Knowing what your coin is worth is extremely important! Silver dollars, such as the Morgan and Peace dollars, have a value beyond their Intrinsic value. What does this mean? It means they are worth more than the silver content they hold.
A Collection To Die For
Take a 1879 CC Morgan for example. Sell it for its silver content and it’ll fetch around $23. Sell it in good condition and it’ll fetch around $150! It’s very important to know your coin! Examine every aspect of it from luster, mint mark, vam, and year of course. Most of the time you’ll end up with a common year and mint mark, if any mint mark at all. But when you get into VAM’s that’s where it can get very fun! Just make sure to have a magnifier handy. Vam World is the authority on VAM’s. Even if your Morgan year and mint is common your VAM might be rare and can fetch a pretty penny.
Now, where was I? Oh yeah, valuing your coin. There are plenty of sites where you can find the approximate value of your Morgan Silver dollar, as well as Peace Dollars and other 90% silver coins and collectibles. Here are a few I will highlight!
- http://cointrackers.com/
- http://www.coinflation.com
- http://www.coinstudy.com/ (Personal Favorite)
Alright, there you have it. If your coin is rare and holds good value I highly suggest getting it professionally graded. This will put a definitive condition and value on your coin. It will even raise your coins value as it provides buyers with security when purchasing from you. This is the world authority on coin grading.
Check back often! I’ll be adding more informative articles and useful information soon!