1900 O Morgan Dollar...Grade?

And of course you can tell that just by looking at a photo?

 

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It is heavily worn and heavily cleaned and not worth the price. Not all buyers know what they're buying - if that buyer were to post his purchase here, he wouldn't be happy when we were done offering our opinions.

 

Yes.

 

What I said

 

There's no way I would sell any Morgan for less than $60.00 There can't be many out there in the condition of the one in the photo.

 

Are you serious? How well do you know morgans?

 

This is going to quickly get to the point where you will feel insulted by what I'm saying, so I'll leave the topic alone with this: Yes, there are thousands of 1879-P Morgans in far better shape than this one. And only a very few years for which I'd pay as much as $60 for a circulated example, much less a cleaned and circulated example. You've a lot to learn about Morgans.

 

FMV = A MUTUALLY ACCEPTABLE PRICE FOR BOTH THE BUYER AND SELLER

 

Th

 

Your statement is predicated upon accurate knowledge on the part of both buyer and seller. You're preying upon buyers who don't know better. Your buyer would not think that coin worth $60 if they knew more about what Morgans are worth.

 

When you have looked at as many Morgan's as @Cascade has, you can tell it almost instantly even from the Gallery view scrolling through eBay. You won't even have to click on the listing to skip it. You do have to remember that he has looked at thousands upon thousands of Morgan Dollar's. This is all part of the learning process. Many of us here can do what he can do. And we are more than willing to offer our guidance and knowledge to help prevent less knowledgable people from making similar mistakes we have made earlier in our own endeavor's.

The only times you will sell a Morgan that is common and circulated for more than $60.00 is if you find a buyer that is not knowledgable about coins. They simply want to buy it for the novelty of it. The other is when the price of silver explodes above $50.00 per ounce.

I know a guy, who does nothing but buy Morgan's at auction. He just buys them without really examining them and being picky and choosy about what he bids on. He pay's typically in the $50 - $60 range for stuff that I would not touch for $30.00. I shake my head at a lot of them. Sure he occasionally finds a gem, but he is underwater on a vast majority of what he has bought. The salt in the wound is that he want's me to help him sell them to make money on them. I just can't do that. But he insists that he has "learned a lot" about Morgan's in the past year.

One of the best learning experiences is to buy and then sell some of your Morgan's. Once you learn what "You can sell them for", then you will learn what "You should buy them for".

 

Thabks chris,

Thanks chris so when buying coins I should look at what they sell for on ebay not redbook? For all coins?

 

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Don't forget about better VAMs but I guess "common" kinda covers that

 

Both the OP and the high jacker need to stick around and learn how to grade Morgans. Both are serious problem coins. Welcome to CT.

 

I don't prey on buyers. The buyer saw a photo of the coin that I uploaded and bought it.

 

Woe to him.......

If he ever educates himself, he might be cursing you in the future. Heck, we all have had our learning curves compromised.......I've been done in on more than one occasion.

 

It depends. There are some auction sites, like Heritage, that deal in higher-value coins, and those sites would be preferable in those instances. However, it is unlikely that you would find any auction history on a coin like yours at those auction sites.

Another alternative would be the CDN "Greysheet" which is published weekly, and that is a much better alternative than a book that is published only once a year.

Chris

 

You're probably right... and would be unfortunate as the one he should be cursing is himself. If what the gentleman says is true and that the coin was purchased for said price based only upon a photo (meaning no fluff or grand claims), the only one the buyer has to blame is himself. Not that I think selling such a dog at that price is right, but buyers need to start shouldering responsibility for their own poor decisions instead of blaming the other guy.

As for the OP... learn first; buying can wait. In the long run you'll almost certainly be happy you did.

 

Well said.......

 

I have been checking out the 1879 Morgans on Ebay. They are selling them in worse condition than the one I sold for a lot more money.