Morgans are not valuable or worth keeping?

As stated,. From this article, I laughed what's your opinion? Maybe email the author and explain things? lol
Time For A Garage Sale: Collector’s Items That Aren’t Worth Keeping - Money Pop

 

Log in or Sign up to hide this ad.

Morgans are ugly and not worth keeping. They are at least worth their weight in silver

 

This entire article made me cringe. Everything they said is worth a lot of money and pretty easy to sell on eBay.

Collectors determine the value of something by buying or not buying it. Not some dumb website I’ve never heard of. (I think I have a virus now.)

 

Who the devil would listen to a guy who holds a coin like that?

 

Nope, they are not.
I collect valueless things, Morgans are about as valueless as you can get.
Only one dollar? Obviously, the 'gold' ones are better even if smaller.

 

It made me mad. This type of crap online makes vulnerable people more vulnerable financially. The amount of straight up BS online, media, and politically is getting out of control.

 

Uhhhh, well, a little later on in the article (NOT when he is writing about Indian Head Cents), he talks about "Wheat Pennies" and there is a picture of a 1902 IHC. Clearly he "knows" what he is talking about with coins!

Realistically, the VAST majority of Morgan dollars are worth melt. However, as we all know, the devil is in the details.

 

The "average" household-found Morgan Dollar is an old circulated piece worth it's weight in silver or not a bunch more. Common as dirt and there are still gazillions of them around, you can buy then "junk" by the sack-full or old worn or damaged culls at elevated "premium" bullion-stacker stupid prices....or certified worn smooth lowballs at "certifiably nutz" prices. They make an interesting conversation or nostalgia piece. Just as finding fish-in-a-lake, maybe 10% of the entire series have 90% of serious collector community value such as keys, proofs, errors or varieties, (near) mint-state, uncirculated, scarcer stuff. But the average Morgan, neat to hold and a great history but my Red Book "wish list" consists of maybe be a dozen or two coins.

 

It's hard to take the writer seriously when he references an Indian Head penny as a Wheat penny. In other words, this yahoo doesn't know what he's talking about.

You know, it's really just an opinion piece and if I am going to take the opinion of a yahoo, I would rather take the opinion of PCSG!

I see this all the time as I invest in the stock market and there are always yahoo's like this guy that wants the stock to crash so they can get in at a lower price.

 

And yet, my favorite fair-and-square dealer at my local coin show buys even cull Morgans above melt value, and heavily circulated but undamaged examples at a nice premium over melt.

If it's your opinion that Morgans are worth only melt, you may well be right -- but you'll find very very few to buy at that price, and you'll never have any trouble selling them at that price. (PM me. )

 

Attached is an appraisal/ valuation from Stacks Bowers re a run-of-the-mill Morgan, various conditions, 1885. View attachment 1401735

 

Melt right now appears to be $17.76 and people are paying ~$19-22 for "worst" culls plus 2 or 3 for shipping (which may or may not be adjusted if they're buying in bulk. At any rate well over melt.

I haven't read the article yet. Not sure I should. Life is short.

 

PS $17.72 now. Stock up!

 

"Attachment not found".

Not sure what the article you were trying to attach says, but if it says I can buy Morgans from Stack Bowers at melt, I'm all ears!

 

I’ll be more than pleased to give him a green paper dollar for each Morgan that’s not worth keeping. And those greenbacks fit into your wallet.

 

I'll buy everything this fool says is worthless! Easy couple thousand dollar profit on eBay!

 

Yeah I'm not clicking on a site called "moneypop". I'll take your word for it.