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Message:: [QUOTE="umtrr-author, post: 216687, member: 5719"]Pratt, let me go back to your original statement "I've always wanted a Morgan Dollar."  Have you thought about what date and what condition or are you looking for a "type coin" meaning (to some, not all) the best possible condition that one can afford without a lot of attention to the date. Looking at the May 2007 issue of "Coin Values" (just one source, not the best but it will do for this purpose) I see that a common date Morgan like the 1921 has a price of $17 in XF-40 (Extra Fine), $18 in AU-50 (about uncirculated) and $21 in MS-60 (your basic Uncirculated).    They go up from there; but there are a few dates in the 1800's that aren't too much more expensive, for example an 1885 for $21, $23, and $36 in the same three grades. It is possible to buy "just a Morgan" at close to its silver value but it would be pretty worn out.  When I bought Thalia Elizabeth a Morgan for her Twentieth Century Type Set, I think I paid something around $15 (plus tax, grrrr) for it from our local child-friendly coin shop.   It is not anything to write home about, a 1921-P in "circulated condition" (probably VF / Very Fine) but it's OK for an almost seven year old.   So it can be done on a budget. On the other hand, much advice given in coin collecting circles is "buy the best coin you can afford."  If you are, say, halfway to something nicer (like that same 1921 in MS-64 which would be $44 according to the same list) you might do well to keep saving for it instead of going for the "Instant Gratification" item that won't be worth much more than the value of the silver that's in it. Good luck, and keep reading and learning![/QUOTE]

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