Silver eagle's OR Morgan dollar's ???

Now that make's a lot of sense to me thank you !!!!!

 

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The premium for Morgans relative to silver bullion is higher than that for St. Gaudens/gold (commons for both) but since the absolute cost is lower apparently they sell. I see them at local coin dealers, loose and no packaging in shoe boxes, any Morgan for $50 -- sometimes cheaper.

 

WOW that's a great price ! I live in Seattle WA. & all the surrounding coin shop's will offer $30 in AU condition ( ONLY COMMONS OF COURSE ).

What state do you reside in ?

 

Yeah, the commons below MS-63 don't command much of a premium....get down to the AU's and it's basically bullion value.

I guess buying 1 ounce (actually a bit less) in a Saint always carries a 'call option' on the numismatic value if the entire line gets dragged upwards, like 1989-90.

Myself....I guess it might be nice to have 1 or 2 AU's or low-MS's that I can touch and feel...but most of my purchases tend to be for quality over quantity. So I pay up for Mint State Gems and then if I want bullion I buy AGEs, MLs, Pandas, etc.

But I can't say that buying lower-quality Saints is a bad way to get one's bullion fix. But if you really want to take advantage of any numismatic move in the future, pay up for quality.

JMHO.

 

New York....haven't been in my local dealer for a while, let me check back today or Saturday and see what he is charging. I remember it was cheap, not sure how much.

$30 in AU ? That's probably not much worse/better than what I am seeing....I recall the coins being loose and not even in those little white square holders with plastic covering front/back.

 

I have always taken quality over quantity in life it's costed my 1 wife (LOL) but it's worth it !!!!
I have just started to applying that to my coin collection.
Thank you AGAIN & AGAIN .

 

$50 any Morgan? Any particular reason they were this high?

All of the loose dollars in a box at my shop are offered between $22 and $28 each. The $28 ones are the early date Morgans. Every once in a while I will see an AU 1921 and AU looking Peace Dollars together in the $22 box.

 

That's more like it !

 

You gotta go with ASE's hands down!! Number one, they are a single oz of .999 silver and Morgans are only 90% and less than an oz. Number two, they liquidate easier as far as trading bullion goes, it doesn't make sense to stack Morgan Silver Dollars. Morgans are for collecting and ASE's are for stacking, jmho.

 

It could have been lower....I usually go there to check what he has in gold, and was just quickly looking at his counter stuff.

Like I said, I'll check and report back. $50 did seem a bit high, maybe it was Take Any 2 ?

 

I think the attractions of Morgans is they are a part of American history, not too expensive, can get them as quasi-bullion or with a numismatic premium, and widely available.

It's an 'easy' coin to learn about if you are just starting out.

 

800 million morgans X 25= $20 billion
130 million saint gaudens x 1300= $169 billion

And what makes you say that collectors worldwide like Saint Guadens but not Morgans?

 

"It was my understanding...that math....would not be part of this event." - Chevy Chase

Seriously, that's a good point but I think gold investors also have more $$$ to spend.

I corrected my post above. Just over 64 million Saint Gaudens were minted. I think I added the Liberty DE's in the figure above.

 

Yeah, that number of 130 million is incorrect....

64 million Saints minted

104 million Liberty DEs minted.

 

I do like the gold coin's BUT It so costly .

 

Simple solution: win the lottery !!!

 

Now that's a great plan

 

IMO there is only 1 way to buy Morgans... Graded slabbed and certified... IMO you will have a lot more juice squeezed out of the fruit you are buying with the graded Morgans... vs buying them raw circulated. If you are going to go with raw Morgans.. you might as well go with American Silver Eagles... they move just the same with spot however at a lower premium. If silver ever falls again... not that it hasnt been for the last 3 years which is a perfect point. 3 years ago when silver was $49-50/oz you could pick up common date ms63 Morgans in the low $40 range... now those same coins are around $65-80 depending on where you are getting them from.

Even though silver has fallen graded Morgans hold their value!

 

That sure does make good since to me thank you .

 

I agree with you....my feeling is buy the top-end Morgans for numismatic/collector interest and if you want buy the low-end 'cheapo' Morgans for silver. If they ever produce ANY numismatic value, it's a plus.

I also think you can buy BOTH ASEs and cheapo MSDs.

FWIW, I just bought an 1898 MS64 PL Morgan.