Hello, I really don't know too much about coins and or their value. However, I have about ten certified Morgan silver dollars. They are all ms 65. I have them in various years. How should I go about finding out the value, and then selling them?
Howdy cristajd - Welcome to the Forum !! Before attempting to answer your question I would like to ask you one. You say your coins are certified - certified by whom ?
Well perhaps I had assumed that they were certified because my Grandfather has been purchasing them through a broker at Goldline. Also, on the plastic cover that seals the coin, there is a sticker from the ANA official grading service. Again, I know so little about this any help would be greatly appriciated.
Post a photo of one of the coins showing the holder....from the sound they might be certified but I can't tell for sure. Speedy
Well it would depend on when they were slabbed then. ANACS was the first official grading service for the ANA - then it was PCGS and today it is NGC. So, assuming it is one of the three above and given that we know they are all MS65 - all we need to know now are date mint marks and we can provide approximate values.
The coins that I have are: 1879 S ms 65 1882 S ms 65 1886 S ms 65 1887 S ms 65 1900 O ms 65 1904 O ms 65
Don't get too excited though. A coin I recently purchased for $575 is listed as being "worth" over $17K. If I could get $17K for it, she'd be someone else's coin.
Can anyone tell me the best way to sell these or whom to sell them to? Again, I just know so little about this and would appriciate any suggestions.
Please remember, these values are dependant upon who slabbed the coins, it has to be NGC, PCGS or ANACS and are only an estimate. 1879 S ms 65 - $150 1882 S ms 65 - $130 1886 S ms 65 - $2,500 1887 S ms 65 - $2,500 1900 O ms 65 - $150 1904 O ms 65 - $150 As to how to sell them, find a reputable dealer and sell them to him. You should expect anywhere from 10% - 20% less than the prices I quoted.
Not a broker, a coin dealer. But make sure it is a reputable dealer. And yes, for someone that doesn't have an established and trusted presence on ebay - a dealer is the better way to go.
My suggestion is to check out the internet for coin shows in your area. This is usually easy to do with Google or Yahoo by just typing in coin shows and your state. If your lucky enough to have coin shows in your area and your really waht to get rid of those coins the best way is to go to a coin show. Go to several dealers and pretend you just want to know what they are worth. DO NOT say you wantto sell them. Pretend you just want an appraisal. Use the prices noted by GDJMSP as a guide to see who is giving you the best prices. Then hit them with OK if it's worth that, how much will you give me for them? If you ask most dealers right off how much they'll pay you, you'll get a price at the rock bottom because they'll think your unknowing aabout coins. If no coin shows in your area, ask everyone you know if there is a reputable dealer in your area. In my area there are no such things. Almost every dealer I've met in this area was or is a used car salesman on the side. My best suggestion is to buy a few coin books, stick with this forum, become a coin collector, learn why and how and when we all do what we do. Also, this is a great place to find out all about our countries coin and currency history and possible future.
After reading the responses on this thread so far, you've probably figured out that your question is not an easy one to answer. There are pros and cons to all sides of this argument. I trust MY dealer because of the relationship we've built, but I certainly wouldn't trust ANY dealer...reputable or not. Many will offer rock bottom prices, and some would just flat out rip you off. Remember, every dealer is running a business and wants to make as much profit as possible. That's understandable, but some take it to extremes. I don't necessarily think you'd get taken on ebay despite the fact that you don't have an established presence. I've sold items on ebay for close to retail without being a dealer. You DO have to be careful and know what you're doing going into it, but it may bring you the largest net amount of any option that you have. My best advice is don't get in a hurry. Educate yourself. Do some research and check prices of comparable coins. The higher priced coins are usually highly sought after so you won't have much trouble selling them...just make sure you're comfortable with what you get. Good luck. pCG
