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Trying To Complete A Morgan Set

 
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Pillar of the Community

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1450 Posts
 Posted 10/15/2017  1:23 pm Show Profile   Bookmark this topic Add terry8835 to your friends list Get a Link to this Message

I need five Morgans to fill my set which is mostly AU to MS64 (common dates). If I filled most with EF coins and some with VF I could probably do it, but then the continuity of my set is off and looks like what it would be.....a compromise. Is this advisable?
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 Posted 10/15/2017  1:28 pm  Show Profile   Bookmark this reply Add Coconutjoe to your friends list Get a Link to this Reply
Some of the low mintage Morgans are very expensive.

I would not worry about "continuity" of the looks, rather completing the set and feeling good about it.

Just my humble opinion.

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7234 Posts
 Posted 10/15/2017  1:44 pm  Show Profile   Bookmark this reply Add Mark1959 to your friends list Get a Link to this Reply
Fill now - upgrade later.
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United States
9083 Posts
 Posted 10/15/2017  1:59 pm  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
I'm slowly working on a complete set in the Dansco 2 volume albums and I'm going after all coins in circulated condition to keep the cost somewhat reasonable while maintaining aesthetic consistency. I'm not a fan of seeing a G04 coin next to an MS64. My twist to keep it interesting for me is searching out list VAMs including the WOW list to fill as many spots as possible.
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 Posted 10/15/2017  3:28 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
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United States
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 Posted 10/15/2017  5:32 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
The 89CC, 93S, and 94 are expensive in all grades, and not affordable to the average collector in AU+ condition. Set a minimum grade that you would be happy with and complete the set. The goal should be to buy a coin that is high end for the grade you select. The Heritage Auction is an excellent place to buy these expensive key dates.

When I bought my 1893 S VF30 Morgan in 2014, I had buyer's remorse for about 6 months simply because of the cost.
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 Posted 10/15/2017  5:59 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
Coins that you love, regardless of grade, is what you should always shoot for. If you are happy with the lower grades, buy them.
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 Posted 10/16/2017  10:09 am  Show Profile   Bookmark this reply Add terry8835 to your friends list Get a Link to this Reply
The rare ones I will probably just go for VF grade. No "G" grades or I just leave them vacant. There are about half of the ones I want I could get in AU but the 93-S, 95 and 89CC there is no chance that I will spend that sort of money unless I knew the coins would appreciate before I turn up my toes. I can buy stock which pays 9% dividend. No coin will do that except you just have to love them. I like them but not in love. They are works of art, but even art has a price.
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 Posted 10/16/2017  10:32 am  Show Profile   Bookmark this reply Add Coin_Operator to your friends list Get a Link to this Reply
I'm in a similar boat. I have found that I am willing to take lesser grade when it starts to get cost prohibitive. I do this because I love it, not because I expect to make a profit. I tried to get an MS/AU Peace dollar set, but realized I need to go XF/VF to make it affordable.

I'll always try to get the best value for my money but know the deeper I get into it, the more expensive it is. I may never finish my Morgan collection, but such is life. I enjoy looking and trying to find a good fit that doesn't break the bank!

Best of luck!
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 Posted 10/16/2017  2:47 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I need five Morgans to fill my set which is mostly AU to MS64 (common dates). If I filled most with EF coins and some with VF I could probably do it, but then the continuity of my set is off and looks like what it would be.....a compromise. Is this advisable?
If the alternative is a hole that is never filled, then yes, it is advisable. Not everyone will agree though. For me, an empty hole looks worse than an in-budget filler.
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 Posted 10/16/2017  5:04 pm  Show Profile   Bookmark this reply Add terry8835 to your friends list Get a Link to this Reply
When I started collecting the SLQ's and Morgans I jumped the gun because they have coins that are just so expensive that it tends to drain away from other sets I want to complete or even just cherry pick. What is funny is when I show some non-collector friend of mine a nearly complete set of Morgans they are bowled over because so many common ones are easy to get in MS64. I have quite a few where I have the actual coin in a slab and the hole filled with a shiny 1921. I really would advise starting collectors to fill easier sets first and save the SOB's until they learn more. Peace dollars are a perfect set to start and Buffalo nickels as well. I have made all the mistakes possible, but I always learn the hard way where money is concerned.
The Pros say to buy the scarce coins first because those will appreciate fastest if at all. I did not get into to make money, but when you spend $2000 on a coin you begin to think and buyer's remorse sets in for me to some extent. The first "expensive" coin I bought was a 1923-S LSQ in EF condition. I paid well over $1000 for that coin and I really thought I had lost my mind. Anyone else ever get those twinges?
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 Posted 10/16/2017  5:09 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Expensive? I have never cracked the $200 mark for a single coin.

I twinged all eight times that I managed to cross the $100 barrier!
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United States
858 Posts
 Posted 10/16/2017  7:05 pm  Show Profile   Bookmark this reply Add thecoinguy1964 to your friends list Get a Link to this Reply
If you can afford a complete set of Morgans in MS, who the heck cares what others think? I couldn't even come close to completing such a set even 15 years back, when I was filling mine, mucho dinero! Best of luck.
"When a strong man, fully armed, guards his house, his possessions are safe."
- Luke 11:21
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 Posted 10/17/2017  4:59 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
Expensive? I have never cracked the $200 mark for a single coin.

I twinged all eight times that I managed to cross the $100 barrier!


Heh. My collection consists completely of coins whose price didn't exceed $100.

And one single coin I spent almost a thousand on.
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 Posted 10/17/2017  5:20 pm  Show Profile   Bookmark this reply Add duncanbishop24 to your friends list Get a Link to this Reply
I would say just fill it with what you like. Nothing wrong with a continuity break in my opinion. It may look different, but if you get nice coins with good eye appeal, they'll look great even if they're not MS/BU
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 Posted 10/17/2017  5:38 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
SuperDave - C'mon, you gotta tell us what that coin is!
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