How Morgans Appreciate

if they are common date in common grades then yes they will go up and down with the price of Silver. But this only applies when silver price outweighs the numismatic value. When Silver was at 4.00-5.00 an ounce you could get common Morgans in common condition for around 15 bucks. Now that silver has went up to where it is the price is tied to spot only and these coins carry no premium over spot

Common date Morgans will always be in plentiful supply in both circulated and uncirculated condition and prices are tied to the spot price of silver. The Morgan dollars that have the best potential for increasing in value are those issues which are very popular such as the Carson City issues except for the MS-60 - MS-64 1882, 1883, and 1884 dates which are so common their upward potential is limited. Those three years need to be at least MS-65 for investment purposes. The key dates will appreciate as well and those issues which are considered condition census, meaning rarely found in certain grades of mints state. I highly recommend this book if you are looking to buy Morgans for investment purposes A Guide Book of Morgan silver dollars, A Complete History and Price Guide by Q. David Bowers. Cover price is $19.95 but I'm sure it can be found new for less somewhere on the Internet.

Ed
ANA LM-3175

Is it reasonable to pay $75 to $80 for common date, PCGS, MS64 Morgans? (I paid 3x that amount for a 1882-CC the other day, same grade.)

I have many rolls of morgans bought before the current inflation, I remember when the commons went up to $15-$16 thinking that was to expensive...sigh..

I'm with ou on that one, philadelphian. Morgans are beautiful. I remember how a friend of my father's would give me one every once in a while. We didn't have a lot. And that act and that coin got into my soul.

Morgan values are clearly tied to silver prices for the common dates. As silver goes up, bid prices go up on Morgans. Another driver that is very cyclical is the telemarketing world. When they start selling graded Morgans the prices spike... when they are done, prices retreat. If you buying Morgans to collect, enjoy. If you are buying as an investment, be willing to sell when the telemarketers need coins.

Didn't mean to mispell your name, Windycity.

I think prices are low right now and $75-$80 is a terrific price for MS64 Morgans. Doubt it will go lower and could spike upwards short-term if the telemarketers get active. Long-term, as gold and silver prices increase, so will the value of MS64 Morgans. Go for it!