Morgans On Ebay

Oh, and any coin dealer would only give you say 40%-60% of buy value on a purchase with slightly more on a trade so there's really no margin to be had

The coins I got were all MS63 and prices were about 5%-10% below Red Book prices. I was looking for MS63 types for more common Morgans since I can get these coins for less that $100. Until I get all the common ones in MS63-64 I am probably not going to buy more expensive ones. This is just the way I do it. I got the ones I bought that were graded for 50-60 dollars. The ones for sale were slabbed and graded. This must be a real losing proposition for the seller. Perhaps I should try for slightly higher grade, but on ebay these will probably be slabbed as well. I could go on ebay right now and specify MS64 Morgans and 95% of coins would be slabbed I bet. Perhaps they get discount on grading due to larger numbers of coins to be graded. I can't understand why they would grade coins that are common and easily obtainable at LCS or shows. Is there any downside to just cracking the slabs and putting them in my Dansco book? I understand why collectors buy rare and expensive coins that are slabbed just to prove authenticity. I never really considered trying to put together a complete set of Morgans but somehow I now have nine of them. I am falling under the spell of these iconic coins. I know I am an unsophisticated collector and I just buy what I like.

So from selling point of view there is no advantage to selling slabbed coins over non-slabbed coins especially to a coin dealer who grades the coins according to his own ideas anyway? I like these MS63-64 Morgans because I am buying a mint silver coin over 100 years old for less than $75 bucks in most cases. Where can you find big silver coins in that condition for that price? If you bought Liberty Walking halfs in MS63 you would pay much more for even common ones I think. The Morgans are not all that much more expensive than early Silver Eagles in mint condition.

I read the chapters 13-15 from the Morgan dollar. That is a lot of information. I get that you can collect the coins in any form you wish. I go with collecting the common dates in MS63 and when I have them I will reconsider based on price. Unfortunately, price does matter to me. I will just collect them in the best condition I can afford. I am still collecting LSQ's and some other coins. I just particularly like the Morgans because so many are collectable in mint condition even if they are common. Even the more rare ones are there in mint if you can afford it.

We know a lot more about the extant quantity of Morgans than one may think. We have TPG Populations, an accurate accounting of the GSA sales, and a huge collector base actively seeking and learning about them. I can direct you to over three thousand individual auction results for 1893-S, and four thousand for 1889-CC (and nearly 20,000 for 1881-S, as an example). We *know* which issues - most of them - aren't worth $75 in MS63. Keep in mind, Chapters 13-15 in the Morgan and Peace Encyclopedia were written forty years ago, and we've come a distance since. Yes, we lack specific precise numbers, but we've got a pretty good idea of commonality for every issue in every grade. Only the VAMs are still being counted.

Hey, they're your coins now. If your like albums crack em out. Only exception would be high dollar coins or coins who's authenticity is questionable out of a slab. I use bolt cutters you would think it's overkill but they work like a hot knife through butter with minimal if any cracking of the center coin area

Oh and there are companies who will insure anything you like. I think Taylor Swifts legs are insured for 40 million

When it comes to Morgans, just ask yourself this question: "Is there a market for 50,000 of these 1881-S's in MS63 slabs when anybody can afford a nice 65?" The only sane answer is, "Um, no."

This is the general skepticism with which it is appropriate to look at slabbed Morgans, especially if you're personally comfortable with authenticity and planning on holding for the long term (the weight of your collection alone at that point being the best argument for individual authenticity). A certain small plurality remain preferable in slabs, like any issue.

Free the Cartwheels.