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Coin and Paper Money Collecting/1878 morgan silver dollar
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Question
I have 1878 Morgan silver dollar 2nd rev almost uncirulated. no mint marks and 7 t. what is the value of this coin also I have a 1881 gold 20 dollar coin that was put in to a necklace. i was offered 1045.00 for it. is this a good deal?
Marge,
The 1878 dollar in AU condition is worth about $30
If somebody offered you that much for that gold coin, after it had been mounted into a jewelry piece, take the money and run. There's only about $700 worth of gold in that coin, and usually when gold coins get mounted like that, they are permanently scarred, making them no longer good coin collecting material. HOWEVER, if the coin is in a gold mount, you would have to consider the gold content of the mount itself, before determining if the offer is a good one.
Dan
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Answers by Expert:
Dan Moore
Expertise
My strong familiarity with all U.S. Mint coins, extensive reference library, and close relationships with many other dealers allows me to identify just about any coin made in the USA. I receive regular updates to all the current price guides -- both wholesale & retail -- to provide accurate values. So, with a good description or pictures, I should be able to identify and value any U.S. coin you have.
Experience
I've been a coin dealer since the 1980's and a coin collector since the 1960's. I specialize in U.S. Silver Coins and have an active online website -- The Working Man's Rare Coins -- http://www.workingmancoins.com -- offering information and inventory in U.S. coins.
Organizations I belong to :
American Numismatic Association Member #187770
Michigan State Numismatic Society Member #8255
Florida United Numismatics Member #19710
Monroe Coin Club Treasurer
Lincoln Coin Club Board Member
WINS Member #14
CoinMasters Member #1814
Frequently Asked Questions :
I have created a Frequently Asked Questions page on my website, where you may be able to get an immediate answer to your question. You can find the page here :
http://www.workingmancoins.com/FAQ/index.htm
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