Proof Positive Coins Ltd. and Gatewest Coins Ltd. purchased the other on August 15 at the ANA Worldâs Fair of Money in Chicago from the George Hans Cook Collection. Beginning after the Treasury release of 1962, Morgan dollars went right into the top 10, right up to number one, and have remained near or at the top of the list ever since. Unless you are a long time collector, most likely your estimated values for the coins are not correct – so just leave them off and keep them as a personal reference as you negotiate a price to sell coins. The public continued to have a good time, and a new market arose - as thousands of people desired to acquire as many different Morgan dollar date and mintmark varieties as possible. For years afterward coin dealers offered common trade dollars for sale retail for less than $1 each! A few Proofs were struck in 1884 and 1885, and today these pieces, of which just 10 and five are known respectively, are great rarities. The government tried to spur the circulation of Anthony dollars, and put up signs in post offices stating that they would be paid out and received there. Once you do that, you can then reach out to private coin buyers, coin dealers, and coin shops with a little more confidence and have the ability to solicit offers on your single coins or coin collections. In 1976 a book, The Comprehensive Catalogue and Encyclopedia of U.S. Morgan and Peace Silver Dollars, by Leroy C. Van Allen and A. George Mallis, was released and sold to the extent of thousands of copies. Request a free auction evaluation, or get an offer to sell outright. I agree with you, it will hurt e-bay. Our In Stock Specials are based upon the following fixed Spot Prices â the price(s) you pay will be based upon the Live Spot Price(s) at time of purchase: Product Spot Price Basis Friday, February 19, 2021 8:33 am. Peace dollars suffered their own melting situation; tens of millions were reduced to silver bullion in order to obtain metal for use in the Manhattan Project, which saw the production of the first atomic bomb. Those who were interested were apt to buy Proofs of the Philadelphia Mint issues. However, in the major cities and centers of civilization, few people cared to jangle a pocket full of heavy dollar-size coins. Don’t get your feelings hurt if several of the potential coin buyers that you call have no interest in seeing your coins. Several hundred dollars will buy an attractive example in one of the lower circulated grades. Susan B. Anthony dollars minted from 1979 through 1981 were also produced in clad metal. Some 15 dollars dated 1804 are known, divided into three styles, sometimes designated as classes I, II, and III. The goal of replacing the use of one dollar bills with one dollar coins was not successful, and one of the main reasons for the failure was the size of the Susan B. Anthony dollar. With decades of experience, the creators of Sell Coins Near Me understand that selling single coins or coin collections can be a daunting task. On the other hand, the later Proof-only issues (1878-1883) were recognized at the time as having a special value, and most of these were carefully preserved. While some dealers were worried, other people were happy - especially collectors and members of the public who had the good fortune to buy bags of 1903-O, 1898-O (another prime rarity of the time) and 1904-O dollars (still another rarity), and other issues for face value. Up for a no reserve auction is a gorgeous 2020-P Kennedy half dollar graded NGC MS 68 condition.I'm sure this coin will be popular so bid strong! Merchants in China preferred Mexican coins, which contained more silver than American dollars, and American commerce suffered. At the end of the day, a coin is only worth what someone will pay for it. The rarity of each coin can be found through the guide links at the bottom of each coin description page in the database. Which makes certain coins more attractive from excellent dealers. Numismatics comes into play when there is an additional collector value, or premium, on the coin. In December 1921 a new design, the Peace dollar, appeared. Sell Coins Near Me Offers Coin Overviews, Steps to Sell Coins, Price Guides, and the Nation's Largest Database of Coin Buyers to Help You Sell Coins! By law coin silver has been marked (on all items except those produced by national mints) in Great Britain (since 1904) and in the United States (since 1906) with a variety of figures or words: coin, .900, or 900/1000. If the coin buyer would typically offer $100 for your coin and you have it marked as being worth $10, you may get a lower offer. What you should end up with is groups of coins that all have the same denomination and look the same to you. Early Releases! If you have a very large collection or simply don’t have time to list each coin that you have, it is important that you keep track of at least the types of coins and the quantity of each. Since these coins were made of 90% of the respective precious metal, it is helpful to use a current melt value