I met up with an older gentleman this evening who had answered a Craigslist post I had posted regarding misc coins for my son. This fellas father had been a casual collector before passing a few years back. He was happy to sell me lots of old rolls of 40s/50s nickels, wheat pennies, modern pennies as well as a slew of Clad Kennedys, Ike's SBAs and Sacs all for face value. My son will spend hours with the rolls! In addition to those bulk buys he had a few circulated Morgans and Peace dollars. He wanted melt, I gave him $15 a piece and didn't even look at the dates. They are posted below (not pictured are a '21 morgan and a '22/'23'/2x'24 peace) ..stick around for the last one...
@Dave Waterstraat might just like that 83o Melt on a 21 peace even in that condition ain't too shabby
Not a bad deal all around. Even the '21, although added-value, isn't really a "demand" coin in this grade.
If it didn't get detailed for hairlines low VF. Not a candidate for slabbing though as even if it grades it's only worth around $50. However it makes a good album filler for sure
Thanks, Cascade. You seem like a good dude. I appreciate your input and help on this forum and over at VAMworld.
Yes, it has definitely been cleaned. The harlines in the reverse field to the left of the eagle are absolutely from an old cleaning. However, I'd call this a VG details coin. For the 1921, that means it is still worth quite a bit over melt. Buyers won't come out of the woodwork, but it is still a desirable coin.
I posted the '83o VAM and the '24 Peace VAM 5A in the for sale section. Thanks for the diagnostic help. Looking to finance a slabbed DMPL purchase. I like them shiny!
The '21 Peace dollar is a nice find, although in no way could be graded. I find that most estate sales like that yield melt value coins, which is what those are, except for the 1921. Why don't you concentrate on a few, high grade Morgan or Peace Dollars, instead of going off on multiple tangent??. That way, you will have nicer coins, albeit a few less.
These were much more of an opportunistic purchase than anything else as an add on to a slew of rolls I was buying for my kid. I get you on the need for focus though.
They're great for the kid. Glad he's getting into the hobby. Since you seem really into Morgans, I think a great starting point would be to go for all the common dates you can in MS 65 or even 66 condition. Don't worry about VAMs, unless you are tremendously into them ( I have done Morgan collecting my whole life, and have no interest in VAMs). Forget about PL and DMPL for the moment-- they are not at a good price/value point. Just get some PCGS and NGC high grade commons, with high eye appeal-- real blazers, dripping with luster. I guarantee you will love having a nice collection of high grade commons, and those tend to resell well, when you go for upgrades. The commons in a 65 grade is a wonderful starting point.
