Posted 06/08/2021 8:21 pm
You are fortunate that you have overpaid for coins with lower price tags. The percentage loss may not look good, but the overall cost isn't so bad. As Greasy told you, the damaged one in a previous post is a good excuse to carry a cool pocket piece!
From your other posts, it looks like you may have damaged coins (scratched and/or cleaned) as well as natural looking circulated examples. It didn't cost me as much to get those types of examples because I bought from a dealer who priced them for what they were, and so I was therefore saved from myself. It is good to have those as reference points in the future, though. On to some of my screw-ups with Morgans, in the hopes you learn from mine...
My rookie mistakes involved declining reasonable, and reasonably priced, MS coins for dates and mints where fully struck coins are scarce (I was mistaking weak strike for wear), while at the same time paying MS money on better struck high AU coins.
If you want to dabble in buying raw coins in the future, you might consider getting two or three MS (63-64?) examples in common dates, maybe one with a strong strike and one with a weak strike, but with good luster. That way, you know what "right" looks like. Pictures alone weren't enough to educate me.
If I was starting over again, that is what I wish I hade done early on. Some other folks on here who are Morgan experts might have better ideas, which I would like to hear as well.
An over-dipped coin (priced accordingly) would also have been desirable as an early specimen. Made that mistake, too...
Oh yeah... Numismatic dollar cost averaging! Educate yourself. Buy better stuff at better deals, and the losses can get canceled out, maybe! That's what I tell myself!
From your other posts, it looks like you may have damaged coins (scratched and/or cleaned) as well as natural looking circulated examples. It didn't cost me as much to get those types of examples because I bought from a dealer who priced them for what they were, and so I was therefore saved from myself. It is good to have those as reference points in the future, though. On to some of my screw-ups with Morgans, in the hopes you learn from mine...
My rookie mistakes involved declining reasonable, and reasonably priced, MS coins for dates and mints where fully struck coins are scarce (I was mistaking weak strike for wear), while at the same time paying MS money on better struck high AU coins.
If you want to dabble in buying raw coins in the future, you might consider getting two or three MS (63-64?) examples in common dates, maybe one with a strong strike and one with a weak strike, but with good luster. That way, you know what "right" looks like. Pictures alone weren't enough to educate me.
If I was starting over again, that is what I wish I hade done early on. Some other folks on here who are Morgan experts might have better ideas, which I would like to hear as well.
An over-dipped coin (priced accordingly) would also have been desirable as an early specimen. Made that mistake, too...
Oh yeah... Numismatic dollar cost averaging! Educate yourself. Buy better stuff at better deals, and the losses can get canceled out, maybe! That's what I tell myself!
