Best Silver Coins to buy and why

Discussion in 'Bullion Investing' started by WildWest, May 21, 2019.

  1. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Got me to thinking. I started my addiction buying cull dollars. They appeal to the coin collector in me. Somewhere along the way I became a rabid opportunist and now own bags, rolls and piles of dimes, quarters and such..... Stuff that consumes a lot of space. I may try to make some deal with my dealer. Swap him all my small stuff for full halves and dollars. Heck, I’m OK if he makes some overhead on me. It would be cheaper than purchasing a third safe!
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  3. FryDaddyJr

    FryDaddyJr Junior Member

    Morgans are the worst coin to buy
  4. WildWest

    WildWest Obsessive Compulsive Disarry

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  5. FryDaddyJr

    FryDaddyJr Junior Member

    high premiums. look at what you're paying for silver vs say a Roosevelt dime.
  6. WildWest

    WildWest Obsessive Compulsive Disarry

    Hrmmm...I don’t know. I like Morgan’s...I buy only high quality though...make sure they’re AU and up or I won’t take them home. I’ve had no problem getting the premium back for them the one time I sold a roll.
  7. FryDaddyJr

    FryDaddyJr Junior Member

  8. WildWest

    WildWest Obsessive Compulsive Disarry

    Lol! That’s a good sheet for a complete newbie. I’d like to think the majority of members here would be able to know the difference between a cull common date and a more desirable high grade rare date.

    You’re forgetting the numismatic value that’s added to morgans. Your argument is no different than saying don’t buy any barber quarters or standing Liberty half dollars that cost more than melt. It makes no sense. There’s plenty of numismatic value associated with most old coins and especially Morgan’s. Sorry, but that guide is for extreme newbies.

    Now if you’re talking culls and culls only...then I might tend to agree to a point. But I don’t buy culls so I’m not worried about that.

    The bottom line is Morgan’s are probably the most well known silver coin there is and it has a huge following.
    Last edited: May 29, 2019
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  9. -jeffB

    -jeffB Greshams LEO Supporter

    You feel that a Morgan has no value beyond its silver content. You may not be wrong, but as long as there are many thousands of avid buyers and sellers whose opinion differs, your opinion isn't entirely relevant.

    To me, silver bars bearing obsolete marks from highly-regarded manufacturers aren't worth more than melt. But I wouldn't expect to find them for sale at melt, and if I did, I'd buy all I could, in preparation for a quick flip.
    Mkman123 and WildWest like this.
  10. WildWest

    WildWest Obsessive Compulsive Disarry

  11. FryDaddyJr

    FryDaddyJr Junior Member

    sure, all those deals where you guys buy morgans cheap are fantastic. if you're buying from the major players the best value is generic
  12. WildWest

    WildWest Obsessive Compulsive Disarry

    That’s the only way to buy Morgan’s. I would never buy a Morgan from one of the big guys sight unseen. For the price I’m getting them locally I could turn around and sell to provident for a profit immediately! You have to shop around but the deals are out there. I just picked up 5 common dates in XF+ condition today along with a roll of dimes and it cost me what worked out to be 11x face. Local is the only way to fly.
    Randy Abercrombie likes this.
  13. Paul Wagner

    Paul Wagner New Member

    Have you considered US Mint modern commemorative silver dollars? There are many that have low mintages. They're the "coin of the realm" meaning USA production and recognized. With commem's you get interesting art that changes, known weights, none are circulated and currently a LOT of the premiums are washed out of them. Today, you're looking at 1st quarter of 2010's common issues' prices according to an old gray sheet page I have here. Coins that enjoyed steep premiums back then are down significantly, many more than 50%. Plus, nobody is really talking about them.
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