Silver Is On A Tear Today

When I was sorting out all the Peace dollars I got a couple of years ago, I almost went blind. Those 1923's look just like 1928's without a magnifying glass. Most of them are really poorly struck.

 

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Got the road and driveways plowed earlier, didn't get the sidewalk yet. Just heading out to shovel and I see the neighbor boys with their little Jeep and shovels in tow!

I usually give them Ikes but maybe they'll find a little silver today!

 

Do NOT waste your time with these roadshow buyers. They are rip off artists. Premier comes to my city several times a year. They are a joke. I posted a video somewhere where a guy went in with a hidden camera and recorded them. People who don't know the value of stashes they've had handed down get raped.

 

Not sure who you’re referring to. I was responding to @abuckmaster147. He posted and asked but only the obverse is pictured so the mint marks are missing.

 

Um Where the heck are the mint marks LOL And what is a VAM ?

 

Uh oh.......there is a whole nother drug out there for you to get addicted to.
https://www.vamworld.com/wiki/Home

 

Back in 2013 I was asked by an attorney friend to help appraise some coins for an estate with about a dozen heirs. Just an accumulation of circulation silver from an old couple who owned a bowling center for 30 years. And about 10 silver dollars. After doing all the work the executor felt I missed a 1928 P Peace dollar. Oh Going back through them I showed them the ‘1928’ was a 1923. I certainly knew the difference since I own a 1928.

 

The mint marks on the Peace Dollar are on the reverse located just above the eagles tail feathers by the rim at 8 o’clock. On the Morgan they are also on the reverse by the eagles tail feathers at 6 o’clock.
A VAM is A catalog diver variety on a Morgan silver dollar. The term VAM Is from the researchers names, Larry Van Allen and A. George Mallis. They identified the number the differences in the coin dies. That includes doubled dates, clash dies, repunched mint marks or RPM’s, die cracks and the like. These are not errors but varieties.

 

@abuckmaster147 If you don’t have one it would be wise to buy a R.S. Yeoman Red Book. It is a guidebook of United States coins. The issue one a year some people collect the books and buy a new one every year however, I do not. The prices are just a Guide. However, The information contained in the books is priceless.

 

You can buy a Red Book a few years old from eBay for $5-10 to your door.
I currently use a 2019 which just happens to have prices that track closely with current values. Gets me within 10% of eBay sold price at a quick glance.
Probably won’t help if spot keeps going up daily. I have about a dozen Red Books of various years so I’ll have to figure it out as time goes by.

 

The lower grade Morgans and Peace dollars in common dates are woefully out of date not only there but both on PCGS and NGC coin guides. But all are great references for rarer collectable coins.

 

Take the books value for a silver coin and multiply it by the increase in silver as it continues to rise. That should get you fairly close to its value. With some coins even high grade MS coins are now trading at spot. I use a 2022 book. Good enough for me as the price of a book goes to coins.

 

1889 Morgan has an O the rest nothing so what the rest Philly? The 22 Pease in 2x2 is a D ,The 23 Pease is S and the 26 is S The 3 in blue box are D,S and nothing,

 

I have one from the teens I bought when I was collecting most of my coins, Then had a med that pretty much made me Forget everything I had done and gone through until late teens , Back in like 2013 I used to be able to tell someone about a coin a tiny bit like Paddyman But then something happened and now its a whole new learning experience. Never was a grader worth a crap though,

 

The O on the 1889 Morgan is for the New Orleans mint. Without any letter or letters by the Morgan eagles tail feathers the rest would be minted in Philadelphia. The 1921 Morgan’s were put together as a set of the last year Morgan Dollars were minted for circulation. They are lower grades and all three are common dates. Philadelphia, Denver and San Francisco are the mints.

 

Grading any coin is difficult for most and it’s also subjective. The Red Book breaks down how to grade each type of coin, which helps us non-professional graders. I tend to grade on the poorer side. It lowers the value but it helps in a number of ways due to over grading.