What is a reasonable offer for my common date Morgans from a dealer?

I have 14 common date Morgans, about half AU and the other half XF. What should I expect as a reasonable offer from a dealer? I understand they can not give me retail, and I do know what retail is, but as I do not have a greysheet I don't know what to expect to be offered. Thanks!

 

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Of course, the price depends on the silver spot price. I see ads in the current edition of Coin World offering to buy common pre-1921 Morgans for up to $30 in AU, and common AU Peace dollars for up to $27 @ $32.00 spot

 

Ditto on that . But you could also try to sell them here in the for sale forum .

 

I have been buying them off of craigslist for 20 to 24 dollars, so i imagine dealers are getting them a little lower than 27 also.

 

I'd thought of selling them here or eBay but as they are common dates it doesn't seem worth it by the time I pay for shipping as red book and ngc both have commens at an average of 35. Im selling so I can buy some proof ase's to finish my set.

 

A dealer, a good one anyways, usually will pay about 10% under spot for common silver. I'd sell on Ebay if I were you. I just sold a bunch of common Morgans and averaged between $40-50 each...and thats for common dates in circulated condition. Even after the fees, which were a whopping $1 per sale, I made out almost twice as good as had I taken then to my local coin shop.
Guy

 

How'd you manage that? According to the calculator I use, combined eBay and PayPal fees on an auction closing at $40 would be over $5.

 

It was $1 per listing on Ebay and I did pay about $22 for Paypal to send me a check for all sales. Still, even with all fees I made more selling online.
Guy

 

I sold a $35.00 Morgan, but it was a graded coin yesterday total of fees and shipping was $7.32. I will also note that silver spot has went from $43.00/ oz. down to $30.00 in the last ten days.

Edit to today spot price.

 

Today, wholesale bid on morgans is $25.75 so most dealers should be paying around $22-23. 10% back of spot is not enough on decent circ morgans.

 

Take them to a few different stealers and see what they offer.
If you don't like the offer, you don't have to take it.

 

As you state, dealers in my area are now paying about $20 each for common date XF Morgans (about 10% under melt).

 

Sorry, I should clarify, I meant you should be getting paid more than 10% back of spot, not that dealers should buy for even less than that. Dealers are being pretty careful right now with silver being so manic so I can see getting offers of $20.

I'm sure many here would be happy to pay melt+ for them.

 

The most important advice I can give you is: Ignore Red Book Prices! The Red Book has lots of valuable information, but their price list is worthless.