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Collecting/Ultimate Investment Strategy

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ron6788's Avatar
United States
655 Posts
 Posted 10/24/2017  11:29 am  Show Profile   Bookmark this reply Add ron6788 to your friends list Get a Link to this Reply
Hard to imagine how you can 'enhance' a CC Morgan collection that's already MS. I suppose you could shop for PLs and DMPLs or 66's and 67's but you're probably already at the top. If you really just want to invest long term for appreciation, my suggestion would be to concentrate solely on the 1889-CC and, to a lesser extent, the 79-CC. I can tell you that those two coins of mine, even though they weren't even especially nice, sold in a flash.

And, finding replacements for those two coins that are pleasing to me has been an endeavor for the ages and still goes unfilled.
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basebal21's Avatar
13014 Posts
 Posted 10/24/2017  12:13 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
High end CC morgans should appreciate over the next 20 years especially the PCGS/CAC ones.

If they're some you just don't really like anymore just list them for sale and if they sell they sell if not they don't. If they're high end wait for the right buyer, you don't sound like you need to sell anyway
Valued Member
United States
149 Posts
 Posted 10/25/2017  11:58 am  Show Profile   Bookmark this reply Add Shaf2b to your friends list Get a Link to this Reply
Again, thanks for the additional thoughts/feedback. Agree with comment on 79CC (mine is 63DMPL) and 89CC (62PL). Difficult to find better coins than those at the moment. I sometimes worry that with the lack of new blood taking up coin collecting, the hobby (and hence the demand) will taper off in next 10-15 yrs
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basebal21's Avatar
13014 Posts
 Posted 10/25/2017  1:34 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
I sometimes worry that with the lack of new blood taking up coin collecting, the hobby (and hence the demand) will taper off in next 10-15 yrs


There's plenty of new blood, you just won't find them at coin shows
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Andrew99's Avatar
United States
1533 Posts
 Posted 10/25/2017  2:08 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
You have a long term investment perspective? Invest in some Wayte Raymond pages for coins, across all the silver denominations, invest in blast white, clean silver coins, put them in the holders and put them on a bookshelf for at least 5 years. You will get rainbow colors on all the coins and they will sell for a lot more than the white ones. Maybe Morgans have the biggest premium for this sort of thing, with the pricing being more or less independent of surface conditions, ie a $50 MS-64 can become a $300 "Monster" coin in 5 years.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 10/25/2017  4:41 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
The aging of the collecting community has been a red flag for 30 years now. Indeed, there are many younger collectors, as evidenced by this forum. It would be interesting to know the average age of our members.
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jbuck's Avatar
United States
188727 Posts
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UltraRant's Avatar
Norway
1358 Posts
 Posted 10/25/2017  5:14 pm  Show Profile   Bookmark this reply Add UltraRant to your friends list Get a Link to this Reply

Quote:
Is it a good time to sell these and continue down the avenue of selective coin investments?


First of all, no one knows what the future brings. My crystal ball broke down some time ago and I haven't found a replacement yet.
Some factor that adds uncertainty here is that this is is a hobby. People aren't depending on coin collections (except dealers) to be able to live. So if everyone loses interest, like what happened with stamps, then you're stuck with virtually worthless investments. People tend to be afraid that this is about to happen any time soon as the average age of coin collectors is quite high. But then, this fear has been around for years and years...
Trading coins for profit isn't something that's easily done. Now with the internet, everyone has access to actual market prices and everyone has access to catalogue prices. And most people use that information to get as much out of their coins as they can. You state that you invest in Morgan dollars. That is smart as of today, as they are still very popular today. In fact, they're being over-analyzed with VAMs, just to add to the craze. But who knows what happens tomorrow?
However, one thing that helps right now is politics. There's a lot of political tension and uncertainty in the world right now, which makes people invest in proven certainties like gold and silver. As such, prices go up. I don't know what will happen with coin prices of coins in precious metal if suddenly gold and silver drop in value. I guess this also will affect coin prices.


Quote:
The aging of the collecting community has been a red flag for 30 years now. Indeed, there are many younger collectors, as evidenced by this forum. It would be interesting to know the average age of our members.


Keep in mind that this forum looks and smells like 2005 and that nowadays the younger generation uses the internet in different ways than people who haven't grown up with it. I can imagine that it's not very appealing for youngsters to join an old fashioned forum and discuss coins with people who could, on average, have been their grandparent.
Nevertheless, don't worry. Coin collecting is an expensive hobby, and as such, not very attractive for younger people. It's not fun to be limited to collecting cents from circulation when others can pay big sums for the stuff they really want or need to actually finish a collection. I was already working full time for some years and for me the hobby finally took off when I started hitting the better salaries (6 digits per year in USD) in order to really get what I'm looking for.
Coin collecting has for a long time been called 'the hobby of kings' and there's a reason for that.
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