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 Replies: 10 / Views: 1,959 |
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New Member
United States
2 Posts |
Hello Everyone, I am in no way a coin collector, but my father has passed on his collection to my daughter as a sort of getting started in the world fund. I am curious about one of the Morgan's we have. A jewelry/coin shop told me it was not worth more than $16 but he was looking at a cheat sheet. I would appreciate any feedback you can give.   |
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Valued Member
United States
313 Posts |
It has $27.00 worth of silver alone but let's see what some of the other folks on here think.  |
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Pillar of the Community
United States
608 Posts |
First, welcome to the CCF. I'm no expert on Morgan dollars, but your coin looks to be MS condition. That said, to a collect it may be worth $50 or more. To a dealer you're lucky if you'll get $25. Remember he/she has to resell it. |
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Pillar of the Community
United States
1213 Posts |
I agree that it looks mint state, but the color seems a bit off. Perhaps cleaned?
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New Member
 United States
2 Posts |
Thanks for all the responses, and the welcomes. I love going into these hobby sites, where people love their endeavor but welcome layman like myself. You all are very ingratiating.
I have three other Morgans that have not been as polished, instead of bothering everyone with an appraisal on each one, is there something I should look for that would denote value above and beyond the regular coin?
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Pillar of the Community
United States
3076 Posts |
The coin looks to be VAM 17, possibly 17A but we need clearer close up photos of the reverse area around the mint mark and DOLLAR,, and please feel free to post picturesw for advice on your coins that is why this site is here, its no bother to help you.. |
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Bedrock of the Community
United States
14454 Posts |
I was going to say it is a VAM-17 also because of the hair curls missing but would also need better pictures to tell which one it is. If its a 17A it would be a more valuable coin that just a regular 1878-S but still worth more than 16.00 even if selling for just silver content
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Pillar of the Community
United States
1150 Posts |
The three factors that really give a coin value are condition, date and mint. Some coins can be in bad condition, but be very valuable due to where they were made and in what year. Or they can be a common date/mint, but be somewhat more valuable due to good condition. You probably don't want to get started by looking for ' VAM's (a detailed catalogue of Morgan dollars by die (what coins are made with) varieties) to determine value. The easiest method would be to check the date/condition/mint and purchase a ' Red Book' (coin price guide), which will give you a rough estimate as to your daughter's coin values. The Red Book and Blue Book coin price guides are what really got me hooked in the hobby, as they are loaded with all sorts of fun information on coins. Maybe the same will happen with your daughter (I have an 19th mo old daughter, and I hope she picks up coins as well). |
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Valued Member
United States
140 Posts |
It almost looks like it was polished or buffed at some point. It may just be the lighting on the coin, but the areas around the lettering and stars look to be different. I'm not an expert by any means, that's just my opinion. I could be wrong.
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Bedrock of the Community
United States
14454 Posts |
I believe this is just a scan which is causing the coin to look like this but there may be problems that can't be determined by the pictures provided
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Valued Member
United States
299 Posts |
I would not hesitate to give 35 for that as shown and might go over fifty to sixty depending what I could see in hand or with better photos.
Some dealers will lowball drastically, esp if you give an indication you don't know anything about them.
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Replies: 10 / Views: 1,959 |
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Posted 05/14/2011 3:45 pm
