| Author |
 Replies: 8 / Views: 1,330 |
|
|
Valued Member
United States
196 Posts |
In my latest endeavor, I have been trying to put together the most complete set of Morgans, dates and MM, that I can afford. I have been moving along nicely and have tried to buy graded coins in MS64.
Now I don't ever plan on selling them, I love the coins and want to reach an unreachable goal, which will keep me going. However, when I eventually take the 'big dirt nap', my family will undoubtedly sell them, which is fine.
My question is, should I be striving for higher grades and maybe not getting as many coins? Would a more complete set of 64's be better than a smaller set of 65's?
Just looking for your thoughts
|
|
|
|
Valued Member
United States
114 Posts |
Why don't you have MS64 Coins that are otherwise unattainable in 65, and the rest in 65? God bless ya if you can afford some of the 6 figure amounts for a coin. :)
|
|
Pillar of the Community
United States
1554 Posts |
Higher grades are always the best choice for future gain, but, I wouldn't leave it up to your family to sell them. This question has been asked many times. Have a collector buddy in your will that can take care of the sale of them in regards to your untimely demise. But, back to your main question, the answer is ALWAYS....HIGHER GRADES!....good luck!
|
|
Bedrock of the Community
13014 Posts |
If youre trying to do them all and you can do them all in 64 I think your family will be pretty well off. Theres some brutal coins in the series. I do agree the highest grade is always better since theyre generally rarer. The thing I usually try and do is get over as many of the big price jumps as I can or at least the first one that gets it into that more special territory. For example take an 1884 cc, theres a steady price climb to 64 then takes a good jump to 65 and a bigger to 66. I like Morgans but they arent my favorite so 65 was good for me, if you have the means for a 66 though and really love the series I would go for that. After that the coin takes a huge price jump that could make it a hard sell. The 66 while high is still reasonable enough that a lot of people or maybe even type collectors would consider it.
Thats just from a financial point though. In the end enjoying it is also part of it and does carry value since money is all about making life enjoyable. If you enjoy having more dates in a 64 than fewer dates in a higher grade theres your answer
|
|
Moderator
 United States
23522 Posts |
There are some brutal Condition Rarities in the Morgan series, and examples of them in 64 will be simply out of your reach. We don't even need to talk about the 1893-S or 1889-CC, either. An 1884-S, for example, will set you back a 6-figure number in MS64 if you can find one. 1896-O is a 5-figure coin in 64, as is 1901.
So, at 64 you're likely going to be (for the most part) relatively common coins. In your shoes, I'd lean towards the highest grade you consider affordable for each coin you purchase. Sometimes, that will be MS66.
|
|
Valued Member
United States
331 Posts |
I could only dream of completing a set in all MS64. Nice goal though. As several have suggested its all in what you feel in your gut as the direction you go.
|
|
Bedrock of the Community
United States
17884 Posts |
If you can put together a complete date and mint Morgan set in MS-64, your family is probably already well off.  |
|
Valued Member
 United States
196 Posts |
Thanks for all the input. Like I said in the original post, 'I want to reach an unreachable goal'. There is no way I will ever complete the set, but love trying. I think it confirms what I was already thinking, going for 64's for the most part and slightly higher in the grades that allow.
By the way, there are very clear instructions in the Safety Deposit box on how to sell the collection down the road.
Thanks again.
|
|
Valued Member
United States
291 Posts |
I don't see why MS64 should be a bad goal for the common dates. As stated above, there are several rare dates that will cost as much as a house at that grade, but I don't see MS64 as a slacker set for the commons. I personally shoot for 64 and 65, with the occasional 63 in my PCGS Morgan set. I would rather complete the set, filling it with coins in the $100 range, than to break the bank. I'll save the big bucks for my type set and my sets of $10s and $20s. :-)
|
| |
Replies: 8 / Views: 1,330 |
|
Posted 08/06/2013 11:06 pm
