This coin has been in the family for a very long time. Looking for some advice. I am trading in silver to a vendor and can't decide if this coin has more value as melted silver or as the 1884 Morgan coin.

I don't know how to grade coins - but as a novice I see lots of hair lines and eagle feathers which I believe helps with value.

Is this something worth holding onto for another 100 years or sell it with other silver.

Thanks for the advice in advance!

I'd keep it.

Orleans Mint 1884. I’d grade it XF (EF), Extremely Fine condition. Worth about $60 as Morgan.

That coin look like Very Fine to Extra Fine but hard to determine from picture but looks like some breast feathers are still visible. Greysheet bid VF30 is $40 and XF45 is $43 on that coin. I would keep it at those prices unless you need to sell but it can only go up in value if silver continues to rise.

I'd get it graded

https://www.ngccoin.com/submit/services-fees/ngc/

^^^ Their lowest (Economy) grading fee is $25. Add $10 handling fee (shipping extra), and I can guarantee you’ll won’t get anywhere above XF. So, you’re just wasting money.

I have 3 Morgan Silver dollars (1879, 1883 and 1885). I didn't pay more than $45 for any of them.

For me it's worth more as is than selling for its value.

Nice and not banged up. I don't have an 84-O. I always look at the cotton balls. Looks like some dimples are still there? 45+ imo. ~$38 melt is a joke, closer to 50-60+ value. The 2025 Redbook is already history. 9,730,000 mintage. Common mintmark (no VAM that I can deduce).

I would not get it graded unless it has sentimental value and you would like to pass on it on. NGC economy grade would be $65 that does not include shipping to NGC. The other thing is you would also have to have an NGC membership and I believe the cheapest is $45 a year. If you plan on having other coins graded the yearly fee will pay for itself depending on how many coins you submit. So if you plan to have that coin graded it would roughly cost you $115 and in my opinion it would maybe come back XF45 and full retail on that coin would be $60.

If you want to pass it on then yes have it graded but as it sits I would just put it away and pass it on. I have customers come into our store all the time and bring in coins they want to submit for grading. I will look at the coin and first all determine if the coin has been cleaned or any issues that would prevent the coin from getting a clean grade with out a qualifier. I also value the coin and if this coin walked into our store I would advise not to submit for grading because cost would exceed the value of the coin. We only charge 10% over cost of grading and shipping to submit a coin under our account, we charge the bare minimum just to offer the service. I do warn customers of the cost and time because I don't want them to be upset with us when the coin comes back and value of the coin doesn't go up.

I want to be upfront with our customers and be clear of what I think the coin will come back at. I had a customer come last year with a 1964 Kennedy half dollar, he wanted to submit it for grading. I looked at the coin and told him it was just silver 90% and coin was not worth grading. He told me that it belonged to his father and that it was die error coin. I looked at the article he provided me showing this particular variety and its high value. I told the customer that I didn't believe that his coin was the same but he insisted it was and asked me to insure it for $50k and submit it for grading. I again asked him to reconsider and get a second opinion just in case I was wrong but he would not. He paid well over $300 just in shipping and I didnt even charge him our usual 10% fee because I knew what the results were going to be. Sure enough it came back just a silver half dollar worth about $9.

If that coin walked into my store I would offer $36 for it and toss it in our pre21 morgan tray and try to sell it for $40

Was at my local coin shop yesterday. He's buying XF Morgans for $35, selling for $45. Current melt is just over $38. I'd keep it as family history unless you really needed the 35 bucks.

Thank you all for the comments, suggests, grading and links!

I am always concerned about sending something off for grading or identification. Had my Colt Artillery verified by an authority several years ago. I prepaid the fee. When finished, I was contacted and told the identification required extra work so there was an extra $ 100 fee.

Yeah. That coin is worn at the hair above the ear, at the floppy part of the hat, and at the eagle breast feathers. Good coin, but not great value.

Long ago, late 50s maybe, I found a Morgan laying in the street in SoCal. Its a 1878 S in better condition I think than the one pictured above.

Email response from a collector / dealer whom I sent these pictures to (Recommended source from a local member). I will not send the coin to be melted. Thanks again all.


"That coin is a common date Morgan that is in pretty good shape. It has about $38.50 in silver. I typically buy those for $36.00 and sell them for $39.00."



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