I'm Pretty Excited...

Discussion in 'General Discussion' started by 007, Jan 7, 2011.

  1. 007
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    007 Charter Member Supporting Member

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    I just bought a Morgan silver dollar that's one of two of the most valuable years minted between 1878 and 1921. One is the 1884 S mint, and the other is the 1889 CC mint. I acquired the first one, and it's in what I consider to be almost pristine condition. If it graded at MS68, it's fair market value is set at $937,500.00. Of course now I have to take the coin to a shop and have it registered, insured and sent into PCGS for grading. I paid $61 for it, obviously from someone who had no idea what they had. Just another old coin. I'm going to be on pins and needles until it comes back from grading. I could have hit the jack pot.
     
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  2. peach174
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    peach174 Gold Member Gold Supporting Member Supporting Member

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    Oh wow wouldn't that be someting if it was? I love hearing about good finds like this.
     
  3. anuthervoice
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    anuthervoice pining for the fjords

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    Awesome. Hope it comes back with the rating !
     
  4. MikeK
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    MikeK Gold Member

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    Good luck!
     
  5. shintao
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    shintao Take Down ~ Tap Out

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    I wish him well with it. If you enjoy those kinds of finds you should purchase yourself a good metal detector and make excursions to public areas. I used one once and found a whole jar of old coins that had been either stored in the clean out of a fireplace, or in the structure when the firsplace was built. In any event the detector was fun to use. One of the kids found an old marshalls badge.
     
  6. shintao
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    shintao Take Down ~ Tap Out

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    Even if proves out at 1/2 the worth, you best seek out an accountant about taxes. :eusa_angel:
     
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  7. Sherry
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    Sherry You're not the boss of me Supporting Member

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    I'll PM you with my ring size.;)
     
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  8. Big Black Dog
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    Big Black Dog Gold Member Supporting Member

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    I consider you a good internet pal Pale Rider, and because of that, I am interested in your welfare. A coin like this could only cause you trouble. Why don't you mail it to me and I will rid you of all the potential worries of owning the coin and give you the satisfaction of knowing that you made a bald-headed old geezer pretty happy!

    Now, seriously, congratulations my friend. Hope it all works out well for you. You deserve a bit of luck.
     
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  9. kwc57
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    kwc57 BOHICA Obama

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    What are the taxes on a $937,500 coin?
     
  10. Mr. H.
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    Mr. H. Diamond Member

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    Nothing if it's not sold.
     

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