Queen Olive
Posted in Bed Comforter Sets on 02/01/2007 09:16 pm by admin
How can I tell what my coin is worth over the internet?
I have a one dollar coin from 1890 with a picture of a queen on the heads side with a crown that says “Liberty” on it, and a bald eagle with arrows and what i am assuming as an olive branch in its claws on the tails side. If you know the coin or its worth, or a free website that can determine it’s worth, it’d help. Thanks.
You have what’s known as a Morgan Dollar. It’s a silver dollar coin made by the US Mint from 1878 to 1921. Look on the tails side for a mint mark. A mint mark is a letter that stands for the actual mint the struck your coin. The Philadelphia mint is the main mint. There is no mint mark on Philadelphia coins. But, if your coin was struck at San Francisco you will find an “S” just beneath the bow ribbon of the wreath on the tails side of the coin. New Orleans coins have an “O”, and Carson City coins have “CC”. Your coin is 90% pure silver.
As to value, it will depend on the condition (grade) of the coin, it’s scarcity (number made), and its popularity in the marketplace.
Here’s a link to the Professional Coin Grading Service site’s page on Morgan Dollar retail prices.
http://www.pcgs.com/prices/PriceGuideDetail.aspx?c=744&title=Morgan+Dollar
Look down the lefthand side of the page to find your coin (remember to look for the mint mark), then move across to the right to see the prices for the various conditions. (In case you’re wondering, the columns of prices correspond to different grades.) As you can see, the Carson City 1890 silver dollar is the priciest.
A coin dealer will give you less than these prices. Dealers buy at wholesale. eBay prices realized are often somewhere in between retail and wholesale.
The Morgan Dollar is an interesting coin, with lots of history. It’s popular with collectors as well.
For more on Morgan Dollars like the one you have, see
http://www.valuable-coin-stories.com/morgan-silver-dollars.html
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