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Is Anyone Doing A Morgan Dollar Grade Set?

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Author Previous TopicReplies: 14 / Views: 2,054Next Topic  
Bedrock of the Community
GR58's Avatar
United States
11951 Posts
 Posted 08/26/2014  6:16 pm Show Profile   Bookmark this topic Add GR58 to your friends list Get a Link to this Message Number of Subscribers
Seems like I read on here that some were doing a set of graded Morgan dollars. I would like some opinions on how
others are doing it, before I get to far along.

I know it is really up to the collector how to put a set together. But I do like to hear others opinions .. might give me ideas.

I am curious .. if just getting one for each grade is a good way to go. Or should they all be the same year/mint mark?

Would one from each grade be ok .. or would all sub grades be best?
For example - a Good, very good, fine, very fine ETC.
or
G4, G6, VG8, VG10, VF12, VF 15, ETC.

I am thinking about doing from Good to MS-65.

Just starting so here is what I have so far.


Is-Anyone-Doing-A-Morgan-Dollar-Grade-Set?

Is-Anyone-Doing-A-Morgan-Dollar-Grade-Set?
Pillar of the Community
Canadian-Banknotes's Avatar
Canada
4944 Posts
 Posted 08/26/2014  6:33 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply
You can put your set together however you want. Could be all from one year/mm, all one year (mixed mm), or all random dates and mm's.

I decided to stick to just one date/mm for my set.

https://goccf.com/t/131380
Edited by Canadian-Banknotes
08/26/2014 6:36 pm
Bedrock of the Community
GR58's Avatar
United States
11951 Posts
 Posted 08/26/2014  6:58 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
CB .. thanks for posting that link.

I sort of remember reading it, just not recently.
That must be the thread that put the idea in my head.

I know just doing any year/mint would be the easier way
to do it, but doing the same year might be a better idea.
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Canadian-Banknotes's Avatar
Canada
4944 Posts
 Posted 08/26/2014  7:10 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply
I think I posted somewhere in that thread, the date/mm combinations that currently have a coin graded in each grade.
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tkbslc's Avatar
United States
1158 Posts
 Posted 08/26/2014  10:17 pm  Show Profile   Bookmark this reply Add tkbslc to your friends list Get a Link to this Reply
It would be a little more interesting and challenging if they were same mint and date so you know the strikes are all similar and you have a nice wear progression from a similar starting point. But even with mixed dates it would be pretty cool.
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DNA's Avatar
United States
2734 Posts
 Posted 08/26/2014  10:25 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply
A San Francisco Morgan grade set could start with an AG-3/G-4 1893-S...
Pillar of the Community
968 Posts
 Posted 08/27/2014  12:10 am  Show Profile   Bookmark this reply Add chasingtailbar to your friends list Get a Link to this Reply
DNA, given the number of conditional rarities from San Fran, and the availability of certain dates in gem and higher, that's a very interesting idea. You may have just inspired me to give that a shot...
Valued Member
Pittstate03's Avatar
United States
71 Posts
 Posted 08/27/2014  01:26 am  Show Profile   Bookmark this reply Add Pittstate03 to your friends list Get a Link to this Reply
I think any Morgan set would be a good accomplishment. I started out doing a registry set, but it became costly, frustrating, and dulled my interest in Morgans. I have since just focused on a MS Carson City set (lacking 1889 & 1993 right now) and just acquiring any other rare coins at the best grade I can afford at the time. I trade in to better coins when the opportunity arises.
There is such a large amount of date's and mint marks of Morgans, there is always something to look for. If you are wanting a more short term goal, I think a Peace dollar set in a particular grade is a lot easier to accomplish. If compiling any type of a Morgan set, I think you have to look long term and have a lot of patience. Otherwise, you may end up overpaying for certain coins and have a big investment (time & money) in something.
Just my opinion. I think if something makes you happy, it doesn't matter what it is.
Edited by Pittstate03
08/27/2014 01:26 am
Valued Member
ASEnut's Avatar
South Africa
453 Posts
 Posted 08/27/2014  01:52 am  Show Profile   Bookmark this reply Add ASEnut to your friends list Get a Link to this Reply
No, to expensive lol
Valued Member
United States
320 Posts
 Posted 08/27/2014  08:51 am  Show Profile   Bookmark this reply Add Ant76 to your friends list Get a Link to this Reply
I started doing the same thing, but with the same year. Be prepared to spend some money on grading fees to get the low grades p2 f4 etc. you can do it any way you want and what fits your budget. I intended on my guys building a large display when I'm done to house them all in. It will go in the man cave.
Bedrock of the Community
GR58's Avatar
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11951 Posts
 Posted 08/27/2014  09:04 am  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
Your opinions are causing me to think more about this project.

I do agree doing the same year/mint would be a interesting way to do a set like this.

but ....

For some reason, this morning I am thinking maybe break it into groups. Like VG and below "O mint", F to AU "P mint"
MS 60 - MS65 "S mint"

Even after writing that ... thinking using the same year/mint is really the best way to go.

Trying to think of a year that means something to me. Or to pick a year that might be easiest to complete.


Quote:
No, to expensive lol

ASEnut I understand it will cost more to do a set like this,
more than just buying coins as they come along.

That's why I am thinking it will be a long term project.

I was hoping I could pull some of the coins from ones I have.
Is-Anyone-Doing-A-Morgan-Dollar-Grade-Set?
Valued Member
ALP's Avatar
United States
234 Posts
 Posted 08/27/2014  09:19 am  Show Profile   Bookmark this reply Add ALP to your friends list Get a Link to this Reply
Sounds like a cool project. I think it would be interesting either way, but sticking with the same year and mm would be the ultimate morgan date set challenge, in my opinion.
Valued Member
ASEnut's Avatar
South Africa
453 Posts
 Posted 08/27/2014  09:31 am  Show Profile   Bookmark this reply Add ASEnut to your friends list Get a Link to this Reply
Wow gr58 that is quite a huge collection!
Pillar of the Community
duncanbishop24's Avatar
United States
898 Posts
 Posted 08/27/2014  10:29 am  Show Profile   Bookmark this reply Add duncanbishop24 to your friends list Get a Link to this Reply
Wow! GR58, I don't own a single Morgan, looks like I've got something to look forward to in years to come when I start collecting them.
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tkbslc's Avatar
United States
1158 Posts
 Posted 08/27/2014  11:47 am  Show Profile   Bookmark this reply Add tkbslc to your friends list Get a Link to this Reply
After thinking about using the same year/mm, it could be quite expensive and difficult. The common years don't have many low grades (why bother when even an XF is only worth a little over melt) and the rare dates have low graded slabs, but the high grades cost 4-5 figures.

For example, the cheapest date for MS-65 is 1904-0, but its hard to even find an AU one, much less low grades. There are NO XF or VF listings on ebay from that year/mm even in completed listings.

If you pick 1893 CC, there are buckets of low grade slabs on ebay, but then the MS 60-65 set is going to cost you $100k to complete.

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