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Message:: [QUOTE="toddestan, post: 189495, member: 6366"]Remember, there can only be so many complete sets of Morgan dollars.  You are essentially limited by the number of remaining examples of the rarest piece.  Some pieces are pretty scarce, and it is likely that only a few thousand sets of Morgans could be ever be assembled (I'm guessing that only a few thousand examples of the 1893s survive - if you count the 1895p then only a few hundred complete Morgan sets can be assembled!).  Look at it from the perspective of supply and demand - a complete set of Morgan dollars requires one of each coin, so the demand from people collecting full sets is the same for each date/mintmark, but the supply (number of coins) is vastly different.  Increasing the number of collectors will have little affect on common dates like the 1881s, 1886p, etc. but a huge affect on the key dates like the CC's and the 1893s. So if I was trying to invest in Morgans, I would definently shoot for the key dates and semi-key dates.  I think that the grade rarities are more of a fad though, so I would probably stick with nice, original XF-MS63 examples of some of the more rare dates.  I might also look at the proofs too - mintages of about 1,000 or so per year, and demand is only going to grow.  But that's just me, if I was you I would come to your own conclusions first before buying.[/QUOTE]