Going Silver

Hey Bud ,

I cant tell you to buy or where to cap your bid , but my suggestion is to research as much as you can , search past auctions and such ..

just to get an idea of whats selling for what ..

www.numismedia.com also has a good price guide , just click the collector prices on the left of the screen .

and I really would try to search past auctions on ebay just so you know how deep the water could get or if your safe at your set number ..

sry I'm not much help .
good luck on your decision .

\m/ phil \m/

GLad to help ,

Im my limited search I did see for your price range you mention you would be able to find a half decent "RAW" 1878 7 over 8 ... just be patient , but , not to patient and let the good one slip through your fingers ..

but please do your research and buy smart (if online ASK for clear photos if the listing sucks if they dont take time to get you proper photos dont waste your money) .. I like the going to a local shop thing just cause you can take your time and look it over .. but most times your paying TOP dollar at the shop .. but going and Looking at some will help so you know what to look for in certain grades and what not ...

again Best of luck , these morgans are a heavy addiction I'm currently sucked in myself (i posted my newest find on here if you look in the Vams section just look for my name for author lol)

Good luck :)
\m/ phil \m/

tatt2ed13, your refrence for the grade link is awsome! that does help me a lot. also, to what you mentioned early on about a coin dealer in person I may be paying for top dollar. I had a feeling that may be the case. I went in to a dealer today. I loved it in there but seem intimidated about prices. this place specialize in rare coins and precious metals. dont get me wrong, I will invest in coins but I'm a newbie.

-- -- --

Going to coin shows is really a good step .. you get comfortable with someone , sit down , talk over some coins , gives you priceless time to sit and soak in as much info as possible with hands on , visual's and all .

. Really good idea while learning .. Just make sure , if you do pick a guys brain for a few mins/or how ever long .. Its a nice gesture to purchase a coin from the Dealer for his/hers Knowledge . .. Just to keep good faith , what comes around goes around in this hobby

Best of luck , you made a good step joining CCF I might mention also

\m/ phil \m/

, latebloomer!

numismedia shows a retail of $113 for ms60 7/8.

ms60 means the crappiest looking coin that has no wear. I wouldn't invest in that grade, nor the variety.

There are many 7/8TF varieties, some worth more than normal and one worth stupid money. On the information provided, I'd be leery of jumping into that pool - this is an area where you'd do well acquiring knowledge of specific grading and variety. The coin you mention could be worth anything from $75 to $5000 or more, but at MS60 not a particularly attractive buy.

For me, MS63 is the point at which coins start looking nice-enough to be in the collection on visual merit. That $150 will buy almost any Morgan issue in MS63, if you shop judiciously.

As a variety collector, though, interest for me starts at the point where the variety becomes a conditional rarity, be that MS or circulated. If that's the direction you wish to go, you'll need a broader base of data to work from than if you're just collecting Morgans for their looks without concern for variety.

Either way, go become a member at Heritage Auctions - it's free - and access their huge database of past auction results. They have over 200,000 Morgan auction results archived alone. This will give you a good feel for both how TPG's grade coins, and what they're worth in real-world sales, which is the only acceptable measure of a coin's worth.

alright, I now have an account with heritage. I will look at the history of the buying. thank you once again all of you.