Nice Dollar For $41 Bux....

It'll be a LONG time before you see silver back at 30 an oz.

I don't like the pictures. They seem to be hiding something, like wear or a cleaning.

rynegold, if you are buying silver to invest in, I would recommend buying silver rounds at a low overhead above spot; Morgan dollars have lots of numismatic value and their total value tends to float over silver spot and is almost a buffer against the fluctuating silver value.

That is, despite the rise and fall of silver prices, the value of the Morgan dollar stays fairly constant. Right now, that price is about $25-27 a pop for a lightly circulated common date, and maybe $20 for a 1921.

That said, if the morgan you bought is truly uncirculated, you have made an ok-good deal. However, if it has problems or is worn, I would have to say you overpaid. Nonetheless, in the realms of collecting, all that matters is that you like the coin.

If you want to be both a silver investor and a coin collector, I believe you should buy silver bars/rounds for investing and Morgan dollars for collecting. If/when there is a rise in silver value, don't expect your Morgans to do better than the silver bars %age wise.

Looks uncirculated, however looks dipped. Like, too much.

IMO - I think this coin is commercial UNC -(really an AU or over dipped Morgan), $41.00 may have been an optimistic price, but not overboard.

Not to derail the coin comments but on the silver front...

Here is a really interesting article on JP Morgan's massive accumulation of physical silver lately. I found it a fascinating read.

http://seekingalpha.com/article/310...r-in-history

No more or less than any other Morgan. And this one is not as pristine as it looks; you have to take in all of the seller's pics to see its' problems. I have it as an AU/Commercial UNC as westcoin described it. That doesn't mean it's an undesirable coin or necessarily surface-stripped or not worth the money, just that it's not exactly MS65. The smooth look is from a bit of circulation.

Judgment is reserved until the OP has the coin in-hand and a few pics to compare with.

Ya know for $41 bucks, it probably is a good buy. BUT, there's no way the coin will look as good as it does in the pics. Hardly a mark visible and we all know that's not the case. The no luster factor has already been covered. Yeah, if you want silver, just buy silver. APMEX had a great deal last week, ASEs at $1.89 over spot. I was all full up or woulda pounced.

just wait until a lot more people are buying houses, and hope to god that something like 2008 happens if silver is ever going to make it to $30 a troy oz.