#8. 1879-O Morgan Dollar. Another Problem Coin.

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Author	Replies: 10 / Views: 560
Dowhat Pillar of the Community United States 876 Posts	Posted 08/25/2024 12:12 pm Another cleaned example I am afraid. I would like to know how some of you would handle a collection like this. Keep it intact and downgrade the problem coins, or piece it out? He wants me to liquidate it. What would be the best course of action here? Report this Post to the Staff

IndianGoldEagle Bedrock of the Community United States 36575 Posts	Posted 08/25/2024 1:30 pm AU details, cleaned. Report this Post to the Staff
NDBirdman Pillar of the Community United States 747 Posts	Posted 08/25/2024 2:10 pm Plenty of folks buy those as stackers, I have in the past. When I buy stackers, coins like yours, IF I have an empty spot in my book, I put it there until I find one I want, usually MS non-cleaned, definitely non-toned. Probably not what you want to hear but, it is what it is. How many total of these cleaned do you have on hand? To be honest, I have not bought coins for a while so I don't know what each is worth as a stacker but if you want to part with them, I can find out and take them off your hands if interested, if not, there's lots of stores/individuals that will. I suggest placing them in the classified on this site, someone would take them. As individual collectable coins, I don't see that happening but that's just me. Good luck with them. Report this Post to the Staff
Dowhat Pillar of the Community United States 876 Posts	Posted 08/25/2024 2:26 pm Thanks Birdman. I was heading in that direction myself. The majority of these coins are details. I am a stacker first not a collector except for Lincolns. I may to sell a few of these at an adjusted price (downgraded) according to the severity. If any bring over junk prices when offered up I'll let em go and use the proceeds for more 90%. From this point on I'm only going to put up possible straight grades from this collection. We're thinking alike. Thanks Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 08/25/2024 3:02 pm Agree, AU details (cleaned). Must admit most of what you have carries little numismatic premium. Report this Post to the Staff
Dowhat Pillar of the Community United States 876 Posts	Posted 08/25/2024 3:19 pm Quote: Agree, AU details (cleaned). Must admit most of what you have carries little numismatic premium. Hate to break the news to Pops. Report this Post to the Staff
Errers and Varietys Bedrock of the Community United States 73747 Posts	Posted 08/25/2024 3:44 pm Agreed, AU details, cleaned. That's a bummer. Errers and Varietys. Report this Post to the Staff
livingwater Pillar of the Community United States 2215 Posts	Posted 08/26/2024 1:51 pm Worn what's called "cull" Morgan dollars sell above melt value. Some stackers like them. On ebay currently they are selling for roughly $25-$30 each in tubes of twenty. Though the Morgans you've posted have problems they should still sell for more than cull prices in my opinion, they are in better shape than culls. You could check ebay sold listings to get an idea of prices, say in the EF to AU range, cleaned, details. Edited by livingwater 08/26/2024 1:56 pm Report this Post to the Staff
paralyse Bedrock of the Community United States 12057 Posts	Posted 08/26/2024 2:43 pm High AU details. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis Report this Post to the Staff
psuman08 Pillar of the Community United States 1758 Posts	Posted 08/26/2024 3:27 pm Agree with @livingwater Report this Post to the Staff
Dowhat Pillar of the Community United States 876 Posts	Posted 08/26/2024 8:35 pm Livingwater, that is exactly the course I am taking. It is quite a selective process to be fair to buyers which is always my first concern. Anything above melt, I use to upgrade his completed collections. He has five completed Walker sets I am working through now to make one nice one. Also another 6 short sets completed. Lots to turn over and go up several grades on one. These Morgan's will be on the shortlist for the same. Thanks for the input. Lots of work to do. Report this Post to the Staff
	Replies: 10 / Views: 560

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