Get out of here!!! $11,000 for MY little old coin?

Question

My husband and I won the contents of a storage building for 100 bucks because the renters diden't pay there storage fees. We got some broken furniture, toys, an old tv some clothing 2 motercycles some junk and a shoe box of coins some worthless some not Iv been googleing some of the coins this 1900 morgan silver dollar I came up with a value of $11,000!! and some of the other coins were sets of Carver Washington half dollars all these coins are in little plastic cases with ms67 and sgs graded stuff I don't understand what this means so Im going to buy a beginners book and learn about this coin collecting stuff now that I have some coins! I want to cash the morgan one in for its value can I get the money its worth and from where? Where do I cash these babys in or even should I cash them in?

Answer 1

The 1900 Morgan dollar is in a SEGS holder marked MS-67, SEGS does not have a reputation as one of the top companies that professionally grade coins and dealers don't have much faith in their graders. The 1900-O over CC and 1900-S are two of the 1900 coins that would command that kind of money but only if Graded by PCGS or NGC and a little less if graded by ANACS or ICG. These are the initials for the top grading companies which SEGS is not even close too. Now as you had it SGS is a company I have not heard of as yet but there are a lot of fly by night ones out there. Before spending your money have the coin checked out by at least 2 coin dealers or more. You will then get an idea as to how much it is really worth and what grade it really is. I hate to burst your bubble on this but I want to tell you first before you think coin dealers are all crooks. It depends of the grade and dates of the Washington / Carver 1/2 dollars as to their value. The mint mark by the way is on the eagle side of the dollar near the bottom under the wreath. If I can be of more assistance please feel free to email me.

Answer 2

Maybe Ebay

Answer 3

Contact a local coin dealer and ask if there are any local Coin Auctions. That is the only way to get the true value of the coin. You might even want to try eBay.

The 11k is also if the coin is in mint condition, from a certain mint and a certain year.

But i hope the best for you!

Answer 4

So, you Googled your Morgan and think it's worth $11 grand? You better go to a coin shop and let someone who knows about coins take a look at it. Condition is EVERYTHING. Period. Where it's minted makes a difference, too. Know what a mint mark is? Bet'cha don't. And, if by chance your Morgan IS worth some bucks, and you make a good sale, don't forget to claim it as income for tax purposes (since you've posted here about it, and you KNOW Uncle Sugar is listening in).

Answer 5

sell it on ebay or at a coin show that comes to town

http://www.scvhistory.com/scvhistory/sig...

some coin prices listed here by an honest dealer

http://www.belleaircoins.com/Coinstosell...