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Morgans Back In The Day

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Sidekick-CA's Avatar
United States
509 Posts
 Posted 04/26/2011  2:18 pm Show Profile   Bookmark this topic Add Sidekick-CA to your friends list Get a Link to this Message Number of Subscribers
1897 sale of the John F. Bateman Collection, mostly all proofs:

1878 8 tail feathers, EF ($1.50) 1882 Fine ($1.20) 1888 Br Proof $1.20)
1878 CC 7 tail feathers VF ($1.75) 1883 Br Proof ($1.30) 1889 Br Proof ($1.20)
1879 Br Proof ($1.20) 1884 Br Proof ($1.20) 1890 Br Proof ($1.20)
1880 Br Proof ($1.05) 1885 Br Proof ($1.20) 1891 O VF ($1.20)
1881 Br Proof ($1.20) 1886 Br Proof ($1.20) 1892 Br Proof ($1.20)
1887 Br Proof ($1.20) 1893 Br Proof ($1.20)

Sounds fantastic and I'm asking myself where is my time machine. Even after adjusting for inflation.....what cost $1.20 in 1897 would cost $31.02 in 2010. Mighty nice price for a Br Proof Morgan and that's with the numismatic value added in since they were sold for over face value. From Bowers Guide Book of Morgan silver dollars.
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Bryan1315's Avatar
United States
14454 Posts
 Posted 04/26/2011  3:13 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
I bet they thought those prices were outrageous for a coin they didn't like anyway and some could be found in circulation pretty easily at that time
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Danester's Avatar
United States
213 Posts
 Posted 04/26/2011  5:38 pm  Show Profile   Bookmark this reply Add Danester to your friends list Get a Link to this Reply
Put your thinking caps on - look around today and figure out what are equivalent values. Many times the things that escape the wastebasket are the ones that become valuable.

Staying in the numismatic area - my Thinking Cap points to the 95% copper Lincoln Cents (Wheats and LMC) coins that can be found in rolls and pocket change for face value. Plus, dates that are visually pleasing - VF(Choice), XF(Choice), AU(58's), and BU.

Also, all Nickels (25% Nickel, 75% Copper) now worth 6.9 Cents each. I save all my nickels!

Back in the 1950's as a young boy I could buy bank rolls of Nickels that many times were 50% or more Buffalo nickels. I'm now sitting on over 50,000 Buffalo nickels.

Then, in the 1990's I could by Silver for 5 x face or less. I'm selling Silver now.

Continually be looking to Zig while others Zag.

The Danester
Edited by Danester
04/26/2011 5:39 pm
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Bryan1315's Avatar
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14454 Posts
 Posted 04/26/2011  7:33 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply

Quote:
Put your thinking caps on - look around today and figure out what are equivalent values.

Nothing, since we do not have any precious metals in our coins and the fact so many are made there is nothing that I can think of that would even come close to be worth what coins that were minted back then are worth today
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Collecta83's Avatar
United States
25 Posts
 Posted 04/28/2011  12:05 pm  Show Profile   Bookmark this reply Add Collecta83 to your friends list Get a Link to this Reply
I've heard about keeping your nickels. But since so many are in circulation, I couldn't imagine them being worth very much in the longrun. Is there a certain year I should set my eyes on? My daughter's piggy bank is so full and I actually found an Eisenhower dollar. I know they're not worth much but I won't lose that.....just in case!
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w1a9c8k5's Avatar
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1348 Posts
 Posted 04/28/2011  2:57 pm  Show Profile   Bookmark this reply Add w1a9c8k5 to your friends list Get a Link to this Reply
I agree. Got an extra seat in that time machine?
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 Posted 04/28/2011  6:17 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
I bet they thought those prices were outrageous for a coin they didn't like anyway and some could be found in circulation pretty easily at that time

What do you mean at that time. When I was a kid Indian Head cents were common. Jefferson nickels were the rare ones since they were just comming out. No such thing yet as a Roosevelt dime just yet but soon. Sitting Liberty coins were common in change. Walking Liberty halves were the common ones. My Dad had a coke machine that kept getting messed up with people putting large cents in the thing. Was supposed to be a Nickel. I filled a Lincoln Cent Folder from my Dad's change in a few Months. And all filled.
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Jdgarst0720's Avatar
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259 Posts
 Posted 04/29/2011  08:46 am  Show Profile   Bookmark this reply Add Jdgarst0720 to your friends list Get a Link to this Reply
Wow, just carl. That sounds like a great way to start your hobby. I started in the 70s collecting Lincoln cents from a nearby coin store. I got a Whitman folder and got a good start on the collection, which still has holes for the most expensive ones! Buffalo nickels followed that, then.
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Conder101's Avatar
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17884 Posts
 Posted 04/29/2011  10:19 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
My Dad had a coke machine that kept getting messed up with people putting large cents in the thing. Was supposed to be a Nickel.

Large cents or Half Cents? A large cent is closer to half dollar size. A Half Cent would be close to nickel or quarter size.
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Bryan1315's Avatar
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14454 Posts
 Posted 04/29/2011  2:08 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply

Quote:
What do you mean at that time. When I was a kid Indian Head cents were common.

I was just saying at the time that article was written they didn't even like the Morgan so I bet they thought that was outrageous, not that they got popular after that article and people would have paid that freely
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