What year of Morgan dollar's ???

Thanks Chris I will check that web sight out now .

Doug

 

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WOW that web sight (http://www.vamworld.com/1886-P VAMs) you gave me Chris is a game changer for me thank you !

I will get back to you with what I have .

 

I would also like to say, from personal experience, buy coins as a hobby, not as an investment. As a learning experience, try and sell the coins you have already purchased and see what you can get for them. If you can't break even or make money on them today, you (and anyone else giving you advice on "investment" coins) are purely speculating they will go up in value tomorrow.

 

Thank you & yes I really do enjoy the handling of coin's in all way's !

 

There are separate listings for every date/mintmark for both Morgan & Peace dollars.

Chris

 

Yes I am looking now Thank you .

It a hole different world of collecting.

 

I think the VAMs can add a new level to collecting Morgans & Peace dollars...but honestly I don't get that excited about it enough to pursue them on my own...at least right now!

(Since the cat is out of the bag anyway) The Morgan I sent to @silentnviolent for the Secret Santa last year, I never bothered or was very interested in looking it up while it was part of my collection. But he did and I thought it was all very cool.

 

I have been collecting US error banknote's for about 10 year's now ( I am just getting in to coin now ) & they have done well for me BUT it is a VERY select selling/buying/trading group out there .

 

I mainly collect coin, but I will go to banks and ask if they have anything cool for paper money, I sometimes will get a bundle of one dollar notes and search them for errors and star note, nothing much except for a very slightly misaligned 1976 Two Dollar note.

 

Let me tell ya this up tell about 5 year's ago I would get a star note / error banknote almost every other day BUT now your lucky to find one a month .

The picture I use a my profile is a 1969-A mismatched serial #'s graded a 65 out of 70 . I got this banknote graded & the value is about $550

 

Doug1974 ... You bought the commonest of common date Morgans. Still it is a nice looking coin. A word of warning ... there are a bunch of Chinese "artists" out there producing about as many fake Morgan Dollars as the US Mint ever minted. For example, I received a set of Morgan and Peace Dollars last week to evaluate for sale and in just eye-balling it I immediately pulled 5 fakes out. I found out from the owner that he paid almost $6,000 for these 5 fakes, and he didn't have any receipts for them so he could get his money back. So as a new collector I suggest you 1) keep ALL receipts, 2) weigh every coin, 3) examine every coin under high magnification and compare every detail against a known genuine coin, 4) test every coin you purchase, 5) NEVER buy anything from China, and finally 6) don't be misled into believing that every coin in a slab is genuine. You do these 6 things to protect yourself against being ripped off, and so when you sell them you can do so knowing with confidence that your coins are genuine.

 

That is a great list to follow & I will do just that .

 

Both Krispy & Book give excellent advice. I also agree that you need not stick to MS64 unless you have your mind made up. Many coins in slabs can be under graded and you might find a good deal lurking somewhere you did not expect. Many nice MS62/63's are also available for a lot less and you will not feel trapped by your decision of 64's especially when it comes to the hardest dates and MM's. Your decision to focus on Morgan's over Eagles is to be applauded. I personally would favor the Morgan's.

 

And don't forget to weigh them against a possible fake.

 

I have heard of fake coin's so I do like to weigh them & thank you for your feedback it is appreciated !

 

I might also say, that once you get this itch to buy it can be overwhelming to go outside of your budget. I usually treat myself psychologically by buying both a easy date and harder date at the same time thereby filling out a collection quicker. Like when I picked up my 1921 Peace Dollar in MS62 (ouch for the pocket book) but also bought a 1878 & 1878S at the same time. Made me feel better went I went home and filled three spaces instead of just one.

 

That is a great idea to keep in mind !

 

"Don't be mislead into believing that every coin in a slab is genuine".

You are, of course, correct. However, the problem is that with new collectors, it is fairly easy to overwhelm and/or scare them away from their budding interest by overburdoning them with too many cautions or warnings, so we must ask ourselves which is the worse of two evils: the risk of buying a counterfeit (or problem, altered, etc) raw, or a fake slab. Perhaps you will disagree, but in my most humble opinion, the safer and smarter route is, hands down, for them to stick to slabbed by either of the top two. The one big exception is if the new collector is fortunate enough to know a knowledgeable dealer (or even collector) willing and patient enough to walk them through the learning process. Unfortunately, most do not have this option, so that leaves them with slabs.

As for the "testing" recommendation, it may be wise to clarify exactly what you mean. Remember, we are talking about new collectors who may or may not realize the damage that can be caused by certain methods.

 

I recently saw, at a large coin show, 2 silver dollars of the same year and mint; one graded by PC*$ and the other by NC* (AKA the "top 2"). As the dealer pointed out they both had identical flaws in the exact same places. Without the two to compare side-by-side one would see them as genuine without a doubt; but considering the mathematical impossibility of two coins having dings and light surface scuffs in the exact spot one has to come to the conclusion that they are fakes; or at least one is. So NO! I do not trust slabs and NO! I would NOT suggest buying the "top two" just because they are the most well known grading companies.

As for testing, there is a simple test that does not damage a coin and that is lightly dropping it on a hard wooden surface from about an inch above it. If it "rings" it is silver; it it goes "thud" it's not. It is like testing crystal vs glass; thump it, one rings and the other clinks. Never use acids or abrasive means to test any coin.

 

Thank you & that's just wrong a slabbed fake coin