Questions About Circulated Morgans

Well circulated common date Morgan's prices are determined by the melt value of silver and a small premium. The condition of the coin plays a smaller part on pricing on examples that are melt value if the weight is not an issue.

Morgan's in XF-AU condition have more variance in price. The condition of the example plays a large roll in the pricing. If the example been cleaned, damaged, scratched or low eye appeal, the price most likely is going to go below book value. If the example is solid for the grade and strong eye appeal, the price most likely will be above the book value.

I agree - a difficult question to answer, however, I always aim for mid to low MS coins first - and if out of my price range, I work down to AU.

I think it would depend on the greediness (or generosity) of the seller. BTW, use caution on purchasing MS coins, as many of them are cleaned but sold as MS.