chart for your coins. Now that your coins are separated, it is important to document what you have. Although mintage figures revealed that 4,450,000 1903-O dollars had been struck, it was generally assumed that nearly all were melted in 1918 under the provisions of the Pittman Act. The third, the Draped Bust obverse with Heraldic Eagle reverse, produced from 1798 through 1803, completes the early date range. The idea of acquiring a $1,500 1903-O dollar for just one dollar was like finding gold in the streets. At the moment spot gold is $926.00 and they will buy my 1 oz Gold Panda coin for $938 or sell you one for $978. Coins are often assigned a grade with âMint Stateâ or âProofâ as a label that identifies whether the specimen in question is a certified bullion or proof coin. THIS GUARANTEES YOU THE COIN YOU GET FROM US IS THE GRADE WE PROMISE. WE WOULD SELL THIS LIMITED SUPPLY OUT. In 1962 a book was written about it, The Fantastic 1804 Dollar, by Eric P. Newman and Kenneth E. Bressett. We do our best to provide precise spot prices; however, during times of market volatility, prices may not be to-the-minute accurate. When it comes to selling coins, there are a lot of factors to take into account. The various mints continued to produce silver dollars in staggering quantities, bagging them and storing them in vaults. When the government decided that a small dollar-size coin would be produced in order to save money (it was felt that a metal dollar would remain in circulation much longer than a paper dollar), Frank Gasparro, then chief engraver at the Mint, hoped that he would be allowed to create a classic design. Later the book went out of print, and at the same time prices continued to rise. The collector of design types has three motifs to choose from. Although there may be exceptions, most of these establishments purchase coins based solely on their Melt Value and keep all of the Numismatic Value on the back end in the form of profits. Please take your time, browse around, and let us know if we can offer you any assistance. Regardless of the metal composition of the coin, many coins have a very high numismatic value. In addition, we have been voted Coin Dealer of the Year by the Consumer Business Review EVERY year since 2007 and we are proud to be "A+" rated by the Better Business Bureau. You do not need to be an expert to take this first step. The 1870-S is a great rarity and typically comes on the market only when great collections are sold, and the aforementioned 1851, 1852 and 1858 are seldom seen, but if these four varieties are excluded, the building of a set from 1840 through 1873 is within the grasp of just about everyone. 1947-D Nickel Value. Collectors Universe, Inc. disclaims any warranties whatsoever with respect to the accuracy of the PCGS3000® or any specific coin index. As soon as the sets were unwrapped, many collectors simply spent the Proof trade dollars, with the result that today Proofs of the early dates, especially Proofs in high levels of preservation, are considerably rarer than the mintage figures indicate. Now for a person that won a $10K Aureus=$1300 With the 20 percent comm. ... you can find these coins from third-party authorized dealers such as Emporium Hamburg. Morgan dollars did not finish even in the top 10! Several GFRC friends advised me of a posting on the PCGS website. Sell Coins by Using Our National Database of Coin Dealers and Coin Shops. The goal of this first step is to make documentation much easier for you. Once you have your collection fairly well documented and an idea of a potential value for your coins, you can reach out to the private collectors, coin dealers, and coin shops in your area. Most private coin collectors, coin dealers, and coin shops will not make an offer without seeing the coins first hand. 1940-D Nickel Value With a mintage of 43,540,000, the 1940-D Jefferson nickel from the Denver Mint is … Still, silver dollars amounting to the hundreds of millions remained in Treasury and bank vaults. In the 1950s the interest grew somewhat, and such dealers as Norman Shultz and Bebee's made a specialty of Morgan and Peace dollars, offering many different varieties for scarcely over face value. But it's not clear to me that PQ for a low-ball shouldn't mean that it is at the low end of P01 rather than the high end. After the pieces dated 1803, no dollars were struck for circulation until 1836, in which year Christian Gobrecht's Liberty Seated design was produced, possibly as a pattern, for all were made with Proof finish, hardly the format to use for business strikes. ): Gold $1779.60 Silver $27.37 Platinum $1,278.00 Palladium $2,236.00. No 1858 dollars were made for general circulation. The type collector desiring an example of the Flowing Hair style can be satisfied with a 1795-dated piece, of which at least several thousand exist in numismatic circles. Draped Bust dollars with Small Eagle reverse, first minted in 1795, are readily available today as a type. Not nearly as common as the Philadelphia (no mintmark) 1947 