Three Morgan Dollars. What are they worth?

I came across these silver dollars and I am looking at purchasing them. I was wondering what a reasonable price was to buy them and if they were real or not.

 

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Melt

 

So how much would that be total?

 

http://www.coinflation.com for melt values.

If I was the buyer, I would start my offer with the values on the holders:devil:

 

Thanks for the link. The price is currently only one melt value for all three, so I may bid on it. If it goes above 30, then I will probably let it pass.

 

At $30, that's $10 each. I would spend at least $60 for the lot.

 

Worth to who?
Some would say $75 max. Other would say $120.
You have to decide what they are worth to you.

 

I mean this only as friendly advice, but....


1. If you cannot place even a reasonably realistic value upon a coin, you probably should hold off on any buying and instead focus on learning.

2. If you cannot tell real from fake, especially with raw coins, you really should hold off on any buying and instead focus on learning.

3. If you cannot figure out silver content/melt value, you probably should hold off on any buying and instead focus on learning.


I understand the excitement of acquiring new coins, but there is much more to enjoy about your hobby than just this. Taking the time to educate yourself about whatever series/types/coins that interest you most can be just as, if not more fun than owning them. Invest in quality reference material and dive in. If you cannot afford to purchase the better books, check your local library, but also look online. If dollars is your focus, PCGS has made QDB's silver dollar encyclopedia available online for free (link below). Other than reading, consider attending whatever coin shows may be in your area, and try to hit the local B&Ms. Look at as many coins as possible, and try to make friends. Online forums may be fine and dandy, but are no replacement for an in-person mentor or knowledgeable dealer who is willing to work with you.


http://www.pcgs.com/books/silver-dollars/

 

I have a fellow dealer who would pay $30.00 each for them if they are AU and no cleaning. Probably closer to $32.00 each. He's paying $27.00 for common morgans (about $3.00 over spot). If you can get them from melt you are doing very well!

 

I believe that goes for more than one poster here.

 

I like the buy the book before the coin attitude. But am at times disappointed that so many people seem to collect coins because of profits and not just the love of the items.

What's wrong with just buying something you like?

 

Absolutely nothing wrong with it, and the average collector probably should not focus on profit, at least if they wish to get maximum enjoyment from their hobby. However, there is no reason to throw money down the toilet either. While this might not be the case with three common dollars with a value heavily based on silver, there are many other coins that blindly buying can be a great mistake, so unless purchasing widgets, education should come first. JMO.

 

Yeah, a coin shop would probably offer a buck less than melt on the three. Some guy really wanting Morgan's on ebay could definitely go $120.

 

Before anyone accuses me of collecting coins for profit, I have kept a collection of about 20 Morgans at home plus some that my granfather gave to the family. Money is tight for me, and I am trying to get the best deal possible.

 

They look like they have been cleaned. They are common dates. I would pass.

Chris

 

That is why I said melt, as they are very common dates, and have been cleaned. If you want circulated common date Morgans, you can really do better than those.

 

It might be hard to tell that since these are scans (am I correct on that OP?). Without any higher-res pictures it's kind of hard to see any cleaning lines and/or luster IMO. Even so, unless these are BU, I'd pay no more than melt +5% or so.

 

I wouldn't go much above $90 for them, but they are worth that. It's pretty easy with common date Morgans. They are worth from $30-$32 right now. I don't think you can go wrong with them, but I don't buy much over the internet. If they were bought for $15, then they are doing okay, and you will be too if you get them for around $90.

 

I concur. Offer less than melt c where it goes.

 

Sorry Morgancoin. I wasn't pointing out you specifically. It was more of a general thing such as collect coins for the enjoyment and not the prices so much. It was just meant for everyone to read is all.