This coin is being offered to me. The dealer says it is a "proof" 1881 morgan dollar S mint. What can you tell me considering this photos ? What is it worth ? Thanks in advance
I have bad eyes but I'd say it has been plated or heavily polished/buffed. Stay away from it as "if it looks too good to be true then it usually is". And don't go back to that "DEALER" - cause I think he's dealing more than just coins!!
A lot of S mint morgans are somewhat reflective or "prooflike". But judging by the picture I'd say this one does not look natural, it has been seriously overdipped, polished, or worse. Certainly not a proof.
This should tell you that NO proofs were minted 1881-S 1881-S SILVER DOLLAR PCGS Nos: 7130, 7131, 97131 Mintage: Circulation strikes: 12,760,000 Proofs: 0 Designer: George T. Morgan Diameter: 38.1 millimeters Metal Content: Silver - 90% Copper - 10% Weight: 26.73 grams Edge: Reeded Mintmark: Small "S" (for San Francisco) beneath the bow on the reverse
Probably would grade PCGS 70. Bright is best- clean and buff your coins. (Just Kidding, hope I don't get deleted)
Ok no proof in this year. But this seller is in the market for a long time and not known to sell fake coins. Do you think this is fake ? If not and considering it is not a proof, but a polished and cleaned coin how much it is worth ?
I can infer at least two things from your photos and story: 1) This dealer thinks you're an easy mark. 2) This dealer has the ethics of a cockroach.
No value to a collector except for the silver content. Although plenty of "newbies" that will buy it - just let them know that it is polished!
Not a fake based on what I see. Probably worth a little more than melt, I would pay no more than $20. I would most likely stay away from that dealer though, chances are that the other stuff he sells is probably misrepresented too. Just because he doesn't sell fakes does not mean that he is not selling misrepresented coins.
An 1881-S Morgan Dollar Proof does not exist. Any respectable dealer would know this, which means this person is not a respectable dealer. It's that simple. Some of them survive because the sheep demographic in numismatics is that large. It's likely real - these are far from uncommon and far from uncommon in high grade, although this one's been polished (the "gleam" on the obverse is far too homogeneous over the devices to be anything else) to the point where a grade is immaterial. I would not contemplate a value much above melt for this one.