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 Replies: 12 / Views: 1,724 |
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Pillar of the Community
United States
919 Posts |
Doing a little shopping and noticed there are PCGS MS70 ASE's being offered for about the same as PCGS MS63 Morgan commons. Both are around the $58-$60 range. So that got me to thinking which has a better chance of appreciating. Any thoughts from those that have been here longer then me and witnessed what happened when silver fell to $10 and ran to $40? |
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Previously Banned Member
78 Posts |
Some say slabbed bullion is a nonsense. That being said I buy all the new world issues as they release in PCGS MS70 so what do I know. As for the Morgans I would try to stay above the MS64 level on common dates. They are readily available on ebay for around $65-$80. |
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Pillar of the Community
United States
1554 Posts |
Yes, I will say, slabbed bullion IS nonsense! Buy common Morgans at MS65 or above.
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Bedrock of the Community
13014 Posts |
Between the two the MS70 probably have a better chance of appreciating. The MS 63 common morgans are very common and theyve already had 100 plus years to appreciate and really havent gotten a whole lot over their melt value in that time.
Really flip a coin with the given choices. It could go either way
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Pillar of the Community
Canada
2805 Posts |
I always thought the current craze in MS70 was pretty unstable, but what do I know? Canadian grades always try their best to be as picky as American ones, but they're usually more relaxed (marvel at my wondrous labeled-in-America "F-16" IHC!). I assume it comes from having only one very reliable TPG (ICCS) - MS-65 is basically their top grade, because the market is too small for more than one MS-66/67 classic coin, so these don't even make it into the price catalogs! All the enthusiasm for MS-70s is whatever we can rub off of the American market. |
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Pillar of the Community
Japan
666 Posts |
other than pandas - slabbed bullion is a waste of money IMO
better buy high grade Morgans, of course if you are up to them because you like them
if you are up to metal - go with bullion
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Valued Member
United States
477 Posts |
Yep, I'd lean toward high grade Morgans too.
And slabbing bullion is a waste except for proof coins. This coming from a guy building a set of MS69 ASEs.
Rick
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Pillar of the Community
United States
1654 Posts |
Novelty bullion = Beanie Babies.
Slabbed novelty bullion = Beanie Baby with a tag protector.
Go with the real coin, tpg22.
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Pillar of the Community
Canada
1192 Posts |
Go with naked bullion. Slabbed bullion is a joke. Even PCGS used to be against the "perfect 70" grading of moderns, until they saw how much money/business they were losing to NGC. They changed their tune pretty fast.
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Pillar of the Community
United States
511 Posts |
If you have money to spend, buy plain old basic bullion. That means unslabbed silver Eagles and Maples and 90 percent. Get the most silver for your money.
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Pillar of the Community
United States
3670 Posts |
Hey Newibie I see the tools on ebay forking out huge premiums for 70z so if they gonna pay those high rates and you find them for a bit less, cant see how it will not be profitbale in long run.... Too each their own eh, but I say 63 Morgan all day. History and rareity low numbers in better shape, verses mass production even though limited 70z out there.... |
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Pillar of the Community
 United States
919 Posts |
Thanks to all. Interesting arguments on both sides. Also interesting that some collect 70 ASE's but recommend not to buy any. I have 10+ 63's, 64's in both Peace and Morgans. Maybe I will add a few 65's. |
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Valued Member
United States
337 Posts |
I would say buy some of both. It never hurts to diversify your collection. I just started collecting again and have Morgan's, peace, maples, ASE's, and some other silver currency. |
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Replies: 12 / Views: 1,724 |
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Posted 08/22/2013 8:13 pm
