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 Replies: 12 / Views: 1,382 |
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New Member
United States
7 Posts |
My sister and I just started removing a coin collection that out Dad left us many years ago from safe deposit boxes.We tookout 200 Morgan dollars today from one box and it is still 3/4 full.Does anybody know of a good appraiser near Johnson City tn?Sorry if this is an inappropriate post,fairly new here. |
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Valued Member
 United States
449 Posts |
Hi Dano! It's your long lost brother! I have been wondering where Dad put those things! Just kidding of course! You could post a few pictures of some on this site and get an estimate of values/grades. Also check sold listings on ebay. Sorry I don't know of any coin experts in that area. |
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Pillar of the Community
United States
2217 Posts |
Don't hurry. Take your time to research so you know what you have. You could buy a coin book showing values, give you a rough estimate. There's likely a coin store or two in Johnson City or certainly in Knoxville. Take the coins to several places, get several opinions. Most coin stores are honest I think but a few could low ball you. If the Morgans are circulated they will be worth less than uncirculated. Some Morgan years are worth more than others, lower mintage called Key Dates, Morgans from the Carson City Mint with CC mint mark are more valuable, etc.
Edited by livingwater
04/04/2023 10:18 pm
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Pillar of the Community
United States
2281 Posts |
Living water you have that backwards.. Most coin stores will lowball you and few are honest if you do not know what you have.
You realize when you know how to think, it empowers you far beyond those who know only what to think.
-Neil deGrasse Tyson
Edited by NumismaticsFTW
04/05/2023 01:49 am
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Moderator
 United States
56855 Posts |
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Bedrock of the Community
United States
19127 Posts |
As stated above, take your time. Becoming familiar with dates and mints will go a long way toward valuing what you have. Feel free to to post a few photos of those examples you feel are noteworthy. Also, wouldn't hurt to begin some research on coin shops within a days drive--just determine what's out there and get a sense for customer feedback and how long they've been in business.
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Pillar of the Community
Canada
5239 Posts |
It is a good idea to ask the LCS what they would pay, but DO NOT accept the offer. Consider it information only. Also, how they behave is useful information.
We don't know whether you want to keep or sell them-that would determine how much effort you want to put into this,
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Pillar of the Community
United States
8733 Posts |
Good information has been given here, but would suggest that you hold onto these for just a another couple of years, unless you are in dire straits. I have a strong feeling that they will be worth more. In the meantime, do as suggested and study the date/mm of each coin and see what they are worth and if you may have any rare VAMs. Sometimes, time is a good thing....
-makecents-
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Pillar of the Community
United States
2217 Posts |
@NumismaticsFTW, We all have our personal experiences and opinions. The two LCS in my area do not take advantage of the unknowing, they are honest and fair. I've been in their stores when people brought in coins for info or to sell. They didn't low-ball them. But there are bad dealers who do which is why I suggested they learn about what they have and go to more than one dealer.
Edited by livingwater
04/06/2023 07:29 am
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Valued Member
United States
238 Posts |
Whatever you do - do not Clean them in any way!!
You should say whether you need to sell fast or want to take time to learn and figure things out.
Sorry to hear about your Dad.
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Pillar of the Community
United States
3323 Posts |
 to the forum. Glad you're here. As others have said - don't rush into anything. Make sure you get multiple appraisals for that many coins. If it were just a handful, not as big a deal. There is a coin show in Knoxville every month most of the year. I'd take them to a show and have the dealers there give you an idea as to worth. Here is the CoinZip page for Tennessee. Best wishes! http://coinzip.com/index.php?state=TN"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Valued Member
United States
238 Posts |
I show is a great idea but I have just one additional point - I would not take all of them to a dealer or a show - you have too many for anyone to give the best price, that takes time - they most likely throw a rough number out for expediency. Take five or six that look nice and compare what each dealer does, do they take time to look closely or just toss out a standard price? Do they point out good and bad points - share info with you?
You can find the dealer you like the most and then arrange to have them view them all.
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Valued Member
United States
425 Posts |
Everyone here is giving you pretty good advice. 200 Morgans at the lowest would give you about $4,000 dollars. You say that is about 1/4 of the amount. There for total would be 800 in total which is about $16,000 dollars. A lot of people who see you coming are going to give you a low estimate in my opinion. Silver is going to up in the near future so best to hold on to the Morgan dollars because if any thing you would be saving for the future. It is always easy to spend if you have the money. Sit on the silver and wait. Then in the future when you are glad you waited, you can come again on this board and thank us all for telling you to wait. Good luck and relax. If you Dad saved them from years ago it took him a long time to save them. Back in the days silver Morgans were in good shape with not a lot of wear on the coin. Therefore we can assume the Morgan dollars are in pretty good shape. In the future when you do decide to make a decision then get yourselves a good appraiser to go thru the coins and give you a fair decision. Good luck |
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Replies: 12 / Views: 1,382 |
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Posted 04/04/2023 10:11 pm
