Want To Start A Morgan Collection- Need Help!

Wow! Thanks for the great advice everyone! I knew many of the coins would be expensive, but I had no idea some of them would cost that much! I doubt I'll be able to pay more than $100 per coin maximum, maybe up to $200 for special occasions (e.g. a christmas/birthday present to myself). Of course, I've been spoiled finding some older coins at face from crh'ing, and maybe I deluded myself into thinking I could pick up a few good quality Morgans cheaply as well. I'll start with common dates and mint marks and see what happens. Thanks!

You should really find coin shows and/or coin clubs. And get to really know fakes since that is one of the biggest counterfeited coins on Earth.

when I first started collecting I started a Morgan collection and did exactly what you say you are wanting to do except for one exception, I started collecting every date/mm combination in MS-64. Most MS-64's can be had relatively cheap when you compare them to MS-65's, and the price difference between MS-63 and 64 isn't allot when you look at the p[rice difference between 64 and 65. That is why I chose the MS-64 grade, it was the best looking coins for the money. I only lacked 18 coins to have the full date/mm collection of Morgans finished when I started collecting VAM's and started selling off the date/mm set to buy some VAM's I was getting interested in. There is no need to win a lottery to accomplish this as long as you know there will be a hand full of dates/mm coins that will cost a few times what the common date/mm coins cost you, and a couple will be very expensive, but if you are willing to take a lesser grade on those key date coins it can be done (I wasn't willing to take a lesser coin and that is why I needed 18 coins to finish the set). Of course I am going by my disposable income I had and have no idea what your budget allows. You could go with AU and above coins throughout the set if you wanted and can actually get the whole set pretty cheap and have an attractive set also

For some crazy reason I decided to collect the Carson City set first. If I ever finish it, I will be so excited to move on to the New Orleans or San Francisco set, since the coins will seem so much less expensive in comparison.

that set is going too be alot of money

If I were to collect a series of Morgan dollars, I would get one of each Mint Mark (P, D, S, O, and CC) and get a great (certified) example of each. Then, if you insides tell you to, expand to others.

It is reasonable to put together a very nice complete set. The Morgan series is unique. You can get some BU coins for less than $50 while others will take hundreds of thousands of dollars. Get to know the condition rarities. Assuming you're on a budget, my personal advice is to get the grade of each coin immediately before it shoots up in value. For example, an AU 1884S is obtainable, while MS60 will cost several thousand. Also, some of the Carson City coins are obtainable in very high grades. Why pay $500 for a low grade coin if the same coin in BU is $550? Learn about the series; there are books out there with plenty of information about every issue of the Morgan dollars.