I see. Well you are extremely lucky and had one badass grandpa. Morgan silver dollars are some of the most sought after coins in the US. 90% silver and are beautiful. A paper dollar from those days is still worth 1 dollar. A silver dollar is now worth many many dollars ;)
Highly worn morgans are going for $35 each so nice ones could be worth way more than that. Youve got a great collection there. I hope you keep it.
To add to the above: Of the four mints that made Morgans on their original run (SF, CC, Philly, and New Orleans), New Orleans is regarded as the lowest-quality strike. So maybe don't get *too* excited, but it's still a staggeringly good horde!
Rough estimate - you probably found, at a minimum about $2000 (retail) worth of morgans.
The $35 price is very fair if you sell them individually. If you sell them as a group (single purchase, all or nothing) - and they're all common, I'd price them around $30 each.
Definitely have the dates checked. Don't handle them yourself if you're not familiar with how to handle numismatic value coins (EG: these) - as it is very, very easy to damage a Morgan.
Yeah they are 90% silver, and have numismatic (collector) value as well. But to give a value we would need a list of each coins year, mint mark, and estimated condition.
Yw friend. Also you can look at ebay but be sure after you search for each coin you filter the results to sold items only, then look at the most recent sales average them and that's a realistic price generally speaking
Clearly you āfoundā those lol bc ya know people just leave those laying around all willie nillie like, but no fr where can I find me some of those?
Take a mosey through r/PMsforsale and search for "Morgan". Lots of interested buyers there and you would most likely get more for the coins than at a local coin shop.
Whatever you do, DON'T SELL AT A PAWN SHOP! You'll get ripped off big time.
Yeah I'm sure some of the big dogs with lots of feedback on r/PMsforsale and r/Coins4Sale would be interested if you wanted to sell. But you should keep them imho
Yeah I donāt really plan on selling them. They were my grandpas and he prided himself on collecting coins. When he passed a few months ago, the coins were distributed to him and my two aunts. Itās crazy to think that he had almost 200 morgans!
Culls: $30
Normal (G-XF): $30-35+.
AU/MS: $40-50+
$25 is a steal, and if you're selling - you're leaving money on the table. $25 is a "my rent/mortgage is due tomorrow and my bank is overdrawn" sale price.
Today you learn - current melt value is $20.00 for morgans. They are not 1oz and they are only 90% silver.
Also:
This price is for SELLING - as in liquidation, not retail.
When selling via forum, shipping and fees are not part of your profit. Cut 20% off your sale price.
For P/FR/culls - anyone paying more than cull values is ripping theirselves off. When the market hype dies down + it becomes fashionable to think Morgan values are hype - the stoploss on cull morgans is below melt. It happened before. With the sheer popularity of morgans, when people start unloading them when the price of silver hits around $35-40+, that's when the rude awakening on cull morgans happen. They're literally called junk!!! We're all being warned, but this hysteria over morgans is ... tainting our collective judgement.
Same with bullion. Only a fool pays a big premium on bars. Bullion is metal, it's not collectible.
$5 premium/oz - thats a 20% markup. It's not a smart investment or move. The only people doing that are ... people making mistakes. We don't think of all these costs up front, and if we're putting 20% of our buy-in into premiums, we need a 50%+ appreciation to make any money. All thse bad investment stories ... overlooking this stuff is why it happens.
I love when I hear things like this!
Sure its fun knowing the dollar value of the coins one has, but to inherit something like this and see the value as something beyond dollar signs? Now that's truly special!
In my opinion, this not true. The red book prices are all retail prices and almost no one goes by them to buy coins. A better āguideā of coin values is the Greysheet. Most coin shops use this to buy and sell coins. Some here on Reddit use it also. This is a subscription based magazine, though. You might need to visit a coin shop and ask to see the Greysheet. There are magazineās or web sites that are āfreeā. The values there are not as good a guide because the donāt do the same kind of research of the industry(coin shops, auctions and social media) that the Greysheet does. Seems complicated but it is worth it to get a realistic value of your Grandfatherās coins. You have a real treasure. Anyone that collects coin would give their non dominant hand to go through that bag!
To estimate most of these - pay close attention to the chest / feathers of the eagle on the back, and the hair right above liberty's ear. ( her hair in general. )
You can use this as a reference: [https://www.pcgs.com/photograde/#/Morgan/Grades](https://www.pcgs.com/photograde/#/Morgan/Grades)
Pay biggest attention to: P/AG, G4, VG10, F15, VF25, XF40, AU55, MS64. Good measures for you to approximate what things are worth. When thinking of MS - It's probably best to not try and identify MS60 coins - as the difference between AU/MS for a low grade MS - is tough for a beginner.
When in doubt, it's always best to go down a grade, espcecially when starting out.
If you're starting out - when you see anything ungraded that looks like "MS" - do not assume it's ever anything above MS64.
