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Joined for the skinny on investing in slabbed Morgans...
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<p>[QUOTE="19Lyds, post: 1926260, member: 15929"]Gnomey: If you are truly interested in collecting Morgans then just spend some time "looking" at Morgans in hand.</p><p><br /></p><p>DO NOT just buy the first pretty one that passes by.</p><p>DO NOT buy without comparing prices and shopping around.</p><p>DO NOT expect your investment to mature in 50 years.</p><p>DO NOT buy the "next big thing"! (Even in Morgans)</p><p>DO NOT expect your children to appreciate what you're doing or have done. Some folks, regardless of influence, simply do not nor ever will understand and appreciate coin collecting/collectors.</p><p><br /></p><p>DO expect to lose money.</p><p>DO expect to learn how not to lose money but only after you've already lost some money.</p><p><br /></p><p>The MOST you could ever hope for is perhaps a 10% loss on your "investment" because rarely do folks buy low and sell high. More often than not, folks buy high and sell low for whatever reasons.</p><p><br /></p><p>The real "key" is to enjoy what you are doing and fully understand that coin collecting, even with Morgan Dollars, is simply not a good investment opportunity.</p><p><br /></p><p>They are definitely fun to collect but can also be very humbling when it comes time to sell.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 1926260, member: 15929"]Gnomey: If you are truly interested in collecting Morgans then just spend some time "looking" at Morgans in hand. DO NOT just buy the first pretty one that passes by. DO NOT buy without comparing prices and shopping around. DO NOT expect your investment to mature in 50 years. DO NOT buy the "next big thing"! (Even in Morgans) DO NOT expect your children to appreciate what you're doing or have done. Some folks, regardless of influence, simply do not nor ever will understand and appreciate coin collecting/collectors. DO expect to lose money. DO expect to learn how not to lose money but only after you've already lost some money. The MOST you could ever hope for is perhaps a 10% loss on your "investment" because rarely do folks buy low and sell high. More often than not, folks buy high and sell low for whatever reasons. The real "key" is to enjoy what you are doing and fully understand that coin collecting, even with Morgan Dollars, is simply not a good investment opportunity. They are definitely fun to collect but can also be very humbling when it comes time to sell.[/QUOTE]
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