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Morgans.. Where Do I Start?

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jfoto757's Avatar
United States
19 Posts
 Posted 02/16/2011  09:27 am Show Profile   Bookmark this topic Add jfoto757 to your friends list Get a Link to this Message Number of Subscribers
Ok I'm new to coin collecting, my only experience being this past week as buying my first $25 cent box from the bank and I'm halfway through. I have the 2011 Red Book and I'm digging the Morgans, but my question is.. where do I start? I'd like to have one as the first coin in my collection, but I don't know enough about grading to look at one, come up with a mental grade, and then make an offer. Any help would be appreciated, thank you. I'm looking for one under $50 to begin.
Valued Member
emh's Avatar
United States
85 Posts
 Posted 02/16/2011  09:38 am  Show Profile   Bookmark this reply Add emh to your friends list Get a Link to this Reply
I haven't started on the morgans yet but my suggestion would be to obtain a decent amount of knowledge on them first. There have been plenty of posts in this and other forums regarding the morgans, additionally there have been numerous suggestions on books about them. I'm fond of the Red Book series, for your case here is the link:
http://www.amazon.com/Guide-Book-Mo...p/0794819435

I'm a firm believer in the best investment being education and your knowledge base. This is even more important since there have been numerous cases over the years of Chinese counterfeits coming into the market.
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Coinstar's Avatar
United States
1510 Posts
 Posted 02/16/2011  09:49 am  Show Profile   Bookmark this reply Add Coinstar to your friends list Get a Link to this Reply
i have like 6 of these now-- very cool coin-- I would start with the stuff that is affordible to you. then go onto the more expensive stuff-- personally I like the "Used" look for morgans
Retired USAF 1983-2003
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Jaobler's Avatar
United States
6384 Posts
 Posted 02/16/2011  10:21 am  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
I'd start with a nice type example. The San Francisco coins from 1879 through 1882 are typically well-stuck and very attractive and you can probably find a nice BU coin (about MS-63 grade) for around $35-40. With the current high silver prices a circulated coin will cost around $25, so I'd spring for the higher-grade coin.

Try to find a local coin shop where they treat you nicely and are willing to answer beginner questions. If you find a good shop that will be a terrific resource for you. Also attend coin shows if you can locate one in your area.

Good luck, and please post your purchases so we can admire them!
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TenSense's Avatar
United States
364 Posts
 Posted 02/16/2011  12:08 pm  Show Profile   Bookmark this reply Add TenSense to your friends list Get a Link to this Reply
If you like the look of the Morgans, don't forget the other coins with similar appearances, like the V nickel.
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ExoGuy's Avatar
United States
4416 Posts
 Posted 02/16/2011  12:59 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
Fine advice from Jaobler. As the Morgan set can get quite costly, and you want to get off to a modest start it seems, I'd humbly suggest that you first consider focusing upon forming a year set. It's a far more attainable goal, and you can then better familiarize yourself with the series along the road to perhaps completing a set. You might eventually add one from each mint, too, so try and find a respectable 1921-D, being the only Denver Mint Morgan. The 1895-O will likely be the most costly one for a year set. You might snag an 1882-CC, '83-CC and/or '84-CC as being among the more affordable Carson City coins. By looking at the Morgan set this way, you can probably get a better focus on your cost factor.
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Bryan1315's Avatar
United States
14454 Posts
 Posted 02/16/2011  1:18 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
jfoto757, I have sent you an email, if you do not see it in your in box please look in your spam folder (sometimes CCF emails end up in there for some servers). If you will email me your address I will send you a Morgan dollar just to get you started if you would like at no charge. I think everyone needs to have at least one in their collection and since you already have a interest in Morgans I would love it if you would allow me to send you your first one to get you started on your collection of Morgans
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jfoto757's Avatar
United States
19 Posts
 Posted 02/16/2011  1:59 pm  Show Profile   Bookmark this reply Add jfoto757 to your friends list Get a Link to this Reply
Bryan ,

I just emailed you back.. thanks so much for helping me out! If I can return the favor at some point, please let me know!
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Bryan1315's Avatar
United States
14454 Posts
 Posted 02/16/2011  3:24 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
I received your email and will get it out to you by tomorrow
Valued Member
United States
230 Posts
 Posted 02/16/2011  5:15 pm  Show Profile   Bookmark this reply Add fiddler to your friends list Get a Link to this Reply
Bryan I've just got to say thbat is awsome.
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xshift's Avatar
United States
2669 Posts
 Posted 02/16/2011  5:34 pm  Show Profile   Bookmark this reply Add xshift to your friends list Get a Link to this Reply
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AtlantaCoin's Avatar
United States
16 Posts
 Posted 02/16/2011  6:38 pm  Show Profile   Bookmark this reply Add AtlantaCoin to your friends list Get a Link to this Reply
Now, before you spend a dime on any more Morgan's please buy the Comprehensive Catalog and Encyclopedia of Morgan & Peace dollars, 4th Edition. This book will set you back $35-$60 used and $60-$100 new but it has every bit of information that will make you an "expert" on Morgans and the numerous variations.

Seriously, no collecor should be missing this book in his/her library.
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Coinstar's Avatar
United States
1510 Posts
 Posted 02/16/2011  6:44 pm  Show Profile   Bookmark this reply Add Coinstar to your friends list Get a Link to this Reply
bryan got any other deals on Morgans?
Retired USAF 1983-2003
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Bryan1315's Avatar
United States
14454 Posts
 Posted 02/16/2011  8:56 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply

Quote:
bryan got any other deals on Morgans?

I do not sell coins unless I just have to. Every now and then I will see someone show interest in Morgans or other coins I have and if they are a new collector I will ask them if it is alright if I send them one of my extra's. We had a member on the forum that was taken from us before I ever joined and that is exactly what he would do, so to keep that spirit alive on the forum I try to do the same. For those of you that doesn't know who I am talking about do a search for catman in the archive section because its been a few years since he was taken from us
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Connor's Avatar
United States
2130 Posts
 Posted 02/16/2011  9:29 pm  Show Profile   Bookmark this reply Add Connor to your friends list Get a Link to this Reply
Bryan...that is very, very nice of you and it is people like you that make this just an awesome coin forum!
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Coinstar's Avatar
United States
1510 Posts
 Posted 02/16/2011  10:45 pm  Show Profile   Bookmark this reply Add Coinstar to your friends list Get a Link to this Reply
well that is awesome Bryan
Retired USAF 1983-2003
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