Friend of mine has been selling all of his Morgans to a coin dealer in town, for $35 dollars a piece. They are all in This good of shape or better. Most have patinas some are crazy colors, Here are the 2 i bought. Are they worth the $35 bucks i spent on each, and should i send them in to get graded somewhere? Also, the rest of the coins (quite a bit) are pretty much like this all with weird patinas. They have been rolled and locked away for quite some time. If one coin in the roll has a weird coloration on the edge, it'll either get more dramatic the whole stack down or just the top coin face will be odd, the rest will be normal. On a lighter note, If you had the chance to buy very nice coins for very little money vs value. Even to hold onto forever and eventually pass down to your grand kids...would you? Also, getting a coin put into a case and graded would be for its preservation rather than the money. these coins were in much better shape when i bought them 4 days ago, and i mistakenly left them on the counter top. this is the result.
If these two coins are indicative of the condition of all of his coins, I would say $35 is a decent deal. A lot value depends on the dates and mintages of these Morgans. Also, keep an eye out of cleaning on these coins which will hurt the value. But, all in all, even assuming you're buying common dates in the AU condition range, $35 is not a bad deal. The only way I would put them in a slab is if you have a rare date (check a price guide or ask on here) or you find a coin that you feel is in pristine condition (post a picture here). Just my two cents...
New here, but Ive been reading alot that cleaning the coins like this Morgan is a No No. How come?? What about if you just use a silver polishing rag? How does this decrease the value?
Just my two cents on some things. You asked about preservation. Like mentioned I wouldn't slab unless the coin is a rare mint/date. If you're just looking for preservation however, you can buy generic non PCGS/NGC slabs such as Air tites for like .40cents a peice and that should do you well in preservation. As to mattymac question, never clean a coin, even if just rubbing with a cloth. You'll do small hairline damage to the coin. A coin is like any other antique, most dealers will say to never try and clean them, leaving them all natural is best.
