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<p>[QUOTE=&quot;Morgandude11, post: 4571848, member: 37839&quot;]I just wanted to write a thread regarding buying common date Morgans, and the most cost effective grade, or grades to obtain a really nice looking coin.&nbsp; As a 60+ year collector, I have bought and sold these coins for years, and many fellow, and beginning collectors of the series ask what is the best way to begin, and get “value for the dollar.”</p><p><br /></p><p>First, decide what your budget is, and what your objectives are.&nbsp; Do you have $75, $100, $200,$300, $500 or more to spend PER coin?&nbsp; Be very practical in this area, as it will, obviously, dictate grade.&nbsp; Low grade MS or high grade common date AU coins can be found for the $75 budget.&nbsp; If one wants a nice mid-grade MS coin,&nbsp; we are in the $100-150 range.&nbsp; I am talking about attractive coins—not coins lacking in eye appeal.</p><p><br /></p><p>For gem grade coins, it obviously depends on date.&nbsp; I ALWAYS recommend starting with the 1880s, 1881s, 1882s Morgans.&nbsp; They are plentiful, well-struck, and reasonably priced for Morgan dollars.&nbsp; A collector can obtain an attractive MS 65 gem in a PCGS or NGC holder for approximately $125-150.&nbsp; The same goes for a lot of the high mintage New Orleans and Philadelphia Mint issues.&nbsp; Check the PCGS price guide, and other sources for monetary guidelines, and current prices.&nbsp; Remember, with Morgans of common date, there are conditional rarities.</p><p><br /></p><p>For collectors wanting really choice gem coins, the most cost effective grade for common dates is MS 66.&nbsp; In the $200-400 price range, common date 66, and 66+ coins can be had that are ones you would not want to replace in the future for upgrade.</p><p><br /></p><p>Toned coins and Prooflike and DMPL coins are a different story.&nbsp; Many of them get pricey, and the premiums for these coins are substantial.&nbsp; Finding a beautifully toned 1885o selling for $1000 is by no means unusual!!</p><p><br /></p><p>So, to answer an oft-asked question, the most cost effective dates for Morgans fall into 3 dollar categories:</p><p><br /></p><p>Low—AU 58. Under $100</p><p>Medium MS 63-64. $100+</p><p>High—MS 65-66+&nbsp;&nbsp; $200+</p><p><br /></p><p>This applies to certified coins. If one wants to go the raw coin route, by all means do.&nbsp; However, know how to grade, deal with reputable dealers, and buyer beware!</p><p><br /></p><p>Good luck, and happy hunting,</p><p>Morgandude11.[/QUOTE]</p><p><br /></p>

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