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 Replies: 16 / Views: 3,482 |
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Valued Member
United States
313 Posts |
O.k. here's the story guy at work today say's he has 25 Morgan dollars been in his dresser drawer for 30years has no interest in them I do some quick math and tell him without seeing any of them I'll give you 450.00 for them he say's bring the 450.00 to work tommorow and ther your's. Even if there all common date's in fair condition the got to be worth 450.00?Yes or No?  |
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Bedrock of the Community
United States
11951 Posts |
In my local coin store common circulated Morgan dollars would cost me $18.00 to 19.00. So your purchase would be right at what you would expect to pay, just hope there are none that are really beat up or worn smooth. They could be worth less .. IMO When I make offers like that .. I call a local coin shop and ask what they are buying at, then I offer that price or even a little less .. I would think dealer buy price would be around $16 to $17. Of course I am sure you will be hoping there could be some that are better than common Morgans. Edited by GR58
06/10/2010 9:15 pm
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Valued Member
United States
188 Posts |
The silver alone is worth 354.43. AS long as they are not cleaned or wrecked I would guess you did alright.
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Valued Member
United States
60 Posts |
Even if they are common dates in fair condition, I would think they would still be worth it. 90% silver and numismatic value. Although I personally would want to see their condition first, and try to low-ball him. Is he into coins at all?
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Valued Member
 United States
313 Posts |
he is not into coins at all but I also have to see him every day so I also want to be fair to both of us
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Pillar of the Community
United States
1745 Posts |
Depends on the condition/dates. You will probably be ok. Let us know how it turns out.
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Pillar of the Community
United States
687 Posts |
I wouldn't pay retail prices for coins out of some guy's sock drawer unless I knew they were decent. I would have offered melt sight unseen and hoped I didn't end up with a bunch of beat up 1921's. Say ~350 or so - if he knows what he has he can counter offer you - otherwise you're at least offering the guy more than a pawn shop or coin dealer will.
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Valued Member
United States
187 Posts |
Quote:
I wouldn't pay retail prices for coins out of some guy's sock drawer unless I knew they were decent. I would have offered melt sight unseen and hoped I didn't end up with a bunch of beat up 1921's. Say ~350 or so - if he knows what he has he can counter offer you - otherwise you're at least offering the guy more than a pawn shop or coin dealer will.
 ------------------- Exavier (aka ROD-O) |
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Pillar of the Community
United States
2335 Posts |
I just sold 12 common date Morgan/Peace dollars here on the forum in an auction. They were in decent shape but their color indicated they had been cleaned in the past. Based on that I started the auction at $14/each, which was slightly less than melt. There wasn't any bidding frenzy.....9 sold for the opening bid & the other 3 sold for slightly more than that. At $18 each for a lot that size of common date coins I'd expect BU coins.
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Valued Member
United States
120 Posts |
let us know what you get!
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Valued Member
United States
313 Posts |
outcome-1st.he only has 19pcs. the following 8/21p-1/96p-1/85o-2/89o-2/81s-1/79p-1/99o-1/84o-1/79o-182s none are terriable but none are MS I would say good to EF offered him 300.00 no go. I walked what do you think?
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Pillar of the Community
United States
2120 Posts |
I dont know much about dates for morgans but....
I think it was smart to walk away. There's a good chance he knows what he has and was trying to make a quick buck. He could have easily gone down to a coin store, bought them for melt and tried to pawn off on you.
Old people can be sneaky like that.
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Valued Member
United States
60 Posts |
I dont know if there are any key dates there, but if they're all common, he was offered a fair price of almost $16 each I think. You say they were all heavily circulated. Anybody can get AU-BU Morgan's for $20-$22 all day long. I dunno, I think it was smart to walk away, I think he thinks he has something he does not.
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Pillar of the Community
555 Posts |
Hey OP, I love your handle. Were you named after the A-Bomb dropped on Nagasaki?
Edited by Neil
06/11/2010 7:46 pm
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Pillar of the Community
United States
4000 Posts |
I would have guessed more along the lines of Harley's.
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Valued Member
United States
313 Posts |
Harley's  |
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Replies: 16 / Views: 3,482 |
Posted 06/10/2010 9:10 pm
