1878s morgan

Discussion in 'Coin Chat' started by bigbruiser94, Jul 26, 2014.

  1. bigbruiser94

    bigbruiser94 Active Member

    Pretty sure its cleaned but didn't pay much for it I didn't have one so I got it good enough for me to add to my collection
     

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  3. bigbruiser94

    bigbruiser94 Active Member

    I think VF details
     
  4. Sean the Coin Collector

    Sean the Coin Collector Active Member

    how much is not much ??
     
  5. bigbruiser94

    bigbruiser94 Active Member

  6. Sean the Coin Collector

    Sean the Coin Collector Active Member

    Not to bad, but not a steal either you could prolly sell it on ebay for about that !!
     
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  7. bigbruiser94

    bigbruiser94 Active Member

    I might put it on there to see what I get then try to upgrade
     
  8. Sean the Coin Collector

    Sean the Coin Collector Active Member

    Im thinking you will get what you paid for it !! My advice to you is instead of spending money on this type example save up the 100-200 bucks and purchase a MS64- MS65 example graded and it will go up in value much more then any of these cheap pieces !!
     
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  9. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    That's a highly debatable claim... if he wants a nice unc coin, he should buy one only if he will enjoy it, and not because it may go up in value.
     
  10. bigbruiser94

    bigbruiser94 Active Member

    That's the reason I buy all my coins is because I want them and enjoy them I like this one but decided I want to upgrade a few grades and I'll enjoy it more
     
  11. Sean the Coin Collector

    Sean the Coin Collector Active Member

    Coin collecting even though a hobby is still an investment!! Also why would you not enjoy a higher grade more ?? If you get the best pieces you possibly can you will be much happier with the collection and you will have a much easier time selling what you have purchased if need be !!!
     
  12. CamaroDMD

    CamaroDMD [Insert Clever Title] Supporter

    It is an investment in the sense that it will always have SOME value...but it is far from a sure thing to increase in value. If you are looking for a return on your investment...coins are not a predictable way to get it.
     
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  13. BHPM Trader

    BHPM Trader Active Member

    The coin is a cull and is worth $20-$22 tops. If you like it and it fills a hole in your set, then it's totally worth it.
     
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  14. CamaroDMD

    CamaroDMD [Insert Clever Title] Supporter

    I would agree. With the melt value trending just above $16 right now...I'd say right around $20 is the value. IMHO, $25 is high on this piece.
     
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  15. bigbruiser94

    bigbruiser94 Active Member

    I'm already up to $30 on bid so I'm good lol
     
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  16. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    No, Sean... as a general rule, at least in the way you're claiming, it's not.

    First, I said nothing about not enjoying a higher grade, so let's avoid the deflection and stick with the issue at hand. Now, regardless of personal preference, the fact is that neither a "MS64-MS65 example graded" of this date/mint or a generic problem coin (with minimal premium) should wisely be viewed as a so-called (numismatic) "investment", particularly one that "will go up in value". With that said, and as for the "much easier time selling" claim, depending on certain factors, it is absolutely possible or even probable that the low premium junk dollar could offer both an easier sale and better return.
     
  17. coinzip

    coinzip Well-Known Member

    That is about what its worth + or - a buck or two
     
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