Morgans?

HOLY CRAP!!

Wornslick,

Nothing more beautiful than a white, cartwheeling, well struck, Morgan. (IMO)

First I'll say most of the coins I own I purchased more than 20 ys. ago.
I have noticed very little gain on the lower grade coins, much better with
quality coins.

Back then, I would buy 5 of the same coin (not talking Morgans) rather than settle
for one of lower quality. And I still enjoy looking at all my coins.

Buy the best you can afford, you'll be glad you did when you look at it 100's
of times in the future.

when I started my Morgans a few years ago I started by looking at the price guides and noticed that most of the Morgans in MS-65 were pretty high but in MS-64 they were allot less. It seemed to me that 65's had already risen in value and there was a chance it would drop instead of keep going up and 64's had allot of room to improve so I started collecting every date/mm in MS-64. I almost had a full set then my interests changed and I sold off most of them to purchase MS-66 or above Morgans. I will tell you this, when I started buying Morgans 1878 Morgans in MS-64 were a little over 110.00 and MS-65's were over $1100.00. Now a MS-64 1878 7TF will cost around 250.00 and MS-65's are still selling for a little over 1100.00

I agree with Bryan that many MS64 Morgan's look like a great buy right now.

Try to find high end pieces regardless of the grade though.

of course not counting specific high dollar coins/ dates in general, as they will command high prices in any grade

Thanks for all the replies. My goal is to collect all of the Morgans that I can. Now I know that some will be out of my price range but I am able to afford most of them. I look at this as a hobby but I also look at this as a somewhat investment. The hobby is a little more important than the investment but I do not want to go through the next ten years buying Morgans or any coin for that matter that has no chance of even giving me a chance of not getting my money back. I hope that I am not coming across as someone who thinks they are going to make a killing on coins because I am not that way. I just want to learn what I can buy that has a good chance of me at least breaking even on. We picked Morgans because my wife and I love the looks of them. Off to work and then the coin store, I will check back in tonight. Thanks again,

Wornslick

Well said, Thank You Carl. Like I said, mostly hobby, but there is a little investment involved.

I agree collect what you like. I myself do not really like the look of a worn coin but know plenty of people that prefer them to Bu coins because they know they were used for their intended purpose and they like to try and think who may have held it or what it may have bought. When I started I wasn't really trying to make money on my collection I was just weighing my options at the time. I had never collected anything and didn't know if it was going to be something I was going to do for the long haul or if I would do it for 6 months and then never go back to again. That was why I didn't really go for the highest grade I could afford at first, nor did I was to make the huge jump and pay 1000.00 for a single coin when I could get 5 others in the next grade down. And then I figured if I didn't want to keep the collection I would at least be able to come close to breaking even. Once I decided I liked the hobby that is when I decided I wanted a higher grade set and thats when I started selling off some of my 64's and started buying 66's and above, but this gave me enjoyment because it was what I wanted to accomplish