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Traded 50 1oz Canadian Grizzly For 68 Morgans

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Russ789's Avatar
United States
623 Posts
 Posted 08/06/2011  4:35 pm Show Profile   Bookmark this topic Add Russ789 to your friends list Get a Link to this Message Number of Subscribers
Reaching out to the forum members to see who got the better end of this deal.

I had 50 1oz silver Canadian Grizzlys that I paid spot + $2 premium per coin.

I traded for the following 68 Morgan dollars. I was disappointed by a few of the worn coins.

I am not a Morgan expert so please let me know what you think!

Traded-50-1oz-Canadian-Grizzly-For-68-Morgans
Traded-50-1oz-Canadian-Grizzly-For-68-Morgans
Traded-50-1oz-Canadian-Grizzly-For-68-Morgans
Edited by Russ789
08/06/2011 4:35 pm
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SilverCoinBoi's Avatar
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458 Posts
 Posted 08/06/2011  4:49 pm  Show Profile   Bookmark this reply Add SilverCoinBoi to your friends list Get a Link to this Reply
I love Morgans, but I am no expert. Just seeing all those Morgans makes me jealous :)

Did you make this trade on here, or at a shop?
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Tunnioc's Avatar
United States
3177 Posts
 Posted 08/06/2011  4:53 pm  Show Profile   Bookmark this reply Add Tunnioc to your friends list Get a Link to this Reply
Any CC mint marks in the bunch?
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Russ789's Avatar
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 Posted 08/06/2011  4:54 pm  Show Profile   Bookmark this reply Add Russ789 to your friends list Get a Link to this Reply
I did the trade with an individual. No CC mint marks...I did know to check for those. ;-)
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Tunnioc's Avatar
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 Posted 08/06/2011  5:17 pm  Show Profile   Bookmark this reply Add Tunnioc to your friends list Get a Link to this Reply
Well not knowing how much spot you paid for the Grizzly's, at today's silver spot, I'd say it was an even trade. Good start on a Morgan set.
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SilverCoinBoi's Avatar
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458 Posts
 Posted 08/06/2011  5:20 pm  Show Profile   Bookmark this reply Add SilverCoinBoi to your friends list Get a Link to this Reply
Seems like a fair trade to me.
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Russ789's Avatar
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 Posted 08/06/2011  5:27 pm  Show Profile   Bookmark this reply Add Russ789 to your friends list Get a Link to this Reply
From what I can tell, Morgans are sold in AG and VG+ grades. There are probably 9 coins that are not VG, which is what I was supposed to get. If I were to sell them, say on the this forum or locally on craigslist what is fair for them? Spot? Spot + a premium?
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SilverCoinBoi's Avatar
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458 Posts
 Posted 08/06/2011  5:29 pm  Show Profile   Bookmark this reply Add SilverCoinBoi to your friends list Get a Link to this Reply
I think they are going for about 35 dollars each right now.
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SsuperDdave's Avatar
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 Posted 08/06/2011  5:31 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
I'd say you came out rather to the good; a Morgan cannot be found for less than $30 on ebay and rarely under $35.

Are you interested in Morgan varieties?
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Canadian-Banknotes's Avatar
Canada
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 Posted 08/06/2011  5:33 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply
I usually see well worn Morgan dollars go over spot.
Edited by Canadian-Banknotes
08/06/2011 5:33 pm
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Russ789's Avatar
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 Posted 08/06/2011  5:34 pm  Show Profile   Bookmark this reply Add Russ789 to your friends list Get a Link to this Reply

Quote:
Are you interested in Morgan varieties?


If you find any varieties that demand a good premium let me know. I will cut you a deal if you want the coin.
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SsuperDdave's Avatar
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23522 Posts
 Posted 08/06/2011  7:11 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Tough from the photos presented; I'll give you a couple of (relatively) quick keys to cherrying notable varieties from circulated Morgans (many Morgan varieties are common enough so that only Mint State examples offer increased value):

First, stack the 1921-P's, and report finding any whose reeding is noticeably wider than the others - it'll be also wider than any of the Morgans from other dates. Another 1921 possibility is to look for pitting caused by rust on the reverse. If there, it will be noticeable near the tailfeathers, UN/LL, or in the (viewer's) left wing and/or left fields. These are all separate possibilities, not connected to each other. Any 1921's from the other two mints, we will want to explore individually.

Second, with the other dates, look for classic signs of clashing. If you don't know what those are yet, let me know and I'll run it down for you. This would be only a first step towards nailing potential value-added varieties; clashing is common on Morgans but a few of them have considerable additional value.
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Bryan1315's Avatar
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14454 Posts
 Posted 08/07/2011  05:19 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
you better drop the Morgans and run away, SD is trying to convert you into as VAMmer and once it takes hold its very hard to ever break free (I don't know anyone that has ever succeeded breaking free yet)
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Namachieli's Avatar
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2120 Posts
 Posted 08/07/2011  10:04 am  Show Profile   Bookmark this reply Add Namachieli to your friends list Get a Link to this Reply
52.5 ounces of silver in those Morgans. Good deal IMO.
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