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Replies: 23 / Views: 3,154 |
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CCF Advertiser
United States
1533 Posts |
In a sense, everything is easier, apart from cost. I was putting together a set of Proof Walkers in the 80's and they were more expensive than they are today. However, in 1989 there was no internet, no ebay, no website aggregators. There were only shows and a collector could only go to so many of them. It took me years to find a nice 1936. Now I can do it in 20 minutes. The opening up of the entire nation's coin dealers inventories as well as access to collectors and the things they want to sell creates a huge availability of scarce and rare coins. If you have trouble finding something now, it is truly rare.
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Bedrock of the Community
United States
17884 Posts |
OK I'll give you that, adjusted for inflation Morgans are easier now. SO remember folks, don't collect Morgan dollars, they are so common they can't even keep up with the rate of inflation. 
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Pillar of the Community
United States
3343 Posts |
conder, especially don't collect those GSA morgans! According to PCGS there are 34,000 MS65 1883cc's. They are much more common than 1882P's in that grade. Sooner or later the market will reflect that, probably at the hands of the heirs trying to sell them.
I find that in the precious metals, any series between 1850 and 1880 has more stoppers than easy dates. Prices are starting to reflect that.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq 08/23/2017 3:12 pm
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Moderator
 United States
188660 Posts |
Quote:In a sense, everything is easier, apart from cost. I was putting together a set of Proof Walkers in the 80's and they were more expensive than they are today. However, in 1989 there was no internet, no ebay, no website aggregators. There were only shows and a collector could only go to so many of them. It took me years to find a nice 1936. Now I can do it in 20 minutes. The opening up of the entire nation's coin dealers inventories as well as access to collectors and the things they want to sell creates a huge availability of scarce and rare coins. If you have trouble finding something now, it is truly rare. Well said.  Quote:SO remember folks, don't collect Morgan dollars, they are so common they can't even keep up with the rate of inflation.  Preach! 
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Bedrock of the Community
United States
12057 Posts |
I'll defend the honor of my beloved Morgans!    Go out and put together an AU/BU set of any other coin series from the 1800s except perhaps Twenty Cent Pieces. Now figure out how much the same graded set but using Morgans will cost you, and you will still have spent 10 times that amount or much more to finish the other series. I know for a fact that I can sell off my Morgans at any time and have a ready market waiting to gobble them up. A set of proof Three Cent Nickel issues is a delicious and beautiful sight to behold, but if I need cash, it might take awhile to find a buyer. I also know that when I am ready to upgrade coins or fill holes, there will be plenty of examples to bid on and purchase, without me having to chase coins for weeks or months. If I have a couple rolls of circulated Morgans, I can go to any big coin show in the country and sell them all to a dealer within 5-10 minutes. Try that with your low grade type coins. Morgans are one of the great attractions of our numismatic hobby -- they draw in lots of new collectors for various reasons. They're one of a few things keeping our hobby alive so that we don't all end up as a bunch of greybeards sitting around at our C4/EAC/Fly-In/LSCC/JRCS/BHNC meetings and conventions, showing each other the same coins we've shown each other a thousand times before, and wishing we had someone else to appreciate them. Morgans serve as a gateway to get new collectors exposed to other types of coins and maybe spark their interest in Large Cents or Bust Halves as well.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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Pillar of the Community
United States
1450 Posts |
I lack 6 dates for a set of Morgans. I want most in AU, but none for less than $1000 available, and most way over that figure. I lack one LSQ and you know which one. I think Peace dollars are much easier to collect especially 1928.
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Bedrock of the Community
United States
17884 Posts |
Quote:Go out and put together an AU/BU set of any other coin series from the 1800s except perhaps Twenty Cent Pieces. Now figure out how much the same graded set but using Morgans will cost you, and you will still have spent 10 times that amount or much more to finish the other series. Quite true, because the other series are rare, Morgans aren't. Not to disparage the Morgans, the other things you say about them are true, they are more liquid and they are a good entry point for collectors that may then advance into the more esoteric series. But the reason they are liquid is because they are common. A common, but impressive coin, means a lot of collectors and more demand than for that set of proof Three Cent Nickels. It also means selling them is easier so dealers are more willing to purchase them than other potentially rarer but slower moving items. That is why the rarer specialized stuff tends to gravitate to a few specialist dealers, they have the stock in that material and the people interested in it go to them. Everyone has Morgans. Even the "rare" ones aren't hard to find, unless you are looking for top grade pieces.
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Moderator
 United States
188660 Posts |
A nice perspective, paralyse. 
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Replies: 23 / Views: 3,154 |