MS67 star Morgan

Thanks oval! Yes, Todd at BluCCPhotos is premier!

Doug21, if your ex wife looks like you avatar, I'll consider it! Always had a thing for Mary Ann.

Trust, so glad to see some younger collectors on here! You guys are our future. What is your collecting fancy?

 

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Well I am 14, and I don't really favor only one kind of coin, like Lincoln cents for example. I sure do love the Matte Proof ones though, and key dates. I vary between Lincoln Cents, Morgan Dollars, Liberty Nickels, and Mercury Dimes. All though I've taken interest in the US Pre-1933 Gold coins and have ever since picked up a $5 Gold Liberty Head and a $20 Saint Gaudens. I really like TONED Proof Seated Quarters, I've seen some beautiful ones in hand, however, that will have to wait for a long while because I am paying my Dad off for two coins that he helped me buy. All though I've been trying to pick up a CC Morgan Dollar in a grade of atleast MS-64 certified for under $300. They seem to stay consistent at around $250, so I like that!

So that is my collecting fancy.

In case anyone is wondering on what two coins Dad helped me get, it's a 1910 Matte Proof (MPL) Lincoln cent in PR-64 RB and a 1924 Saint Gaudens Double Eagle in PCGS certified as MS-64.

 

I'll look forward to seeing them. You'll be quite pleased, I'm sure.

 

coinguy56, i am impressed with your taste in coins at 14!
what a superb range of likes.

 

Hope you have lots of yards to mow in the area.

 

Very excellent! Heres how you can tell the difference between a businessman and an accountant. the accountant will only put down the value of out of pocket which was $1000 for you. the businessman will still consider it $1530 because that $1000 invested was made in mind with future perceived profits.

By the way, thats one of the sickest rainbow toner's of all time!

 

This made me laugh! I like the way your mind works. Agreed!! Actually when I put $60,000 in gold and silver in 2009 I had no idea I would make 50% profit in the gold and 100% profit in the silver in 18 months. I was thinking I would make those kind of returns in 5 or 6 years; so I really feel ahead of the game. Sometimes I will pull out a bullion coin and go trade it for something fun exciting that "scratches my coin collecting itch". Bullion is great for making tons of money, but it's not terribly interesting. My bullion gains has definately helped to defray the cost of my rare coin hobby. Most of my rare coins actually feel like they were free to me as they were bought with bullion profits; so I suppose I am looking at this like an accountant!

Amazingly, the coin actually looks better in hand than the photos. Here is the zoomed up image of the reverse. There is a tiny bit of that rare salmon pink/violet combination just below the MER in AMERICA, but it's not nearly as prominant as on the obverse.

I find it interesting that the denticles on this coin show the rainbow colors (same on the obverse). Take a look at the bright rainbow colors on the denticles below the word DOLLAR. I think that's a rare characteristic.

By the way, does anybody know why the "t" in trust is not capitalized? It always looked so strange to me to see "In God We trust" on the back of the Morgan Dollar. On all other U.S. Coins, all the letters are capped. There must have been a reason the designer George T. Morgan did that.

 

haha i can't help but think that way as all i've learned the last 5 years is business school, business school, business school. Will have my Bachelors in Admin. in a few months. I wish I would have gotten into this hobby much sooner and not sure why I didn't! Was never a fan of the stock market volatility, But I was a fan of collecting, trading, and selling. Wasnt until my grandpa showed me a pile of Morgans I realized the potential, now silver just seems so appealing. I think long term 10-20 years theres no way silver doesn't make huge gains, compared to today. Anyways, thats why I'm here, feel free to share more sick stuff!

 

With the way it rains sometimes, that won't be a problem!

 

The "w" is actually lower case; it just appears to loom a little large. Compare the "u" in "trust" to its two "t's" for another example of size discrepancy. There are many versions of "Old English" or Gothic fonts (which derive from medieval German Blackletter script) of which this is one (or was one during Morgan's time). You can google "Old English" to see myriad examples of these and to see how the cap "w" differs from the lower case.

BTW, man, I wish I had had $60K to invest in PMs in '09. Congrats on the good fortune!

 

Wow, thanks for clearning that up for me. All these years I thought the "W" in We was capped. So it's written "In God we trust". That makes more sense.

