| Author |
 Replies: 12 / Views: 2,226 |
|
|
Valued Member
United States
240 Posts |
Need some advice in regards to some silver dollars. I was approached by someone in regards to possibly purchasing some silver dollars. I am not an expert and was hoping for some opinions concerning the coins such as what kind of shape they appear to be in and what would be a fair price. The person has set a price as to what they want for the coins. I just want to see if it would be a fair deal. Sorry about the scans I know a photo of each coin would be needed for a true assessment but I am just trying to get some fair opinions. Thanks for any help. The coins have not been graded to my knowledge. The silver dollars are 2 1891 1 1878 1 1890 s 1 1879 s 1 1887 s 1 1878 s http://s1214.photobucket.com/albums...3/spring423/Edited by spring423
03/20/2011 2:18 pm
|
|
|
|
Pillar of the Community
United States
3184 Posts |
I'd be very careful as there are fake silver dollars floating around. I don't buy any at all because of how good the chinese fakes, its scary!
How did this person approach you? Did you have a craigslist ad or something? If I were you, read up on morgan diagnostics to tell fakes from the real and maybe even a scale to weigh the coins.
|
|
Pillar of the Community
United States
2797 Posts |
Sorry spring423, With those photos I can only guarantee they are worth "melt" if they are genuine. All of those dates and mints are considered "common" and only bring substantial money in higher uncirculated grades. Now after saying that, there is a market for Morgan die varieties (Called Vams - See section above). I sold an XF example of an 1878 variety for $3500+ not long ago. Without larger pictures/scans that show detail, there's not much we can do to help. If you want to take the time to scan each coin individually and post the pictures in the VAM section, we will give it our best shot. Who knows ... you may be sitting on a treasure and not know it.  |
|
Pillar of the Community
United States
1213 Posts |
I agree w/ SeatedNut - better pics would be needed for an honest opinion. Be very careful of the fake ones.
|
|
Valued Member
 United States
240 Posts |
OK thanks. The person selling them I have known for a period of time. As far as being fakes could be possible as the person selling them is not an expert either. The price that they wanted was right around melt value. I may see if I can take them to a coin dealer and see what they say and go from there. Hate to see them sold to be melted that's the reason I was checking.
|
|
Valued Member
United States
463 Posts |
its not too hard to tell fake silver dollars from real ones, the fakes are silver plated and weigh 2 grams lighter. Your just being paranoid not buying any silver dollars
|
|
Valued Member
United States
240 Posts |
No I'm not being paranoid, just like anything in life best to check, research, before doing anything. To many people make quick decisions and sometimes it comes back to bite them.
|
|
Moderator
 United States
23522 Posts |
Quote:
its not too hard to tell fake silver dollars from real ones, the fakes are silver plated and weigh 2 grams lighter. Wrong. Deceptively so. There are counterfeits out there whose silver content is even higher than the Morgan alloy. Please learn more about counterfeits before you willingly spread misinformation. |
|
Bedrock of the Community
United States
20753 Posts |
Quote:
its not too hard to tell fake silver dollars from real ones, the fakes are silver plated and weigh 2 grams lighter. Your just being paranoid not buying any silver dollars Someone beat me to that one. Quote:
Wrong. Deceptively so. There are counterfeits out there whose silver content is even higher than the Morgan alloy. Please learn more about counterfeits before you willingly spread misinformation. Really true. China counterfeiters well know that to sell a fake you need to make it really look, feel, weigh as if real. They make them so good I've always wondered why our Mint doesn't oursource our coinage to them now. maybe they do and we just don't know it. And if you think a slab makes a difference. Again, China is making those too. |
|
Valued Member
United States
463 Posts |
"Quote:
its not too hard to tell fake silver dollars from real ones, the fakes are silver plated and weigh 2 grams lighter.
Wrong. Deceptively so. There are counterfeits out there whose silver content is even higher than the Morgan alloy. Please learn more about counterfeits before you willingly spread misinformation."
Where not talking about rare date Morgans, where talking about common date Morgans and if there going to be faked you think there going to put the same amount of silver in it. Tell me I'm wrong about that too right, it was a quick comment to another comment saying I'm not buying silver dollars anymore due to alot of fakes being out there. Nice to see you jump the gun on what other people know based on a sentence or two, obv. rarer dates there are different standards to counterfeits like those in gold coins but all the coins listed are common dates so the basics are correct.
|
|
Bedrock of the Community
United States
20753 Posts |
Quote:
Where not talking about rare date Morgans, where talking about common date Morgans and if there going to be faked you think there going to put the same amount of silver in it. Tell me I'm wrong about that too right, Really sorry to say counterfeiters really have little smarts as to what should and what shouldn't be made. They not only make expensive, rare coins but some make even really cheap stuff. Ever see all those reconditioned 1943 Lincoln Cents. I don't now for sure but I suspect many are using more material and time and end up selling for a few cents. I've seen and have a counterfeited Quarter. No, not a rare one, just a common date. People that can make fake stuff, make fake stuff of almost anything. They used to make fake Beanie Babies too. Fake Duracell batteries until no one knows how to spell the real ones anymore. There was even a movie made about a old guy that couterfieted one dollar bills. If it can be faked, someone will fake it regardless of the cost. |
|
Rest in Peace
United States
9104 Posts |
Quote:
Really sorry to say counterfeiters really have little smarts as to what should and what shouldn't be made. They not only make expensive, rare coins but some make even really cheap stuff. The counterfeiters have enough smarts to know that rare coins need to weigh the right amount. They also know that there's no point in making full-weight fakes of coins that trade for bullion value. If you have $27 worth of silver, what is gained by making a fake dollar with it to sell for $27? |
|
Pillar of the Community
United States
1510 Posts |
bring a magnet-- I saw a few a month ago that stuck to a magnet
Retired USAF 1983-2003
|
| |
Replies: 12 / Views: 2,226 |
|
Posted 03/20/2011 3:15 pm
