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 Replies: 64 / Views: 10,852 |
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Pillar of the Community
Canada
4944 Posts |
Last night I was thinking about a set that I could put together, at some point (Not necessarily right now). I have always liked Morgan dollars, but doing a full Date/MM set can get very pricey, very quickly. Two dates that I have always liked for the Morgan dollar, are the 1880-S and 1881-S. Both dates are generally, very well struck and can be purchased for well under $1,000 in MS-67 ($650 According to Numismedia). My idea for a set (Let me know if this is already a common set to put together. I couldn't find any information about a set like this) is to only collect 1 date, but have an example of each grade, up to MS-67. (Technically, the set could go to MS-69. But I don't have $40,000 to spend on a single coin, and MS-68's are over $4,000.) The set could also include PL, and DMPL coins, up to a certain price point. P-01, FR-02, AG-03, G-04, G-06, VG-08, VG-10, F-12, F-15, VF-20, VF-25, VF-30, VF-35, XF-40, XF-45, AU-50, AU-53, AU-55, AU-58, MS-60, MS-61, MS-62, MS-63, MS-64, MS-65, MS-66, MS-67. So, in total without Prooflike, or DMPL coins there would be 26 coins in the set. (Or 41 With PL/DMPL coins.) What are your opinions on a set like this? Edited by Canadian-Banknotes
07/15/2017 11:54 pm
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Valued Member
United States
176 Posts |
Interesting, I have not heard of that before
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Moderator
 United States
23522 Posts |
It's actually not that uncommon. The interesting fact with Morgans is, the more common they are (for a given issue) in MS grade, the less-common you'll find them in lower circulated grade, and vice versa. It'll be a task, when you think about it. Ash Harrison has built a Grading Set of 1888-O VAM-4 "Hot Lips" coins, from P01 through MS61 (the Top Pop example). That's just silly.  |
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Pillar of the Community
 Canada
4944 Posts |
Quote:
It's actually not that uncommon. The interesting fact with Morgans is, the more common they are (for a given issue) in MS grade, the less-common you'll find them in lower circulated grade, and vice versa. It'll be a task, when you think about it. You have a good point. I just did a search for Fine, and Very Fine 1881-S Morgans on ebay... I couldn't find any. Quote:
Ash Harrison has built a Grading Set of 1888-O VAM-4 "Hot Lips" coins, from P01 through MS61 (the Top Pop example). That's just silly. Wow, I would love to see that set. |
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Valued Member
United States
344 Posts |
Interesting concept. I thought about collecting every coin made in a specific year - namely 100 years before I was born. Never thought about one coin in most of the grades.
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Pillar of the Community
United States
531 Posts |
That would make for a great Morgan set. As well as an interesting exhibt at a coin show. I am closing in on completing a grade set of 1864 Two Cent Pieces. |
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Pillar of the Community
Canada
4944 Posts |
Quote: I am closing in on completing a grade set of 1864 Two Cent Pieces. I would love to see pictures, when it's all finished. |
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Valued Member
United States
255 Posts |
Canadian -Banknotes - I think it is a great idea! Will you post pictures as you go?
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Bedrock of the Community
13014 Posts |
The grade set would be hard to do for sure but it is possible in a few of the dates, whether or not it fits your budget is a different story. Heres the pcgs population report for them you can look through if that helps http://www.pcgs.com/pop/detail.aspx?c=744&t=1 |
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Bedrock of the Community
United States
14454 Posts |
I actually started building a MS-64 date/mm graded set of Morgans when I first started collecting coins. I chose MS-64 because the price between 63 and 64 was pretty small on most of the coins but the price jump from 64 to 65 was quite a big jump. Of course this was before I had a discerning eye and after I started collecting for awhile I started selling off all the coins for VAM's and then started to try to make another set of MS-66 and above Morgans but it never really got off the ground except for a 79, 80 and 81-S in 67, and a few other common coins in 66. With me being on a fixed income I traded in some of the coins for some VAM's some dealers had in stock here and there so most of those are now gone as well. A date/mm set can be done on a budget if you are willing to go as low as an AU coin for some of them (which actually do not look out of place beside their MS counterparts if you choose them wisely) except for coins like the 1895 |
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Rest in Peace
United States
10625 Posts |
I'm actually thinking of doing a mid grade circulated set in my empty Danscos just to get a balanced look. I really don't care to see a VG coin next to an MS64. I just doesn't look right to me.
Bryan - I agree with your comment about a good AU Morgan. My 1891-O is an AU55 that was a very upper end strike quality and I can't justify paying more money for a flat MS coin. Thank you Q. David Bowers for the tip.
Edited by dave700x
10/11/2012 12:22 pm
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Pillar of the Community
Australia
4411 Posts |
Its a very interesting idea, one I had never heard of until now. That might be something i'll give a go for an Asutralian coin.
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Pillar of the Community
United States
2295 Posts |
That is really a very interesting idea, but very tough to do for a Morgan $, since they didn't circulate that well. I think you have a much better chance to pick a year for a half dollar or a quarter or lower denomination. Pick one with a large mintage and you shouldn't have too much of a problem, but getting into the really low or really high grades, might cause it to be impossible. You'd have to do hundreds of hours of research to find the perfect year for a single type/denomination. You could take a stab at it and guess, but years down the road, you might find it impossible to get certain grades (very low and/or very high).
I think you should give it a try, after some analysis work, and pick a much more circulating coin.
Edited by wquinn
10/11/2012 11:59 am
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Pillar of the Community
United States
3486 Posts |
My opinion is that you also make a plan "B."
This is insurance that should you fail in your original goal you would STILL have a nice grading set
(an idea that goes back years.) Also, you would gain more flexibility if, instead of a single date, that you
be willing to "settle" for an 1880 or an 1882. For the Morgans, pretty much all except the 1921 would work unless
there were minor design changes of which I am unaware.
If you are determined to do this for the Morgans, then by all means go for it.
I would not want you to be frustrated if the search runs dry. Thus my suggestions.
Also, the education that you get from this exercise would be priceless.
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Pillar of the Community
United States
3184 Posts |
these grade sets are really cool and can help one learn how to grade pretty well. Hope you do it! I know someone that did this with the 1908s Indian Head cent |
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Pillar of the Community
United States
620 Posts |
In most of my sets not all I have done something like this. I go drom G-04 up to the highest MS I can afford most often MS-64 or 65. I did this with Barber Halfs and with Mercury dimes. Ina nice alnum I think its great to be able to see the differant grades and how being in circulation changed the looks of the coins. I think you will be happy with a set as you described. |
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Replies: 64 / Views: 10,852 |
Posted 10/10/2012 3:06 pm