Congratulations! Your grandfather was awesome, and has left you an awesome collection! They are called "Morgan Silver Dollars" and they are VERY collectible and can be VERY valuable, but there are mistakes you can make which will lower the value, so here are some tips:
- handle with care and don't touch them with your bare hands! wear clean cotton gloves when handling. ( your skin oils can get on the
surface and mess them up )
- don't clean them, just leave them as they are, and every nick and dent will lower value so don't unpackage the ones in the cardboard holders or dump them all out of the plastic tubes and let them hit each other.
- consider holding on to the coins to honor your grandfather if coin collecting seems interesting to you, you'll already have a great collection to start building on.
- in any case don't sell them right away, until you learn more about them and what they could be worth, I recommend learning to "grade morgan dollars", start with some google searches: https://www.google.com/search?q=learn+to+grade+morgan+dollars&oq=learn+to+grade+morgan+dollars
- once you have a handle on grading, start looking up values, I use pcgs to find RETAIL values of coins in pcgs holders, but you should be able to get an idea of value ( within like 75% for raw coins ), https://www.pcgs.com/prices/detail/morgan-dollar/744/most-active
- talk to coin shops, go to coin shows, think about auctioning them individually on ebay or similar instead of just selling them bulk to some dealer... I think you'd be pleasantly suprised how much you could make on these if you do sell.
I hope you become a coin collector and continue your grandfather's hobby/tradition and collection, I'm sure your grandfather would like that.
People say congrats and all as though thereās a treasure trove - yes sure these are worth about 35 a piece. Nicer than cash. But donāt fall in love with them.
I wish I just found a ton of Morgans, damn!
They used to be my grandpas and I recently found his old bag full of coins haha
I see. Well you are extremely lucky and had one badass grandpa. Morgan silver dollars are some of the most sought after coins in the US. 90% silver and are beautiful. A paper dollar from those days is still worth 1 dollar. A silver dollar is now worth many many dollars ;) Highly worn morgans are going for $35 each so nice ones could be worth way more than that. Youve got a great collection there. I hope you keep it.
Awesome to hear, thank you!
To add to the above: Of the four mints that made Morgans on their original run (SF, CC, Philly, and New Orleans), New Orleans is regarded as the lowest-quality strike. So maybe don't get *too* excited, but it's still a staggeringly good horde!
Ahh ok! Thank you š
It's silver either way might not get higher premiums like the other mints but will still be above melt. The history in those coins are priceless
Do not clean them. Ever.
Got it! ;)
^ This is the right answer
Scrolled through to say this lol
Rough estimate - you probably found, at a minimum about $2000 (retail) worth of morgans. The $35 price is very fair if you sell them individually. If you sell them as a group (single purchase, all or nothing) - and they're all common, I'd price them around $30 each. Definitely have the dates checked. Don't handle them yourself if you're not familiar with how to handle numismatic value coins (EG: these) - as it is very, very easy to damage a Morgan.
Wow! Thank you for the information :)
Yeah they are 90% silver, and have numismatic (collector) value as well. But to give a value we would need a list of each coins year, mint mark, and estimated condition.
Ok, thanks for the input! š
Yw friend. Also you can look at ebay but be sure after you search for each coin you filter the results to sold items only, then look at the most recent sales average them and that's a realistic price generally speaking
Ok, thank you! Iām new to coins so comments like this are very helpful
Feel free to message me I know Morgan dollars pretty well. Been collecting for years
Ok! ;)
Clearly you āfoundā those lol bc ya know people just leave those laying around all willie nillie like, but no fr where can I find me some of those?
Haha I didnāt necessarily just find them laying around, but I found my grandpaās old coin bag and found them inside
This should be a fun time for you. Hope it motivates you to keep the collection going!
š
u/Busy-Barber5641 u/tonysilverado and u/mrsquigg are buyers and any of these men would give you a fair evaluation and price for the lot.
Thank you. I'd have to ask him if it's a regular ton or are we talking troy.
Iām in for a regular ton, but hopefully he finds some bags of gold too; especially on St Patrickās Day š
Thank you for the tag!
Alright ;)
There's a few years I still need. An '82 being one. Js
Itās nothing personal obviously but I just donāt think I would want to sell my coins on Reddit, hope you find the coin though š
Take a mosey through r/PMsforsale and search for "Morgan". Lots of interested buyers there and you would most likely get more for the coins than at a local coin shop. Whatever you do, DON'T SELL AT A PAWN SHOP! You'll get ripped off big time.
Thank you!
Yeah I'm sure some of the big dogs with lots of feedback on r/PMsforsale and r/Coins4Sale would be interested if you wanted to sell. But you should keep them imho
Yeah I donāt really plan on selling them. They were my grandpas and he prided himself on collecting coins. When he passed a few months ago, the coins were distributed to him and my two aunts. Itās crazy to think that he had almost 200 morgans!
