I need advice on selling 19 coins for best return

Hi all,

I hope you all can help me. I know next to nothing about coins, but I have 19 coins to sell. All of them are ungraded and I am hoping to maximize my return after any costs.

17 of them are Morgan Silver Dollars. The other 2 are a $5 Liberty Gold and a $10 Liberty Gold.

I guess my options are:

1) Sell them ungraded on Ebay. I do have a 100% positive feedback rating and 60+ stars, so I probably seem like a somewhat trustworthy seller.

2) Have them graded and then sell them on Ebay. Are the Morgan Silver Dollars worth the cost of grading? If so, what grading service would be best?

3) Consign them. If I consign them is Heritage the best way to go? Or would another service or company be better? What sort of percentage should I be prepared to pay to the consignee?

4) Any other method I haven't considered.

Here are pictures of a random selection of 3 of the Morgans (I think they are all roughly the same era and numismatic value) and the 2 Gold Liberty Coins. Pictures I can't fit into this post will go in the next post.

Thanks for your advice!

Marty

 

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Mary
Welcome to the forum!

Most Morgan dollars will sell for under $20 each....what we need is a list of date and mintmarks for each coin that way we can help better.

Some coins are worth getting graded but most of the time its not good to spend about $15-$20 per coin to get it slabbed when the value is only $25.

Same as above....we need dates and mintmarks and also a good photo of both sides of all of the coins would be a great help

Heritage deals mostly in rarer coins and high dollar coins....

They will tell you...you don't get to pick!

The value depens on lots of things...not just the year...but the date, mintmark, grade, and so on....

Don't....if you do...great but coins aren't a good investment and it is hard to know from day to day what a coin will bring.
I would suggest trying to find a dealer near you and seeing if he would look at your coins and tell you how much they are worth....now his value will be a little low just in case you want to sell them he doesn't want to give a high value when he must buy at a little lower than list.

So post the photos and the other info and maybe we can help!

Speedy

 

Here are the rest of my pictures

Here are the rest of my pictures.

Thanks for your help!

Marty

 

Here are the mint marks on all 17 Morgans:

1) 1885 - No Mint Mark
2) 1898 - O
3) 1885 - O
4) 1883 - O
5) 1884 - O
6) 1900 - No Mint Mark
7) 1884 - O
8) 1886 - No Mint Mark
9) 1884 - O
10) 1904 - O
11) 1885 - No Mint Mark
12) 1900 - O
13) 1884 - O
14) 1904 - O
15) 1898 - O
16) 1884 - O
17) 1904 - O

 

Gold Coin Dates

The 2 Gold Coins are:

1) $10 Libery Gold: 1892 - No Mint Mark
2) $5 Liberty Gold: 1899 - No Mint Mark

Thanks!

 

Welcome to the forum Marty. The best thing to do would be to take them to a reputable dealer and have him make you an offer on them. If you tell us what state you live in, we can tell you whether there are any reputable coin dealers in it.

Charlie

 

Although charlie makes a good suggestion, Please educate yourself about your coins first !!

Please post the coins one at a time with good pics for grade opinions and any other info the members here may want to include.

Many Morgan dollars in higher grades sell for significant money, and a VAM (minor die variations) on certian morgans can sell for multiples of MS grade prices.

Rick

 

Welcome Marty!!

I'm really curious about the printed tags I see, can you tell me what they say? That may make me change my mind about my answer.

I'm going to go against the grain, but I think eBay is the perfect place to sell Morgans. You take nice pictures, a plus for sure.

I'm not seeing any tough dates on the Morgans, so I don't think getting them graded is going to help your profitability at all. And if you want to take them to a dealer to get a feel for the price, go for it, but chances are they are going to offer you less than what you will get on eBay.

Just my 2c

 

Tags on coins

My mother bought the coins bought from a company called Ruffco in 1985. I don't think Ruffco is still in business. They graded them all at the time as MS60, but I didn't mention it because A) I don't think their grading meant much and B) I figure grading standards have probably changed a bit in the last 20 years. (By the way, it was obviously not a stellar investment... I wonder what the Dow was at in 1985.) As you can see there is a lot of variety in the condition of the Morgans, so I am not relying too much on the MS60 grade.

