Asking for a friend, what this coin is worth.

Discussion in 'What's it Worth' started by BlueVelvet91, Nov 5, 2017.

  1. BlueVelvet91

    BlueVelvet91 New Member

    So, today after work I went by a very local coin trade spot. Generally, very, very few people even know it exist.

    You can see guys bring in 4,000-6,000 dollars worth of various coins. I bought two Silver Morgan's. A 1878, 7 feather (3rd reverse I think) and a 1900 Morgan, 7 feather.

    I'l provide pictures, of both of them. My good friend at work, was wondering what price his coin might fetch. It's a 1881, it has an absolutely perfect tone in person. It's almost got a pinkish type of hue when moving it in the light on the tail side.

    It truly is a beautiful piece, but anyways he was wondering what price it might fetch if sold and if it might be worth having it graded. I took the picture in his hand, but the picture just doesn't do it just justice.

    Any help is greatly appreciated!
     

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    Last edited: Nov 5, 2017
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  3. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    The photos are not the best, but in my opinion, it would not be worth grading. I'm not going to speculate on what price it might bring at auction, but your friend should not have high hopes for it.

    Chris
     
    paddyman98 and LuxUnit like this.
  4. sacdollar

    sacdollar ASE Lover

    Tell your friend to keep his hopes up. Nice looking items.
     
  5. TheFinn

    TheFinn Well-Known Member

    Circulated Morgans in XF are probably $20 retail, $15 wholesale.
     
  6. BlueVelvet91

    BlueVelvet91 New Member

    As a Steel inspector for Toyota, I inspect the integrity of all Camrys made.

    He was asking, why does it have a pink hue. Well, as anyone who knows metal. Silver doesn't turn pink, at it's oxidation level raises it turns dull grey and blackish, not pink.

    But copper does turn pink at it's lowest oxidation level. Out of the 656,900,590 Morgan dollars that were produced from 1878 through 1921, I've heard that there are probably in the ballpark of about 10,000 (God only knows if that's true or not though) that have a very, very, very slightly higher composition of copper in it and with the copper nearer the outside of the coin.

    That's why some Morgan's get a Pink hue and other's never will in it's lifetime. But some people love illustrious looking coins, some love toned. In my humble opinion, from what I have personally seen there are a lot more people that love illustrious looking coins vs highly toned.

    What I mean by illustrious, isn't unnaturally polished coins either. Just ones with little wear and in really good condition.

    Only really serious collectors, who do know there stuff like the highly toned coins. Ones who know the difference between the "doctored" and naturally toned coins.

    Anyways, I greatly appreciate everyone's opinion on it.
     
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