I read an article in which Scott Travers reverses his earlier position on graded Morgan dollars. He now states that Morgans in grades 63 and 64 should see good appreciation this year, even with common dates. Anyone have thoughts on this, and, further, who sells clean graded Morgans for a reasonable price?
He said WHAT? Yeah, go load up on 1881-S Morgans in MS63 In all seriousness, I do not agree with him.
If he expects an appreciation then he must figure the demand is growing and will continue. To me, that's speculative. What's a "clean graded" Morgan? Allen
I don't agree either. I'm going to go with what David Bowers says and buy the highest grade coins you can afford. If you are looking for lower MS grade common Morgans I would say Heritage. IMO Just because it seems the lower grade coins get overlooked, for the higher ones.
Neither would I, especially not since they have just come off a 10 year high. You have to remember gang, these guys who make such predictions also sell coins for a living. Do you really expect them to tell you prices are going to drop ?
I have VERY few Morgans that grade MS-64 or have the potential to grade that high. I went after one of each date/mintmark combo. All my graded stuff are the keys and semi-keys and they run at best VG.
Hey, I'm glad for the good advice. The majority of people on this site are looking to be helpful, as I am. As they say, take the good, ignore the rest. I guess MS 64 is the lowest grade one should go, though I've seen some bad ones graded MS 64.
I'm glad I buy Morgans because I find them very pleasing and not because I'm trying to win the lottery. Ruben
mrbklyn, Did you ever receive my message that I'm from the Bronx, though now I'm in CT. Were you in Brooklyn in the '60s? What kind of Morgans do you buy. I've been buying ungraded coins that I like. I haven't been convinced that grading is consistent.
Yes - I sent a reply through the PM system. Welcome to Cointalk (you traiter!) Grading on Morgans is suprisingly consistent. A few weeks of looking at Heritage auctions and nearly anyone can see the consistency and improve dramatically their grading of photographs. OTOH Its not perfect. Ruben
Yes, mrbklyn, very '60s. When I figure out how to post photos, I'll send you some from my '50s childhood in the West Bronx. Living at the high altitude there, we got bombarded with snowstorms. That's when you could count on building huge forts and tunnels in the winter snow. Geez, I wish I had some of the coins my father and I used to put in Whitman books when I was a boy and he'd come home from the bar with a pocketful of Indian nickels, standing liberty quarters, mercury dimes, wheat cents....I think my mother sold them to feed us when he died young and left the family penniless, just a hard-working truck driver. I've been collecting for two years, but I haven't found my place yet.
