New To Collecting Morgan Dollars - Advice On Buying - Not Getting Ripped - Page 2

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Author	Replies: 24 / Views: 5,110	Page: of 2

einstem Valued Member United States 314 Posts	Posted 03/11/2018 08:08 am Quote: Easiest way is to buy a few coins from a reputable high-feedback seller, just average circulated common-date Morgans, and then handle them. You will soon get a feel for how the coins should look, feel, and gain familiarity with the design in general. Once you have a couple of real Morgans in-hand the fakes become much easier to spot. Great advice, but won't usually help if buying from ebay. In that case, I would seriously consider buying "Slabbed Coins" only. I'm doing this for a Peace dollar set, and you can find LOTS that are still very, very affordable. Many people "slab" coins initially expecting higher grades, but when they don't get the "desired grade", they sell them... often at not much more then the cost of the slab plus the bullion. Deals can definitely be found! Report this Post to the Staff
jmwilson Valued Member 240 Posts	Posted 03/12/2018 11:56 am Also, if you would consider buying better dates you will be much happier in the long run. For example, the Carson City coins are always strong. You might have to buy half the number of coins, but I think it is a safer move. You can look at the GSA coins on ebay. The 1882, 1883 & 1884 CC Morgans are in the $175-$250 range ... unless you push the grade to MS65 and above. However, at this time you can get good deals on nice MS65 and MS66 common date Morgans graded by PCGS and NGC. That will allow you to buy higher grade pieces. Edited by jmwilson 03/12/2018 11:58 am Report this Post to the Staff
paxbrit Pillar of the Community United States 992 Posts	Posted 03/12/2018 12:37 pm Good advice about the Carson City dollars. Buy them now, they'll just get more expensive. Report this Post to the Staff
coin197 Pillar of the Community United States 1963 Posts	Posted 03/12/2018 12:54 pm You can tell that tour coin if fake, because the color and lettering is so far off. Another good tip is to buy the old rattler holders at the smallest premium you can. I've had a 40% upgrade rate on those. Report this Post to the Staff
coin197 Pillar of the Community United States 1963 Posts	Posted 03/12/2018 12:54 pm And if they don't upgrade, you can always find someone who will pay a premium. Report this Post to the Staff
einstem Valued Member United States 314 Posts	Posted 03/13/2018 09:56 am Quote: old rattler holders .. what is this? An old PCGS Holder? Report this Post to the Staff
SilverDollar2017 Pillar of the Community United States 8715 Posts	Posted 03/13/2018 10:10 am A rattler is the old 1980s style PCGS holder. Report this Post to the Staff
jpsned Pillar of the Community United States 2212 Posts	Posted 03/13/2018 10:27 am One thing to keep in mind is that the fakers will rarely fake common-date coins. So you can feel free to stock up on those with little concern for chicanery. Report this Post to the Staff
einstem Valued Member United States 314 Posts	Posted 03/13/2018 10:55 am Quote: A rattler is the old 1980s style PCGS holder. Thanks.. what I thought! Report this Post to the Staff
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