Key Date Investment Question - Coin Community Forum

To participate in the forum you must log in or register.

Author	Replies: 6 / Views: 1,019
shadowtrooper78 Pillar of the Community United States 1370 Posts	Posted 10/26/2011 09:36 am I am down to only needing 4 morgans for my Morgan dollar set which are the key dates. I pose the question, from an investment standpoint would it be better to buy as much as I can afford on a key date, or should I buy something that is lower grade that more coin collectors could afford to buy. An example we would all love to own a MS 1889 CC, however how many can actually drop 30k on one coin and how long would it take to actually sell a coin like that other than on an auction site where you could end up taking a huge hit. Take that and compare it to buying the same date in a F to XF where you're dropping $750 to $2300 on the coin which would bring more collectors to the playing field. What do you think would be the better investment. If you owned a coin shop which one would you want more from a business perspective? Report this Post to the Staff

SDcoinguy Pillar of the Community United States 2424 Posts	Posted 10/26/2011 10:46 am hmm thats a tough question. i am neither a coin shop owner nor do I collect morgans, yet... but, from an investment stand point F-XF coins would seem to be the best bang for your buck and the guy off the street that needs the 89 CC for his/her collection as well. you're right. not many can afford to drop 30k on ONE coin. most people will be looking for the lower grade for these key dates, in my opinion. go for the F-XF.. =) Report this Post to the Staff
mariospaghetti Valued Member United States 421 Posts	Posted 10/26/2011 12:57 pm I agree I would go for a lower grade coin to finish the set. But I would do a lot of searching for the one that has the best eye appeal and is the best of that grade. It is true we all dont have 30K to drop on a single coin and if I was buying a set no less full set I would be happy it was complete and more reasonable for the average to upper class joe! Report this Post to the Staff
SsuperDdave Moderator United States 23522 Posts	Posted 10/26/2011 1:03 pm Given the demand for Morgans in any grade, I don't think any strategy you use to approach the keys will go wrong. It's not like 1893-S's in MS63 ever lack for bidders at Heritage. Report this Post to the Staff
hesgut Pillar of the Community 1028 Posts	Posted 10/26/2011 1:24 pm Any coin where you're gonna have to spend 30,000 to buy will only be available to sell at auction. Nobody on ebay will buy it. No coin shop owner will wanna go in on one coin for that much. With your auction fees, you'd have to wait until that coin's value reaches at least 40,000 to make any profit at all. That could take a long time. I don't really think any coin priced between 10,000 and 100,000 is a good investor purchase (with a few exceptions) because you've outpriced almost every collector. You have made the coin impossible to sell except for at auction. You have also not yet tapped into the super rarity market yet, where people can see huge profits if they have enough capital to begin with Report this Post to the Staff
CaptainFwiffo Pillar of the Community United States 4132 Posts	Posted 10/26/2011 1:30 pm I think problem-free, circulated F-XF coins with good eye appeal are underrated generally. A lot of collectors are looking for that range for their classic sets because VG and lower start looking ugly to a lot of people, and AU and higher are out of reach for key dates. Report this Post to the Staff
Bizybackson Pillar of the Community United States 1817 Posts	Posted 10/26/2011 1:51 pm The answer depends on how is your main set constructed? Are they mostly AU/BU? You can drop 2 tiered grades on any single key, and provided it's not harshly cleaned and has above average eye appeal, a VF-XF will not look out of place with a AU/BU set. I've seen BU Morgan date sets that are all BU except for the 3 scarce years of 1893, '94 & '95 are in G-VG, which like captainfwiffo said, look ugly in relation to the rest of the coins, even though they probably would be just fine as a single stand alone coin. Having a relatively uniform look in a complete set is important especially when it comes time for you or your heirs to sell. Report this Post to the Staff
	Replies: 6 / Views: 1,019

To participate in the forum you must log in or register.

All Forums Category: US Coins and Currency Forums Forum: US Classic and Colonial Coins

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.23 seconds to rattle this change.