Collecting Circ Or Bu?

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Originally posted by Susanlynn9

On an interesting note, I have found that circulated Morgans are selling much better than BU Morgans these days. I think that the Morgan series simply has the BU market flooded and it's harder to find nice circulated examples of these coins. Morgans are another coin that, in my opinion, wear nicely.

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I agree. I'm shopping around for a 79CC Morgan in circulated condition (can't afford an MS). While I've looked over hundreds of raw circulated 79CC Morgans in the past two months and can safely state at least 90% are problem coins, virtually every one has sold, regardless of their condition, problems, and estimated grades; the exceptions are those Morgans which have been listed too high either as BINs or start prices.

Also, not only are circulated Morgans selling well, their prices are climbing noticably. Those about F-12, one of which I bought (and will be sending to PCGS after I get a second 79CC for back-up and have cracked some other Morgan dates out of their non-PCGS slabs) for less than $100 are now going for $115 to $130, give or take. If they're already slabbed, particularly by PCGS, add 50% to the value.

Regarding Morgan BUs, the most common CC dates 1883, 1884, and 1885 are definitely a glut on the market. Their hammer values are generally in decline in both slabbed and raw. 79CC and 93CC are holding their own or increasing somewhat, but so few certified MS 89CC are offered on ebay that I wouldn't want to make a statement about them.

Oh yeah, nothing wrong with having a few BU's of different types around.

Tony

Proofs and Uncurcirculated coins are beautiful
but even nicer are

AU coins


Thats spelled

AUstralia

Come over to the darkside!

The preceeding was a paid public service announcement from all of the darksiders

Especially the ones downunder (we'll include Kiwis in that too)

Whatever you collect- please collect because you continue to enjoy it.

If you are getting frustrated with your hobby - collection- passion-
step back take a deep breath and start over.

The coins will be here long after you.

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Originally posted by tonphil1960

Oh yeah I am a darksider too. Really interesting, but alot to learn.
Tony

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Learn well young collector- the force of the darkside is with you and the forum will help you as much as we can.

(My apoliogies to the forum - I don't know what has come over me)

Perhaps it is the fact I parted with some of my coins this holiday in an effort to get others interested,

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Originally posted by bulldawg

I prefer the AU coins over the MS ones. I think I can get a better looking coin for the money that way.

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I'll join that opinion. That said, I collect both circ and uncirc'd coins, but I prefer UNC or really sweet AU's. I collect Peace dollars, Walkers and Standing Lib quarters. The Peace dollars will be pretty much within my reach in uncirc'd grades (maybe not the '34-S, at least for the present). The Walkers are fairly accessible in high grades, but have a few dates that are out of sight. The hardest are the SL quarters: I like to see a full shield and I have gotten some excellent VF's and EF's with nice detail. But mostly, I don't like to buy coins below VF unless there is significant eye appeal, especially the Peace dollars, which tend to fade into a gray-steel fog. Other coins wear well - e.g., Morgans, Barber coins, although I collect neither at present. I have bought coins sight-unseen before (no photos; just promised comparative grades), and have had good results, but I wouldn't do it for important dates.

Terry's right! As my co-A.O.D., he knows of what he speaks!

Gary, A.O.D.

I collect both, but I'm liking circulated coin collecting more these days. It's more "old school" and less poisoned by the slabbing, crackout and registry set games.

Still, I do collect mint state coins, from particularly ice moderns in pocket change to a few Morgans and such.

Unfortunately, as interest rises in the circulated and "darkside" coins, I predict that those markets will also suffer the market grading that is prevalent in the UNC coins. Hope I'm wrong, but if there's money to be made, someone will. The TPG niche is one with potential for immense growth.