How To Sell Rare Coins In Los Angeles!
This is the third part of our rare coin appraisal blog. The purpose of what I’m writing is to help you get a handle on your coin collection. The methods for sorting and determining value are very basic, easy to understand and used commonly throughout the industry. There are always exceptions and there are lots of variables when it comes to coin values; was it cleaned? Are there rim dings? Is it scratched? Is it authentic? Is it a rare date? What is the coin grade? For this exercise in determining the value of your collection, let’s assume that you have an average collection of coins. That the coins in your collection are in average condition and that you don’t have any rare dates. If you do have high grade or rare date coins, a professional numismatist will recognize this and adjust the value accordingly. In the meantime, let’s approach this like you have an average collection!
Part III United States Silver Dollars:
Flowing Hair 1794 – 1795
These are seldom seen in your average collection. The 1795 dated specimens range value from $2000 to $6000 each in low grade (AG to VF) condition. The 1794 dated coins are quite rare so we won’t go into them in this section. These are often seen with repairs and damage so be aware of that. Often times they have been cleaned too. If you are lucky enough to have a Flowing Hair Dollar in your coin collection, it’s probably quite valuable. One last note, there are many reproductions on the market and there are outright counterfeits as well.
Flowing Hair Dollars $2000 to $6000 each (VG to VF) Condition.
Draped Bust Small Eagle Dollars 1794 – 1798
Like the flowing hair dollar, these are often seen with damage; they can be overly cleaned or even repaired so watch for flaws. Common date coins in average circulated condition (AG to VF) typically sell for between $2000 and $6000. These have a slightly different reverse than the most common Draped Bust Large Eagle Dollars so pay attention to the reverse of this coin, it has the “small eagle” reverse.
Draped Bust Small Eagle Dollars $2000 to $6000 each (VG to VF) Condition.
Draped Bust Large Eagle Dollars 1798 – 1804
This modified version of the Draped Bust dollar had a newly designed reverse with a larger eagle bearing a Union Shield upon it’s breast. These are the most common design in our early dollars but one of the rarest United States coins, the 1804 dollar is a part of this issue. The 1804s and 1803s are very rare and are also two of the most heavily counterfeited U.S. Coins so be aware of this when examining the collection. Common date Draped Bust Large Eagle Dollars in average condition typically sell in the range of $1000 to $3000. Like the earlier designs, these are often found in damaged, repaired or cleaned condition. Original specimens command a premium!
Draped Bust Large Eagle Dollars $1000 to $3000 in average (VG to VF) Condition.
Liberty Seated Silver Dollars 1840 – 1873
Liberty Seated dollars are much more common than their Bust counterparts. Unlike the earlier silver dollar issues the Seated Liberty design had a 33 year run from 1840 to 1873. The design was popular and the American economy was growing during middle of the 19th century. The result of these two factors is substantial mintages and therefore reasonable prices for collectors over 150 years later. Prices range from $300 to $600 in average circulated condition and substantially higher for high grade specimens and rare dates.
Liberty Seated Dollars $300 to $600 in average (VG to VF) Condition.
United States Trade Dollars 1873 – 1885
The United States Trade Dollar was original produced for international trade, primarily in Asia. These coins were made to compete with large silver coins circulating in Asia at the time. These often come with merchants stamps struck directly onto the coins surface. We call these stamps “chop marks” and sometimes Trade Dollars can be so full of chop marks that the shape of the coin starts to change from flat to concave. They are frequently seen in circulated condition (F to AU) and are quite popular among collectors. They range in value from $100 to $500 in Fine to Almost Uncirculated condition for common dates, rare dates and high grades command substantial premiums.
United States Trade Dollars $100 to $500 in average (F to AU) Condition.
United States Morgan Dollars 1878 – 1921
Certainly the most popular of all United States Dollars the Morgan dollar features the bust of Liberty on the obverse and a heraldic eagle on the reverse. The series is vast with coins being manufactured at the Denver, Philadelphia, San Francisco, New Orleans and Carson City mints. Some of the most popular issues are the Carson City coins, they feature a “CC” mint mark on the reverse. Occasionally hoards of these coins are found in vaults across America. One famous hoard was held by the United States Treasury. In the 1970s these coins were auctioned off by mail bid. Many of the Carson City issues have survived in high grade condition. There are many rare dates and certain issues are quite scarce in uncirculated condition while most are readily available in large quantities. This “staple” of the rare coin industry fluctuates weekly and is affected though not ruled-by the movement in daily silver markets.
United States Morgan Dollars $28 to $50 in average (VG to AU) Condition.
United States Peace Dollars 1921 – 1935
This American silver dollar was designed to commemorate the ending of the Great War, WWI. It is struck with the word “Peace” on the reverse, reflecting the sentiments of the American people in a war that left very few families unaffected. The first year of issue 1921, was stuck in high relief, the design was raised somewhat and though it created a beautiful effect, it was impractical. By 1922 the design was flatter and with standardized dimensions. These coins though popular are very common. Better dates include the 1921, 1928 and 1927-S among others. Peace dollars range in value from $28 to $50 in average condition. They are still available in large quantities, with original solid date uncirculated bags still surfacing on the open market occasionally.
United States Peace Dollars $28 to $50 in average (VG to AU) Condition.
So there is a rundown of old United States Silver Dollars with average values for coins in average condition. Take my advice here, Use the low end of the value calculations. Unless you have a coin collection that is well above average in terms of condition and the number of better dates, the low end of the averages listed here will get you in the ballpark of the value of your holding. Shooting for the top or even middle end of the values is probably not helpful. As I’ve stated before, this is a guide, a group of indicators made to establish a ballpark idea of your holdings. We are located in Santa Monica California but are close to many local communities such as Culver City and Beverly Hills. If you are looking for a rare coin appraisal in Culver City or Santa Monica we can help you. Feel free to contact me email@example.com if you have any questions.
Thanks for stopping by!
We specialize in Antiques, Rare Coins and Estate Jewelry and a broad range of collectibles. We are located in Santa Monica California. We are nearby Culver City, Malibu, Brentwood, Westwood, West Hollywood, Beverly Hills and Los Angeles. We service the entire west coast with appraisals and buying services pertaining to every field we deal in. If you are interested in buying or selling Antiques, Rare Coins, Estate Jewelry or any Collectibles, we ask that you visit the “what we buy” section of our website. Then click on the category that pertains to your items and you’ll learn a bit about our interest or expertise in that particular field.
Bryan Martin Abbott
This and all blogs and content on www.310antiques.com are copyrighted. ©2013