Okay so I have the following... 1880 S Morgan Dollar CHOICE MS BU VERY HIGH GRADE GEM http://cgi.ebay.com/ws/eBayISAPI.dl...BtpjcRw%3D&viewitem=&sspagename=STRK:MEWNX:IT 1881 S Morgan Silver Dollar RARE NGC MS64 HIGH QUALITY http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=390254590857&ssPageName=STRK:MEWNX:IT also 1900 Morgan Silver Dollar + three 1922 Peace Dollar, two 1923 peace dollar, and one 1934 peace dollar..How much do you think they are worth now? And in 20years? If you need pics I will upload them regards, im new so would like some advice
Welcome to the forum! I assume the two morgans are auctions you won? The first coin looks cleaned and is worth spot value of silver. Now and forever - that is if it is genuine. The 81-S is worth between $50 to $60 retail. No telling what it will be worth in the future. Can't comment on the peave dollars - you would need to post clear pictures for others to grade them and give an estimate. I do recommend if buying off ebay to stick to one of the 3 big tpgs - PCGS, NGC and anacs. I hope I am around in 20 years to see what prices are like.
Coins are a poor investment with the possible exception of key dates in popular series. Don't buy for 20 years from now. Buy because YOU like the coin, will enjoy it now, and not based upon what others think of it. Also, have fun while you're at it!
All I have to say is know what you are looking at when you buy on ebay. Many problem coins, counterfeits, fake slabs, cleaned coins, and altered items are up for bid at all times. If you are ever in doubt, steer clear. I personally wouldn't buy any coin on the bay over $100. I'm not saying you do the same, I'm just telling you my own personal rule.
Welcome to the neighborhood! Don't believe anything anyone says on SleazeBay unless you know them. For example, the 81-S is not "RARE". It is known for having one of the best strikes in the series, and there are 100,000+ certified in MS64. Chris
Not my area of collecting, but it that why the coin has a flat, lifeless look and why the seller gave it the coppery color. For being a "choice BU" coin it obviously lacks the presence the aliveness of the slabbed MS-64. Thanks, also, cpm8ball for the numbers: "and there are 100,000+ certified in MS64." I never considered Morgan and Peace Dollars "rare." Admittedly, there are lower mintages and keys. Also, the collecting community has a sense that some that were once plentiful became scarce as a result of the Pittman Act and other outside causes. I understand that generally speaking one-third of all Morgan and Peace Dollars are uncirculated. Is that true? We say that in numismatics, knowledge is king. We all pay for our educations one way or another. Better to pay early and be smarter sooner.
There were 570 million Morgan dollars struck from 1878 to 1904. An additional 86 million were struck in 1921. There was also 190 million Peace dollars struck from 1921 to 1935. It is estimated that about 340 million combined were melted as a result of the Pittman Act, World War II, damage and the silver melts of 1979 & 1980. I don't have any estimates on how many Morgan & Peace dollars were actually released into circulation. By 1961, there were 150 million silver dollars in the Treasury vaults. Most of them were Morgans, but there were also Peace dollars. The Treasury accounting did not differentiate between the two. So, the estimate that one-third of the Morgans were probably uncirculated is probably very close. Chris
Great advice. Besides all the mis-graded, inaccurately described, altered, cleaned, and doctored coins out there, you have to be aware that even common date Morgans are being counterfeited in Red China. Ebay is not a good place at all to buy older silver if you aren't familiar with a series.