nickel is the one from the Denver Mint that year.. PCGS The Standard for the Rare Coin Industry. George T. Morgan, who had come to the Mint from England in 1876, and who in 1877 had posed Philadelphia schoolteacher Anna Willess Williams and had copied her portrait for use on a pattern half dollar, was commissioned to create a new silver dollar design. Today the 1794 dollar is a rarity. Condition of a coin is a strong driving factor when establishing value. In the latter year some 300 pieces were produced for circulation, again with Proof finish. The ownership of a 1794 silver dollar in any grade has always been regarded as a source of pride and a mark of distinction. Protect the Value of Your Collection American Rare Coin and Collectibles has purchased coins, currency, gold, silver and diamonds from over 75,000 satisfied customers in the Twin Cities area, Greater Minnesota and throughout the Midwest region. Bearing the visage of President Dwight D. Eisenhower, these dollars were produced from 1971 through 1978, with the exception of 1975. 2019-S 1 oz American Silver Eagle Enhanced Reverse Proof Coin PCGS PR69 (Varied Label) As Low As: In Stock. At the bottom of each coin profile in the database there is a link to guides on PCGS and NGC where you can click on the type of coin to discover where the mint mark is located. People with wheelbarrows stood in line to buy bags of silver dollars from banks. The engraver's initial M appears at the truncation of the neck of Miss Liberty on the obverse and at the wreath ribbon on the reverse. Frank Gasparro could have told the Treasury Department about the mistaken identity problem, for he related in a conversation with me that he took one of the earliest pieces minted and endeavored to spend it in the employees' cafeteria at the Philadelphia Mint, where the cashier immediately mistook it for a quarter! If so, you have come to the right place! In 1971 a new type of dollar appeared, no longer a silver dollar, except for certain issues made for collectors, but a clad metal dollar made of copper-nickel alloy. Investment interest was piqued, and by the early 1960s many issues had shown an attractive rise in price from the levels of a decade earlier. Again, no records were kept of the dates and mintmarks destroyed. Where to start? At the same time many thousands of circulated Liberty Seated coins were released. When you Google âcoin buyersâ, âprivate coin collectorsâ, and ârare coin buyers near meâ, or âcoin shows near meâ, you will hope to find a company like us. Surviving business strikes are apt to be rather unattractive in appearance, for like Franklin half dollars, Eisenhower dollars tend to nick and scar easily. Rarity can be looked at as the number of coins that are still available for purchase today. It works, not because it settles the question for you, but because in that brief moment, when the coin is in the air, you suddenly know what you are hoping for!â Unknown We make it easy to get the most money for your Coin collection. In 1921 it was decided to coin additional silver dollars, and the Morgan design, unused since 1904, was resurrected for further use. Visit our Search By City page to find those closest to you. If you thought a coin was worth $100 but you were only offered $10 don’t hesitate to ask the collector or dealer where the discrepancy is. The intention of the U.S. Mint was to make the $1 coin more functional by trimming both its weight and diameter (Ikeâs dollars were very large â 38.1 mm â and heavy) and this was not accepted by Americans. In particular there was one great rarity in the Morgan silver dollar series, the 1903-O, which catalogued for $1,500 in the standard arbiter of values, A Guide Book of United States Coins. There simply was no market for the vast quantities of silver being brought up from the Comstock Lode in Nevada and from the hills west of Denver. Toward the end of the series, the trade dollars from 1878 onward were Proof-only issues, as no related Philadelphia Mint coins of these dates were struck for circulation. Based on melt value alone, these two coins are of equal value. The first, the Flowing Hair motif minted in 1794 and 1795, is a stylistic carbon copy of the contemporary half dime and half dollar. As you will see, within each denomination the type of coin is listed in chronological order. So popular have silver dollars been that a special group, the National Silver Dollar Roundtable, exists to conduct an annual convention specifically treating the field. Although they are a great resource to give you an idea of value, the price guides from NGC, PCGS, and the very well-known Red Book are not used by most private coin collectors, coin dealers, and coin shops when they make an offer. Welcome to Gemco Coins, Jewelry, Guns and Pawn!Since 1988 we have been buying and selling gold coins, silver bullion, collectable coins and jewelry in the Central Ohio area and we are a PCGS Authorized Dealer. A coin produced with a precious metal such as gold or silver is worth at least the value of