A few silver dollars - how'd I do?

I picked up a few silver dollars from a large group at a "We Buy Gold" shop today. Got all these for under $400 (or, roughly the book value on the 1900-s). How'd I do?

1883-O ms60-62
1885-O ms64-66 PL
1886-O vf20-30
1889 ms62-63
1890-O xf40
1894-O vf20-30
1900-S ms61-64
1925-S ms61-63
1926-S ms62-64
1927-D au55-ms61 (bit of a split grade going on)
1927-S au58-ms62
1928-S ef40
1935-S vf30-ef40

 

Log in or Sign up to hide this ad.

I'd have done that deal, too.

 

I don't have my Cherrypickers Guide or VAM book handy. Are there any significant varieties to check for on any of those dates?

 

The Peace 27 S in MS 63 is a $500 coin. I can't tell from the pictures if it is UNC or not.

 

Reverse is definitely in that range, but the obverse brought down the net grade:

 

I'd say you did quite well. The 27-S looks like a low AU from here. Good to hear that a "CA$$$H FOR GOLD!!!!111" place doesn't get the last laugh, but they undoubtedly ripped off whomever brought them in.

 

Am I over or under grading these? I feel reasonably confident on the Morgans, but I'm weaker on grading Peace dollars

 

Peace dollars are tricky if they're not mostly white. Look at luster and surfaces.

 

Yes. Dealers are notorious for marking up the grade insanely on raw coins. Don’t believe any of those designations. That 85o Morgan is not prooflike. It is low grade MS. Overall, it is a reasonable price for those coins. The 27s Peace dollar is a good date, but looks circulated to me—AU.

 

The deal seems on the high side to me. At $400 for all that would be about $30 per coin and they are all raw. Dealers like to mark up raw coins so I think it's a little high.

 

Isn't the 27-S a $400 piece ?

You got ALL of them for $400 ?

 

Actually, all for a bit under $400. And the 27-S is only a $400 coin a significant step or three above mine. Book value (& auction record) in AU58 is only about $150.

And the grades are my estimates. The PL 85-O is borderline DMPL in hand. It was the only one I picked from a small bag of $45 apiece that had definitely been set aside due to high grade alone (it had four or five very high grade common dates if I remember correctly).

 

Here's the 85-o by itself. What grade would you assign it? Bearing in mind that the obverse of New Orleans morgans tend to be very weakly struck.

 

What price would you have paid for this group? I mean, they aren't silver rounds, even though well circulated common-date Morgans often trade that way.

 

About $22-$23 per coin I think. I do live on the cheap side, if you know what I mean.

 

Looks like that's a more attentive "We Buy Gold" place than the ones we used to have around here, if they had a $45 each bin. The ones around here would've bought at probably $8 each in the current market, and sent them to the refiner rather than bothering to classify them.

 

Going step by step through the VAM catalog. The 1883-O appears to be one of the o/o varieties that year. Am I id-ing this correctly as a VAM-10?

http://ec2-13-58-222-16.us-east-2.compute.amazonaws.com/wiki/1883-O_VAM-10

 

Is the 1885-o a VAM-7?

http://ec2-13-58-222-16.us-east-2.compute.amazonaws.com/wiki/1885-O_VAM-7

 

Whoa... the 1886-O... is this a VAM-1A1? Not as clear in VF as it would be in higher grade, but still neat:

http://ec2-13-58-222-16.us-east-2.compute.amazonaws.com/wiki/1886-O_VAM-1A1

 

It looks like a pretty good deal.

The great thing is none of them were minted in China. You really have to watch that these days. Just because it's "worn" does not mean it's real.