New Member - Grading Morgan Dollars

Hi I'm new to this site but wanted to see if I can get some opinions. I have been searching all over the Internet but there really isn't anything that answers what I'm looking for. I have a bunch of Morgan's and was thinking about sending them in for grading. I just wanted to know if there is a certain condition when it just is no longer worth sending in for grading. Should I only send in ones that look like mint state or would AUs also be worth sending in? I don't think I have anything other than common dates so just speaking in regards to common dates for grading. I appreciate it. Thanks

 

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If only common dates then if they are 65 or higher would it be cost effective.

 

You are always welcome to post pictures here and get opinions as to whether it is worthwhile to grade them or not.

 

Yes, there are conditions which don't warrant slabbing due to grade and commonality. You need to know those conditions, for each of your coins, before you can make an informed decision. I'm sorry I can't offer more detail, but that's all you've given me to work with so far.

 

Post some pictures of what you have and perhaps we can advise you. Welcome to the forum.........

 

Welcome! Post some pictures and you will get analyses running out of your ears!

 

I'll let the Morgan aficianadi give you a more definitive answer, but I doubt that any common Morgan in AU is worth certification/slabbing (what you are calling "grading"). You might especially be alert for some of your Morgans that have beautiful toning/rainbow colors. Some of them seem to make a "common" Morgan command an uncommon price.

Steve

 

Go to the NGC and PCGS web sites and look at the prices for your year. Let's say you guess it is grade XXX. You may be off on your guess. So look at a couple of grades up and down. If the difference in value is small, then you will spend more to get it graded than any value you might gain by proving a higher grade.

 

I need some advice and here's what I have .

 

Rick? You are a devil like me.

 

I thought you would like that ..

 

You could also buy a Red Book. Though the prices aren't exact, you can get an idea about the price jump for certain years and mints between grades. There are also a few verieties of common coins that command a good premium and Red Book has the most desirable of those listed.

 

Easy answer--if they are common dates, and you can look them up here to get a general idea:http://www.pcgs.com/prices/priceguidedetail.aspx?ms=1&pr=1&sp=1&c=744&title=morgan+dollar This is not absolute, but it shows which ones tend to sell for melt in highly circulated grade, to $75 or so as mid grade uncirculated. Any common date ones, unless they are MS 65 or higher are probably not worth sending in for grading. The more valuable dates could be, so take a look at the guide and the dates. It is somewhat inflated in price, but should give you a basic value for Morgans.

 

If they are common dates and not MS65 or higher, I would not send them in to be graded. However, that does not mean the coins can't be appreciated. Make sure you protect the coins for the future. I would suggest buying airtites for the coins. They're inexpensive and a good way to keep the coins safe from unintended damage. At the same time, while no 100% air tight, they are very good at keeping out air and moisture. Store them properly (ave. consistent temps with low humidity) and you'll be able to enjoy these coins for a long time.

 

While you are on the PCGS website take a look at their photograde sectionhttp://www.pcgs.com/photograde/#/Morgan/Grades

 

Hello and welcome to the forum.....
Common dates would really need to be nice in order to justify certification. On a Morgan, the most critical area is the face. Specifically, Miss Liberty's cheek.....In order to get a decent grade, 65 or better, this cheek needs to be completely clean. That is, free from marks and scuffs of any kind. Of course, an obvious ding or tick elsewhere on the coin would preclude it's grading.
Take a look at graded coins on ebay or Heritage and you will get an idea.

 

Try and find an MS 65 Morgan that doesn't have contact marks on the face. One has to get up into MS 66 and 67 to see that. The situation is MINIMAL contact marks on the face and fields---you will see plenty of MS 65 Morgans with lots of smaller contact marks, even in fairly prominent places.

 

@Morgandude11 Thanks for that comment. I've got dozens of PCGS MS65s and agree wholeheartedly...otherwise I'm screwed.

Steve

 

Oh, excellent day!

I was hoping this was under graded!