Is This A Reasonable Goal?

Everything in coin collecting is reasonable if you are willing to spend the money

Same way everything is within walking distance if you have the time

Now there will be some keys that will be in the thousands of dollars in higher grades because of low mintages

It's a reasonable goal if you don't have bills to pay. I'll be happy to watch you and live vicariously through your experience, though!

Seriously, best of luck in this endeavor...you'll have fun, but be forewarned that there are some key dates involved that will prove to be quite expensive. If it is in your budget, then go for it!

I would also suggest picking up a copy of The Red Book's "A Guide Book of Morgan silver dollars". I can't emphasize enough how important it is to remain knowledgeable about what you are collecting as there are a lot of shysters out there ready and willing to take your cash for less than desirable pieces in return.

And welcome to the community! I just joined about a month ago and have learned a tremendous amount from all the members.

Mike

Mike

If you're trying to get every Morgan by year and mint mark in MS (not counting varieties), it will cost you over 200k.
It would be very cool to see one.

Look around at different places to buy your coins as well. I know that we have a local antique store that sells a fair amount of Morgan's from $20-100 in higher grades. Since I do not collect them I can not tell you if he has them at the best price but the few I did go do some quick research on did seem below their value. You may also luck out right now for the fact that a lot of people are starting to sell their silver coins off and if someone is overstocked you may grab them for cheap.

Also look at your local coin stores and see if they do bid boards and grab bags, this is another great way to find coins at a bargain price. When I started back into coins a few years ago I was in a store on vacation and was talking to the dealer about this kind of thing and he told me about a 'grab bag' option they had on Morgan's a few years before that. What they did was took an entire set (yes, an entire set) in MS60+ condition and placed them all into a bucket and was selling them off at $20 a piece. It lasted about a day because someone that was smart enough finally came in and bought the entire bucket. Can you imagine getting about 80% of a Morgan collection for $20 a piece in MS60+ condition, that guy can never complain again about paying for a coin the rest of his life.

Your best bet would be to buy the keys now since they will hold and increase in value while the common date coins will always be available and they will still be cheap.

That would be an impressive an admirable goal indeed !
Best of luck in this endeavor if you choose to do it...

I don't know your budget, but maybe it'd be best to persue a Mint series with the Morgans as Metalman did. Then you can always expand that into a full complete set in the future...

cabomhn, you can do way better than that link to morganmint. I purchased just about all their raw uncirculated coins to fill the voids needed from mintproducts.com . They are about half the price of morganmint. The rest I look through the auction nets etc. My local dealer is so high its rediculous. But he does have an auction board that I participate in. nlp

If I understand your original question, you are trying to collect one of each year Morgan, not trying to get every date and every mintmark. If that is correct, it is certainly an achievable goal if you have the patience and budget for it. I completed a Dansco 7172 album years ago (I have since traded or sold almost all my Morgan and Peace dollars except a full set of the GSA CC dolars). That album is for one Silver Dollar of each date minted from 1878-1935, from the start of the Morgans to the end of the Peace dollar series. The only date you need 2 coins for is 1921 when Morgan and Peace were both minted. I assume those albums are still available. somewhere.