1921 S Morgan Dollar

Hello. I usually deal in error coins, but a friend of mine asked me if this was worth anything. I said, yea, I'll give you $2", so here it is. Just kidding, I told her worth AT LEAST melt value, but based on ebay closed sales probably better than melt value. I am looking for help. To me. this thing looks awesome! I'm not sure if having it on chain hurts, but I believe it preserved the detail very well. What should she do with this?

 

Log in or Sign up to hide this ad.

A coin in a bezel like that is considered damaged. Not surprisingly (since this coin was used as jewelry) it has also been harshly cleaned and polished. 1921-S Morgan's are very common. So, when you combine all that I feel that this coin is worth melt and no more.

 

Thanks for speedy reply! I want to get back to my coin roll hunting. Makes sense I suppose. I was impressed with the detail, but I don't usually grade, I'm a coin roll hunter. She said she won't sell anyway unless I found out it was rare or found an error. I found none, but she took ot home with the. I'll pass on your comments and anything else I get.

 

Also, by the look of it, I thought the case could be easily popped off, and ui can see the edge of the coin, the "bevels'? Don't know term, or if it's top of reeding. Anyway, I looked up the silver weight and melt value for her, she was shocked. I tolkd her figure ~10x, but that sucker is 90% silver! It's about $13.50 I think.

 

The crazy thing about eBay is even though that coin is only worth melt , on eBay she could probably get someone to bid $25 to 35 .

 

Oh, understood about eBay, range was ~20-~40 for final sales, and some of those were really worn, but she's not selling anyway, unless I can find an error (I had showed her some I have, nickel cuds, and pictures, like the 55 penny). She was happy anyway because her mom said "that old thing has no value". Prompting me to ask if she might have an old bucket of quarters I could buy from her (hehehe). No, I wouldn't. Appreciate it folks. Peace.
Dave

 

The 1921 has the highest mintage of all of the Morgan dollars.......44+ million for Philly..........20+ million for Denver..........21+ million for Frisco. With .77344 oz. of silver in each Morgan, it's melt value is about $13.50 at the current rate. There is no question that FleaBay has more than it's share of bidiots, but given the poor condition of this coin, you have to wonder when final sales of $20-40 took place. If these occurred recently, the bidders were just plain stupid.

Chris

 

...or maybe they wanted to buy a necklace?

 

What does that have to do with anything?

 

It makes as much sense as the OP's coin being worth $20-40 bidunciots.

Chris

 

About the Morgan Dollar I agree as a necklace and in this condition its worth only melt value.As far as the prices on Ebay, yes there are alot of coins I feel people pay just to much for, however aside from Ebay and saying the 1921 morgan was in say A/U condition, there are many respectable coin and bullion companies that sell that coin for over 40.00 dollars. Myself, I only collect Morgan and Peace dollars and yes have paid for some above market price.Sometimes you just cant keep your finger off the bidding button.Ha

 

Chris , just go look at some completed sales for some reason the bidiots are still out in force . The prices seem to be down an average of $5 . The last one I looked at had a '21-P going for $34 with 14 minutes left .

 

Rusty, do you mean 1921 Morgans in "Details F/VF" like the OP's?

Chris

 

Basically any coin above EF . Though to tell the truth I just looked at average coins that could or could not be detailed , all were unslabbed with typical eBay pics . I will go check for '21 unslabbed Morgans though .

 

I stand corrected , seems like even mid grade are going for an average of $20 to $25 some a little less and some up to $35 , but the higher priced coins are fairly nice examples but still '21s . Some are at a low of $18 with 20 minutes left .

 

Looks like the 21-p is a long way off from melt value of 13 and change. Huh 34.00 with 14 mins left yea looks like non diploma people are still out in force.Hell just buy a 99cent calculater.Not to mention 14 mins left and its at 34 big ones that thing in the last two minutes or huh seconds could stop at anyones guess.Chris you have plenty of options as far as selling but I can see now what most of my friends say about this forum STAY OFF OF IT !!THERE ARE TO MANY IDIOTS PERIOD OUT THERE to have any type of decent imput.Take care chris I wish you well!!!

 

Actually make that Dave I wish you the best!!

 

Whenever you have coins that are in jewelry the dealer has to figure out how cleanly he can get the coin out. Also a lot of the time the coin has been cleaned, just like this one. My guess is melt. One thing to note about 1921-S, yes it's common but starts getting up there around high grade near 64 and 65.

 

Ok, thanks. I was thinking grading usually goes by amount of original detail remaining (or at least that is one major factor). I know for Jefferson Nickels the use of the stairs on the Monticello is a key detail (if you can make out most of the stairs it's not so badly worn, if the stairs are gone, it's worth $.05, unless you have a mint error, or so I've read). Again, I'm primarily a hunter of mint errors and / or semi-rare coins, like war nickels, every time I find one I'm happy, and I keep it for my own enjoyment, to show, talk about... I was thinking here the ring would be easily removed (hard to show). I understand cleaning hurts value (but still don't know why if it hasn't hurt any detail of the coin). In all, she was overjoyed just to find out the value of the silver. So, win for me, I learned a lot from you guys, and for her, her coin is worth more than she thought.

 

Thanks again, and I'm sorry I can't pick a best answer. Do I have to? it was all very informative, me being vey green regarding dollars. I can't afford to play with those.