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<p>[QUOTE=&quot;luvNlife, post: 25046707, member: 38897&quot;]Though I joined this forum in 2012 when I was still stacking bullion, I have been a way for a while. I&#039;ve recently rekindled my interest in collecting coins that I find interesting or cool.&nbsp; I&#039;m currently starting to put together a collection of 1878 Morgan Silver Dollars.&nbsp; I like the wide variety (with all of the VAM&#039;s),and think that being the first year is extra cool, to me at least.&nbsp; </p><p><br /></p><p>I&#039;m doing it mostly for fun, and to have something cool to leave to my kids one day, hopefully a very long time from now.&nbsp; Though my son is a police officer, he has a degree in anthropology. He shares my appreciation of some of our historic coins here in the US. Having looked at a local coin shop, and at a lot of pictures, and some of my own coins with 3x, 10x and 30x loupes, I &#039;m starting to remember why I often favored AU coins in the past. Especially at AU58 a lot of the coins, to my eyes, look much better than many of the MS60-62 coins, and some of the MS63. I purchased a 1878 8TF locally a while back, ungraded, but estimated at AU58.&nbsp; It has a good strike, and things like the hair detail above Liberty&#039;s ear is much more clear than on a lot of MS coins that don&#039;t have as good of a strike. The feathers on the eagles head and chest are also very well struck and very defined.&nbsp; I will get a pic of it soon, and post it. </p><p><br /></p><p>What is the current, most common thinking on graded vs ungraded at the AU level of Morgan&#039;s?&nbsp; I&#039;m confident enough in my ability to semi-accurately gauge a coins grade to avoid really over paying. I&#039;m fairly confident none of the coins will ever be sold, unless I come across a deal on a coin that would represent a nice upgrade.&nbsp; Like anyone, I&#039;d prefer coins that aren&#039;t likely to take a drastic hit to their value, but I know that is always a possibility.&nbsp; I&#039;d rather have a collection I enjoy owning, looking at and appreciating. If something causes the collectible coin market to tank I guess I&#039;d rather be setting on several dozen AU58 coins than a&nbsp; similar amount of MS63 or better.</p><p><br /></p><p>Any advice or thoughts would be most appreciated.[/QUOTE]</p><p><br /></p>

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