I really appreciate all of your help and advice!

By the way, although my natural inclination is to steer away from a dealer who is not incentivized to give me top dollar, I suppose its at least worth taking them in for a quote. I am in Nashville, Tennessee

 

I like the idea of selling them through Ebay. It seems to be about the best way these days to get full value for common coins like Morgans.

It might also be worthwhile to ask a dealer to grade the coins for you even if you have to pay him a few bucks to do it with the understanding that you don't intend to sell to him, just have him grade them and tell you approximately what they should sell for. This could be an inexpensive way to help determine whether there are any particularly valuable coins in there.

 

As they said the Morgans aren't hard dates to find even in higher grades...I would say if you got $15-$20 each for the Morgans that would be good....NOW PLEASE let me say that I haven't see the photos for all of the Morgans....but if they are like the few you showed I think that would be about what my dealer would give for common date Morgans...
As for the gold....maybe $150-$250 for the $5 gold piece and maybe $350-$475 for the $10 gold piece.

Please remember that I can't say for sure...a dealer might give more or he might give less...he has to make a few dollars when he sells them....
I wouldn't get them slabbed and I wouldn't go Heritage....they would get most of the money that the coins would bring---try a dealer and if you want ebay....but I agree with Rick....read about the coins first...just don't jump and try to sell.
Coin collecting takes lots of time but it is fun!!

Speedy

 

That wasn't a good time to be buying coins...the market was HOT and coins were high....

More than likely....when the market dropped they went under.

They have in one way but that isn't good....grading IMO should stay the same.

The variety doesn't make any matter to the grade....you don't grade a 1881-S like you do a 1904-O....they all are coins in themself and from what I see I don't call them MS60 but not too far away....

Speedy

 

Thanks for the info Marty.

I'm sticking to my answer. Take good pictures and tell the MS60 story. Also show a picture of the tag, there may be some interest in the coins because of them, you never know. Start them at 99c with no reserve and let us know when you have them listed It will generate a lot more interest than if you start them too high.

If you take them to a dealer and he wants paid to grade them, I wouldn't go there, not really worth the money on common date coins. I think you will do ok on eBay.

Good luck!!

 

Its a mistake to sell on ebay unless you do your homework on those coins !!!

The New Orleans coins are known for a weaker strike than Philly or San francisco,, what would be a 60 or 61 of the P or S mint coins often turns into a 63 or 64 for the new Orleans minted coins,,

I dont collect Morgans so I have no Dog in the fight, but I do know that others here do ,,

Good luck whatever you decide to do !!!




Rick

 

Just please go by the rules....in the OPEN forum or AUCTION forum only for such offers and only after a member has 10 posts....

I totaly agree!

Speedy

 

I just took another look at the pictures. It looks like there is PVC on at least 2 of the Morgans. I see green, that could be a major problem. The plastic in those flips looks soft, that's a red flag. Darn, I hope I'm wrong.......maybe you should have a dealer look at them, or post some close ups for us to check out. The last thing you want to do is sell PVC coins on eBay without disclosing it.

 

There are 2 PNG dealers in Tennesee. There is Wilkison International in Nashville, and John Dannreuther Rare Coins in Memphis.

Charlie

 

Don't forget to check for VAMs (die varieties). You never know. Could get lucky. These have been getting even more attention since PCGS started additional VAM grading/authentication.

Checking the TOP 100 VAM list and your list, you might want to check for....
1884-O O/O underlying remains of O at bottom left outside (don't get confused with all of the other 1884-O O/O VAMs)
1886-P misplaced date in designers initial
1900-P double eagle
1900-O micro O mint mark
1883-O O/S

 

Feedback

Hi all,

I appreciate all of your advice! I thought I would post a follow-up to let you know what happened. I took the Morgans to 2 dealers. One offered $13-$14 each. The other offered $15 each. I sold two on ebay. One one went for $32, the other for $28. So...I guess there's just nothing like ebay.

I do have one more question...how do you think PCGS would grade the gold coins? I am wondering if it would be worth it to have them graded. Do you think they would get an MS60 grade. Maybe even higher? I have no idea how to grade coins.

Thanks again for all of your help!!