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 Replies: 13 / Views: 6,610 |
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Valued Member
United States
355 Posts |
Recently I started buying ASEs for a small investment in silver. I then started to look at Morgans to combine the possibility of combining the fun of collecting with the concept of investing in silver. I'm surprised to find that Morgans being less silver content seem to go for more than an ASE. No I realize that they are old coins, rare and very collectible but this just interests me. Any thoughts or comments would be great to hear...wil an investment in Morgans be a better bet than ASEs? I will most likely try to collect both, but interested in opinions on the subject. Edited by phankins11
06/14/2011 7:09 pm
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Pillar of the Community
United States
3184 Posts |
you can get morgans for melt value, what do you mean they are worth more than ASEs? Perhaps some bu ones but you can get a lot for 30 and lower.
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Pillar of the Community
United States
1510 Posts |
Morgans-- they look cooler-- I had some ASE's but I sold them at 48-- Morgans I will always have  Retired USAF 1983-2003
Edited by Coinstar
06/14/2011 9:40 pm
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Pillar of the Community
United States
1150 Posts |
When you are getting a BU or Choice BU coin, over 100 years old, for around $45-$75, I think you are getting a steal. I buy almost every nice Morgan I come across at my local coin shop, in those conditions, if the price is decent. The value of ASEs is inherently tied to the ever changing value of an ounce of silver. BU Morgans are not and their value doesn't fluctuate as wildly. Maybe in the short term there can be more money made on an ASE, but you can be fairly safe in the assumption that a BU Morgan will remain stable in value or slowly climb. However, if silver goes up to $500 an ounce as some are predicting, than a BU Morgan will be worth more in silver than its collector value, by far. These are all things you need to consider, and buy accordingly. Personally, I have a lot of 'junk' silver, and ASEs. I also have a small hoard of BU Morgans and other valuable collector coins (because I love coins, and as insurance against falling silver prices). |
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Valued Member
 United States
355 Posts |
Mkman123 I guess I should have clarified that, I am talking the higher grade coins, although I have seen some of the lower grade, more rare morgans go for upwards of 120 bucks. Just watched an 1878 cc go for 118 on ebay. I'm not really griping or complaining about it, but just wonderin if putting the money into something like these morgans is a better investment than buying ASEs. Coinstar I think they're cooler too...just something about the history if owning coinage from the 1800's, the design is very neat as well. I think the US should go back to some of these designs. Don't get me wrong, props to Washington, Lincoln, Jefferson, etc, but there's something patriotic about the older designs to me and the sometimes esoteric meaning to the figures. Just my 2cents ...lol no pun intended there ;) |
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Pillar of the Community
United States
3076 Posts |
ASE coins have been bullion plus priced, with the exception of the MS70 coins,,,,,which are worth Thousands....the Morgan series is full of history and very collectible BEYOND bullion prices yet lag to compensate the scare tactic's and fluctuations of the Bullion market.. Yet these Morgans are still very collectible and while the prices are low now some grades are costing much much more than ever before..
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Pillar of the Community
United States
1374 Posts |
Everyone is on the right track here. Just to accentuate what has been said... when dealing with coins, you should consider the metallic value and the numismatic value. These markets tend to operate opposite of each other, depending on the state of the economy. Some coins are only worth spot, some are so valuable (rare) that their metallic content is negligible. The present day "value" of a coin takes both of these attributes into consideration, but to what degree depends on the grade, rarity, and collectibility of the coin (Morgans are highly collectible). This is the game.
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Pillar of the Community
United States
1510 Posts |
that sounds far fetched-- I can see $100 but not 500.. Quote:
if silver goes up to $500 an ounce as some are predicting Retired USAF 1983-2003
Edited by Coinstar
06/15/2011 09:50 am
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Pillar of the Community
United States
817 Posts |
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Pillar of the Community
United States
1348 Posts |
I hope silver goes to $500. I would be a very pleased. On the other hand, I wouldn't be able to complete my mercury set
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Pillar of the Community
United States
1510 Posts |
well if silver goes to 500 MAYBE Ill sell my morgans (maybe)
Retired USAF 1983-2003
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Valued Member
United States
397 Posts |
I can quite easily pick morgans up @ spot or spot + $3. As others have said , I know I would rather have a morgan than a ASE. Sure bullion is great , but as time goes on morgans get more and more rare. |
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Pillar of the Community
United States
3184 Posts |
I personally think that ASEs are boring and would rather have morgans and 90% silver coins because you get two things: 1, history. 2, pm content. If you have children, they will get bored staring at ASEs, but with silver coins, they will have fun and learn stuff about them as well. I'm not too much into the rarer coins just common dates is fine with me! Best bang for my buck
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Pillar of the Community
United States
3276 Posts |
i can grab circulated morgans from the dealers bin for pretty cheap. a little above melt of course, but a lot cheaper than the silver eagles.
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Replies: 13 / Views: 6,610 |
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Posted 06/14/2011 9:39 pm
