| Author |
 Replies: 14 / Views: 2,030 |
|
|
Valued Member
United States
308 Posts |
I got around $500 to spend (invest) on a coin. Would really love to own a CC Morgan dollar. Any advice or suggestions on yr or type. I would like to get something that's been graded. I'm not good at grading Morgans but I can recognize a good, desirable coin when I see one and I'm willing to be patient. If I'm patient long enough maybe I can save more to spend more. I'll probably want to sell in 5 to 6 yrs and of course I'd like it to hold its value to the best of its ability. Again any suggestions? Sorry about rambling on too much |
|
|
|
Rest in Peace
United States
10625 Posts |
If you are going for a CC Morgan, I would opt for a nice 78 CC. You should be able to get a nice MS63 for that money. The other choices are MS65 1882, 1883 or 1884. Given this category I would look for a 1882 CC VAM2. But that's just me.  |
|
Valued Member
 United States
308 Posts |
78 is the first yr, arnt they more expensive. I'll look up the 82's with vam2. Not big on VAM's. Is that a rare one? Thanks, VAM world, here I come! |
|
Valued Member
United States
308 Posts |
Very interesting the VAM 2. Wondering why that one. Not sure I like the filled CC. Do these usually go for a more premium price? |
|
New Member
United States
16 Posts |
This is just me, but I would rather get a higher grade, more commonly minted coin for the same price as your average MS-63 CC. Maybe a MS-65 1888-O or a nice deal on a MS-66 1921.
Do you prefer a low grade, low mintage CC or the opposite?
|
|
Valued Member
United States
71 Posts |
My thoughts, Any nice 1878 Morgan, 1879S with the Reverse of 1878, 1887/6, any MS 1890CC, 1891CC, 1900 O/CC. I would also look at a nice 1921 Peace dollar. |
|
Valued Member
United States
116 Posts |
If it were me, I'd go with a CC mint. There's just such an interesting history behind the Comstock load and I love coins minted in Carson City.
|
|
Pillar of the Community
United States
5825 Posts |
Quote:
I got around $500 to spend (invest) on a coin. ... I'll probably want to sell in 5 to 6 yrs and of course I'd like it to hold its value to the best of its ability. Again any suggestions? Sorry about rambling on too much First, you don't invest in coins; you collect coins. You invest in bullion. Most coins don't increase much in value over the short term (your 5-6 year time frame). This is particularly true if you add in inflation. |
|
Valued Member
United States
308 Posts |
I have a ANACS MS-62 1921 Peace dollar. I would love to own a CC morgan, like jardins said. Its the history and I want to add (beauty of the coin). I guess I think of my collection more as a savings more than an investment. |
|
Pillar of the Community
United States
4337 Posts |
Quote:
First, you don't invest in coins; you collect coins. I invest in coins. I own a multitude of coins for pure investment purposes and know plenty of people that do the same. I hold no emotional ties to these coins and plan one day sell them for a profit. I do agree that only select coins will actually give a return worthy of being called an investment after a 5 to 7 year period. Spud, you'll either hold your money in a coin and get back pretty much what you paid less inflation unless you buy a rare date in a scarce grade with the particular specimen being a real standout when compared to its population. And holding your money for 5 years while always enjoying what you look at when you take it out for some love is more than okay. |
|
Moderator
 United States
23522 Posts |
At this price point, there is no reason why you cannot consider investment value as one of the prerequisites. However, your aim is not to buy something which will appreciate over time - that's too iffy to count on - but something which would be easily liquid even in a down market. Carson City Morgans qualify. So, 1878-CC for one. By adding the cost of a case or two of beer to your $500, you can get a slabbed MS65. That would be my first choice, as it has the cachet of first-year issue. Beyond that, buy the highest grade you can obtain in whatever year you choose. Some issues (1879, for instance) can't be had in Mint State for that number; avoid them. Others can be had in 65; I lean towards avoiding them (aside 1878) as well because they're pretty common on the ground. Call that 1882, 1883 and 1884. |
|
Pillar of the Community
United States
1554 Posts |
Coins as investments are a crapshoot at best.
|
|
Bedrock of the Community
United States
20753 Posts |
Best thing to do is find a coin show. Then go there and just look all over the place. You might find you would rather have a Shield nickel, Mercury dime, Large Cent, etc. There are so many coins on display at a decent coin show that you might decide to go with something completely different. The bad thing about requesting suggestions is if and when you do something based on someone's opinion or suggestion, and it turns out all wrong, it's still you that is the one that is all wrong. |
|
Pillar of the Community
United States
3843 Posts |
In this price range I'd suggest that you only look at PCGS/NGC graded coins if you are confident in your grading abilities.
|
|
Valued Member
United States
308 Posts |
Great advice eveyone! Thanks! And I so agree with you dsfreeworld! Well said. I'm looking at all times, maybe I'll post a new coin in near future!
|
| |
Replies: 14 / Views: 2,030 |
|
Posted 03/10/2014 10:36 pm
