Carson Morgans

Just got a few Carson City Morgans in a sealed plaque after a family member passed.. They are all in the 1880-1890's range. I dont really know much about coins, but I know the 5$ each the gold shop offered is beyond stupid. Is there a big difference in price on grade of these things, or are they usually all the same? Ive been sitting here trying to go through this collection and have no idea about half the stuff im looking at...

 

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First off, please accept my condolences for your loss! Secondly, congrats on the great coins!
Third, $5!?!?! Five DOLLARS!?!?! Scam artists!
I hope they might have been able to give an idea as to the coins authenticity though. Morgan Dollars are faked as with anything of value.
The prices vary quite a bit; common dates are 1882, 1883 & 1884. In MS condition they're usually between $170 and $200. Heavily circulated examples more like $80

 

Photos would help!

I don't know how these coins are sealed in the plaque. Are they glued or what? How easily can the silver dollars be removed from the plaque? What is the condition of each coin? Yes, $5 is low, but they may only be worth melt value which is a little more than $12 each. The dealer would have to make a profit, too, so you may only get offers like $10 each.

Chris

 

Thank you ... I know they were ordered from the carson mint auction years ago so im not worried about fake. They are in clear plaques with silver lettering stating "Carson City"(top of coin) and "Uncirculated Silver Dollar"(below coin). I think I found a coin shop that can hopefully tell me what I got so I can decide what to do with them.. I may keep 1 set of all the years and sell the other 80 or so once I figure out what they are worth.. After reading some other posts I did a lookup on PCGS and found a local shop. Thanks again TravIntiques

 

Those are GSA packs (sold from the Government Services Administration). Check eBay for GSA Morgans before going to the coin shop, it's always good to arm yourself with the going rates...actually try this:
http://www.ebay.com/sch/Coins-US-/2...c+morgan+dollar&LH_Complete=1&LH_Sold=1&rt=nc

 

If I had known they were GSA CC's still in the original display cases, I would not have mentioned "melt value". The dealer who offered you $5 each should be hung and then go to work on Pawn Stars. (He'd probably do more work than ChumLee.)

Chris

 

Lol! It's true, that is disgusting..... even ChumLee would've offered $7. Hehehe

 

Additionally, the OP should check them for VAM's. There are certain ones that can be worth much, much more like the 85-CC VAM-4. In an MS65 GSA, it can easily sell for more than $1,250.

http://www.vamworld.com/Morgan+VAMs+By+Date

Chris

 

if you post pics of them we can determine the grade or in about grade and therefore you can determine its seeming value and whatever stated to it will need a post pictures of each coin

 

If you have some 1884-CCs check for the 18/18 double on the date.

 

None of the 84-CC's are attributable by either NGC or PCGS. Your best bet is to look for those listed as Top 100, Hot 50, Hit List 40, etc. ANACS will attribute all VAM's but it's a waste of money submitting the obscure ones for grading. You also want to bear in mind that NGC is the only grading service that will grade them in the original display case, and that makes them worth an additional premium to many collectors.

Chris

 

The GSA Morgans are highly sought after by collectors. The pricing trend is up on these as well.

I agree with Chris, the "gold" dealer you took them too was trying to steal them from you.

The most common of the GSA's are the '82, '83 and '84. In MS63 and above, they'll go for around $230 and up. The NGC price guide will help, but those prices are a little high. At least it will give you some ideas. Check Heritage Auctions and eBay auction archives for current values.

The 1880 and 1881 are known for VAM's, so I'd check to see what you might have. These are also very popular. The 1885 is the most valuable of the '80's GSA's.

If you can, post the dates you have with good photos of the coins. We won't care about pictures of the holder as we already know what they look like...lol.

 

Wow you guys have so much info... ill try to get pics of a set in the morning when I have some lighting.

Chris

 

ARE YOU KIDDING ME, $5!!! That coin is worth a minimum of $200

 

Chris, try to concentrate on getting a clear photo of the obverse and reverse of each coin. We do not need to see all of the display case. If you have a copy stand or a tripod to steady each shot, it would help. You can start one thread for all of the photos, but don't put more than one pair of photos (obverse & reverse) per post.

Chris

 

Yep

 

$5.00 offer is hard to believe. These dealers are there to make money, and you cant make money if you dont buy anything.

 

You cant stay in business without repeat customers, unless you're an undertaker.

Edit to add: The wrapper is worth more than 5 bucks.

 

put them on ebay if you want to sell them, that is your best bet for making money. All local shops will try to low ball you.

 

Did he really say" i may keep one set and sell the other 80 or so"? Good heavens!