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Morgan Dollars...huge Mistake?

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magusxxx's Avatar
United States
306 Posts
 Posted 03/12/2008  3:38 pm  Show Profile   Bookmark this reply Add magusxxx to your friends list Get a Link to this Reply
The person who got me into coin collecting says the same stuff about the coins I sometimes buy. "It's overpriced.It's not the same grade as the others you've gotten before so it can't go in the book."

I've started to just tune that stuff out.
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jbuck's Avatar
United States
188130 Posts
 Posted 03/12/2008  4:57 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
When I was still a newbie collector, my first coin "buddy" would give me grief about everything I bought. He chastised me for using folders (even though he was right and I moved to albums after a couple of years). He said I always overpaid for my coins, no matter what.

It got old, so I just stopped hanging out with him. Difficult to do with family, but if you give them the cold shoulder for a while, they might let up. If not, just grin and bear it!
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eaglefoot's Avatar
United States
6326 Posts
 Posted 03/12/2008  5:01 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
Yep !.......And I work with my Dad too !.....so it's not "just" family....it's every day ! LoL Ha Ha
I'd look weird with a permanant "grin" on my face from "ginning & baring it" all the time though !
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gbchaosmaster's Avatar
United States
328 Posts
 Posted 03/12/2008  5:30 pm  Show Profile   Bookmark this reply Add gbchaosmaster to your friends list Get a Link to this Reply
If what your dad says is true, Flying Eagle cents and MS 1909 V.D.B. Cents would be worth about 3 cents, an 1895 Business Strike Morgan dollar (if there even is one) 16 dollars, the Unc. 1907 Ultra High Relief Pattern Plain Edge Saint-Gaudens about $750, the Silver Plug flowing Hair about 16 dollars, etc. I can't put my finger on it, but something's not right there...
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thq's Avatar
United States
3343 Posts
 Posted 03/12/2008  5:40 pm  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
I've got a lot of contrary thoughts on the subject....

1. Damaged coins look like junk no matter how rare they are. So I can understand an outsider's opinion on a low grade Morgan collection.

2. I collect this stuff more out of obsession than any idea that it's an investment. I've got lots of junk to which I have a romantic attachment. Some of it I like better than my non-junk coins, which by and large reside unseen in a SD box. Just looking at my scrappy corroded 1795 cent is enjoyable - feeling the heft of the copper, sunlight glinting off the pitted, diecracked surfaces polished by pocket wear.... it's a portable time machine....

3. A coin book is no place for a low grade coin. It belongs in a sack, or a box, or a hole in the ground. Or, better yet, in your pocket.

"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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jeremymh's Avatar
United States
543 Posts
 Posted 03/12/2008  7:02 pm  Show Profile   Bookmark this reply Add jeremymh to your friends list Get a Link to this Reply
Honestly I dont think you messed up that bad. The "cheap" CC morgs. go for at least $50.
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