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1889-O Morgan Dollar

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NumisEd's Avatar
United States
5190 Posts
 Posted 02/15/2025  10:40 am Show Profile   Bookmark this topic Add NumisEd to your friends list Get a Link to this Message Number of Subscribers
Not my coin, pics from seller.
Listed for $54. I have it at VF so price seems a bit steep. What do you think?
1889-O-Morgan-Dollar
1889-O-Morgan-Dollar
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Errers and Varietys's Avatar
United States
74299 Posts
 Posted 02/15/2025  12:24 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
VF sounds about right.
Errers and Varietys.
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 Posted 02/15/2025  1:50 pm  Show Profile   Bookmark this reply Add adam126402 to your friends list Get a Link to this Reply
$54 is too pricey, IMO. I'd look for a better deal.
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NumisEd's Avatar
United States
5190 Posts
 Posted 02/15/2025  2:06 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply

Quote:
$54 is too pricey, IMO. I'd look for a better deal.

What would you pay, if anything, for this coin?
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 Posted 02/15/2025  2:26 pm  Show Profile   Bookmark this reply Add adam126402 to your friends list Get a Link to this Reply
Overall, It is a nice looking VF common date Morgan, I wouldn't pay more than $40 delivered. I will add that Greysheet retail for VF35 is $49. I see in ebay sold listings some XF holdered coins selling i$45-65.
Edited by adam126402
02/15/2025 2:32 pm
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NumisEd's Avatar
United States
5190 Posts
 Posted 02/15/2025  3:40 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
Apart from the high asking price, I think I see some wipes marks on Liberty's face as well. As a result, I will pass and look for a better, more affordable coin.
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ericgreen's Avatar
United States
1515 Posts
 Posted 02/15/2025  7:58 pm  Show Profile   Bookmark this reply Add ericgreen to your friends list Get a Link to this Reply
Good choice passing. It has an old cleaning, 50/50 shot at straight grading. Also I don't think it has enough to make VF. F12
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-makecents-'s Avatar
United States
8760 Posts
 Posted 02/15/2025  8:43 pm  Show Profile   Check -makecents-'s eBay Listings Bookmark this reply Add -makecents- to your friends list Get a Link to this Reply

Quote:
What would you pay, if anything, for this coin?


Not much more than melt, which is about 25 bucks right now. Not a great date or a rare VAM and definitely not a high end coin. My 2 cents, that may not be made anymore.
-makecents-
Edited by -makecents-
02/15/2025 8:45 pm
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 Posted 02/15/2025  11:07 pm  Show Profile   Bookmark this reply Add NumismaticsFTW to your friends list Get a Link to this Reply
Zero chance this is a vf coin, not sure how multiple people can think that.
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IndianGoldEagle's Avatar
United States
36770 Posts
 Posted 02/18/2025  5:10 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
VF-25 straight grade.
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NumisEd's Avatar
United States
5190 Posts
 Posted 02/18/2025  9:36 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
Hopefully I will see some nice Morgan dollars with circulation cameo at the Long Beach Expo.
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Pacificoin's Avatar
Canada
5394 Posts
 Posted 02/18/2025  10:26 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Slides through for a VF20.
Would likely straight grade as
the old light cleaning is not too
Bad!
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BH1964's Avatar
United States
10982 Posts
 Posted 02/19/2025  12:00 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
15 years ago circulated, common date Morgans were easy to find for well under $20, sometimes $15. It's amazing what prices they bring today. I still wouldn't value that one over $30 today.
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Pacificoin's Avatar
Canada
5394 Posts
 Posted 02/19/2025  02:05 am  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
They melt at over $26 .
Arizona Coin is buying @ over $28 for Fines .
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fenton's Avatar
United States
4989 Posts
 Posted 02/19/2025  08:03 am  Show Profile   Bookmark this reply Add fenton to your friends list Get a Link to this Reply
Wholesale is about $35. About $25 of that is melt value so you're looking at a market numismatic value of about $10. It's not really appropriate for a dealer to slap more than 3-5% on top of melt but 20% premiums for numismatic value are common so I think a price around $40 would be reasonable if a bit high. Anything over $40 is IMHO a ripoff for something that is mostly a bullion coin.
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panzaldi's Avatar
United States
18670 Posts
 Posted 02/21/2025  07:13 am  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
its a pass at that price
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