Discussion in 'Coin Chat' started by Joy Matherne, Mar 17, 2023.
Log in or Sign up to hide this ad.
Don’t think that’s a realistic price..
Here is a few I would sell that are better
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
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.
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.
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.
By wiped he means cleaned.
Separate names with a comma.