2006-08-20 18:52:14 · 8 answers · asked by Anonymous in Games & Recreation ➔ Hobbies & Crafts
1884 alone is not rare but there are so many varieties know as VAMs you need to do lots of research to find out the true value.
Look up VAM and 1884 you'll see.
Try joining a forum for collectors Morgans are very collectable.
http://forums.collectors.com/
2006-08-21 09:30:35 · answer #1 · answered by Man 6 · 1⤊ 0⤋
As others have pointed out, the mint mark and grade determine the value. I have collected coins both US and World from ancients through world war 2 for over 47 years. The fun is finding out about your coin or coins. You need to see a local coin dealer and buy some books. If he helps you pick out the books, he may be a good person to know, if not find another dealer. A big help is a news paper format magazine called Coin World. it comes out once a week and dealers have them, or you can subscribe to it.
It is a great feeling to have a coin in your hand that an Emperor of China may have written the characters on, or a coin that Andrew Jackson may have had in his pocket at the battle of New Orleans.
Coin collecting can be lots of fun and does not have to be real expensive. A 2000 year old Chinese cash piece can be bought for a dollar. I as well as other collectors would be glad to help so keep the questions coming. Good luck
2006-08-21 16:08:38 · answer #2 · answered by Taiping 7 · 0⤊ 0⤋
Value can vary depending on a mint mark On the back side, look below the wreath for a letter. Another thing that dictates the value of a coin is the condition. The 1991 Red Book values for 1884, in very fine condition, are: no mint mark=12.00; 1884CC=35.00; 1884O=11.00; and the 1884S=20.00. Keep it, coins are continuously gaining in value, and especially the Morgans. Sounds like a good start to a great hobby.
2006-08-21 21:48:33 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Hi,
There is a lot to consider when you say rare. They grade coins on condition, how many were minted and how much in demand the coin is, and for other reasons
If it was mine, I would keep it and use it as a reminder of how and when I got started. Years from now you can look back on it and remember when you had only one coin.
To learn more about coins and to get free magazines, go to cheapest prices search engine and put rare coins in and then go to as many sites as you want to and ask for their free magazines. You can learn a lot by reading about them. Remember that even though it may not be rare now, that later on someone may need it to finish a collection and you may want to sell or trade it when the time is right I hope this helps you and good luck to you.
I still have my first coin...smile.
baby lisa
2006-08-21 02:16:46 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Welcome to coin collecting. For morgan dollars, the mintmark is on the reverse of the coin under the eagle. The possible mintmarks and mints are:
No mintmark - Philadelphia
O mintmark - New Orleans
S mintmark - San Francisco
CC mintmark - Carson City, NV
The mintmark is very important to determine a coins rarity.
If I were you, I would buy a copy of the "Redbook", A Catalog of US Coins by Yeoman. It has all of the mintages and information about US coins. The second book I would buy would be a grading guide. They have guides that have pictures of coins in different grades so you can quickly learn how to grade. You will find these two books to be the best investment you have ever made, as they will increase your enjoyment of coin collecting immensely, and let you avoid being ripped off.
I hope this helps, and remember to enjoy yourself.
2006-08-21 10:51:12 · answer #5 · answered by medoraman 3 · 1⤊ 0⤋
The rarity depends on the mint mark and the actual grade of the coin ... but the average Morgan is worth between 16 and 20 $$
Hope that helps.
2006-08-21 02:11:08 · answer #6 · answered by tamedhellion72 1 · 0⤊ 0⤋
Yup it depends on the mint mark of the coin. A mint mark is a identifier that tells you where the coin was made. It should have a d for Denver or p for Philadelphia on the front of the coin. Each one of the different mint produces a different amount of coins so some mint made less of the coin so it is more rare making it worth more money.
2006-08-21 02:35:24 · answer #7 · answered by sincity usa 7 · 0⤊ 0⤋
I don`t know, but all you should have to do, is type in the coin(s) that you have into a search engine and check out the results. If you are planning on selling it, make very sure that whoever you are dealing with is legit, and to make sure that you have a genuine estimated value of the coin(s) that you have. Just take your time, so that you are sure you know the truth about everyone and everything that you are going to be dealing with.
2006-08-21 02:04:07 · answer #8 · answered by dukefritz79 3 · 0⤊ 0⤋