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 Replies: 20 / Views: 2,754 |
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Pillar of the Community
United States
1554 Posts |
Actually, Morgans have NOT always been a popular coin. When I grew up we spent them the same as paper dollars and thought nothing of doing so. There were some dates and mintmarks that were rare but these coins barely saw the light of day. They became popular in the 1970's when the many hoards were released. I still say they are mostly popular with the masses because they are big and shiny.
Edited by 1893S
08/15/2014 9:31 pm
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Valued Member
 United States
374 Posts |
I like the 'big and shiny' explanation :-)! I get the history too, that makes sense.
As far as demand and value, I'm wondering what is behind the demand. I can see people buying to invest, but someone must be collecting to create the demand?
Partially in the 62-66 grade range. Why the huge premium up from say 63 to 64 to 65? Based on the recent grading posts and replies here , a lot of experienced folks have a hard time telling the difference between grades or at least debate the grade a lot.
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Pillar of the Community
United States
7375 Posts |
I understand why Morgans are popular......they just aren't for me. I like them and have a few common slabbed MS63-65, but don't "collect" them.
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Pillar of the Community
United States
4883 Posts |
Quote:
Why the huge premium up from say 63 to 64 to 65? Probably at best only one half of 1% of surviving Morgans have so few bagmarks (and also are well enough struck) that they will qualify as MS65 or better. Generally speaking, there are several times as many MS64's extant as MS65's. The premium you see is a reflection of the relative rarity of those higher grades coupled with their added desirability simply out of aesthetic considerations. Colligo ergo sum
Edited by Lucky Cuss
08/16/2014 01:11 am
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Pillar of the Community
968 Posts |
I love the fact they're so big and shiny. In 65 or better, a Morgan is something else... frosted devices, flashy fields... Mmm tasty.
Throw in a spattering of rainbow toning, and I'm in heaven.
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Pillar of the Community
United States
589 Posts |
Quote:
People like big and shiny coins.  and they are also inexpensive. |
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Valued Member
South Africa
453 Posts |
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Bedrock of the Community
United Kingdom
17970 Posts |
As a foreigner, to me the appeal is partly the design, partly the history and partly that it's a coin that can be collected in so many ways. If you just want a raw, borderline UNC one, it's about the cheapest 19th-century World crownsize coin. I'm currently trying to complete a date set. Then you can collect all the different mintmarks and the VAMs. They are great coins for collectors at all levels!
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Bedrock of the Community
United States
17884 Posts |
Big,shiny,old, and cheap. How many other 19th century coins can you buy in MS for $50 or less, and they made so many of them they're available in bag quantity, in MS.
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Bedrock of the Community
Australia
21788 Posts |
Large crown sized silver coin with a design which everybody likes; all Morgans with mint lustre are a numismatic beauty beauty to behold.
They have a heavy tactile characteristic about them, added to the fact that they were made of precious metal.
They have a history which in part, includes the fact that they were actually USED as MONEY.
A numismatic collectible, available to any who may have a passing interest (or more), in coins.
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Rest in Peace
United States
10625 Posts |
For me, it's all that has been stated so far plus, and this is a big plus, the work of Van Allen and Mallis and many followers who have dedicated many hours of their lives to identify die pairings and die states. What better justification to hoard Morgan dollars.  |
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Moderator
 United States
23522 Posts |
With ten of those puppies in your pocket, you were rich. And people could tell, because you sagged on one side. What's not to like about a huge circular slab of silver? It was the penultimate numismatic production of its' time, a size and mintage quantity never before managed. They're still commonly available and can be had in stunning appearance for a price within the reach of most collectors. I don't care who you are, hold a DMPL Morgan in one hand and a rare Half Dime in the other, and tell me which one you like the most. |
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Pillar of the Community
United States
8517 Posts |
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Moderator
United States
23522 Posts |
Quote:Can I pick out any Half Dime ? Any but the 1870-S, because I got dibs on that one. |
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Pillar of the Community
United States
8517 Posts |
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Any but the 1870-S, because I got dibs on that one.  Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Posted 08/15/2014 11:26 pm
