Okay - going to keep this simple. For those who are anal retentive you might want to go to the next post as I'm not going to get "exact". Today silver closed at about $38/oz. A silver dollar (like a Morgan or Peace) has about 3/4 oz of silver - or $28.50 worth of silver. How much premium should one get if they sell a Morgan on ebay. Not talking about a top mint type coin. Also factor out shipping. Just curious what the additional value the coin brings "in general" over the raw metal value. KC
It depends on the condition. Assuming that it is a common date and is G-AU, it might not get any premium. Chris
You'd be better off selling it privately (depending on the condition of the coin) as the e-bay fee's will eat you alive......
The collector value of a coin is an emotive premium over its intrinsic value. If the coin is a 1921 Peace dollar in VF condition, the price of silver is largely irrelevant to its value. If the coin is a 1921 Morgan dollar in VF condition, then its value is largely determined by the price of silver. The reason for the difference is simple - there are many more 1921 Morgan dollars in VF available at melt price than collectors desire, while there are too few (basically no) 1921 Peace dollars in VF available at melt price than collectors desire. When a silver (or gold) coin is available in quantities beyond collector demand, its intrinsic value determines its worth. When such a coin is not available in quantities beyond collector demand, then collector demand determines its worth.
