Posted on 03/04/2010 7:00:08 PM PST by hsmomx3
We've got approximately two dozen silver dollars that have been in a plastic bag for several years ranging in age from 1880 to 1924. They have never been cleaned but look kind of dirty and the earlier ones do not appear to be Morgan silver dollars.
I have been told that I might get a few dollars for each.
I know nothing how this works so I am asking here.
Is it best to take these to a coin dealer or would I get more money where one is looking to buy silver and I get paid for its weight?
Take them to many dealers a don’t sell until all your homework is done.
I would get them appraised by a qualified appraisal firm first off...several could be fairly valuable to a collector.
be carefull going to a collector, they may undervalue significantly so as to buy them from you cheap.
best luck,
You can auction them on eBay or take a look and see what they sale for. Usually they for around $15 each; unless you have a rare Carson City one which then goes for multiple of that.
Hold them. Do not sell them until you have them appraised.
A coin dealer will rip you off.
Don’t clean them - you will lower their value.
You have more than “a few dollars,” my friend. Don’t rush to clean them. There are specific techniques. To get some idea what you are sitting on click here:
http://ecom.uscoins.com/category.aspx?categoryid=358&startpage=0
Here is one good place that might give you an idea of the worth of the ones you have. Link to silver dollar
Personally, unless I needed the money, I'd hold on to them. If the dollar tanks, the silver and gold might be the only currency worth anything. And if that never happens, you have something to hand down to your kids or grandkids.
They are worth more than their weight depending on condition. Have an appraiser look at them.
Your best bet is to have them appraised. You will most certainly get more money from E-bay or some other direct selling method than from a coin shop and for goodness sake, don’t just sell them for their silver content.
don’t clean them
just saying
A dealer will try to get them from you cheap, so they can make the real gravy when they sell them again. You are better off doing some research on the web first. Knowledge is power. By the way, the communist chinese have a rampent US Morgan silver dollar faking industry going at like 1000 miles per hour. Pretty good fakes that can fool alot of people, even halfway knowledgeable coin collectors. Beware, its scary out there!
Coinage is almost always more valuable than mere silver by weight. Take them to a qualified appraiser, even a decent coin shop. Don’t give them a conflict of interest. If you make it clear that you’re not wanting to sell them now, you just want to find out if any of them are particularly valuable, they’ll probably give you good advice.
don’t sell but keep for future. dollar will lose all value soon and gold and silver will be the only currency.
A dealer will try to get them from you cheap, so they can make the real gravy when they sell them again. You are better off doing some research on the web first. Knowledge is power. By the way, the communist chinese have a rampent US Morgan silver dollar faking industry going at like 1000 miles per hour. Pretty good fakes that can fool alot of people, even halfway knowledgeable coin collectors. Beware, its scary out there!
Yes, you can melt them down and make siver bullets to kill werewolves. Now I'll go back and read the article.
If they are not rare dates then probably not worth much more than the silver content. But who cares, good time to hold real money like that.
Good luck.
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