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<p>[QUOTE="messydesk, post: 2990042, member: 1765"]I could go on for the better part of a week (specifically June 24-27, at the ANA Summer Seminar) about how you could collect Morgan dollars.</p><p><br /></p><p>You (the OP) suspect that the answer of how to collect them is "whatever makes you happy," and you're right. Slabbed coins will give you best liquidity if you need or want to sell in the future (PCGS, NGC, ANACS). A Dansco album full of circulated "junk box" coins may satisfy your need to have them out of a holder. No reason you can't have both, unless your budget dictates it.</p><p><br /></p><p>As for how to buy the common ones, it really depends on your budget per coin or for the set. A quick look at population reports and price guides will show you that there are many common date coins to choose from at the MS64-66 level. Don't just buy the first one that comes along. Look at a lot and buy the ones you like the best. It might have a better strike, better eye appeal, fewer marks, pleasant toning, or be an interesting or rare variety, but it should be something that sets it aside from the others, regardless of whether you're buying an MS64 or MS67. I wouldn't bother with a slabbed MS63 common date unless it had great toning, was severely undergraded, or was a variety I needed. Of course, knowing when that's the case takes a bit of experience. Buy a few common ones in 64 and 65 to get a feel for the series -- which dates are well (or poorly) struck, which are flashy, which have deep luster, which have a frosty look, etc. Ask people about coins you've bought. If they're honest, you'll learn something, especially if you made a mistake. Mistakes you make early shouldn't involve expensive coins.[/QUOTE]</p><p><br /></p>
[QUOTE="messydesk, post: 2990042, member: 1765"]I could go on for the better part of a week (specifically June 24-27, at the ANA Summer Seminar) about how you could collect Morgan dollars. You (the OP) suspect that the answer of how to collect them is "whatever makes you happy," and you're right. Slabbed coins will give you best liquidity if you need or want to sell in the future (PCGS, NGC, ANACS). A Dansco album full of circulated "junk box" coins may satisfy your need to have them out of a holder. No reason you can't have both, unless your budget dictates it. As for how to buy the common ones, it really depends on your budget per coin or for the set. A quick look at population reports and price guides will show you that there are many common date coins to choose from at the MS64-66 level. Don't just buy the first one that comes along. Look at a lot and buy the ones you like the best. It might have a better strike, better eye appeal, fewer marks, pleasant toning, or be an interesting or rare variety, but it should be something that sets it aside from the others, regardless of whether you're buying an MS64 or MS67. I wouldn't bother with a slabbed MS63 common date unless it had great toning, was severely undergraded, or was a variety I needed. Of course, knowing when that's the case takes a bit of experience. Buy a few common ones in 64 and 65 to get a feel for the series -- which dates are well (or poorly) struck, which are flashy, which have deep luster, which have a frosty look, etc. Ask people about coins you've bought. If they're honest, you'll learn something, especially if you made a mistake. Mistakes you make early shouldn't involve expensive coins.[/QUOTE]
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