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 Replies: 28 / Views: 3,105 |
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Valued Member
United States
245 Posts |
I'm just getting into coins and have recently purchased an 81o that looks really nice to my eye but not graded. I didn't give much for it and think it was a nice pickup. My dad recently gave me an 78s graded ms 63 from ngc and the 81o looks as good or better. Anyway, what Morgan dollar makes sense to chase and what grade with that kind of money? Would I be better off chasing several different ms coins in the series? I don't even know what my goals are with this really. I'm into collecting silver and gold bullion because I want to be in the game next time it gets froggy! |
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Pillar of the Community
United States
2233 Posts |
Try finding some CCs in GSA holders. I think they are sleepers.
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Bedrock of the Community
United States
94367 Posts |
 I would suggest that you study Morgans carefully, if that's the series you're interested in, and not spend a dollar until you're sure what you want. Taking blind advice from members of this forum is not a good approach to building a collection. Knowledge first!  |
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Pillar of the Community
United States
4469 Posts |
 Coinfrogs advise will serve you well to follow. When you do make your decision, stay away from common dates and problem coins. |
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Bedrock of the Community
Australia
21788 Posts |
TCMD75: to the CCF! Coinfrog's advice is correct. At that level of investment understand the coins that you are interested in, and their market first. I would get a slabbed rare Morgan (probably a CC), rather than a slabbed high grade Morgan for the same money. |
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Rest in Peace
United States
10625 Posts |
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Pillar of the Community
United States
2815 Posts |
Morgans are so much fun to read about and study. Please pick up A Guide Book of Morgan silver dollars by Q. David Bowers. Awesome stuff. Read this for a while and then you'll be able to make a better decision about which Morgan(s) to buy. I wish I would have done this more carefully when I started collecting. I just kind of jumped in, but I only regret a few purchases. Good luck. |
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Pillar of the Community
United States
711 Posts |
Agree with the Carson City GSA recommendation. Everybody that collects US coins should have at least one. |
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Valued Member
 United States
245 Posts |
Darth Morgan,
I bought that book last week and have browsed through it. It's a fantastic looking book so far. I am looking at CC pieces and will probably spend my money in that direction.
I've got a ton to learn regarding Morgans, I realized that after I bought the 81o from an older gentleman on a roadside flea market in Western KY. He's got a nice collection and I'm going back over there soon.
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Pillar of the Community
United States
7390 Posts |
For that money if you want a cc I'd go with a problem free VF35 or xf40 1889cc. It's the king of Carson City morgans
Edited by Cascade
08/18/2015 6:39 pm
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Bedrock of the Community
United States
12057 Posts |
High grade DMPL in a PCGS or NGC holder, MS65 or MS66 preferably.
You could also acquire an 1893-S in Good for $1500 or a bit more, a very popular and famous coin which is always in demand.
1879-CC, and any 1889 to 1893 CC are always a good bet.
My own personal MM preference for strike quality on Morgans is Philadelphia -> San Fran -> CC -> New Orleans, in that order. I don't like the 1921 designs, hence no D in that list.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Valued Member
United States
245 Posts |
Calzonemaniac,
I looked up the GSA coins and they have a neat story. Why do you think they are sleepers? I saw one in my LCS Saturday, thinking of picking it up tomorrow.
Edited by TMCD75
08/18/2015 8:32 pm
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CCF Sponsor
United States
702 Posts |
This is the perfect combination of making a huge mistake... It's exciting to go out and spend money on a great coin BUT a little bit of knowledge can be a very dangerous thing. Especially when combined with this kind of budget. There are lots of fakes and forgers, not just of coins but of slabs. Do yourself a favor and start slowly. Spend some time reading. I know you're not going to listen to this advice, so spending money at the LCS is probably the safest thing to do if you know them well enough I suppose. The thing about collecting coins is - you think you have a great deal in front of you, you fall in love with a coin and you get it only to find it was a mistake and then hate it, or you don't get it and suddenly right around the corner is an even better deal. Patience is king. Use the down time to learn and go slowly. I wouldn't spend that wad all in one place, I'd start with a smaller coin or coins to help in your learning, and get a book or two. Just my Two Cents! Tink a tink. |
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Rest in Peace
United States
18456 Posts |
that's a hefty budget that you want to spend. If you want to throw it on a Morgan dollar then go to a reputable dealer who has been in business for at least 20 years. go strictly with a certified slabbed coin from PCGS OR NGC. stay away from bargains, and such. "you get what you pay for". But homework first ! |
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Moderator
 United States
23522 Posts |
There are so many possible different "right" answers to this question that you can also consider the additional qualifier of only buying stuff you like. Now, go learn what you like first. |
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Valued Member
United States
245 Posts |
I was just thinking of getting a really nice CC coin to be honest. I realize some years are rare versus common years. I've walked into three different coin shops recently with the intent of buying a nice Morgan but chickened out and bought silver and gold bullion instead...figuring I couldn't make a mistake that route.
I'm trying to read that book I bought, mentioned above. The author clearly likes some way more than other, more common coins in the series. I guess a CC Morgan is a fairly safe bet. Maybe I'll wait until the Louisville coin show next month?
Edited by TMCD75
08/18/2015 9:12 pm
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Replies: 28 / Views: 3,105 |
Posted 08/18/2015 4:40 pm
