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Should I- and which "Junk" morgans should I buy? Lets discuss this!
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<p>[QUOTE="WingedLiberty, post: 1184636, member: 26030"]if you are a coin collector as well as an accumulator of bullion, then buying older coins does have some appeal. In my accumulation of bullion over the past 30 years, i have bought the spectrum of coins: from massive numbers of ASE's --to additional premium coins such as rolls of uncirculated peace and morgan dollars, bags of circulated franklin, walker, and barber halfs, circulated merc dimes. I bought these latter coins because I found them "interesting" and they are a bit more fun to look at that all those freshly minted ASE's. One thing I have noticed though, if you think silver is going much higher, and you are buying silver as an "investment" to make money as silver prices rise, stick with the ASE's over all other forms of bullion. They rise in concert with the price of silver -- while coins you pay a higher premium for tend to have their margin premium squeezed as silver prices rise so they dont rise in value as much. However if you are a collector of coins, you might get more enjoyment out of these older U.S. coins -- but I dont think they are as good of an investment vehicle as the ASE, based purely on a rise in bullion prices. Just my opinion! By the way, there is a real shortage of ASE's right now -- so it wouldnt surprise me to see the margin premium continue to rise on ASE's over the years. Also you could attempt to buy some ASE's from the lower mintage years from the mid 1990's -- right now they are not that much more than the common later years and they could develop much larger premiums in the decades ahead.</p><p><br /></p><p>a final benefit of ASE's as they will be the easiest to resell.[/QUOTE]</p><p><br /></p>
[QUOTE="WingedLiberty, post: 1184636, member: 26030"]if you are a coin collector as well as an accumulator of bullion, then buying older coins does have some appeal. In my accumulation of bullion over the past 30 years, i have bought the spectrum of coins: from massive numbers of ASE's --to additional premium coins such as rolls of uncirculated peace and morgan dollars, bags of circulated franklin, walker, and barber halfs, circulated merc dimes. I bought these latter coins because I found them "interesting" and they are a bit more fun to look at that all those freshly minted ASE's. One thing I have noticed though, if you think silver is going much higher, and you are buying silver as an "investment" to make money as silver prices rise, stick with the ASE's over all other forms of bullion. They rise in concert with the price of silver -- while coins you pay a higher premium for tend to have their margin premium squeezed as silver prices rise so they dont rise in value as much. However if you are a collector of coins, you might get more enjoyment out of these older U.S. coins -- but I dont think they are as good of an investment vehicle as the ASE, based purely on a rise in bullion prices. Just my opinion! By the way, there is a real shortage of ASE's right now -- so it wouldnt surprise me to see the margin premium continue to rise on ASE's over the years. Also you could attempt to buy some ASE's from the lower mintage years from the mid 1990's -- right now they are not that much more than the common later years and they could develop much larger premiums in the decades ahead. a final benefit of ASE's as they will be the easiest to resell.[/QUOTE]
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Should I- and which "Junk" morgans should I buy? Lets discuss this!
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