$20 Silver Morgan Dollars Good Buy?

in steemsilvergold •  7 years ago  (edited)

IMG_2937.JPG

I was at our local flea market and an older gentlemen was selling theses 4 Morgan dollars. He was asking $29 each. I asked if he would take $80 for all four. He took the deal and said they had been in a drawer in his house for decades.

IMG_2938.JPG

My question to all my silver stacker friends is was this a good buy? These are the first Morgan Dollars I have ever purchased. Appreciate any and all feed back.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  ·  7 years ago (edited)

My Local Coin Shop Dealer, who I think is honest & fair, sells similar Morgan Silver Dollars for $23 - $24, each. (1/5/2018.) Yes, I think you got a very good deal.

Thank you for the comment and information. Glad it appears they were a good buy and I didn't get taken

Excellent purchase

$80 is fine, they can sell for $30 each in a coin store. The O mint marks are cool. That was the mark for New Orleans. The silver content is worth $52.70 alone, so it's not like you're paying that much numismatic value anyhow.

here's the link to the mint. It would be a cool tour!

  ·  7 years ago (edited)

I would have bought them for that, I have paid that much for beat up peace dollars and yours are older and look nice.