The Morgan Dollar As An Investment

Here's a short story on my experience with collecting Morgans. I have bought, sold, and traded them since 1968. My first major purchase was $500 for 75 different dates and MMs in the Fall of 1968. My estimate of their value now is approx. $12,000-$15,000. Now here's the rub. In 1981 when we were all buying and selling, and silver bullion and coin values exploded, I have a list of some of the coins I purchased then. These coins were all MS60-63. Here also is the MS60 Red Book value for them in 1981...as follows.

1878-S....$45
1879-O....$55
1880-O....$85
1881......$45
1882-CC $170
1883-CC $65
1890......$45
1890-O....$85
1890-S....$85
1891......$175
1891-O....$175
1892......$150
1892-O....$200
1898-S....$310
1899-S....$425
1902......$95
1903......$85
1904......$350
1921-D....$50
1921-S....$75

I don't know exactly what I paid for the above Morgans but I suppose somewhere in the ballpark of the above figures minus about 10%. Alot of the above coins cost me more then, as compared to todays prices.. So, as an investment for the future, be careful!...