Coin Community Family of Web Sites
Like us on Facebook! Subscribe to our Youtube Channel! Check out our Twitter! Check out our Pinterest!
Username:
Password:
Save Password
Forgot your Password?

Welcome Guest! Need help? Got a question? Inherit some coins?
Our coin forum is completely free! Register Now!

Putting A Circulated Morgan Collection Together What Investments Is Needed?

 
To participate in the forum you must log in or register.
Author Previous Topic Topic Next Topic  
Valued Member
United States
56 Posts
 Posted 01/19/2020  5:36 pm Show Profile   Bookmark this topic Add Dynotech to your friends list Get a Link to this Message
Hello CC,

I am well on my way to completing a Morgan collection. What checklist I am using is coping the Morgan dansco list into two blank danscos. It is 96 ports.

I am already close to 3K and still need some major dates like:

1881-cc
1885cc
1889cc
1893s (almost half the cost right there)
1893p
1895p (pipe dream coin to be honest)
1895s


Besides these I have 9 others for the set. If I get all of these hard dates and in vf20 or above I am looking at a total investment of about 14K.

If I hold these for five years I hope to break even and will take to a trusted dealer to appraise so I have a note to those I leave it too knowledge of what its worth.

I plan to do this to all my alumns, most will be just face value stuff but I hope to inspire the ones I leave it to to get involved with the history.

I know I am asking for crystal ball stuff here but hae always heard, start with the most expensive as they tend to always go up in value as time goes on. And no I don't do it that way but want to make it a significant inheritance or sell it myself in 10 years.


Thanks,
Dyno
Pillar of the Community
United States
6446 Posts
 Posted 01/19/2020  5:40 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
As we say to anyone who comes in the shop. We can't predict the future. Buy coins because you like or love them, not only for investment purposes. Also, key dates trend up and down over the years, there is no consistent raise in price. For example, the S-VDB Wheat cent has gradually declined in value over the last few decades. While the 1895 Morgan has gone up in price. It's all up to the market at that time.
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Type Set: http://goccf.com/t/359443&whichpage=1
If you want to buy something or sell something or just talk, shoot me a PM!
Valued Member
United States
56 Posts
 Posted 01/19/2020  5:57 pm  Show Profile   Bookmark this reply Add Dynotech to your friends list Get a Link to this Reply
Thanks

Yea I know this coin thing is not about investing. I am more concerned about who I may leave it too to make sure they understand to get the most value. So I started notes and adding cards to albumns for that purpose anyways.
Pillar of the Community
United States
691 Posts
 Posted 01/19/2020  7:31 pm  Show Profile   Bookmark this reply Add NDBirdman to your friends list Get a Link to this Reply
Takes a lot of patience to put together a set. Some will never hit my collection, I'd rather buy a new truck/camper/house/tools/toys, etc for the cost of some of these coins... LOL but we can always dream!

Rookie with bad eyes, take what I say with a grain of salt and call an expert in the morning!
Pillar of the Community
United States
1402 Posts
 Posted 01/21/2020  10:06 am  Show Profile   Bookmark this reply Add Steelers72 to your friends list Get a Link to this Reply
My biggest piece of advice is buy quality. Buy the best quality coin you can afford based on your budget. If you foresee your budget changing, it's best to hold off until you could afford the best quality piece for your money. Don't settle for a lesser coin just because you want to spend your coin budget right away.

This hobby gets very expensive when you find yourself needing to constantly sell as you make upgrades.

It may not answer your question, but this is advice I needed to hear early when I started collecting. Best of luck
  Previous Topic Topic Next Topic  
 
To participate in the forum you must log in or register.

Coin Community Member eBay Sales

Certified Coins   Certified VAMs   Certified Errors  




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2020 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2020 Coin Community Forums
It took 1.25 seconds to rattle this change. Powered By: Snitz Forums 2000 Version 3.4.05