Joined for the skinny on investing in slabbed Morgans...

This thread has been derailed multiple times at this point, I figure I might as well add my random thoughts to this mess:

I see so many green "supporter" badges under the avatars these days, I feel like I am missing out. I need to get paid-up.

 

Gnomey - are you aware or have you ever heard what happened to the value of coins, in particular Morgans, in the 1980's ? As they say, a picture says a thousand words.



Now looking at that graph above suppose you bought Morgans starting in 1986, almost 30 years ago, and continued until buying them until 1989. How would you feel today ?

And this is what has happened with the value of Morgans in just the last 10 years.




Kind of looks like a yo-yo doesn't it. Well, that's because the coin market is kind of like a yo-yo. It doesn't just go up. There are lots of downs too. And sometimes those downs can last a long time like the first chart shows.

In the early 1980's those nice Morgans you're talking about cost about $100-$150 each. By 1989 they cost about $1500 each. And the people who bought them during that rise to the top, still haven't made their money back even today, 30 years later. And they likely never will. Nor will their sons and daughters.

Food for thought.