Help With Morgan Dollars And VAMs

i have already invested in gold bullion, I heard that the annual return on coins with a numismatic value is higher. but Thanks for the info

I had a dealer tell me some sage advise once. If you want to be a complete collector, learn to grade accurately, sell a few of your coins and compare notes on what you bought them for relative to what you sold them for. Don't hoard or be an accumulator. That isn't collecting. Stay focused on the task at hand.

This is not a reliable statement.

When dealing with investment coins, never purchase raw coins. Always choose a top tier third party grading company such as PCGS or NGC. ANACS and ICG are considered top tier as well. Purchase from a reliable dealer. Make sure the third party grading company slab is not counterfeit. Due your due diligence and have a second opinion from another trusted source. Make sure what you are purchasing fits within your investment goals.

I had three years in British schools and I can still sing "God save the queen".

I would suggest taking time and reading about the Morgans before buying them. I would suggest this book

http://www.amazon.com/Guide-Book-Mo...p/0794819435

If you don't care to know about the coins and just want to make an investment, try to get a list of coins and prices from a expert numismatist friend and use it as a baseline to buy graded coins or even better if you could convince your friend to buy it for you :)

Oh Heavens no....stick with the gold....however, if you feel compelled to buy a Morgan, it seems to me that the wisest choice would be to opt for condition over rarity.

For a whole lot less than $5k, you could buy a common year MS-66 DMPL (Deep Mirror Proof Like) Morgan, which I am inclined to believe would appreciate in value at a greater rate than a rare dated coin in only Fine or Very Fine condition....I am not experienced with this sort of speculation, but this is what I gather from what I have picked up here and there....Condition is everything, and the letters DMPL on a plastic holder are the most coveted letters of all.

Buy that DMPL graded coin (if you must), and spend the 4k+ that you have left over on the real investment....(gold).

The Red Book is (NOT) the price guild to use as it is always out dated by the time it hits the market. Kind of like buying a stock based on the P/E from last year.

Grey sheets come out once a week and give buy and sell number at given grades. As Oz stated knowing how to grade comes into play. Think of the Red Book as the window sticker of a car, few walk in an just say WOW great price I will take 2! Many dealers "not all but many" over grade there Raw coins and will not let you know that a given coin is a problem coin. Like it's been cleaned or that the toning you see is artificial, or that scratch and any one of this type problem will preclude it from being graded by a top tier grading company like PCGS, NGC, ANACS

The best advice I can give is if you are looking at Morgan dollars and you have a base line understanding of what an AU and BU coin is. Go out and buy 10 or so common date coins they should be around 25 to 35 dollars, Your in England so call it 20 Quid. Once a day post a few photos of just one coin here. We will let you know what we think and if you do make an error, with silver at 28.00 + US the worst you can lose is 5 Quid and and good lesson is worth that. On the good side many folks on your side of the pond know little about Vams and you may have better picking over there and have a better up side.

My niece is at Lakenheath over in your land, things over there are cheaper compared to the same type antique sold here. Its just a little different market, find the gap between the 2 and you have a good investment