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The Commemorative Silver Dollars - Which Path, If Either?

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Lucky Cuss's Avatar
United States
4883 Posts
 Posted 07/30/2014  7:24 pm Show Profile   Bookmark this topic Add Lucky Cuss to your friends list Get a Link to this Message Number of Subscribers
I wouldn't be surprised if this has been asked before, but if you're at all collecting the modern commemorative silver dollars, would you be better off purchasing them certified or in the OGP?

I acknowledge slabbed coins would be easier to store, and there could be an upside to limiting yourself to MS70 and PF70 specimens. The downside would be that most of these coins are hardly ever less than MS69 or PF69 quality, so getting rhem slabbed in that grade hardly seems to be any big deal, particularly if they're more expensive that way.

These considerations all beg the larger question of whether collecting these is really at all a worthwhile (and by that I mean from a financial standpoint) pursuit, even in the long term, or whether you'd be better off putting a bit more money into classic Morgan and Peace dollars instead (which has largely been my inclination}.

I will admit that some of these issues are quite attractive, and when the price has been right, I've occasionally acquired some based upon their aesthetic qualities. I prefer the OGP, but sometimes you take 'em as you find 'em.

Your thoughts?

*** Moved by Staff to a more appropriate forum. ***
Colligo ergo sum
Edited by Lucky Cuss
07/30/2014 10:29 pm
Valued Member
mailman28's Avatar
United States
416 Posts
 Posted 07/30/2014  7:37 pm  Show Profile   Bookmark this reply Add mailman28 to your friends list Get a Link to this Reply
Like you I just buy the modern commemm's that I like. I'm not collecting the entire series. I prefer them OGP whenever possible. As far as grading, I don't see the point, as you say most are MS/PF 69. I understand why some people buy MS/PF 70 coins but I am not one of them. The price gap between perfect and so close to perfect you can't tell the difference 90% of the time is too much.
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Socal SilverHunter's Avatar
United States
183 Posts
 Posted 07/30/2014  8:31 pm  Show Profile   Bookmark this reply Add Socal SilverHunter to your friends list Get a Link to this Reply
I dont think i'll ever buy slabbed coins. I can't bring myself to pay for the plastic holder, just pay for the coin.

Also, if the SHTF, your junk silver is going to be more valuable than your "slabbed" coins. Just an opinion

Cheers!
CCF Master Historian of USA Commemoratives
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commems's Avatar
United States
12269 Posts
 Posted 07/31/2014  4:32 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
If your primary objective in collecting the coins of the modern US commemorative series would be for financial gain, I would suggest going in a different direction. The vast majority of the coins in the series have lost value vs. their issue price (especially when adjusted for inflation!) I would stick to only buying coins from the series that you particularly like or in which you have an interest.

Please note that I say that while being a collector who maintains a complete set of the modern commems. I collect them because I generally like the history behind each issue and I like the variety the set offers vs. filling "holes" with coins that look the same outside of a date or mint mark change. I don't look at my purchases as "investments" that I will sell if they go up in value.

I know some collectors prefer slabbed coins, but I maintain the coins in my set in their original capsules that I store in Lighthouse coin trays. I keep the boxes and COAs as well, but I store the coins in trays so that they are easier to examine when I need/want to - who wants to constantly open and close the OGP boxes? As you state, most of the coins are in MS/PF-69 when they come from the Mint, so graded and encapsulated coins don't offer much advantage (except for some issues in certified MS-70 grades).

Hope that helps!


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Hondo's Avatar
United States
1211 Posts
 Posted 07/31/2014  5:34 pm  Show Profile   Bookmark this reply Add Hondo to your friends list Get a Link to this Reply
I also collect the dollars and I prefer them in ogp.
The slabs seem kind of pointless to me since the coins are already well protected in the mint capsule and don't carry much premium when slabbed.

They are a fun series and you should only collect them if you enjoy owning them... Not a good "investment"
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welder's Avatar
United States
1037 Posts
 Posted 08/05/2014  5:26 pm  Show Profile   Bookmark this reply Add welder to your friends list Get a Link to this Reply
I prefer my commems to be in OGP also. From time to time I'll buy a pre-slabbed coin if the price is right. I have never submitted a coin for grading. For me it is the cost and that you cannot gaurantee the grade you'll receive for the coin is not worth the risk.
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