Hello folks Iv posted this elsewhere... possibly the wrong place, however... I'm getting keen on the idea of collecting a good handful of Morgan silver dollars, I'm not particularly interested in the more valuable, high grade low mintage stuff just bottom of the barrel type coins for interest sake. Can anyone here tell me what the low-grade Morgan silver dollars are worth before I jump on ebay and end up paying way too much? . So far my research shows me they have approximately. 77 troy oz. Can they be found close to spot or do they attract a large premium even in rough condition ? Any help or advice would be greatly appreciated
Getting almost impossible to buy here in Oz for under $40 per coin even in very worn condition. As for Unc coins figures of close to $100 even for common date coins is normal on eBay and the dealers. Probably not the best coins to be buying here in Oz if you are looking for the best bang for your bucks silver coins. If you come across anything under $50 in reasonable condition it is a good buy
The premiums are higher now than ever but they are one of my favorites to collect through the years. If you can find them between 25 and 30 usd thats probably good.
Thank you all for your help, you have confirmed what I was discovering, they definitely are an expensive coin to buy here in Australia. I'm watching a few on ebay but imo they're a little pricey considering conditions and mintage. It will be interesting to visit a coin dealer for a look possibly even negotiate a trade on something I have plenty of.
Go for the S morgans. Pretty common to find ones with mirror fields for around $50 in Australia (theyve probably been dipped). Unlike CC and Os, most of these have no collector value until they reach high MS.
Ok.... so I just bought my first one, definitely feel I over paid at $72 AU delivered but it's a start. I'll definitely be hunting for more reasonable deals from now
My son sells them on Ebay too, various conditions and hes legit. He ships things all over the world. His Ebay shop is named Sawtooth Outpost and you can make an offer on anything. Tell him i sent you and to hook you up!