Rare Morgan Dollars! - Coin Community Forum

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Author	Replies: 5 / Views: 1,749
clembo Valued Member United States 442 Posts	Posted 09/17/2009 9:23 pm Had an impressive collection come into the store today. LOTS of Morgans, most of which the boss purchased. They guy that sold them is married to my boss' Calculus professor from college. The boss graduated in 1964 I believe so this was an older gentleman with coins bought many years ago. 4 coins are being sent in for grading (my boss does not own these as of yet). Two of the coins being slabbed are rather tough to find. Those would be the 1893-S Morgans. At a glance I'd put them at VF30 to XF40. At a glance I also put them as harshly cleaned. OUCH! At a glance I'd also put the 1894 at roughly the same grade and also harshly cleaned. FINALLY, at a glance, I'd put the other 1894 at VG but ORIGINAL. Hey, one out of four ain't bad. I figure the boss will most likely end up owning these coins when they get back from ANACS. He'll own them for far less than he would have if they HADN'T been cleaned. He'll also sell them for far less than original coins. I reiterate. OUCH! Report this Post to the Staff

Gothic Florin Pillar of the Community United States 2541 Posts	Posted 09/18/2009 08:56 am I hate seeing rare date coins that have been cleaned. Did you ask the old guy if he was the one that cleaned them? Report this Post to the Staff
SammyBlade Valued Member United States 52 Posts	Posted 09/18/2009 11:28 am Wow... those 1893-S morgans in XF are worth anywhere from $5,000 - $7,500. Poor old guy didn't know what her had. Report this Post to the Staff
clembo Valued Member United States 442 Posts	Posted 09/18/2009 7:33 pm I'm certain they were cleaned when he bought them as they are still in the original holders with prices on them. He paid around $550 each. Also the guy knows what he has. We have not bought them at this point. We are sending them to ANACS to get graded and verified for him. We will most likely purchase them when they come back and pay a fair price. Report this Post to the Staff
xshift Pillar of the Community United States 2669 Posts	Posted 09/18/2009 7:38 pm Quote: We are sending them to ANACS to get graded and verified for him. We will most likely purchase them when they come back and pay a fair price. Clembo - sounds like your boss is top-grade himself Report this Post to the Staff
DVCollector Bedrock of the Community United States 10045 Posts	Posted 09/18/2009 7:51 pm Report this Post to the Staff
	Replies: 5 / Views: 1,749

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