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 Replies: 10 / Views: 1,558 |
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Valued Member
United States
305 Posts |
Poll Question
I was looking through my Morgans and found 2 infrequently reeded Morgans. They are most likely R4. I looked them up on ebay and saw that they were only selling for $38.00  . What do you think:
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Bedrock of the Community
United States
14454 Posts |
Being a VAMmer myself I think its worthwhile even if it isn't from a financial view. It allows you to learn about the minting process and how the dies progressed with use. There are ALLOT of VAM's that add no value to the coin but there are some that can add many many times the value. One example is the VAM-44, a XF 1878 7/8 TF Morgan would be worth less than 100.00 (way less at times) but if you have a VAM-44 in XF condition it would be worth a couple thousand dollars. So it may not pay off in value with each coin but when it does it can pay off big. I don't do it for financial reasons myself so its hard to give a financial opinion. I can understand that big dealers that handle thousands and thousands of Morgans each month can't sit there and attribute each Morgan that comes across their desk but those are the dealers I like to visit not only for the sheer volume of coins I get to look in all kinds of conditions but also for cherrypicking |
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Moderator
 United States
23522 Posts |
That depends on your definition of "worth." A large plurality of all coin collectors do their collecting by variety; every coin issued has varieties identified to one extent or another, and those who collect by variety are always going to be in the market for those varieties, whether at a premium or not.
To expand slightly on Bryan's words: All issues will not see premiums for a majority of the known varieties. Either they're common in general; common in the grade; or subject to insufficient demand. But the very worst you'll ever end up with, in a coin you're attributed, is a locked-in additional buyer demographic when it comes time to flip that coin.
It's worth it for me, and that's all I care about.
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Rest in Peace
United States
10625 Posts |
Morgan dollars are all I collect at the moment. I'm currently working on a couple of chase sets although the VAM well has been a bit dry lately for me. Are they worth it? Heck yeah!
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Bedrock of the Community
United States
14454 Posts |
I Looked to see who voted and it looks like the OP voted on his own poll and since the poll was worded the way it was I am guessing he is the only one so far that has voted "No" on the poll. I probably would have just gave my opinion in my post and left the poll voting to everyone else
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Valued Member
United States
70 Posts |
To people who purposely collect a VAM Morgan or Peace dollar, yes it is worth it. For those not as concerned with VAMs. hard to say. Would I buy a VAM Morgan? I probably would just to have one in my collection. |
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Valued Member
 United States
305 Posts |
Just to let everyone know, I voted YES so I could view other results. So Bryan, I am not the NO.
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Bedrock of the Community
United States
14454 Posts |
alright, when I saw you had voted and going by the post you made I just "assumed" you were the one that voted "no" and I am sure we all know what happens when you assume like I did, but I think we can leave out the "U" in that saying  |
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Valued Member
United States
123 Posts |
I'm not into the VAM thing. Is it worthwhile, sure. It's just not the thing for me. |
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Moderator
United States
23522 Posts |
I like how this is going. I've stated my opinion, so it's plain, but there's no rule - written or unwritten - that gives me the right to dictate what your choice is. That's numismatics in essence. Choose your path. There are plenty of paths, and each have an equally-righteous destination.
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Valued Member
United States
386 Posts |
I am new to collecting Morgans. It was not in my plan to start them at this time. However, the VAM is what attracted me. Since I am a novice collector of Large cents, the VAM structure is somewhat similar in how Large Cents are attributed. There is so much depth and history behind the coin if you use VAM for Morgans, EAC for coppers etc... From a personal level I love the VMA method because it really lets you get inside the period of when the coin was minted. From the financial side, it is always an advantage when you can go into a coin store, show or internet sale and know more about the coin than the person selling it. Knowing VAM will help. |
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Replies: 10 / Views: 1,558 |
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Posted 09/29/2012 5:28 pm
