Good price for a Morgan dollar

Discussion in 'US Coins Forum' started by bugo, Dec 15, 2013.

  1. bugo

    bugo Well-Known Member

    I want a Morgan dollar for my collection. It must be in fairly good shape but it doesn't have to be BU. Date and mintmark are irrelevant. What is a good starting price? Don't tell me to go to ebay because everyone on here says that it is overpriced. Thanks in advance.
     
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  3. YOC

    YOC Well-Known Member

    Go to ebay, I bought 3 for £57, lovely condition and nicely toned........honestly.
     
  4. Mainebill

    Mainebill Bethany Danielle

    I've sold them on here for $25 that's about the going rate for average circulated Morgan's might even be able to buy them for $20 as silvers down clean problem free vg-xf coins of common dates are readily available for around this range if you look in the right places
     
  5. Mainebill

    Mainebill Bethany Danielle

    1921 is a real common date too and can be bought in fairly high circulated grade for about scrap you might also be able to trade junk silver for one
     
  6. Mainebill

    Mainebill Bethany Danielle

    You might be able to trade common junk silver for one too from someone that just wants the 90%​
     
  7. bugo

    bugo Well-Known Member

    Thanks Mainebill!
     
  8. McBlzr

    McBlzr Sr Professional Collector

    I just bought 3 circs for $18 each. Just common dates. The guy needed a few bucks.
     
  9. bugo

    bugo Well-Known Member

    1921 is perfect. It would complement my 1922 peace dollar quite nicely.

    As for trading for junk silver: I don't trade my coins. It will have to be cash (or, most likely, paypal.com).
     
  10. harris498

    harris498 Accumulator

    We sell them in the shop for $21-$24, common circs. They melt for about $17 (at least they did, not long ago) so $19-20 isn't impossible.
     
  11. Morgandude11

    Morgandude11 As long as it's Silver, I'm listening

    Go to the cheap coin bin at your local dealer, and get some circulated Morgans and Peace Dollars. Don't need to look hard, as circulated examples are very common, and attractive ones are easy to find.
     
  12. Morgandude11

    Morgandude11 As long as it's Silver, I'm listening

    1921 is an extremely easy date for Morgans and a tough one for Peace Dollars. You should find a circulated but nice example for $25-30 of the Morgan.
     
  13. bugo

    bugo Well-Known Member

    So it looks like I'm looking at $20-$30. Not a bad deal for a beautiful coin. Thanks to everybody for their feedback.
     
  14. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    Perhaps this will not matter to you, but it is worth mentioning that the design used for 1921 Morgans is different than those from the earlier era. While the differences are not great, they are rather obvious, and most seem to find this date the least pleasing of the series.
     
  15. Morgandude11

    Morgandude11 As long as it's Silver, I'm listening

    Very true. One can find the 1881s and 1882s, or the 1884o and 1885o and similar dates for the same price in decent condition.
     
  16. bugo

    bugo Well-Known Member

    I ended up with a 1921-P. I got it for $25. I'm happy with it.

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  17. bugo

    bugo Well-Known Member

    I didn't know the '21s were different. There is an '83 in my grandma's collection that will be mine someday that I'll compare to it next time I'm at her house.
     
  18. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    The exacts escape me, but I believe the reason had something to do with having to quickly produce new dies for coin production post Pittman act. Perhaps someone else can debunk or verify this, so please don't hold me to it. ;)
     
  19. Ed Sims

    Ed Sims Well-Known Member

    1904 was supposed to be the last year the Morgan dollars since the Mint did not intend to strike any more ever, so they thought, the master hubs, working dies, et cetera, were not kept so in 1921 when the government decided to coin silver dollars the Mint had to start from scratch to recreate the old Morgan design which they did not do very well, As a result the coin is actually different but to the inexperienced eye the differences aren't noticeable until you take a pre 1921 Morgan and put it next to a 1921.
     
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