1890 Morgan

[Stone]

I acquired this beautiful 1890 Morgan silver dollar last week. I bought it from a friend for $20. I was thinking about buying a Morgan or two ever week and putting them away as an investment for my future. What would this be graded and is it worth more than $20.

 

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[huntsman53]

The coin has the appearance of having what is called hazing in the coin collecting hobby which is often seen on Proof coins and which makes grading them somewhat difficult. The background material which appears to be a reddish carpet, does not make it any easier and could be affecting the true appearance of the coin in the photos. The coin appears to be in MS-63 condition but could grade higher or lower depending upon how much or how little nicks and dings are being hidden by the hazing. The effects of the hazing in the pics might be a lot less if you take additional pics using a black cloth for background and take them in natural somewhat shaded light (i.e. outside but not in direct sunlight). If the coin is at the least an MS-63 and has less hazing than the photos depict, then the coin is easily worth in the $50+ to $70 range but getting that price for it in this depressed market, might be difficult.


Frank

 

[masterjedi]

This coins grade is AU-50.... nice coin... Coin dealer for 20 years...
Gary from Oregon

 

[Stone]

Thanks for the info. The haze isn't that bad in person but it does have some scratches. I do have some macro shots of it if that will help.

 

[doninbrewster]

I think masterjedi hit the grade right.
Don - 10 year contributor to the Redbook

 

[Stone]

Worth more than $20 or was that a fair deal?

 

[masterjedi]

I think masterjedi hit the grade right.
Don - 10 year contributor to the Redbook

Thanks doninbrewster... I have graded literally 1000's of silver dollars in 20 years owning my own coin store...
Gary from Oregon

 

[masterjedi]

Worth more than $20 or was that a fair deal?

Value $20 to $25 at this time... nice coin