Help me purchase my first Morgan Dollar Graded/Non-Graded

Limit $104.

After browsing the forums and seeing what goes on here, i figured there would be no better place to ask this question than to veterans.

Where do you go for Morgan Dollars?

I don't have any, and I am interested in buying one. Graded or Non, I don't have a preference as long as its real .

I use eBay for most of my purchases. There could be a better way... So here I am.

 

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Heritage, Great Collections, the Sales threads here, the sales threads on the PCGS and NGC forums, and Collectors' Corner are all useful. EBay can be okay.

On another note, my advice is to stick with eye appealing specimens and do not settle. There are plenty of specimens to chase after out there, even with some of the semi-keys. I avoid common dates in lower graded (< MS65) condition unless the coins have some unusual attribute such as exceptional toning, PL/DPL fields, and/or cameo contrasts.

 

I forget how many posts you need to post in the "Wanted" forum... maybe no restrictions. That would be a good place to start (in addition to what CoinChemistry posted above).

Is there a dollar limit for your purchase? If so, that would help.

 

I'd like to stay in the $104 range. Not going over. And i'll look for that forum now.

EDIT: Yes, i need to have privileges to post there. That's fine though, someday...

 

As a new buyer, I'd recommend you drive to a local coin shop if you have one near by. Buy your first Morgan Dollar there. Get a common date, you can pick one up in average circulated condition (Fine-Extra Fine) for a few dollars over melt.

It's much better for a beginner to see the coin in hand rather than buy it over the internet for your first purchase. Ask the dealer to show you coins in different grades and explain the price differences based on condition. Turn it into a learning experience. Much more satisfying than buying it over the internet in my opinion.

 

That's an excellent option. I currently reside in a small mountain town. We don't have any coin stores here so i'm out of luck. A trip to Denver or Springs might be in order!

 

Here... https://www.cointalk.com/reviews/nice-common-coins.252539/

Last I checked, there were a lot of neat OGH Morgans though ebay...

http://stores.ebay.com/GoldenShowerWisconsin

 

Before making any suggestions, it might help to know what your budget will be for this coin.

Chris

 

See post #4.

 

I'd aim for a better date that jumps up a lot in full gem. Look for a coin in 64 with nice eye appeal, better date like 79, 84, 89, 21s. I have sold them below CDN.

 

I would still avoid generics below MS65 absent phenomenal eye appeal or other special attribute.

 

Great eBay seller, fair prices and nicely toned coins!

I wouldn't care too much about the grade or the date/mm. Do you want a white coin, or rather a rainbow toned Morgan? Buy the coin you really like, the one with the most eye-appeal, preferrably slabbed.

 

i'd make the same suggestion as Race did, make a trip to the city an go to a coin shop and examine multiple coins in hand, there u can compare graded versus ungraded and ask questions and for 104 bucks u may even be able to get 2 nice coins...

 

Now, how did I miss that? Nah! Someone is trying to put one over on me.

Chris

 

Golden years ...?

 

I sold a lot of common-date 65's within the last 6 weeks on eBay, and they all closed at $150-170. You will probably fare better with 64's, but I don't think you will get any DMPL's.

Chris

 

I don't collect gold.

 

Good thing you be missing that too

 

USE EBAY

 

eBay + new coin collector = asking for trouble.

Unless you're buying from a known, reputable seller.