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<p>[QUOTE="dragonwalker, post: 26501905, member: 30921"]I have had an interest in coin collecting for a long time but never seriously got into the hobby. Every time I get interested I get intimidated that I won’t make the right choice and get ripped off so I never end up getting anything. I think this time I’d like to take the plunge and get something that can at least hold value and potentially grow over time.</p><p><br /></p><p>I really like the Morgan Silver dollars. They are fortunately very popular and I’m looking at a Carson City variety. From some of the research I’ve done, I should aim to buy one in as good a condition as I am willing to spend so at least a MS63. I’m thinking of something around the $500 range.</p><p><br /></p><p>Not only do I want to get a CC Morgan but I think it would be great if I can get one with a nice toning. However, I’m a complete amateur at deciding whether or not the toning on any specific coin helps or detracts from its value since I’ve learned that the effect can impact its value both ways.</p><p><br /></p><p>I know there are resources to buy to read up on it but for now I’m looking to getting just 1 coin so I wanted to hold off on that research if my interest continues.</p><p><br /></p><p>I’m thinking of going to a near by show that has about 30 dealers in the LA area (North County Monthly Coin Show in Anaheim, CA) and seeing if I can find the coin. Can someone give me an idea of how much of a premium is the typical sticker price against actual value on this kind of Morgan I’m looking for? Let’s say the coin is generally valued at $400, what would a typical dealer charge for it? What is the best way to negotiate down to the fair price for it?</p><p><br /></p><p>Also, is there much of a premium value in getting a Morgan CC in one of those GSA plastic holders or is a graded slab just as good?[/QUOTE]</p><p><br /></p>
[QUOTE="dragonwalker, post: 26501905, member: 30921"]I have had an interest in coin collecting for a long time but never seriously got into the hobby. Every time I get interested I get intimidated that I won’t make the right choice and get ripped off so I never end up getting anything. I think this time I’d like to take the plunge and get something that can at least hold value and potentially grow over time. I really like the Morgan Silver dollars. They are fortunately very popular and I’m looking at a Carson City variety. From some of the research I’ve done, I should aim to buy one in as good a condition as I am willing to spend so at least a MS63. I’m thinking of something around the $500 range. Not only do I want to get a CC Morgan but I think it would be great if I can get one with a nice toning. However, I’m a complete amateur at deciding whether or not the toning on any specific coin helps or detracts from its value since I’ve learned that the effect can impact its value both ways. I know there are resources to buy to read up on it but for now I’m looking to getting just 1 coin so I wanted to hold off on that research if my interest continues. I’m thinking of going to a near by show that has about 30 dealers in the LA area (North County Monthly Coin Show in Anaheim, CA) and seeing if I can find the coin. Can someone give me an idea of how much of a premium is the typical sticker price against actual value on this kind of Morgan I’m looking for? Let’s say the coin is generally valued at $400, what would a typical dealer charge for it? What is the best way to negotiate down to the fair price for it? Also, is there much of a premium value in getting a Morgan CC in one of those GSA plastic holders or is a graded slab just as good?[/QUOTE]
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