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 Replies: 13 / Views: 1,495 |
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Valued Member
United States
439 Posts |
What are you guys willing to pay for a common, circulated morgan?
I would think 1 dollar below melt is fair. I would think silver is the only value. Am I wrong? Please advise.
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Pillar of the Community
United States
4989 Posts |
I think most peer to peer buyers would be very satisfied if the coins were sold at melt. Most dealers will pay under melt I never cease to be shocked when I take a coin into a local shop for evaluation. Not atypical for them to offer 50 cents on the dealer v/ grey sheet bid.
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Bedrock of the Community
United States
14454 Posts |
Morgan is a crazy beast, it may be a common date and be a rare VAM and even in circulated condition can bring a huge premium. Of course that is just to a VAM collector which ios a specialty crowd that even though is growing is still rather small when looking at collectors as a group |
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Valued Member
United States
72 Posts |
Forgive my ignorance but what is VAM? For that matter is there anywhere that explains all the abbreviations used here? |
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Valued Member
 United States
439 Posts |
I was trying to buy some Morgans and offered the guy $20 a coin for circulated common. He took it as a personal insult saying that there in Intrinsic and numistic value of at least $3 per coin, blah blah blah. I walked. I figure I will pay what I know I can turn around and dump it for if needed. I really love Morgan and Peace dollars. |
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Pillar of the Community
United States
4989 Posts |
They have a numismeltic value of about $20 :)
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Valued Member
United States
455 Posts |
The Morgan dollars are what I mainly collect raw and slabbed. I wouldn't pay over 20.00 per circulated coin because you can get them in mint state for sometimes less than twice that amount. |
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Pillar of the Community
United States
1304 Posts |
dzrick, Go to this website.... http://www.vamworld.com/Left hand side of the page under the word "Navigation", click on the word "Home". It will tell you the info you are wanting.  |
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Valued Member
United States
72 Posts |
Thank you Wornslick, felt dumb having to ask but dumber if I hadn't!
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Moderator
 United States
23522 Posts |
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Valued Member
United States
463 Posts |
you know melt is 22, its hard to get dollars under melt unless someone wanted to buy something ;)
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Bedrock of the Community
United States
14454 Posts |
Quote:
felt dumb having to ask but dumber if I hadn't! Please do not feel dumb by wanting to ask any question, you can bet if you have a question someone else has had the same question and may not have wanted to know and just went on through life without ever knowing. At least your way you now know the answer and will not have to do the same. Also now that you have asked if someone else happens to have the same question all they will have to do is search for the question on the forum and the answer will pop up. Believe me when I first started collecting I asked so many questions I thought in the back of my mind, everyone is going to think I am an idiot but still asked and learned as I went along as I still am |
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Valued Member
United States
72 Posts |
SuperDave, Thank you very much. That's what I was looking for!
Bryan,I know the only way to learn is to ask. I really just didn't want to if it had been asked a thousand times before.
I appreciate every-ones help, this has proven to be a very knowledgeable group and very willing to help a new guy learn.
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Valued Member
United States
439 Posts |
Thanks everyone. I appreciate your help. It looks like we are on the same page. I guess I am learning something.
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Replies: 13 / Views: 1,495 |
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Posted 12/01/2010 11:58 am
