ones are in good condition. I think a few should be au or better. Also a random question if anyone sees this. Why did people use to drill/punch a hole in coins? Two of the Peace dollars are in or were in good condition but have had holes put in them. Report this Post to the Staff
Slider23 Pillar of the Community United States 4469 Posts	Posted 02/22/2021 10:30 am Titles on ebay are very important for searches. It is best to spell out the denomination and use numbers. For example, Lot of 3 1921 Morgan silver dollars $1 P, D & S. Holes are often put in coins for jewelry or use on a key chain. Report this Post to the Staff
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