Is 40 dollars a good price for a bag of old Morgan silver dollars you found in your grandma's attic?

Answer

If there are more than just a few dollars in that sack, then a $40 offer is an insult and an attempt to steal the coins from you, and you should never do business with whomever made you that $40 offer.

First of all Morgan dollars are made of silver. So even if they were the nastiest, ugliest, most worn-out coins I've ever seen, they still have over $5.00 worth of silver in each one of them. So if there's more than 8 in the sack, it's worth more than $40 just for the silver.

Morgan Dollars almost always sell for a premium over the silver content. Pre-1921 Common dates in circulated condition are generally worth $8-$10 apiece. 1921's are worth $6-$8 apiece. Rarer dates and those that have little or no visible wear will bring $15-$25 or more apiece.

Take your bag of Morgans to a coin show -- where there are numerous dealers you can get offers from. You will get realistic prices there.

Answer

Impossible to say without knowing how many are in the bag, what dates and mintmarks are on them, and what condition they are in. If you had silver dollars that were worn so smooth that you could not read the dates, they should still be worth about $6.50 apiece just for the silver they contain. Any common date Morgan should be worth $8-9 in circulated condition and $20 or more if uncirculated (doubtful that they are if they were just loose in a bag). Of course scarcer dates will run more, sometimes MUCH more.

First answer by WorkingMan. Last edit by All Hat No Horse. Contributor trust: 1218 [recommend contributor]. Question popularity: 20 [recommend question]