They are dated 1879, 1886, & 1888. They are in very good condition and I have been told that they are only worth about $14.00, is this true or are they worth more than that? Any information would be greatly appreciated.
2007-12-10 14:48:43 · 5 answers · asked by Steve S 1 in Games & Recreation ➔ Hobbies & Crafts
that's about right but i would have a dealer rate their condition and get the price from coin world
2007-12-10 14:56:40 · answer #1 · answered by low_hd_rider 6 · 0⤊ 0⤋
You need to check for mint marks, they are on the eagle side below the wreath near the bottom of the coin. The Philadelphia mint ones of the dates you have are quite common and have high mintage's. The coins with mint marks are scarcer some more than others. Most coins minted in Philly just sat at the mint or in a bank for people hated them and would not use them. So even in low mint sate grades they only sell for $25 or so. The mint mark you want is CC for Carson City these are scarce. The 1886-S is scarce also as well as the 1888-S (S- San Francisco mint). If they have no mint marks $14-$15 seems about right in circulated grades. Please check for the mint marks.
2007-12-11 07:25:56 · answer #2 · answered by Taiping 7 · 0⤊ 0⤋
Silver is the poor man's precious metal. It never does as well as gold. And I think it's pretty much been that way throughout history. And that is what you should have expected. I have half a dozen (gold) Krugerrands bought in the early 90's at $375 an ounce and 5 - 6 dozen Morgan's. But I've always considered these as more of a speculation, than an investment. As long as there is economic uncertainty, I suspect silver & gold will continue upward. But I also think they are likely in a bubble, and will come crashing down someday. Personally I think my stocks & mutual funds are a better long term investment.
2016-05-22 23:23:58 · answer #3 · answered by ? 3 · 0⤊ 0⤋
You didnt mention if they have mintmarks. The mintmark is located under the tail feathers of the eagle. $14 is for a common mintmarked or no mintmark Morgan with little or no luster and in average circulated. Better than that is worth a few dollars more. The 1879CC, 1886S and 1888S are the dates to look out for.
2007-12-10 18:24:18 · answer #4 · answered by Anonymous · 1⤊ 0⤋
I think the price you mention is probably pretty accurate. I have seen an ad on TV quite frequently at which Morgan silver dollars are being advertised for sale at $19.95 each. The price at which a company will sell them is always more than you would get if you sold them. The company is always making a profit.
2007-12-10 14:59:18 · answer #5 · answered by Robert J 5 · 0⤊ 0⤋