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Morgan Dollars Simply Aren’t Worth Much Anymore
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<p>[QUOTE="GeorgeM, post: 7563938, member: 28550"]If you lack the knowledge to distinguish a G4 1887 Morgan from an MS65 1893, this perspective makes some sense.</p><p><br /></p><p>Before interest in Morgan Dollars spiked in the 1960s, high-grade MS examples were widely available and anything less than XF for most dates traded at a small markdown from its silver value (if it wasn't just deposited at the bank). After the silver bubble of the 1980s, high grade examples were no longer being marketed (as the supppy had largely been absorbed by collectors already). Well circulated examples of common dates took their place on the mass market. </p><p><br /></p><p>I think we can agree that a common date cull doesn't have the same investment value as a high-grade key date, can't we? </p><p><br /></p><p>As someone who works estate sales, I can vouch for other declines in value (& that the author's perspective on Morgans is flat out wrong). Just about all the other things that were widely pushed on collectors in the 1970s & 1980s are worth a fraction of their original sales price. Beanie Babies, Precious Moments figurines, comic books, etc. The things that have appreciated tend to be the things that no one was collecting, creating a scarcity. </p><p><br /></p><p>If you want to draw conclusions for long term investment... well, there are vaults full of other "bland" and unloved dollars right now. How long is your investment timeline though?[/QUOTE]</p><p><br /></p>
[QUOTE="GeorgeM, post: 7563938, member: 28550"]If you lack the knowledge to distinguish a G4 1887 Morgan from an MS65 1893, this perspective makes some sense. Before interest in Morgan Dollars spiked in the 1960s, high-grade MS examples were widely available and anything less than XF for most dates traded at a small markdown from its silver value (if it wasn't just deposited at the bank). After the silver bubble of the 1980s, high grade examples were no longer being marketed (as the supppy had largely been absorbed by collectors already). Well circulated examples of common dates took their place on the mass market. I think we can agree that a common date cull doesn't have the same investment value as a high-grade key date, can't we? As someone who works estate sales, I can vouch for other declines in value (& that the author's perspective on Morgans is flat out wrong). Just about all the other things that were widely pushed on collectors in the 1970s & 1980s are worth a fraction of their original sales price. Beanie Babies, Precious Moments figurines, comic books, etc. The things that have appreciated tend to be the things that no one was collecting, creating a scarcity. If you want to draw conclusions for long term investment... well, there are vaults full of other "bland" and unloved dollars right now. How long is your investment timeline though?[/QUOTE]
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