Going to purchase some coins

[gwakeley]

Do you think $100 is too much?

1882 p Morgan
1880 s Morgan
1889 p Morgan
1924 p peace
2 1964 Kennedy's

 

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[Captain Caveman]

Strictly eyeballing, I would pay that for those. I consider silver dollars to be worth a minimum of $20 each, I believe 64s are 90%, so $10 a piece, sure.

 

[jerseyben]

Not a terrible deal but not great either. There are better deals to be had, IMO.

 

[dejapooh]

When I buy old coins, I base the price simply on the silver unless the coin has significant numismatic value (My memory does not click on any of those dates as being rare or premium). You COULD pay $20 a piece in a coin store or at a coin show for Silver Dollars, but you won't get more than $10 or $12 for them from the dealer. The SILVER of the Dollars is $12.75. The Silver in the Half's are $5.82. A dealer would offer $50 to $60. I personally would not pay more than $60 unless one of those dates are particularly collectible. $60 is a fair price. If you REALLY wanted them, could offer $70 or $75. You could tell them to go to a dealer and get an offer. You could say you are probably willing to pay $10 more than any dealer.

 

[CC-Hunter]

I agree with Dejapooh about the halves, but dollars usually sell for a fair bit above silver value, even if common and circulated. Look at the Apmex buy prices, for example.

 

[Joe777Cool]

When I buy old coins, I base the price simply on the silver unless the coin has significant numismatic value (My memory does not click on any of those dates as being rare or premium). You COULD pay $20 a piece in a coin store or at a coin show for Silver Dollars, but you won't get more than $10 or $12 for them from the dealer. The SILVER of the Dollars is $12.75. The Silver in the Half's are $5.82. A dealer would offer $50 to $60. I personally would not pay more than $60 unless one of those dates are particularly collectible. $60 is a fair price. If you REALLY wanted them, could offer $70 or $75. You could tell them to go to a dealer and get an offer. You could say you are probably willing to pay $10 more than any dealer.

Have you tried to buy Morgans lately? If you are looking to buy for $12-13 each, don't hold your breath. In my area, pawn shops will pay $15 each, coin shops $18. And you wont be able to purchase a decent Morgan under $22. Junk silver is selling for 13-15x face value, dealers paying 10-11x face value. As CC said, Apmex will buy a cull Morgan for $18! As a seller I'd be looking to pay around $80-85. As a collector $100 is an ok deal. $90 would be better - dont pay retail if you aren't shopping retail.

 

[jerseyben]

Have you tried to buy Morgans lately? If you are looking to buy for $12-13 each, don't hold your breath. In my area, pawn shops will pay $15 each, coin shops $18. And you wont be able to purchase a decent Morgan under $22. Junk silver is selling for 13-15x face value, dealers paying 10-11x face value. As CC said, Apmex will buy a cull Morgan for $18! As a seller I'd be looking to pay around $80-85. As a collector $100 is an ok deal. $90 would be better - dont pay retail if you aren't shopping retail.

Agreed. Even at the local coin club, the club auction has all sorts of Morgans for bid. It is very rare to snag one for under $20. I am seeing common UNC's go for between $35-45 easy.

 

[dejapooh]

Have you tried to buy Morgans lately? If you are looking to buy for $12-13 each, don't hold your breath. In my area, pawn shops will pay $15 each, coin shops $18. And you wont be able to purchase a decent Morgan under $22. Junk silver is selling for 13-15x face value, dealers paying 10-11x face value. As CC said, Apmex will buy a cull Morgan for $18! As a seller I'd be looking to pay around $80-85. As a collector $100 is an ok deal. $90 would be better - dont pay retail if you aren't shopping retail.

Good information. If pawn shops will pay $15 and coin shops will pay $18, I'll pay $16.50 if I want it for my collection (which I don't). If I am at a garage sale, I am buying silver. I buy silver for the silver value. If they want more, I suggest to them where they can get more. If they want to take the trip to try to find that extra $3 or $4, good for them.

 

[gwakeley]

Thanks for the replays everyone! I talked her down to 85 and she's throwing In two silver certs horrible condition tho I'll probably just take them to the bank and exchange them for nice bills. So technically I got them for $83 I'm happy with that. First Morgans I'm adding to my small collection. The only other silver dollar I have is a peace dollar I got at a bank for free.

 

[Beachkid23]

Our local crook/coin shop pays eight dollars for silver Morgan's. I got kicked out one time! Oops! I know they have their overhead, employees, health insurance, and the lady willingly sold them for $8 each, 85 was a good deal I'd take them! Enjoy building that stack it is addicting!!

 

[usandthem]

Silver is silver. 70 dollars would be my top bid.

 

[Joe777Cool]

Silver is silver. 70 dollars would be my top bid.

Have any Morgan's you want to sell?

 

[Davers]

When I buy old coins, I base the price simply on the silver unless the coin has significant numismatic value (My memory does not click on any of those dates as being rare or premium). You COULD pay $20 a piece in a coin store or at a coin show for Silver Dollars, but you won't get more than $10 or $12 for them from the dealer. The SILVER of the Dollars is $12.75. The Silver in the Half's are $5.82. A dealer would offer $50 to $60. I personally would not pay more than $60 unless one of those dates are particularly collectible. $60 is a fair price. If you REALLY wanted them, could offer $70 or $75. You could tell them to go to a dealer and get an offer. You could say you are probably willing to pay $10 more than any dealer.

THIS IS THE WAY I THINK.
Right On....Dejapooh

 

[dejapooh]

Have any Morgan's you want to sell?

Gwakley was looking to BUY the coins. That's what we are talking about. If you want to sell them, Lets talk. If you want to buy them, I don't have any for sale at any price. Well, not any price you would pay.

 

[Joe777Cool]

Gwakley was looking to BUY the coins. That's what we are talking about. If you want to sell them, Lets talk. If you want to buy them, I don't have any for sale at any price. Well, not any price you would pay.

Sure, but "I buy silver for the silver value."