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 Replies: 27 / Views: 4,140 |
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Pillar of the Community
United States
5832 Posts |
I also hope I am wrong. PM been around for thousand of years, but my feeling that there aren't as many of collectors these days that are interested in coins, especially the younger generations are more into other things in life.
The one's that are are usually brought into the hobby, and it comes and goes.
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Pillar of the Community
United States
2130 Posts |
I agree with Terry here. Gold and silver coins will always be collectible even after we are a cashless society. There will be way more stackers around than coin collectors.
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Valued Member
United States
338 Posts |
I am starting to see ads "Trading gold for Slabbed Morgans" and "Trading gold for silver bars". I am biting on the feeling that high grade slabbed Morgans are on the way up since I've started to pick up a few choice coins. And, it looks like more than a few people believe silver will make move upward.
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CCF Advertiser
United States
1533 Posts |
I see common date Morgans at shows all the time for $65 in MS-64 and $120 in MS-65. Last year they were $75 and $150, so I don't see what you are seeing.
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Pillar of the Community
United States
2589 Posts |
Coin collecting has been around for thousands of years, and will continue for thousands more. Coins as historical artifacts and artwork will continue to be valued and collected so long as human culture survives. Its this attribute that will ensure that numismatics will have a future eons to come. I always tell people who are interested in investing in collectables that coins are the only thing assured to still have value in the future (although other historical artifacts (like militaria, ancient greek statutes) assumably will as well).
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Pillar of the Community
 United States
1450 Posts |
I was looking at price guides and comparing them to last year. Maybe it was wishful thinking. Xavier, I agree that silver and gold coins will always have some value. Some of the really are works of art.
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Pillar of the Community
United States
3479 Posts |
I'm not seeing any price increases at auctions. There's just way too many of them for sale. On any given week, anyone with the money can complete a set of Morgan dollars. I'm losing interest in them because of this. The series isn't challenging to collect. |
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Valued Member
United States
338 Posts |
I think Morgans are one of the most beautiful and iconic US collector coins. I agree it is not that challenging to put together a complete set in mid grades. But, I believe it is impressive and a little more challenging to put together a high grade set of certified Morgans. Sometimes beauty is in the eye of the beholder though.
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Pillar of the Community
United States
1192 Posts |
In my limited experience at coin and pawn shops, I see a lot of Morgans but few original surface Peace dollars. It's especially hard to find nice looking ones with lower mintage. I've said it before but I still think there's more value in Peace dollars than Morgans. I would never attempt a Morgan set due to the sheer number of coins plus the high prices on several of them. Don't get me wrong, Morgans are awesome looking coins..I just feel they are overvalued. |
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Valued Member
United States
338 Posts |
I don't see the prices of Morgans going down. They are likely overpriced. But, it seams like many series are overpriced now. I took a hiatus from coin collecting for quite a few years. And, the prices on almost everything are unbelievably high. I agree Peace dollars are a great value. BTW, the same thing happened with collector muscle cars. I remember when you could still buy a classic Camaro or Trans Am for under 10K. These cars were 5-6K new. Now a nice one is 30K+. I don't know who drives up the prices on collector coins and cars - Dealers or collectors? Maybe both. |
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Pillar of the Community
United States
2936 Posts |
Quote:
The series isn't challenging to collect. I you do want a challenge, try the world of VAMing. While a subset of Morgan/Peace Dollar collecting, the interest and participation is growing by leaps and bounds. PG |
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Pillar of the Community
United States
3479 Posts |
Quote:
I you do want a challenge, try the world of VAMing. While a subset of Morgan/Peace Dollar collecting, the interest and participation is growing by leaps and bounds. PG I hear ya Paleoguy, but I find collecting Seated dollars and capped bust halves more rewarding. I'm not trying to knock people who are into vaming, but it just seems like a subset created by Morgan dollar collectors to make the series more interesting. Could be a fad that fades in 10 years. Who knows, only time will tell. |
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Pillar of the Community
United States
3184 Posts |
While I'm don't follow the prices of peace/morgans very closely, everytime I go to a local coin show, I always see dealers sell a fair amount of common date peace/morgans ......they are desirable and popular.
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Pillar of the Community
United States
2130 Posts |
I would say that Morgan's seem to dominate the few coin shows I attend. I would think the Morgan dollar is what keeps most coin dealers in business. |
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Pillar of the Community
United States
2936 Posts |
Quote:but it just seems like a subset created by Morgan dollar collectors to make the series more interesting. Could be a fad that fades in 10 years. Who knows, only time will tell. I hear you back, but one of the foremost VAM collectors (who we all probably know at a minimum by name) told me recently that he would not have a million plus dollars invested in the VAM genre if he thought VAM collecting was a temporary diversion.  PG |
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Replies: 27 / Views: 4,140 |
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Posted 04/23/2017 9:03 pm