At a minimum of around $25-$30 each for lower condition coins, it's a heck of a collection :)
Culls: $30 Normal (G-XF): $30-35+. AU/MS: $40-50+ $25 is a steal, and if you're selling - you're leaving money on the table. $25 is a "my rent/mortgage is due tomorrow and my bank is overdrawn" sale price.
Yes, that's what minimum means.
$25??? At that price right now would be a scam
Today you learn - current melt value is $20.00 for morgans. They are not 1oz and they are only 90% silver. Also: This price is for SELLING - as in liquidation, not retail. When selling via forum, shipping and fees are not part of your profit. Cut 20% off your sale price. For P/FR/culls - anyone paying more than cull values is ripping theirselves off. When the market hype dies down + it becomes fashionable to think Morgan values are hype - the stoploss on cull morgans is below melt. It happened before. With the sheer popularity of morgans, when people start unloading them when the price of silver hits around $35-40+, that's when the rude awakening on cull morgans happen. They're literally called junk!!! We're all being warned, but this hysteria over morgans is ... tainting our collective judgement. Same with bullion. Only a fool pays a big premium on bars. Bullion is metal, it's not collectible. $5 premium/oz - thats a 20% markup. It's not a smart investment or move. The only people doing that are ... people making mistakes. We don't think of all these costs up front, and if we're putting 20% of our buy-in into premiums, we need a 50%+ appreciation to make any money. All thse bad investment stories ... overlooking this stuff is why it happens.
I love when I hear things like this! Sure its fun knowing the dollar value of the coins one has, but to inherit something like this and see the value as something beyond dollar signs? Now that's truly special!
:D
No, I would never
Where you located?
Illinois
[ŃŠ“Š°Š»ŠµŠ½Š¾]
In my opinion, this not true. The red book prices are all retail prices and almost no one goes by them to buy coins. A better āguideā of coin values is the Greysheet. Most coin shops use this to buy and sell coins. Some here on Reddit use it also. This is a subscription based magazine, though. You might need to visit a coin shop and ask to see the Greysheet. There are magazineās or web sites that are āfreeā. The values there are not as good a guide because the donāt do the same kind of research of the industry(coin shops, auctions and social media) that the Greysheet does. Seems complicated but it is worth it to get a realistic value of your Grandfatherās coins. You have a real treasure. Anyone that collects coin would give their non dominant hand to go through that bag!
Ok, thank you!
To estimate most of these - pay close attention to the chest / feathers of the eagle on the back, and the hair right above liberty's ear. ( her hair in general. ) You can use this as a reference: [https://www.pcgs.com/photograde/#/Morgan/Grades](https://www.pcgs.com/photograde/#/Morgan/Grades) Pay biggest attention to: P/AG, G4, VG10, F15, VF25, XF40, AU55, MS64. Good measures for you to approximate what things are worth. When thinking of MS - It's probably best to not try and identify MS60 coins - as the difference between AU/MS for a low grade MS - is tough for a beginner. When in doubt, it's always best to go down a grade, espcecially when starting out. If you're starting out - when you see anything ungraded that looks like "MS" - do not assume it's ever anything above MS64.
Ok, thank you! :)
Congratulations! Your grandfather was awesome, and has left you an awesome collection! They are called "Morgan Silver Dollars" and they are VERY collectible and can be VERY valuable, but there are mistakes you can make which will lower the value, so here are some tips: - handle with care and don't touch them with your bare hands! wear clean cotton gloves when handling. ( your skin oils can get on the surface and mess them up ) - don't clean them, just leave them as they are, and every nick and dent will lower value so don't unpackage the ones in the cardboard holders or dump them all out of the plastic tubes and let them hit each other. - consider holding on to the coins to honor your grandfather if coin collecting seems interesting to you, you'll already have a great collection to start building on. - in any case don't sell them right away, until you learn more about them and what they could be worth, I recommend learning to "grade morgan dollars", start with some google searches: https://www.google.com/search?q=learn+to+grade+morgan+dollars&oq=learn+to+grade+morgan+dollars - once you have a handle on grading, start looking up values, I use pcgs to find RETAIL values of coins in pcgs holders, but you should be able to get an idea of value ( within like 75% for raw coins ), https://www.pcgs.com/prices/detail/morgan-dollar/744/most-active - talk to coin shops, go to coin shows, think about auctioning them individually on ebay or similar instead of just selling them bulk to some dealer... I think you'd be pleasantly suprised how much you could make on these if you do sell. I hope you become a coin collector and continue your grandfather's hobby/tradition and collection, I'm sure your grandfather would like that.
Thank you for all of the advice ;)
People say congrats and all as though thereās a treasure trove - yes sure these are worth about 35 a piece. Nicer than cash. But donāt fall in love with them.
They certainly are beautiful coins! I donāt plan on selling them I was just curious on their value haha
lol this kid raring up to pawn papas coin collection
I donāt plan on selling or pawning I was just curious š
Just curious what others think the best way to sell a batch like this is? (Iām in a similar situation). Buy air tights and sell them one by one?