Hi guys I was wondering if anyone can tell me if this coin is just scrap value or maybe worth more? I know the pics are not the best.
I am new at this Can you explain It was bought when Silver was low For $15.00 and the tag said UNC $50.00 It came with a collection I purchased recently.
The photos certainly make it look like a polished coin, but if I squint past the glare, it does look like it has the detail of an uncirculated coin, and the first photo seems to show hints of luster. The 1921 Morgans are by far the most common, and least likely to carry a premium. Problem coins end up with "Unc" labels and high price tags because people like to get lots of money when they sell coins.
I see, Its in a air tight, I do not know much about this yet I have been collecting for a long time if I see something that interests me. I have cleaned coins my self with dip and worse on Kennedy's and pennies, And I could see the sandy type texture in those. I thought this said gem UNC On the original package but who was to say that that guy did not know and bought a cleaned coin. And I see alot of them being asked on Buy It Now for $49.00 to mostly $70.00 some way above. I was just wondering if this would be something a collector would want for there collection or just put away with the rest of my Morgans for sale some day for spot or melt. I also like to get them out at party's at home and flick around a 1882 Morgan or what ever to see the expression on there faces when they see how old it is. ha Ha.
Hard for me to tell but the details look nice. If you've been cleaning coins and you think this one is cleaned then it probably is. How much can you get for it? Well you've seen eBay so certainly you could get more than melt for it.
Well I just took a 1921-S Morgan "UNC BU" into a very reputable LCS to see it's REAL value. (fwiw: mine wasn't cleaned/polished, I believe yours was.) The dealer would pay $27.50 (POS @ 34.28) - that's melt, scrap, market ... for a "nice coin." Face the reality that nearly ALL unslabbed common date Morgans have little or no numismatic value, now. By the time you paid feeBay, you might lose even more. I'd love for you to realize a much better price (honestly) ; selling directly to a collector (via online forum) is probably your best bet.
Pretty sure that "price a dealer offers for your coin" is significantly lower than "price a dealer asks to sell that same coin". I'd expect a dealer to offer right around melt, maybe a dollar or two above, for common Morgans. When selling, though, at least at the shows I've been to lately, the nicer coins get marked up more. Again, though, the 1921 Morgans are starting out at a disadvantage, value-wise.
I don't know what the fees on eBay are, I just see way too many overpriced Morgans and I'm certain people are buying them. Juan has a very good point about selling directly to another collector. No fees - other than shipping.
I am not trying to make a lot on this coin. What I was wondering is if someone would give me say $35.00 for it to have for a collection rather than $26. to $30 I would probably rather do that for someone to enjoy its beauty. Now if I could get $40 to $45 that would really put the icing on the cake, LOL I kinda got took on this collection I knew it was not worth what she was asking but I had won the money in a 50/50 raffle and she said she and her kids needed food no father or husband, So I kinda overpaid but I guess if she really needed it and it was not just a whinny scam than I don't mind. Maybe I will just set it aside for a grandchild to enjoy 20 years from now. JON
Dont get the wrong Idea The only coins I have cleaned were some really bad halves that I found and some copper pennies just to play with. I have never cleaned a coin that may be worth more than .2 or $4.50 And I DO NOT BELIEVE THIS COIN IS HEAVILY POLISHED, Compared to other barbers I have it looks the same except its shinny and very very nice detail.
Hey, it's probably a good experience cleaning coins. You know what it takes to do it and what they look like after and is something I think I need to try, but obviously not on any valuable or rare coins.
Does this help at all?? I let the system do a pic fix on the color It has a nice shine to it, And with those scratches would that mean its circulated? or not handled good??
Enough said: no regrets, you did the exactly right thing and GOD BLESS! fwiw, my coin had those minor 'bag scratches,' too. KEEPER!
if it is an unc you can try to get more money for it, but like stated previously, it is a 1921 morgan, the lease desirable year there is for the series. i wouldn't pay for more then a couple bucks over melt in a retail setting.
