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 Replies: 26 / Views: 4,776 |
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Valued Member
United States
245 Posts |
Is it smart to invest in high end CC Morgans as an investment? I'm referring to expensive GSA coins, slabbed ms coins that are somewhat rare, key date coins that I may be willing to spend ten grand on, etc. Is this a good investment idea or just Looney?
I would probably set the ceiling at 10-12k, is that enough to buy a stunner that has appreciating ability? How long would it take to appreciate a reasonable amount? I'm 40 years old, what would a upper crust 5-8k coin be worth in ten years?
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Rest in Peace
United States
18456 Posts |
Some coin dealers claim they only sell collector coins, and that they don't sell coins for investment. I would go to a reputable dealer or major auction . but once you purchase a coin, there is no guarantees that it will increase in value for you to make the investment pay off. coins go up and down through out the years. none of us has a crystal ball.
Do you home work and try to find
price charts on CC Morgans through out the years. see what dates went up in value, and see which ones went down.
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Rest in Peace
United States
2668 Posts |
'Choose wisely', knight in Indiana Jones flick. Buy what you like, you will enjoy your choice.  Edited by Parklane64
09/04/2015 4:06 pm
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Bedrock of the Community
United States
94367 Posts |
Let me say with candor (and all honesty) that you do not appear to have enough knowledge and experience in coins to jump into this sort of thing with such a big splash. Like any investment, you should know your subject well before you start and keep yourself diversified as you build a portfolio. Otherwise, they will see you coming a mile away.  |
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Pillar of the Community
United States
4469 Posts |
 with Coin Frog Collect coins because you enjoy the hobby. Do not buy coins as a investment. Your coin collection should not be more than 10% to 15% of your portfolio. |
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Rest in Peace
United States
2668 Posts |
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Valued Member
 United States
245 Posts |
You guys are right, I'm scared to buy anything ungraded at this point. I've got some money to invest and coins seem good, I'll just keep studying.
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Pillar of the Community
United States
3210 Posts |
Maybe start off with common mint state Morgan's like 1883cc and 1884cc since they are most affordable, then move onto better dates if you want. It's your $
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Moderator
 United States
23522 Posts |
It's only looney if you ever expect it to outperform more solid investments (only through sheer luck), and I consider the stock market more "solid." If you purchase wisely, a process which requires you to become rather more familiar with the resale market than you probably know yet, you will not lose money. I consider high-end coins well-selected to be a solid place to park money. Oh, and you have to learn to grade, as well, because not all slabbed coins in grade are created equal, and dogs in the grade at this level will not make you happy in the long run. I'm not trying to discourage you. Just letting you know that you are considering one of the most learning-intensive investment vehicles possible, and you'll have to learn substantially as much as a dedicated collector just to avoid losing your shirt. Might as well just become a collector, and invest in high-end coins which appeal to you.  At the 10k/coin level, virtually every US issue has well-heeled fans and the market, although small, is recession-proof. |
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Pillar of the Community
United States
7390 Posts |
Quote:
'Choose wisely', knight in Indiana Jones flick. That was Joseph of Arimathea TMCD75, I suggest you stick around here for at least a month or two first before you make any large purchase. You will have a better understanding of the basics of morgans and coins in general. Buying for investment is a very TRICKY undertaking even by the most experienced of collectors. Edited by Cascade
09/04/2015 6:01 pm
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Bedrock of the Community
United States
94367 Posts |
We all wish you luck, and I'm sure we all wish we had that kind of money to spend! Go to your local shops and some nearby shows, look at what's on offer, and take A LOT of time to be sure you are still interested. Leave your checkbook at home. Remember, when you buy Morgans, you're jumping into a tank full of seasoned and hungry sharks. |
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Pillar of the Community
United States
7390 Posts |
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Pillar of the Community
United States
1584 Posts |
Take your time, visit coin shows or shops, buy a couple good Morgan dollar books. You are always better off in the long run buying high grade coins. |
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Valued Member
United States
245 Posts |
You guys are killing me, but I respect your opinions and knowledge way more than my own. I know just enough to be dangerous or get myself in trouble...I do have two excellent books on the CC DOLLARS.
I just can't tell the difference in mint states, what's been cleaned, dipped etc. I have a good eye for detail, I'm a house painter. I'd like to buy some of the rarer GSA dollars, 1885, 1881, 1880 etc.
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Rest in Peace
United States
18456 Posts |
 If at this time you can't tell a cleaned Morgan or the difference between an MS-64 and a MS-67 ,then do yourself a favor and keep your money in the bank. you say you want a luxury car but don't know enough about them to even program the radio. please do us all a favor ,and learn about CC dollars and their different grades before you set the hook ! |
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Valued Member
United States
245 Posts |
I bought a 1878 cc ms65 for a grand, it books at $1800. That was my first major entry into the Coin World...I know enough and I can certainly tell a mint coin. I just can't tell a 64 from a 65. I know what I'm doing. |
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Replies: 26 / Views: 4,776 |
Posted 09/04/2015 4:06 pm
