1878 morgan dollar

Discussion in 'Coin Chat' started by Hunt1, Jun 11, 2010.

  1. Hunt1

    Hunt1 Active Member

    I saw some going for as low as 25 dollars on Some sites with the VF and XF grade. How good of a mint is that
     
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  3. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Can't see a single photo!

    Chris
     
  4. Hunt1

    Hunt1 Active Member

    I dont have any. I was just wondering how much a MS-60 phili mint 1878 should roughly go for, and a 1878 phili XF and VF.
     
  5. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    You have to be more specific an 1878 Philadelphia mint coin can be an 8 Tail Feathers, 7/8 Tail Feathers, 7 Tail Feathers, 7 Tail Feathers Reverse of 1879.
    You might pay $60, you might pay $100, depends on which variety, and as you go up the ladder it is a bigger difference, into the thousands of dollars.
    $25 in an VF/EF isn't that bad of a price for any of the varieties, but you have to take that on a case by case basis.
     
  6. Hunt1

    Hunt1 Active Member

    Can you show me a picture of a vf condition and a MS-60 condition please? and were these coins produced actually in 1878 sorry if thats a dumb question.
     
  7. Numismatist47

    Numismatist47 New Member

    There are 5 different varities of the 1878 Morgan made in Philadelphia. As the previous poster pointed out we need more specifics.
     
  8. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    You must learn to judge each coin on its own merits. Sometimes you can find VF coins that are worth XF money while other times you might find an MS that is only worth AU money.

    A lot depends on what you have budgeted for your coins, but there are a lot of nice MS63/MS64 Morgans that are very affordable. The only word of caution that I must add is that if you are looking at coins on eBay, do not buy any uncertified (raw) coins unless you know the seller. When buying certified coins, stick to those graded by NGC or PCGS. These are the two best grading services. ANACS and ICG aren't as good as the top two, but any others are considered "third-world" grading services who consistently overgrade and slab problem coins.

    Chris
     
  9. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    In 1878 they were made in different mints, San Francisco, Carson City and Philadelphia.
    And if you need help with grading them, go by this.

    http://www.pcgs.com/photograde/#/Morgan/Grades

    Also what site do you plan on buying them? Try posting links here of coins you are thinking about for some other opinions.
     
  10. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    You might want to purchase a copy of American Numismatic Association Grading Standards for United States Coins. It provides photos and detailed explanations for all coins and their various grades. You may also want to purchase a copy of the Red Book of United States Coins. This contains a world of information about every coin ever produced in the U.S., but I don't suggest that you use their price guide since it is a little too optimistic. Both of these books are published by Whitman and are readily avaliable online.

    Yes, they were produced in 1878.

    Chris
     
  11. Hunt1

    Hunt1 Active Member

    Wow thanks alot, it cleared up my concerns. I plan on buying them from my local store (hausers coin shop). It says they're selling a sanfransisco mint NGC MS-64 for $95.00. Is that a right price and will it look some-what like the MS-64 on the link you gave me.
     
  12. Numismatist47

    Numismatist47 New Member

    No two coins are identical especially when it comes to bag marks. But it should have the same luster, and details present as in the pic on the link.

    As far as the price, only you can say whether you're willing to pay $95 for that Morgan. Don't be afraid to make the seller an offer. Simply ask what their rock bottom price they would sell the coin for, or simply say would you take $85 or $90 for it?
     
  13. Hunt1

    Hunt1 Active Member

    Is it a acurate price tho.
     
  14. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Without having seen the coin, ask the dealer if he'll take $80 for it, and if necessary, negotiate from there. Chances are the dealer paid less than $80 for it anyway.

    Chris
     
  15. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    We would have to see the coin to say for sure.

    Chris
     
  16. Hunt1

    Hunt1 Active Member

    Now when it means 1878, was it actually made in 1878?
     
  17. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    Yes. These coins were minted 1878-1904 and in 1921.
     
  18. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Counterfeits are the only exception.

    Chris
     
  19. Hunt1

    Hunt1 Active Member

    How can i tell if its a counterfit?
     
  20. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    If it is graded by NGC it isn't.
    There are many different types of counterfeits too many to list. It takes time to be able to tell a counterfeit from a real coin, that is partially what a third party grader like NGC does, they authenticate your coin.
     
  21. Tom B

    Tom B TomB Everywhere Else

    You are not yet ready to purchase coins unless you are willing to lose the entirety of your investment.
     
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