1883 1884 1885 Morgan dollars value ???

Discussion in 'Coin Chat' started by Joy Matherne, Mar 17, 2023.

  1. Joy Matherne

    Joy Matherne Pro life for coins...

    I went to a local bullion shop and they are wanting 150.00 for these 3 beauties... I was only able to get one obverse photo of them, was hoping someone could advise if this is a good buy? And as stated I was only able to get this one photo. 20230316_130431.jpg

    Attached Files:

    alurid likes this.
  2. Avatar

    Guest User Guest

    to hide this ad.
  3. Pickin and Grinin

    Pickin and Grinin Well-Known Member

    Looks like someone wiped the coins at one time or another. Melt or Au value might be a good price.
  4. jerryc39

    jerryc39 Well-Known Member

    $60 might be a good deal.
    Paddy54 likes this.
  5. Mammothtooth

    Mammothtooth Stand up Philosopher, Vodka Taster

    Don’t think that’s a realistic price..
  6. jerryc39

    jerryc39 Well-Known Member

    neither was $150
  7. potty dollar 1878

    potty dollar 1878 Well-Known Member

    Culls are going for around $20-$30 I'd say the price was a bit to much($110-$120).Without seeing the reverses there might be a cc on the other side of one for all we know.
    Paddy54 likes this.
  8. Mammothtooth

    Mammothtooth Stand up Philosopher, Vodka Taster

    Here is a few I would sell that are better A4822669-1843-4A7F-94E7-9E4D55631564.jpeg

    Attached Files:

  9. -jeffB

    -jeffB Greshams LEO Supporter

    I was just about to say "unless they're CCs". Even S mints would still make it a good buy. But the likelihood of either is somewhere between "not worth going back to check" and "not worth the effort of double-clicking on an image to look more closely". They're almost certainly P or O.
  10. Mammothtooth

    Mammothtooth Stand up Philosopher, Vodka Taster

    USACoinbook.com for prices
  11. alurid

    alurid Well-Known Member

    I think that $50 each is really not to far out for what looks to be three nice lightly toned AU Morgan dollars. That being say I could write two paragraphs on things
    to look out for.
    Do not forget too factor in what you can/will learn from having coins like this and deduct that value from the initial cost.
    If they appeal to you, you will learn more from them. IMHO
    Randy Abercrombie likes this.
  12. Morgandude11

    Morgandude11 As long as it's Silver, I'm listening

    I would pass, as they are cleaned coins. You can do much better with coins that are not cleaned.
    Paddy54 likes this.
  13. Collecting Nut

    Collecting Nut Borderline Hoarder

    Not a good deal at all I’m afraid. Those coins have been cleaned. Please pass on them. Philly and New Orleans mint marks are common in Morgan’s and that’s probably what they are.
  14. Paddy54

    Paddy54 Well-Known Member

    Yes agreed clean common date, in my circles I pay 30/35 $ ea for Au or better for such. Hard pass
  15. tommyc03

    tommyc03 Senior Member

    I'd like to live in an alternate reality where these become cull, junk or melt value coins. Morgans aren't cheap anymore.
    LakeEffect, longshot and Kentucky like this.
  16. Vess1

    Vess1 CT SP VIP Supporter

    Sometimes you need to flip it around an think if you were trying to sell these to him, what's he going to give you and then decide how much premium you want to pay over that.

    If you see 3 Morgans like this that all have the same type of odd toning and then colored toning that's similar, there's a high chance that they were cleaned and re-toned together. It would be rare for a set of three to look this similar in the wild.

    Could they have been together since 1883, exposed to the same elements? I suppose it's possible but the likelihood of shenanigans is higher than that probability.
  17. Michael K

    Michael K Well-Known Member

    I assume $150 for all 3? Please be more specific. Are these all Philadelphia?
    Without knowing what or any mint marks are, you are just guessing. The Phillys are the more common dates for these 3 years. It's likely these have all been cleaned since he is a bullion dealer and not a coin dealer. And the person he bought them from may have cleaned them. Uncleaned they may be worth $50 each, so you are breaking even. Cleaned they are worth less.
    Melt value on these are $17.50 each, the bullion dealer will pay a little less than spot and should sell for a little more than spot. If he paid $16 each for these, it's a gouge that he is trying to get $50 each, when $30 is more reasonable.
    Last edited: Mar 17, 2023
    furham likes this.
  18. furham

    furham Good Ole Boy

    Less than $100.
    Vess1 likes this.
  19. Mammothtooth

    Mammothtooth Stand up Philosopher, Vodka Taster

    Excellently stated
    alurid likes this.
  20. Jim Dale

    Jim Dale Well-Known Member

    Please, for the uninitiated (meaning me), what do you mean by "wiped"?
    I bought a "western set" of 1882CC, 1883CC, & 1884CC about 6 or 7 years ago for $1,500. They had been certified by NGC MS 65. If "wiped" is a derogatory term for damaging a coin, I would pass. I have trouble enough collecting coins that are in good condition.
    I think $50 is as good as any price.
  21. furham

    furham Good Ole Boy

    By wiped he means cleaned.
    Pickin and Grinin and Jim Dale like this.
Draft saved Draft deleted

Share This Page