Better To Spend The Money To Invest In Popular Year Morgans, Or Buy The Less Popular Years?

The old question of condition vs rarity.

Ultimately, the decision to acquire a particular Morgan is still rests with the buyer's preferences.
For most, that comes down to best value for money at the time of purchase.

Nevertheless,
some buyers favor condition, some buyers favor rarity.

Me? I am a fence - sitter, and that applies across the whole of numismatics, not just Morgans.

Depends on why you are buying them.
To collect buy quality.
To stack buy quantity.
John1

to the CCF

As stated, it depends on your collecting goals.

High end quality Morgans (or any other coin) never go out of style and will generally retain or increase in value. They are for collectors.

Mid grade common Morgans (or any other coin) follow the bullion market in pricing, almost never appreciate in value and are for silver stackers.

Decide who you are and then go for it.

I see people on ebay paying big premiums over melt for junky Morgans. I would be careful about getting caught up in a frenzy. Could come back to earth.

The coin market right now is still quite inflated. If doing this for a profit, buying most anything right now is likely to result in future days where you're upside down. Its anyones guess when another surge like this comes around; it might be so long out that even a return to regular inflation mutes it. As others have said, this hobby is for the love, and understand that its a tough game for the profits even if your at it like a margins-squeezed dealer.

Buy what you love and you'll generally stay happy.

I agree with others, but there is an investment aspect. It is good to buy choice coins to hold their value, and possibly grow in value as opposed to cull coins which are likely to remain stagnant and are difficult to sell. That is what makes this hobby different from other purchases. If you buy retail shoes and sell those shoes the same day second hand, you will have to sell for a discount. If you buy right then you will do well. Like others said, don't expect high profit.

If I was in your shoes, I would research research research. Knowledge is the key in numismatics. Get to know retail prices, key dates, and conditional rarities. I would buy key dates in the best condition I could afford in the morgan series. If you end up assembling a complete set, you will have the difficult coins already purchased.

Well it is always recommended to purchase the highest grade coin you can afford. My personal preference however would be to purchase a lower condition rare date as opposed to a higher grade common date. I wish that I had done this myself many years ago when some rare date coins were rather affordable. Now they are darn near impossible for me to acquire without a hefty price tag.