Please Help! I Found A 1894 P Morgan Dollar

Definitely a high dollar coin , I suggest waiting for more than a few answers before making a decision.There are some specialists on here that will chime in within a day or two so please be patient on this one. And welcome to the forum, you have come to the right place.

Stop.

Take a breath.

Your images depict what sure looks like a genuine 1894, at least in as much detail as they show. The date is in the correct location for the one die pair known to have struck these, and I see no obvious characteristics of a fake.

With that said, many very high-quality counterfeits of this coin exist, and your first objective is to verify its' authenticity. The enthusiasm of the dealers you've spoken to helps. They can't be counted as reliable authenticators, though, and you can expect that any offer they give is mindful of a reasonable profit for themselves on resale.

On quick inspection, this coin could grade AU50, which would put its' retail value in the range of $1500 or better. And it behooves you to get it into the retail channel through a reputable auctioneer - even though you'll pay a percentage of your sale in auction cost, you will still do better than selling to a dealer at wholesale.

So, here are your first tasks: First, become comfortable with the idea that the more time you're willing to take, the more money you'll make on resale. Second, become aware of who/what the proper resale venues are - Heritage Auctions, Stacks-Bowers. Third, become familiar with the reputable third-party graders/authenticators, in your specific case PCGS in particular.

That should take you about 48 hours.

Then, make preparations to have the coin graded by PCGS. It'll cost you a few bucks, every dollar of which will be amply rewarded upon resale.

I know I'm speaking in generalities here. Posters will follow with specifics. Trust me on this.

when I said what I did above about sending it to a TPG to make sure its authentic I in no way meant that I didn't think it was genuine, I was just stating if you are going to try and sell it yourself it being in a TPG slab would make the buyer confident it was authentic and make it sell for more money than it would if it were raw (not graded by a TPG)

Ah. Seacoast, I'd imagine.

Then skip to Step 2 - make arrangements to submit the coin through him to PCGS. It's possible, if he has buyers, to do a consignment sale through him which would satisfy you both - he'd be trading raw profit for a quick, painless turnaround which would enhance his reputation for having handled such a coin and satisfying his buyer. You'd be losing a couple hundred dollars of potential profit in return for a relatively quick, painless transaction. Everybody wins.

Just familiarize yourself with current pricing, based on real-world sales of similar coins. Heritage Auctions' prior sales database is available to members, and membership is free. ebay is another source, but must be taken with a grain of salt.

this one sold for 1840.00 at Heritage in AU-53 condition a few days ago http://coins.ha.com/common/view_ite...&Lot_No=3988



Since he is a PCGS member that is who I would have him send it to because PCGS slabs will bring you more money in the end than NGC or ANACS will

Well, I for one, have not seen your first post so:

As to the coin, you have one we all would love in our collection. As one of our member suggested, take a deep breath and re-read your options.

Thanks for sharing your good fortune.

I am no expert, I have actually just started out in the coin business/market, but I would take the route of sending into PCGS and getting it graded, after that, sell it on ebay, you will make more profit because you are dealing with the end customer, rather than going through a coin shop and selling it wholesale.

get it graded and let us know!