sorry, I misspelled Dollars. these were left to me by my Dad. can someone with coin experience please tell 'about' what my coins might be worth. I've talked to coin dealers and they have told me their 'about price'. I know they are in it to make $ too, which I have no problem with. I just want a fair deal. I have 20 1881-S Morgans and 20 1899-O Morgans. they are all in plastic holders and in pretty good condition. I also have a 1937-S Quarter. Grade: MS65/65. your opinions are appreciated.
wow that is a lot of morgan dollars, why did you get 20 of two dates/mm's? Most people would try to get 20 different ones rather than 20 of the same. Are you trying to corner the market?
I understand, I wish I could ask my father lots of whys about the coins he left. When you say good condition do you mean good as in a grading term, or just a generic term? Some people do grading sets, they have multiple copies of a coin in different states of wear. If you post some pictures some morgan experts might be able to tell if the coins you have are different varieties, they may look all alike to you or me, but to a morgan expert some collect different die varieties, did your dad have any coin collecting books?
We need pictures to determine anything, most commonly though people present us with coins that are worth melt value, but before making any determination pictures are needed. Also, who graded that quarter of yours? Pictures of that would be nice too.
Value is determined by condition. Without an accurate grade or good photos (so we can estimate grade) any estimation of value would be a guess. Just to give you an idea of what your coins may be worth I will post the Grey Sheet prices. Grey Sheet is what a dealer may pay another dealer, not what he would pay YOU if you walked in his shop. You may need to deduct 10% to 20% of Grey Sheet for what a dealer may offer you for the coins. (This is because a dealer must make a profit, otherwise he could not stay in business.) 1881-S Morgan Dollars - VG = $17, AU = $22, MS-63 = $37, MS-64 = $47 1899-O Morgan Dollars - VG = $17, AU = $20, MS-63 = $38, MS-64 = $50 So, if the Morgans are circulated a dealer may offer you $15 to $20 each. You say the Morgans are in plastic holders. Are the holders slabs with grades? If so, what is the name of the grader? (The most respected - and, hence, the ones that garner more money - are PCGS, NGC, ICG and ANACS.) You say your 1937-S Washington Quarter is graded MS-65/65? Who gave the coin that grade? Years ago ANACS used a split grade for coins, one grade for the obverse and another for the reverse. Is your coin in an old ANACS holder? If your 1937-S quarter is a true MS-65 it Grey Sheets at $330. Grey Sheet for other grades: MS-64 = $205, MS-63 = $175, MS-60 = $130, AU = $75, XF = $26.
Welcome to the neighborhood! No question! Photos would definitely help on the Morgans. There are collectors who like to collect coins that are in the old ANACS grading certificates, and some will even pay an additional premium to get them. Chris
