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 Replies: 24 / Views: 3,055 |
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Pillar of the Community
United States
520 Posts |
I was going to start a Morgan silver dollar collection when I realized that it would be near impossible at my age and income. Some of those coins are worth a arm and a leg that I cant give lol. I guess Ill stick to collecting the cheaper sets :( ah well maybe one day. |
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Bedrock of the Community
United States
14454 Posts |
most of the Morgans are affordable, its the key dates that can get expensive. If you want lower grades (around EF-AU) heck you can get a full set pretty cheap because they are so plentiful. The key dates will be higher even in lower grades but its not anything that can not be done on a budget. There are quite a few dates that can be had even in UNC grades for just a small premium over spot
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Valued Member
United States
163 Posts |
With you on that Casutherland. I would love to build a set, but I can't afford to (because I sink all my money into buying pennies  ). |
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Pillar of the Community
 United States
520 Posts |
Yes, but the cheaper you pay, the less they are worth. I would rather have a full set of uncirculated wheat Pennies than a full set of dull barely readable Morgan silver dollars that cost me over triple the price, you know? |
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Bedrock of the Community
United States
14454 Posts |
Quote:
Yes, but the cheaper you pay, the less they are worth I believe that is with any series of coins, thats the reason you get them cheaper, because they aren't worth as much |
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Pillar of the Community
United States
520 Posts |
Thats why I feel that with someone with a low budget, who like good looking coins, its better to go with a less expensive set.
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Pillar of the Community
United States
1283 Posts |
Casutherland, if you enjoy Morgans there's no reason you can't still collect them unless you're dead set on completing the series. Otherwise pick up a Red Book (or other price guide) and just look at which coin series are doable on your budget. Also keep in mind some coin albums might not contain any of the "error" coins that can be quite costly. For example, most of the foldout Lincoln albums don't contain a slot for the 22 Plain, but the Dansco slipcase albums do. And there are cheaper alternatives in some cases, like getting a 22 "weak D" which costs a small fraction of what a true 22 Plain costs. BTW, I'm not advocating for trying to complete a Lincoln set because that series is a BEAST. Not only are there some expensive keys and semi-keys, there's also 100 years worth of dates and mint marks. I think Franklin halves might be something for you to look at.
Edit: On Lincolns, completing just the Lincoln Memorials is VERY doable, even in Mint State Red. And between 1959 to Present there are still lots of holes to fill so it can keep you occupied for quite a while. The nice thing is instead of having to fork over tons of cash, the fruits of your labor will be determined by what you put into it. As you visit various coin shops, coin shows, etc. go through and cherry pick the very best red MS examples for your album. This can keep you occupied for a very long time, and by the time you're finished you can have an awesome, bling-bling coin album of spotless red Lincolns. Just make sure you use a high quality slipcase album if you go this rout. Cheap cardboard foldouts can tone your red pennies. Edited by USArmyParatrooper
12/28/2010 10:40 pm
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Bedrock of the Community
United States
12437 Posts |
You can still do a Morgan dollar set on a college student budget, you just have to think about it a bit differently. The Morgan series covers a very large number of coins from five different mints. Because it is such a large set, there are various ways to collect. The most comprehensive budget-conscious method would be a date set- one coin from each year. 1893 and 1895 would be the most expensive years but you can get every other year for less than $50 with many Uncs available at that price level. |
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Pillar of the Community
United States
1213 Posts |
As long as you pick something you like, you should have fun collecting it.
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Pillar of the Community
United States
520 Posts |
I mean that is true, sometimes it just seems kinda hard I guess lol. Its like I wanna complete a set or something. Theres just something about the feeling of having a complete book filled with all the coins. I guess I am kinda OCD about that stuff. Even though I truly love the silver and shinyness of the Morgan silver dollars. I just love older coins. I am a big History guy as well. Always have been fascinated in older things like that lol. |
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Bedrock of the Community
United States
14454 Posts |
there are quite a few people that can not complete a Lincoln Cent album because of the pricey ones in that set. I think as long as you like the series, there is no wrong one. Building a high grade set will take time no matter what series you pick. If you are like me once you get close to the finish line (I once had an almost complete date/mm Morgan set in MS-64 and above) your interests will change and you will start another set |
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Pillar of the Community
United States
520 Posts |
Ya I guess I can stick out the Morgan set, I just had a very nice man on ebay offer me his grandfathers set of lincoln wheat pennies for free. He said he wanted to pass down the tradition to someone younger. It was really cool. He is going to ship them to me for free, and he said its value is well over 200$. I can't believe that to be honest, I guess doing the right thing can have its benefits. He told me its only missing about 20 pennies total. |
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Pillar of the Community
United States
958 Posts |
Some of the most exp coins in the bussiness are cents. 1943 copper cent sold for over a million dollars , 1968 , 1969 double dies have sold for 100,000k plus in high grades.Lots of other variation and double dies have sold for thousands of dollars You can get a bank box of reg ol copper coins and search for all kinds of variations and guess what its affordable and can be done for face value. Now finding the older wheat cents can be a challanger but even those can turn up in bank rolls and in reg ol pocket change. But your not gonna get morgans and Peace dollars in pocket change or just walk into a bank and get them But cents you can get as many as you want to search through |
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Pillar of the Community
United States
764 Posts |
I began my Morgan set when I was 12 and completed it when I was 22 (March 2009). It can be done.
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Pillar of the Community
United States
520 Posts |
I mean I know it can be done its just a lot of money lol.
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Valued Member
United States
268 Posts |
Casutherland, you can work toward that goal. Start of by doing a 1 year set of them pick a year and look for all the mint marks for that year. After you finsih that year you can work on another one. There is no time limit, except the one that you put on your self. That can me you major set and you can have another one that you also do. I put my Lincoln Memorial set togeather from roll searching. So far I only bought one coin a 1960 Small date P mint. Thats the one thing thats great about this hobby, its up to you decide how you collect.
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Replies: 24 / Views: 3,055 |
Posted 12/28/2010 10:15 pm