You know, I was pushed into it by Bernanke. When he started his "Helicopter Ben" personality after the 2008-2009 financial crisis (flying in a helicopter dropping money on Wall Street and Corporate America, with all the billions in bailouts). My thought was he's going to print massive amounts of paper currency and trash the dollar to save the banking system. Funny, I made money even though I was sort of wrong in my analysis. The dollar has actually held up much better than I thought it would -- but silver and gold took off anyway. I have to chaulk this up to getting lucky. I'd rather be lucky that good any day. I still think silver will head back towards $50 (perhaps $60) later this year ... and gold towards $1700+. I dont think this move in PM's is done by a long shot -- and with the current weakening economic indicators and the recent slide in commodoties, I wonder if QE3 (Quantitative Easing, part 3) is in the works.

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I check in on the PM threads from time to time and have seen some of your posts there. You seem to have a good sense of things and I'm generally impressed with the many informed voices on those threads. Unfortunately my story is different: I have no background in finance, got back into collecting about 3 years ago and, I'm embarrassed to say, promptly and with no research into the market sold my silver in order to buy coins. It wasn't that much and was all profit since I had had the junk silver for a while, but, in hindsight of course, had I used any sense at all, I would've learned a bit about the market and sold it off incrementally—or perhaps even diversified from my mutual finds and bought into PMs. Such are the lessons of investing.

 

Well my 1st wife isn't yet my ex-wife....working on that stuff !

She looks like Rhea Perlman ... Carla from Cheers !

I'm more like Kevin James... Doug Heffernan from King of Queens.

Wife be 7.5 years older than me....not working great I'm 47 she's 55....trying to sell house and get away from each other....long term !

 

Doug21, that sounds like torture. Sorry. At least it sounds like you are moving in the right direction now. Keep looking for a Mary Ann type, the right woman is out there somewhere.

Oval_Man, yes the opinions on this board are wide and varied on PMs. Painful story on the silver sale, but we've all made financial moves like that from time to time. Look at the bright side, at least your holdings were relatively small, and you did make a good profit on it. I have to say, investing is not easy -- there are so many moving parts -- so even the people with a background in finance get confused and are often wrong. (Just watch CNBC for a few weeks and you'll see what I mean.) Yes, the lesson of not buying rare coins as an investment is a hard one. Took me 40 years to come to that conclusion. Having bullion over the long term, then buying some rare coins with the profits from the bullion I find is the best strategy. That's the only thing that's really worked for me. So what coins did you buy after your bullion sale? What's your fancy? One thing is for sure, I, along with most people on this board, LOVE rare and unusual coins. It's a passion. Bullion is great as a money making device, but it's not as interesting (to me at least).

 

It's not hard to manage mutual funds but aggressive investing, such as with PMs or stocks, takes a stout heart. Many people simply aren't wired, or, in my case, don't feel experienced enough to do it. I have a good head for math and have learned a lot about basic investing over the years, but without a solid background in finance I'd be reluctant to be more aggressive with the process.

Your strategy of buying coins w/ bullion profits sounds solid enough; I think the point is to buy with disposable income as I'm sure most here do.

With respect to passion for coins, I'm probably in the far minority on this site: I'm an artist (and professor) professionally, so art is my passion and coins a fairly small offshoot of it. To go further, as much as I enjoy coins—as visually- and historically-interesting as they are—the history of coinage doesn't hold a candle to the history of art. I always try to encourage people who consider themselves visually oriented to spend time in an art museum if they haven't, and some collectors probably do, but unfortunately, many people think an art museum too "uppity" or boring, both of which are rather silly misconceptions. Museums are there for anyone's enjoyment, they're often free, and you can actually learn something about yourself.

As to what I've collected with my (modest) bullion profits, it began with MS64-65 Morgans and slowly morphed into an interest in a type set. It's been a slow process; I'm taking my time!

 

What about you, Winged? What's your collecting history and what have you been focusing on lately? I've seen quite a few of your recent items on various threads here; are you working toward specific goals?

 

Hey oval, that's cool that you are into art. It's interesting to hear about the range of people on this board. I have logged some time in galleries and museums. I saw a lot of great Rembrandts when I was in Amsterdam. Not fond of Van Gogh though. (To each his own, right?). It's so funny that Rembrandt is his first name, not his last. He promoted himself like Madonna or Prince or Sting back in the 1600's (I think that is the right century?)

Interesting that you are into high grade Morgans and type collecting. I am roughly the same (Morgans and type coins). I generally buy what appeals to me (i.e. what I find beautiful or interesting).

What has really excited me lately are beautifully toned coins (colors or darker shades). I dont really have a specific goal per say. Just accumulating stuff I like and enjoy.

 

That's good to hear!

I pretty much do the same. "Type" is a loose parameter! I've not had the budget this year that I'd like, though; have had to cool things.

 

Wow! Don't know what I'm more impressed by...the iPhone photos or the coin!


The coin really is a stunner and I can't wait to see how Todd photographs the coin, he does wonders....