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 Replies: 12 / Views: 1,808 |
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Pillar of the Community
United States
1304 Posts |
I am getting ready to buy a couple of Morgans from this year. I have learned from reading that the 7/8 has the lowest mintage followed by the 8tf Morgan. Is the mintage the main thing to consider when trying to decide betwen the two. I also plan on getting the 1878 7 tf too. It seems like there are alot more 7/8 for sale than the 8tf. Any opionions on this would be appreciated.
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Pillar of the Community
3660 Posts |
I would be rather interested to know where you got these mintage numbers from. Personally, I am biased to 8TF.
Taking melts into consideration, I really don't think (even if these mintage figures were correct), that mintage should be a factor in determining present day scarcity or value.
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Pillar of the Community
 United States
1304 Posts |
zeewool, I got the firures from the RedBook, Morgan silver dollars. They have them listed as follows.... 1878 7tf 7,850,000 est. reverse of 1878 1878 7tf 1,500,000 est. reverse of 1879 1878 8tf 750,000 est. 1878 7/8 500,000 est. |
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Pillar of the Community
3660 Posts |
Thanks Wornslick. Remember those figures are just someone's speculative estimates. I still vote for the 8TF.  |
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Moderator
 United States
23731 Posts |
If you could afford it I get one of each variety.
Edited by echizento
07/31/2010 12:36 pm
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Pillar of the Community
Canada
1267 Posts |
Have you considered a Carson City?
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Moderator
United States
23522 Posts |
Quote:
Is the mintage the main thing to consider when trying to decide betwen the two. No. None of them are uncommon enough to warrant concern. There are, however, some pretty pricey varieties among them, especially the 8TF's. You'll find 8TF 1878's to be more expensive than the others as a result - people are hunting varieties and driving the price up. The trouble with that is the more common 8TF varieties aren't worth extra. |
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Pillar of the Community
United States
1304 Posts |
Have you considered a Carson City?
Yes I have but that seems to be the same thing as this. You gotta start somewhere so I thought I would start at the beginning, excluding the CC's. I guess sooner or later, if the health and money holds out I will try and collect them all. Isn't the same people driving up the prices of the CC's also that are driving up the prices of the 1878 8tf? I guess I just don't know where to start.
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Pillar of the Community
United States
1304 Posts |
Quote:
There are, however, some pretty pricey varieties among them, especially the 8TF's. You'll find 8TF 1878's to be more expensive than the others as a result - people are hunting varieties and driving the price up. The trouble with that is the more common 8TF varieties aren't worth extra.
So let me ask you this.... When I am looking at these coins the closer I can buy them for to the bid/ask price, the better off I will be? |
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Pillar of the Community
United States
3076 Posts |
I think any time you can buy at the dealers cost prices the better off you will be in the long term...THROW those REDBOOKS away..!!...While some would think that the Red Book lists the VALUES of coins.....it only lists the RETAIL PRICES...so if you decide to sell in a year or so.. you will loose big time...Bid ask alt least keeps you in the ball park so when you want to sell your closer to what you did spend originally...the markets fluctuate just like any other commodity. the closer you are to whole sale pricing the less risk there will be.. there are places you can watch and see what the prices are , such as the Heritage auctions, Teletrade, even ebay... start in one spot and track what your year and or mint mark and grade is selling for....and only look at the top grading companies....like PCGS NGC ANAC's and ICG graded in holder coins sell for, then you will have an Idea of where your at while you gain knowledge.... |
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Pillar of the Community
United States
1304 Posts |
Thanks for the advice. I will figure out what I want one of these days. Just to much to pick from.  Edited by Wornslick
08/01/2010 8:16 pm
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New Member
United States
3 Posts |
Hey, Ive been on a bit of a 1878 7/8 buying spree lately. I can usually get them raw in nice Unc condition. Depending on the VAM I will have NGC grade them. There are many VAMs in this single year than any other morgan.Some are more scarce than others.Some you can't see the the TF underneath without a 5x magnifier. I've also been looking at the 8TF and the 7TF though not as much. Most interest is in the 7/8 and the 8 tf. The most common 7/8,such as the VAM 33,37 etc. in my research is about 10-20% cheaper than a comparable 8 TF. Sometimes prices are crazy on these things.I don't know your budget or the quality you want,but generally you can get a raw MS62-MS63 1878 7/8 for under $100.00 if you are patient.And $100+ for the 8tf. Be careful on ebay.Lots of cleaned coins there.Look for a reasonable3 return policy. Have fun |
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Pillar of the Community
United States
1304 Posts |
Thanks for the info prudden, I have made my mind up that I will get the 1878 8TF first. Slabbed in MS-63. I have seen quite afew of them but I am holding out for the "right" one. I will know it when I see it.
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Replies: 12 / Views: 1,808 |
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Posted 07/31/2010 11:19 am
