Cool Morgan Ring

THAT would be sacrilege.

 

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I'm not worried about it in the slightest. But it's worth pointing out that unlike a holed coin or a coin in a bezel, these rings destroy all collector value of the coin. It's just a lump of metal now that looks like it used to be a coin. And I also don't believe the notion that these sorts of activities don't have a measurable impact in a single lifetime. There is a whole cottage industry built on hammering old coins into jewelry, but the coin losses from jewelry pale in comparison to the coins that get shipped to the refiner each year - particularly when the price of silver spikes like it did a couple years ago. We lost half the Morgans ever minted in the two "great melts" of the 20th century, and that was nearly 100 years ago now. Heck, I know a guy who just lost a complete year and mint set if Morgans in a house fire last month. Will we run out of Morgans in our lifetime? Of course not. But when old coins are being taken out of the market DAILY from jewelry makers, refiners, natural disasters, and even doomsday preppers burying them in their backyards, you can bet there will be measurable increases in scarcity with every passing decade.

 

Absolutely. I view coin collectors as stewards of a unique type of history. I often enjoy thinking about the stewards that came before, and will come after me, when looking at the coins in my collection.