Picked up a 19 coin roll of Silver Dollars from local bullion dealer...

Discussion in 'US Coins Forum' started by jtlee321, Sep 4, 2022.

  1. jtlee321

    jtlee321 Well-Known Member

    I went and visited a local bullion dealer I have not seen in quite some time. When I walked into the shop they asked what I was looking for. I told them that I was looking for Morgan and Peace Dollars. The gentleman pointed at their monitor on the counter and said they had a special on a 19 coin roll mix of Morgan and Peace Dollars for $570.00 or $30.00 per coin. I thought that sounded decent, and asked if I could take a look at the roll. I was pretty happy with what I saw for the price and bought it.

    As it turned out there was only 1 Peace Dollar, which didn't bother me one bit. The roll contained the following, all are circulated:
    1894-O Morgan
    1904-O Morgan AU
    1898-S Morgan
    1899-S Morgan
    1900-S Morgan
    1901-S Morgan
    1902-S Morgan XF/AU!!
    1904-S Morgan
    (3) 1921-S Morgans
    (3) 1921-D Morgans
    1900 Morgan
    1902 Morgan
    1903 Morgan
    1921 Morgan
    1925-S Peace Dollar

    Morgan-Dollar-First-6-Coins.jpg

    Morgan-Dollar-Second-6-Coins.jpg

    Morgan-Dollar-Third-6-Coins.jpg
     
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  3. expat

    expat Remember you are unique, just like everyone else Supporter

    A great pick up in my view. Love the fact they all participated in commerce and had been through a few hands. If only they could talk!
    Thanks for sharing those
     
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  4. SensibleSal66

    SensibleSal66 U.S Casual Collector / Error Collector

    Not too Shabby! Nice Coins. .......:happy:
     
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  5. johnmilton

    johnmilton Well-Known Member

    You did very well. My local dealer wants $28 each for culls.
     
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  6. Inspector43

    Inspector43 More than 75 Years Active Collecting Supporter

    My favorite kind of coins are those that had to work for a living. Very nice and I don't know why anyone would put them to melt.
     
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  7. Dave Waterstraat

    Dave Waterstraat Well-Known Member

    Very nice mix of Morgans for the money!:)

    And no love for the Peace Dollar?;)
     
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  8. Omegaraptor

    Omegaraptor Gobrecht/Longacre Enthusiast

    On my way to the other side of the river to check every coin and bullion shop. :cigar:

    Great finds as always!
     
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  9. Spark1951

    Spark1951 Accomplishment, not Activity

    @jtlee321 …Did you have to buy the whole roll, or could you have selected individually? I’m thinking to get the mix price you had to buy all. Personally, I see only 11 I would take the time to work with.

    What did the Peace ballpark grade at? And some of those could qualify for conservation actions. All in all a really good acquisition.

    Some members here think every Morgan is a keeper. I disagree. I have a really tough choice over straight wear Morgans and Peace that have advanced wear F12 or lesser condition. My reasoning is wear or damage has deteriorated the coin so that die markers or clashing has been obliterated. To this end, these coins can have basic VAMs determined but because of the wear, you will never really know.

    JMHO…Spark
     
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  10. jtlee321

    jtlee321 Well-Known Member

    I don't mind Peace Dollars. I've bought quite a few recently, mostly with very cool die cracks with displaced field breaks. But the overall design, I just prefer the look of the Morgan. When they told me it was a mix of Morgan and Peace Dollars, I expected a heavier mix of Peace Dollars.

    I just realized, I left the image of the lone Peace Dollar out. Here it is, it's pretty worn, but no complaints.

    1925-S-Peace-Dollar-Obverse.jpg

    1925-S-Peace-Dollar-Reverse.jpg

    But here is why I bought the lot.

    1902-S-Morgan-Dollar-Obverse.jpg

    1902-S-Morgan-Dollar-Reverse.jpg
     
  11. jtlee321

    jtlee321 Well-Known Member

    Yes, I had to buy the entire lot. Had I been able to choose which to buy, I would have skipped the heavily worn Peace Dollar, all of the 1921 Morgan's and possibly a couple of others. I will be listing a majority of these on eBay. I will probably end up keeping just the 1902-S, but I'm still thinking about it. My LCS has a very nice looking 1878 8TF that I am on the fence about. The profit from this lot would help to land it for a low out of pocket price.
     
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  12. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Great pic ups :) nothing wrong with that
    at all !
     
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  13. jtlee321

    jtlee321 Well-Known Member

    I was mostly surprised that it wasn't full of '83-O, '84-O, '86, '87, early S mints the typical stuff. These were all at least better/late date mm stuff.
     
  14. Michael K

    Michael K Well-Known Member

    Nice keeper on the 1902-S.
     
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