Buying High End Carson City Morgans As An Investment..?

Why high end Morgan cc's? The huge number of GSA coins, most still ungraded, guarantees a nearly endless supply of future MS65 coins.

For the same money you could buy high end cc double eagles. Much lower populations and very few left to discover, plus the underlying value of the gold. To me it would be more satisfying to own a couple of these in VF or XF than a MS65 Morgan cc.

I just bought an 1892cc for $550. It's not graded but certainly looks AU...I bickered with him from 625 down to 550. Made an offer for two 1889cc that he had 725 and 650 on each, offered a grand cash for both and he stood his ground. Then offered 1050 and still wouldn't sell them. He did come down to 650 on the 89cc that was priced at 725...should've bought it. I'll try and post a picture of the 92cc later but pictures are very hard to post on this board.

When you buy a raw coin, you need to be able to grade and identify problem coins. If the coin has been cleaned, it will lose about 30% of its value. I attended the college of "Hard Knocks in Coin Collecting". I purchased unknowing raw coins that were damaged, cleaned, and below grade for price.

You should send in the 92CC in for grading as it will give you feedback on the seller and what you are buying. If you want to buy coins now, I would recommend that you buy graded coins from NGC or PCGS for any purchase over $200 as there is much less risk.

I have been a stock investor for over 30 years. What I have heard and read is that your collectable/Art/Coins/Bullion should be about 5-10% of your total portfolio. Gold mining stocks are down about %50 over the last year and a half. They are highly volatile and could be up 50% a year or two from now. I would put coins halfway in the commodity market and halfway in the Collectables market. This money you have is it for your retirement or just money you want to speculate with? If it is retirement money just put it in the Wilshire 5000 and forget it until you learn more. If it is money to have fun with then collecting coins is a fine hobby. If you collect coins for the next 30 years you will probably make money at the end of that time. The thing about coins, or bullion, as an investment is that it does not pay interest or dividends and you usually have to pay to store it. Gold and silver are hedges against inflation and total economic crash. You can buy precious metal mining stocks and get dividends at the same time. I think you should do it slowly and very systematically because these markets can go way up and way down and if you don't have the stomach for steep losses don't invest. I just buy coins because I like them. I am not thinking about a big return on investment.

I bought two today, a 92cc for $550 and an 89cc for $550. I also bought a complete set of uncirculated Roosevelt dimes that are totally awesome, for $155.

I really like the 89cc...I'll try some pictures.