My first Morgan

I think I payed too much for it.

...but I really wanted one.



Sorry for the poor lighting.

Condition, point out problems (ie. cleaned? I really hope not.) Value?

Edit: the colour is from the light, not coins true colour.

 

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Good for you.

 

Congrats. Nice coin. I'm thinking AU.

 

Nice coin BaldEagle. Looks like a strong AU to me too.

 

Thanks... I'm guessing it probably worth $25 on the open market? I payed more though...

 

1921-P Morgans trade as bullion coins unless they're in MS condition. I always check APMEX pricing to see how it compares to what I'm buying/selling. APMEX is buying 1921's in AU condtion for $22.58 and selling them for $28.08. Your coin looks to be at least AU55 to me.


http://www.apmex.com/Category/161/Bulk_Silver_Dollars_1878_1935.aspx

 

Capital pics (except for the colour balance...you'll work that out ) I'm thinkin' that reverse is a whole lot better than an AU designation. I'm thinkin' '62........

 

Well... I payed $35 for it... too much but that's ok... I like it and I will always look for better.

 

Still a nice looking Morgan! Congrats Bald!
Steve

 

Watch out for the cheek. That hit on the cheek means you definitely overpaid, but it's a solid coin otherwise.

 

Some close up picks of the high points.

 

Your second set of pics look high AU or low MS. Figured at MS price. you might have overpaid by $5; $10 at most if it's AU. If you like the coin and wanted it, I wouldn't sweat 5 or 10 bucks.

 

One thing, the holder it is in looks like one of those soft plastic flips with PVC. I would get it in a different holder as soon as possible. Nice coin, congrats.

 

keep it up w/ the Morgans

 

Yes, I would get it into a more proper holder. Nice looking coin. Agree on the MS66 grade. Does not look to have been cleaned.

Love my Morgans as well. I sometimes pay a little premium just because I need the coin to fill a hole and have been looking for it for a while.

Darn silver prices is making my Morgan chasing $$$$

 

$22.58 buy and $28.08 sell? That's quite a spread for a bullion piece.

 

Well, currently the melt value of a silver dollar is $21.28. These big guys like to make some dough...

 

So, this is the question I'm posing now: How important is Luster in Morgans? I got this one based on wear. There are very few, if any wear spots. However there are a few good dings that would mess it up. Plus the lack of a good luster, the front and back are flatter or hazed than what I have seen in high MS before.

So, how important is luster?

Also, I received estimates from AU55-MS65 can anyone narrow it down? I am rather new at this and I would like to know the reasoning behind anyone's grading.