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 Replies: 11 / Views: 1,472 |
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New Member
23 Posts |
I've been a collector for most of my life and now that I'm in college I want to start a new collection. At home I have a pretty broad selection and I want to start something more specific here. I like all 3 designs but I'm looking for opinions on what will hold or gain it's value best in the future. Should I go with one of those 3 silver coins or save my money and get gold? If so, which gold coins would be best? So basically, I have 3 questions: Silver or Gold? If silver: Morgans, Peace, or Barber halves? If gold: which? Thanks |
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Pillar of the Community
United States
1510 Posts |
Morgans or Barbers--If I had to pick--Id go Morgans-- I love em
Retired USAF 1983-2003
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Valued Member
United States
264 Posts |
TPG certified Morgan dollars graded MS-65 and higher (preferably PCGS but also NGC. The higher grade Carson city Morgans have performed well in the past. The reason I say Morgans over Peace dollars is the pool of collectors is much larger.
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New Member
 23 Posts |
Well, if I was going solely on personal preference, I'd go Barber, Peace, Morgan. But I just need to know if there will be any design that holds or gains value the best in the future or if they're all basically the same.
Edit: Good to know, thanks Landon.
Edited by Axecutioner
02/13/2012 5:32 pm
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Valued Member
United States
162 Posts |
You can't really know if one set will appreciate more than the other. If you want to collect, buy what you like. If you only want to invest, focus on individual coins, not series.
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Pillar of the Community
United States
3486 Posts |
Gold or silver? That is a question that invites much spirited debate and I do not want to participate. But I'd like to put in a word about Barber halves. They were not saved. Blimminy, that was big money back in the day. They were SPENT! So, a decent Barber Half in VF or EX is tough to find. If it is the least little bit a low mintage date it is downright NEXT TO IMPOSSIBLE to find! TONS of well worn halves are easy to find, but NOT the nicer ones. So, as you explore the Dollars, do not overlook the rare opportunity to obtain a few of these halves. They will not appear often. Do not make it a goal. Just a ... what to call it ... an opportunity and nothing more. Edited by matthewvincent
02/13/2012 6:54 pm
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Valued Member
United States
256 Posts |
I like all those series mentioned but Barbers would probably the most challenging (may have many that disagree) Just yesterday I compared coin prices from 1983 to the current and boy did Morgans shoot up in the MS65 range! And like others said, the pool is much larger. I've been buying a little of everything, just trying to buy the nicest keys I can afford. A coin dealer I was at the other day actually told me to stay away from gold.
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Bedrock of the Community
United States
14454 Posts |
man I don't think you could go wrong with any of those options you listed. I do not know much about Gold but if I were to start collecting Gold I would sit down and figure out what classic series I could get closest to spot and then chose from those designs which one I liked best and probably start there. The only silver coin that you listed that I really do not care for all that much is the Peace dollar . I think they are ugly, but allot of other people disagree and that is fine, if you like the design I would say that would be a good option for you. No matter what you decide I would choose a design that I found appealing and collect those types of coins. That way you can enjoy looking at them while you collect them. So there really is no wrong answer to this question just as there is no right answer, it is all depending on you on what is the best one for you to start collecting |
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Valued Member
United States
292 Posts |
Here's something that semi-relates to this topic which I've had rolling around in my head for a while.
I think some of the Morgan "interest" is due to the old westerns. I'm no expert and I welcome corrections but it seems westerns really thrived in the 60's-70's (50-60 years ago). I think it's safe to assume that most high end collectors are either at the top of their career or retired with a nice nest egg meaning they have money to spend on the good stuff. If those two things correlate then you have good demand. If that demand softens as the baby boomers leave us will the Morgan value soften as well? Will the market be flooded (read: supply exceeding demand) as their collections of Morgans are sold off after they pass?
Back on topic...are you investing based on intrinsic value (silver/gold content) or numismatic value (collectible)? When you say you want something more "specific" to collect that says numismatic but then you say gold or silver which says intrinsic.
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Valued Member
United States
206 Posts |
Definitely $5 gold Indians
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Bedrock of the Community
United States
14454 Posts |
Quote:
If that demand softens as the baby boomers leave us will the Morgan value soften as well? Will the market be flooded (read: supply exceeding demand) as their collections of Morgans are sold off after they pass? I don't think any one generation has anything to do with the Morgan Market, there are just as many young people collecting Morgans as there are in the baby boomer generation. I know they called us the "Generation X" and I know allot of guys my age or younger that collects Morgans. Most collect by variety, where the ones thats been at it allot longer have real nice coins in their collections and may not care about what variety they are but they are all still Morgans |
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Valued Member
United States
291 Posts |
It might help if you told us your budget and your goals? Obviously MS65 Barber halves at $2,500+ a pop are harder to come by than MS65 Morgans at $250 apiece. As for gold, you must have a lot more discretionary income than I did in college. That said, if you are a trust fund baby with an extra $2,500 per month to put towards your collection, then you can put together a Saint collection in MS65 (with a few exceptions), because the premiums over spot have nearly disappeared. Edited by usc96
02/14/2012 08:25 am
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Replies: 11 / Views: 1,472 |
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Posted 02/13/2012 5:15 pm
