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<p>[QUOTE=&quot;Beefer518, post: 2972888, member: 87737&quot;]I completely agree with Larry on this. Coins should be looked at as a hobby. Hobbies cost money, and typically don&#039;t make you money. The nice thing about coin collecting, is that while you may not make tons of money from it, you shouldn&#039;t loose much, either. Almost a hobby that pays for itself.</p><p><br /></p><p>Morgans are an extremely popular series. Except with me. I have an uncommon opinion of the Morgan series, in that, while they are popular, there are also too many (in my opinion) available for the market to sustain itself indefinitely. Numismatics may not be in the dumper like philately (stamps), but the younger crowd isn&#039;t as enthusiastic about coins nowadays like they were not too long ago, and those folks with the enthusiasm isn&#039;t getting any younger. IMO, there will come a point where the available coins (Morgans) far outweigh the number of interested collectors, and the market for them (which was artificially made in the &#039;20&#039;s and &#039;30&#039;s), will collapse. One thing that worries me about Morgans like the &#039;93-S, is what if another X-thousand of them are uncovered in a bank vault or someone&#039;s hoard somewhere, and many believe there are still large &#039;undiscovered&#039; hoards yet to be released. Breen reported that he knew someone that had a sealed bag of &#039;93-S, which may or may not be true, but there is still a potential of them and others being out there. If that was to happen, how badly would the value be affected? </p><p><br /></p><p>I also have a much different view on the old Silver Commemorative Series. I really like the set on a personal level, as I like the stories behind each issue, the artwork of each, and just think it&#039;s a cool series. I especially like the fact that it&#039;s pretty much at the lowest value it&#039;s been since the &#039;70&#039;s. In other words, I think the series has pretty much hit rock-bottom, and will only go up in value. Even if the interest in numismatics declines to extremely low numbers, most mintages in that series have such low numbers (less then 50k, and some as low as 6k), that I think interest would pick up because of the low numbers. In other words, they are scarce to begin with, and have been overlooked recently because of the huge beat-down they suffered in the 80&#039;s, folks are wary of them, but I think eventually the scarcity will overcome that fear.</p><p><br /></p><p>I&#039;m probably wrong on both accounts, but Morgans bore me, and Commems I truly enjoy, so I put my money and my beliefs in what I like.</p><p><br /></p><p>My suggestion? Buy what you want, because you want to, and not worry about it from an investment side. Coins, like Larry said, are a good place to park your money with minimal risk, and potential for good returns. And buy the best grade you can afford.[/QUOTE]</p><p><br /></p>

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