the precious metal that it was made with (melt value). Copper spots a no go. For instance, let’s say that you have a common date $20 St. Gaudens in poor condition. An updated and revised listing of die varieties appears in the book, Silver Dollars and Trade Dollars of the United States: A Complete Encyclopedia. However, there is no doubt that selected Uncirculated pieces can be attractive, and that Proofs can be gorgeous, that is if you find the basic design to be appealing (which not everyone does). A new revised edition of this fine book appeared in 1992. All 1794 silver dollars are lightly struck at the lower left side of the obverse and on the corresponding part of the reverse, due to the faces of the coining dies not being aligned parallel with each other. Morgan dollars were without honor in their own time, and during the early years of their coinage, 1878 through 1904, very few numismatists bothered to collect them. When you sell coins, one of the most important things to understand is the difference between numismatics and melt value. Using the Half Dollar for example, the design of this coin has changed eight times since it was first minted in 1794. Toward the end of the 1950s, Harry Forman, the Philadelphia dealer, developed a lively trade in selling Carson City and other dollars in roll and bag quantities, as did several others. After all, if you are paying a premium to have a low-ball coin, you want it lower not higher. #2 â 1936 one cent (CAD 415,272) â Dot PCGS SP-65 Unlike Morgan dollars, all Peace dollars are readily available in Uncirculated grade, and the building of a set of 24 different varieties minted from 1921 through 1935 is a definite possibility for just about everyone, although the 1934-S is apt to be expensive. Prior to selling anything, you should always have a keen awareness of what you have. Extremely Fine pieces are very rare, AU coins are major rarities, and in the Uncirculated category the number of surviving specimens can be counted on the fingers of one's hands. There is a monthly, paid resource that most coin buyers use called the Grey Sheet. Here are some quick links within the database to speed up this process for you: It is easiest to document your collection on a spreadsheet such as one you can create in Excel. Our family has been in the gold and coin business for over 50 years. Use our Coin Database to match the coins that you have separated with what they are called in the Numismatic (collector) world. Most of these are in worn grades, although an occasional Uncirculated piece is encountered in the marketplace. Today the specialty has faded somewhat. Most likely, your coin is worth its melt value. It is impossible to judge the condition of a coin without seeing it in person. With over 60 years of combined numismatic experience we are here for you. What does the 2008 Mandela R5 coin look like? The obverse featured the Liberty Seated design with stars, while the reverse depicted a perched eagle similar to that found on quarters and half dollars of the era. Therefore, the PCGS3000® should only be used as one guide to rare coin prices and historical price movements, and not as the sole source for determining the value or market history of a particular coin. Interestingly, each denomination has changed its appearance over time. Using a Half Dollar for example, a 1964 Kennedy Half Dollar has the same amount of silver in it that a 1921 Walking Liberty Half Dollar has. Coin silver has a specific gravity of 10.31 and a melting point of 869° centigrade (1614° Fahrenheit). Let’s take our time and work through getting your collection in order. In either case, you are guaranteed the highest value possible for your rare coin collection. The melt value is tied directly to the current Silver Spot Price or Gold Spot Price. Keep in mind that, at minimum, you should record each type of coin, the quantity that you have of that coin, and the mint that it was produced at. Therefore, these are de facto business strikes, no argument. One 1947 no mintmark nickel graded MS67 Full Steps by Professional Coin Grading Service (PCGS) sold for $4,112.50 in a 2014 auction! 71 reviews of California Numismatic Investments "One of the best places to sell gold or silver coins. Maybe. Eagle for $968. A committee member of the Hong Kong Numismatic Society and Vice Chairman of the Hong Kong Stamp and Coin Dealer Association, Kenneth is the organizer of the Hong Kong International Numismatic Fair (HKINF), which is held each June and December. Q. David Bowers (derived from the PCGS Coin Guide): Silver dollars were minted for circulation from 1794 through 1935.Later-dated coins of the dollar denomination (beginning with Eisenhower dollars in 1971) are more aptly called metal dollars, for with the exception of certain pieces minted for collectors, they do not contain silver. Peace silver dollars have also been popular in recent years, not as popular as Morgan dollars, but still very much in the center of activity. 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