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Coin and Paper Money Collecting/Morgan Silver Dollar uncirculated
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Question
I just bought an un-circulated 1878 Morgan silver dollar in the original packaging created in the 60's when they found anad then redistributed Morgans to the public. I paid $512.50 for this. Am I in the ball park or did I pay way too much? Thank you
Graham,
My first impulse is that you paid too much. The average uncirculated 1878 GSA dollar is worth about $100 -- if it has a CC mintmark, then about $200.
Now it depends on exactly which 1878 you have -- 7 tailfeathers, 8 tailfeathers, CC mintmark, etc.
If you can send it to NGC and get it certified at least grade MS-64, AND as long as it's NOT the common 7 tailfeather reverse of '78 AND NOT the common S mintmark, then you will have done alright. Otherwise it will be a money loser.
I hope this helps,
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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