HELP With silver dollar question.

[Cherryman68]

OK guys I know there are a lot of counterfit silver dollars out there so I need some advise. A guy contacted me today that a friend of mine told I was into coins. he tells me about the Silver dollar his dad left him and he is going through divorce needs the money blah blah blah. Well I talk to him several times today and he does not seem like he would pass off a counterfit on pourpose but then again he didn't know anything about coins so he may not know any better.

It's a 1921 Peace dollar. (simi-key date) The description was good and this is the picture he sent me. (below) Seems almost in too good of shape. So my question is this deal of a life time or rip off central.

What should I look for when I examine the coin in person to tell if it is a counterfit? Any help/advise would be appreciated.

Thanks,

Michael

 

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[FingerGrime]

That's a pretty bad picture, but it certainly looks like a Morgan dollar to me. It also doesn't look like 1921.

 

[waseeker]

it's a morgan, not a peace dollar. hard to tell from that picture but is sure looks like it could be a replica/silver round

 

[l.cutler]

Definitely a Morgan, looks to me like it is polished. If so it is worth no more than silver price.

 

[Cherryman68]

Wow I feel like an idiot it is a morgan! My main concern was the fact it looked polished to me also. So that makes it worth silver value? Bummer. Might try and get it anyway have a friend that would love it! Thanks for the help everyone!

 

[Cachefinder]

Offer $10 for it

Cachefinder-

 

[tinkb]

If you get a change post a better picture of it. I worked with your photo a little and it does appear to be either polished or a round. Hard to tell anything really from the poor picture he sent you. A better one would give more to examine and give you advise on. Let us know how your deal turns out.

 

[Roadquest]

If you get a clear picture, I can give you the info. you need on it.

 

[Cherryman68]

I talked to the guy and offered him $15 ( he admitted it was polished) he was not as pleased to find out about the lower value. So for now this deal is dead. Thanks guys I appreciate all the input and advise!

 

[jeff of pa]

polished is ok if your buying for silver value
but not for collector value unless
it's a rare million dollar coin.

 

[alpha105]

looks like 1885 not 1921

 

[RonPaul2012]

Definitely a Morgan, looks to me like it is polished. If so it is worth no more than silver price.

So polished coins are worth less than tarnished ones? Forgive me I am new at this.

 

[allen]

tell him to take it to a coin shop,
so they can offer him $5 for it...

 

[l.cutler]

Polished coins are worth way less than tarnished ones. Original surfaces are very important to collectors.

 

[jeff of pa]

Definitely a Morgan, looks to me like it is polished. If so it is worth no more than silver price.

So polished coins are worth less than tarnished ones? Forgive me I am new at this.

Yep This is True

You clean them you Give the dealer
reason to say it's Damaged.

Of course Most dealers will also
call Tarnish Damaged

After all they need a reason to Cut their Buying Price.

But cleaning is the most used reason.

And Polishing old coins is so Wrong
on So many Levels, Not even collectors will touch
them. Unless like I said, it's a Million Dollar
coin in the first Place And no other one to Buy