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 Replies: 27 / Views: 3,191 |
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Pillar of the Community
United States
3076 Posts |
to some who care nothing about Morgan's and want to hedge there money into something that will rise in price as time goes buy that is not as volital as the stock market, many would say or recommend,, MS65 as it has a higher value that is not as changing as the lower grades..the Idea being that your money will likely stay at that value and in 5 years it will go up some..But not everyone wants or can afford is an MS65..in the end its all about supply and demand...what a certain coins demand and the avalibility for that year and mint will acually cost or sell for........many a lower coin has improved in value by the demand..
As many here will attest just because the mintage is low. Doens't mean every ones looking for that coin.......To me Ms 65 is more like a stable investment.....the coins over a hundred years old, its unlikely for any given year 5,000 new MS65's will be discovered and the market will plunge.....
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Bedrock of the Community
United States
14454 Posts |
when I started my Morgans a few years ago I started by looking at the price guides and noticed that most of the Morgans in MS-65 were pretty high but in MS-64 they were allot less. It seemed to me that 65's had already risen in value and there was a chance it would drop instead of keep going up and 64's had allot of room to improve so I started collecting every date/mm in MS-64. I almost had a full set then my interests changed and I sold off most of them to purchase MS-66 or above Morgans. I will tell you this, when I started buying Morgans 1878 Morgans in MS-64 were a little over 110.00 and MS-65's were over $1100.00. Now a MS-64 1878 7TF will cost around 250.00 and MS-65's are still selling for a little over 1100.00
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Pillar of the Community
United States
3076 Posts |
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Bedrock of the Community
United States
10982 Posts |
I agree with Bryan that many MS64 Morgan's look like a great buy right now.
Try to find high end pieces regardless of the grade though.
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Pillar of the Community
United States
3076 Posts |
how do MS63 compare,,,midrange grade in MS, and usually very affordable
is there any hope for them in rising in value,, or just a nice coin stuck in the middle?
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Pillar of the Community
United States
3076 Posts |
of course not counting specific high dollar coins/ dates in general, as they will command high prices in any grade
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Bedrock of the Community
United States
10982 Posts |
Quality is the key here. MS63 Morgans are a bit cheaper than 64s of course, but generally the price difference isn't huge until you hit 65.
What are your goals?
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Pillar of the Community
 United States
1304 Posts |
Thanks for all the replies. My goal is to collect all of the Morgans that I can. Now I know that some will be out of my price range but I am able to afford most of them. I look at this as a hobby but I also look at this as a somewhat investment. The hobby is a little more important than the investment but I do not want to go through the next ten years buying Morgans or any coin for that matter that has no chance of even giving me a chance of not getting my money back. I hope that I am not coming across as someone who thinks they are going to make a killing on coins because I am not that way. I just want to learn what I can buy that has a good chance of me at least breaking even on. We picked Morgans because my wife and I love the looks of them. Off to work and then the coin store, I will check back in tonight. Thanks again,
Wornslick
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Bedrock of the Community
United States
20753 Posts |
I think it's all just up to you. This is a hobby and supposed to be fun. Listening to people that say only buy the highest grades are those that are usually only in this hobby for the monitary possible advances. If you into any hobby, do it for the fun. Enjoy what your doing and don't worry about how much something may or may not be worth tomorrow. For many of us there may well be no tomorrow and all those attempts to accumulate a possible wealth in coins may end up at a garage/yard sale by a relative.
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Pillar of the Community
United States
1304 Posts |
Well said, Thank You Carl. Like I said, mostly hobby, but there is a little investment involved.
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Pillar of the Community
United States
1304 Posts |
I am going to do some more research on MS-63 and above Morgans. While I was at the coin store yesterday I asked the owner the same question that I posted here and got the same answer, if you collect Morgans for the hobby and as a investment I should buy the higher grade. I ended up buying a 1989 ASE Proof. The owner told me I could not go wrong collecting Proof ASE's. Back to the Morgans next week.  Wornslick |
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Bedrock of the Community
United States
14454 Posts |
I agree collect what you like. I myself do not really like the look of a worn coin but know plenty of people that prefer them to Bu coins because they know they were used for their intended purpose and they like to try and think who may have held it or what it may have bought. When I started I wasn't really trying to make money on my collection I was just weighing my options at the time. I had never collected anything and didn't know if it was going to be something I was going to do for the long haul or if I would do it for 6 months and then never go back to again. That was why I didn't really go for the highest grade I could afford at first, nor did I was to make the huge jump and pay 1000.00 for a single coin when I could get 5 others in the next grade down. And then I figured if I didn't want to keep the collection I would at least be able to come close to breaking even. Once I decided I liked the hobby that is when I decided I wanted a higher grade set and thats when I started selling off some of my 64's and started buying 66's and above, but this gave me enjoyment because it was what I wanted to accomplish
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Replies: 27 / Views: 3,191 |
First Page
Posted 02/17/2010 11:43 pm
