Which Morgan would you buy with $1k????

I just wanted a few of your opinions on something.

If you had $1,000 to invest in a Morgan Dollar, which would it be, and why?

I had inherited a bunch of "junk" silver dimes, halves, etc. and have decided that instead of having a bunch of stuff I don't really care for, they'd rather I get something nice for myself. So I decided to sell some and want to add a nice NGC or PCGS slabbed Morgan to my collection.

I want one that will hold or gain value, but must be in demand in the very distant future (like when my grand kids want to sell it in 2075). I am thinking a MS64-65 1885 Carson City, but I am not sure that it's the best choice. Any help is appreciated.

Thanks,

Coinsnake

 

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I would look for an MS67 common date Morgan Dollar with a CAC sticker and some minor rainbow toning. A coin like this would be perfect.



1881-S Morgan Dollar NGC MS67* CAC

 

I would go with a key date over a high grade coin investment wise. I love the MS-67, 68 but they are grading more and more of those every year.
They will never make more of the key dates.
This what a very trusted dealer told me who deals in high grade Morgans told me after I considered trading my 09-S VDB for a MS-68 Morgan.

 

Honestly, if purely for investing purposes, don't buy a coin for your grandkids to sell 50 years later.

1) They might know anything about coins or care enough to get the maximum value out of it.
2) They'll likely not be dealers and would have to sell the coin to a dealer, losing a large amount of the value in the coin. (Dealers have to make money too!)
3) There's no guarantee that any coin you get will have demand, even a key date coin.

Stick that $1,000.00 somewhere else to make money off of it, not in coins. Nothing is a guarantee but there are a whole lot more options than coins as an investment.

 

Coins are not a guaranteed investment. If you go ahead with it I'd avoid a toned coin. By 2075 the toning may not look as nice, plus the toned coin craze may have died out by then, and collectors might prefer untoned in 2075 (as many do now).

 

Coin collecting could also have died out by then, you never know. For all we know, you could buy a $1000.00 Morgan in high grade today and it ends up being worth melt value of $150.00 in 50 years because no one wants the coin, only the metal makes it worth anything.

 

Snake,

One thing is certain! There is no one, and I mean no one(!), who can predict where the market will be one, two or three or more decades from now.

At 228,000, the 85-CC has the lowest, total mintage of all of the Carson City Morgans, but it's value has been held back because there are so many of them available in Gem grades due to the fact that most never got into circulation. I say "total" because the 80-CC was struck using two reverse dies, the 1878 Reverse with Parallel Arrow Feathers (125,000) and the 1879 Reverse with Slanted Arrow Feathers (360,000).

While I have the greatest amount of respect for Paul's knowledge, I would be somewhat reluctant to base my choice for future value on toning or any CAC attribute that a certified coin may have.

Toning has only become popular over the last 10-20 years, but the problem is that there are no price guides that can estimate current values, not to mention what those values may be years and years down the road. It's even possible that toning will lose it's popularity for the majority who now collect them. No one can say!

Regarding the CAC attributions, there has always been discussion about computerized grading. I'm not sayng that it will eventually come to pass, but if it does then I can only see this service going down the tubes.

Chris

 

Common-date (Preferably 1879-S) in 65DMPL.

 

All good ideas. I'm not doing it only for investment purposes. I just really want another nice, rare, or unique Morgan that I can say was technically from my Grandparents. It doesn't need to increase in value per se, I just don't want it to be worth next to nothing in 50+ years. I'm not big on toning, but some light subtle color always catches my eye.

Thanks everyone! Keep it going.

 

If it comes to the point where you are asking opinions on what to do with your money, you are not making a wise decision. Making a wise decision involves becoming an expert in what you are dealing with.

(The evaluation of whether or not a decision is wise is conducted at the time the decision is made, not afterwards. The decision maker can only use information that is available at the time of his decision)

 

Why not look at some GSA Morgans?

 

It's just advice. I already said what I was planning. Just wanted some ideas from other collectors. I didn't ask for a decision. BTW I haven't pulled the trigger yet....

Thanks for your input anyway, but I didn't ask anyone if they thought asking for advice was a good idea or not.

 

I would get a Morgan with a strong, but not key, date and mintmark (prehaps a 1879o or a 1885s). That way you can avoid the premiums usually assoiated with getting a key date, while still getting a really nice condition coin for the money.

 

Not a Morgan, but if I wanted something that won't lose value long term, I think gold (bullion or coins) is a safer way to go. No guarantee on anything though.

 

A grand? The key date, because it's likely to be a better "investment" than other choices.

 

8tf ms64, or common cc m64, or both.

 

To offer any merit, we would need empirical evidence to suggest that one type of coin would make a better investment than the other. This is a symptom of humans in general.

 

I would go with a key or semi-key date coin.

 

Personally If I had a grand and wanted some nice Morgans that would hold their value I would buy a bunch of nice xf -low MS mostly common or semi common dates that I could find for a good deal at 25-35 a piece. The risk over 50 years time would be minimal As you are basically getting them for melt value, they still look very pretty, and they have the possibility of gaining at least a bit of rarity and gaining good margins abov thier silver value.

Low downside with a slightly higher upside and almost sure to hold their value.

 

You're completely tied to bullion prices if you do that though.

If I wasn't gonna go with a 65DMPL coin, I'd probably go for a MS64 '91-CC.