Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
A Tougher Date Morgan
>
Reply to Thread
Message:
<p>[QUOTE="physics-fan3.14, post: 5163641, member: 19165"]So, let's say it grades VF details. I think that might be slightly generous, but give it the benefit of the doubt. Heritage sales indicate that a problem free, certified VF-20 is an $80 coin. </p><p><br /></p><p>The problems on the coin instantly cut the value in half. Major gashes across the obverse are an incredibly unattractive problem. Honestly, I'd be amazed if you could get $40 for this coin. </p><p><br /></p><p>Well, how many people are going to pay a premium for this sort of damaged coin, when they could get a problem free coin for just a few dollars more? </p><p><br /></p><p>Not many. </p><p><br /></p><p>Sure, a morgan dollar's' silver value right now is $17.57, so you bought the coin for slightly under melt... but it isn't worth much more than melt. This date isn't scarce enough that low-grade problem coins will sell for premiums. </p><p><br /></p><p>This coin isn't an exception... you paid a bit less than retail for a horribly damaged coin that nobody wants. Sorry if I sound mean, I just can't congratulate you on this buy.[/QUOTE]</p><p><br /></p>
[QUOTE="physics-fan3.14, post: 5163641, member: 19165"]So, let's say it grades VF details. I think that might be slightly generous, but give it the benefit of the doubt. Heritage sales indicate that a problem free, certified VF-20 is an $80 coin. The problems on the coin instantly cut the value in half. Major gashes across the obverse are an incredibly unattractive problem. Honestly, I'd be amazed if you could get $40 for this coin. Well, how many people are going to pay a premium for this sort of damaged coin, when they could get a problem free coin for just a few dollars more? Not many. Sure, a morgan dollar's' silver value right now is $17.57, so you bought the coin for slightly under melt... but it isn't worth much more than melt. This date isn't scarce enough that low-grade problem coins will sell for premiums. This coin isn't an exception... you paid a bit less than retail for a horribly damaged coin that nobody wants. Sorry if I sound mean, I just can't congratulate you on this buy.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
A Tougher Date Morgan
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...