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All Forums Category: US Coins and Currency Forums Forum: US Peace and Morgan Dollar VAM

1899 Morgan Being Sold For 50 Bucks?

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Leopard11
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 Posted 03/24/2011  11:55 am Show Profile   Bookmark this topic Add Leopard11 to your friends list Get a Link to this Message Number of Subscribers
This seller is selling an 1899 morgan for $50 on CL. I'm very leery of buying. Should I even bother to go look at it? Talked with him and he says its in AU condition. Are there a lot of fakes for that year out there? I am thinking it has to be a faker. It would have a value of over $1000 I'm sure. He seems knowledgeable of coins too.. It says its a low mint year like 300,000. Key date I think.
SeatedNut
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 Posted 03/24/2011  12:35 pm  Show Profile   Bookmark this reply Add SeatedNut to your friends list Get a Link to this Reply
The 1899 is a desirable coin for the Morgan collector, but you're way too high on the pricing. An AU coin goes anywhere from $150-$250. Still, $50 is way low. I would suspect it is either a copy or a problem coin (cleaned and/or damaged). Also, the 1899 is a pricing enigma compared to most other Morgan dates/mints. There is very little difference between the grades until you reach the MS66+ range. One can pick up a nice MS63 for just $100 more than an AU coin. I would definitely want to check the coin out before locking any $$ into the deal.
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All Forums Category: US Coins and Currency Forums Forum: US Peace and Morgan Dollar VAM



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