What year of Morgan dollar's ???

Based on the questions you have asked, here, you should stop buying raw Morgan dollars immediately. You do not have enough training to grade them, and you do not have enough experience to price them.

Like "BB4C" suggested, stick to certified coins until you can familiarize yourself with grading. You might also want to get a current copy of the Greysheet for wholesale bid/ask prices.

Chris

 

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I just want to chime in and suggest you go back and read the posts by BooksB4Coins and the above one by cpm9ball.

 

And I want to chime in and remind the OP to buy the books before the coins. If your dealers shop doesn't stock them order them online. Also look at the Morgan dollars on PCGS' Photograde website and/or download the Mobile Photograde App. In short, be as vigilant about collecting information and knowledge as you are about buying coins.

 

If I were you I'd start out by buying some references as previously mentioned and studying them then by buying some high grade slabbed common dates like 1887 1879-81-s 85-o etc find some graded 64-5 with real good strikes and eye appeal. Then study them to see what the cartwheel luster on a original Morgan looks like. What amount of marks are acceptable for a 64 a 65 etc. then move into better dates. I wouldn't turn down a nice au of a better date any time and for a 93-s if you want ms you better be real wealthy!! Same with 84-s 89 and 93 cc and others. My best reccomandation for finding some quality at reasonable prices slabbed be ha or stacks bowers. I've bought dozens of Morgan dollars most all toners from both

 

Thank you all for the advise ! I WILL do a bunch of research before I buy any more item's.

 

You are buying ahead of your knowledge. Stop. The Morgan dollar shows is awfully scruffy and would not make your self-proclaimed minimum grade of MS64+. Regardless, that is an awfully unusual minimum grade. I cannot stress enough to you to learn before you buy much more, especially if every dime counts towards future liquidity and sales.

 

Morgan dollars are my favorite series. I think that you should buy coins in different grades depending on the date/mintmark. On some common dates, if you can, buy higher grades (such as MS-64+), but on coins like the 1886o and 1901, the only way that most people can afford them is in lower grades. A 1901 will cost $15000 in MS-63. but in lower grades it is very affordable.
It is very hard to tell if your coin is an MS-64 without it being graded.
http://www.ebay.com/itm/1886-O-Morg...06?pt=Coins_US_Individual&hash=item2edabe7a1e

Your coin is very nice and I love the luster on it, it makes my 1886 look very bad.

Good luck on the series!

 

Ok I get it !

 

Thank you & it is a hard thing to grade a coin bye eye ! I bought this 1885 for $38

 

I'm inclined to believe that your 85 has been improperly cleaned.

Chris

 

That's not good ! Great it just keep's getting better .

 

So is it worth the $38 I paid for it ?

 

Personally, I wouldn't pay that much for it if it has been improperly cleaned, but that is just my opinion. The silver content is a little more than $13. Do you feel comfortable paying a $25 premium for it?

Chris

 

Not until you can answer that this question for yourself. Gotta study up!

 

Lots of good advice already in the thread. Slow down and be patient. Morgan's are readily available. You'll not be able to complete a complete set in MS64 or above. Some dates and m/m's are very expensive in that grade. I guess I shouldn't assume your financial resources, but the last 1893-S Morgan MS64 sold at Heritage for $217K.

Your first purchases should be already graded by either NGC or PCGS. Many raw Morgans have problems and unless you know how to spot them, you'll be unwittingly building a collection of problem coins.

A dealer at a show once told me: "Most of the valuable Morgans are already in holders". In a general sense, I agree with this. Morgans are very popular and the grading services have been around for 25+ years.

Good luck. I collect them as well and continue to learn more every day.

 

One last comment: Do not, I repeat, do not rely on any pawn shop to give you accurate information about grading, pricing, condition, etc. They are not experts.

Chris

 

I will stick to slabbed Morgan's .

 

RE-PUNCHED DATE ??? looks like it

 

Would that make it more valuable ?

 

It might be a DDO on the date, but it is not an RPD. Since you have the coin in hand, it would be much easier for you to check all of the diagnostics on the VW site.

http://www.vamworld.com/1886-P+VAMs

There are a lot of doubled dies in the Morgan series, but not all are worth a lot of money.

Chris