How much would you pay for this Morgan?

I am not able to grade coins yet.

 

Log in or Sign up to hide this ad.

Personally, I wouldn't pay more than melt + 20%.

Chris

 

That's a coin we would be selling in the shop in the $30-$32 range.

 

I would say between $32-$35 would be fair.

 

Are the marks on the check the main set back, or the fact that there is no mint mark?

 

I'm like the others, definitely no more than $35.

 

Well, it is a common date that is well circulated and has minor damage. No real intrinsic value, just the silver in it.

 

I personally would not go over 30-32 dollars for it

 

http://values.hobbizine.com/morgan-dollars.html
Good basic price guide
http://www.pcgs.com/photograde/#/Morgan/Grades
One of the best grading guides you'll find.

 

Personally, I would make a rule for yourself sir. Never pay more for a coin that a tiny premium above its melt value until you learn how to grade and identify problems on coins like cleaning. Way too many new colelctors way overpay for coins. Until you KNOW why a coin is more valuable than the metal inside it, you are much better off to buy coins for their bullion value and spend more time on education. It will be the best return you can get in this hobby right now.

Buy yourself a grading guide, and practice. Go to shows and practice. Look at coins online and practice. Once you can look at this coin you posted for 2 seconds and give me a grade we all would agree with, and be able to research selling prices for that coin in that grade, then you are ready to spend more than melt for a coin.

Its great to ask questions here, we are glad to help. The best help I know, though, is to advise you to learn how to grade on your own.

Chris

 

Like others have said, $35 tops. If you can find Morgans like that under $30 its still a good buy.

 

I would go with Chris' opinion with this one, Melt + 15/20%.

 

Unless you are trying to price it, since you said that you can't grade coins, don't buy it

 

22, maybe 23 x face.

 

$25-30 tops for me. TC

 

I like the look of it. For my personal collection, I might pay upwards of 35 for it. If I were working in the shop, I'd try to pay 20-25 and sell it for 35-40

 

Actually, I was just trying to be polite. I wouldn't even consider buying it for myself.

Chris