Silver Dollar investment

I need some advice. If you were to buy some silver dollars for investment purpose would you buy Barbers, Morgans or silver eagles?

 

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Well, I'd stay away from Barber Silver Dollars, especially since they don't exist.

Aside from that, your question concerns me a bit, since Morgans and SEs are in completely different categories. I think you need to decide what you are really trying to do - buy silver bullion, or collectable coins.

 

I prefer Morgan Dollars.Which Morgan Dollar I buy depends on how quickly it seems to gain in value.

 

maybe certified xf/au seated lib?

 

Question is how much you are willing to throw into such investment. If you are just looking for less than couple of hundreds, it's better if you just take it as a hobby.

 

If I was investing a few thousand, I would look for certificated, nicer than
the grade 1884-S AU-55/58, 1892-S AU-55/58 and a 1901-P MS-60 or
maybe just the best 2 of 3 scenarios.

If Ihad more (hey, its my imagination) then I would add a
1889-CC, 1892-S, both AU55-58, and maybe sub the 1901-P MS-60 to a
nice MS-62. I like the AU58 and the MS-62 grades on rare coins as it
is sometimes possible to get a "rarity" boost of a point or so in grading.
I would use the better TPG companies.

ALL JUST my opinion. Your mileage may vary. I admit I am not very much
of a morgan watcher

 

I do a little of both honestly, I have some proof SE's and some certified Morgans, but I have more Morgans than SE's.

 

For investment purposes, my advice is to learn as much about the hobby as possible. Talk to individuals (like you are already doing) and read the lnumismatic literature. Concerning yourself with investment can be dangerous, as there are many gimmicks out there in the market (TV Shopping Network coins for example). So, take your time learning what coins may prove investment worthy, and most of all, enjoy the hobby!

By the way, I would put my money into high grade Morgans (MS 65 and up) from top certification services.

 

As has been said before, but I'd like to make sure is totally clear, your decision will be largely predicated on what precisely you want to do: Invest in bullion silver, or invest in coins that just happen to be mostly silver. Former? SAE, or low-grade common-date Morgans. Latter? Key/semi-key Morgans in whatever condition you feel you can afford, or more common Morgans in the higher grades. If you go for option B, make sure you stick to the slabbed coins unless you've got an excellent eye for cleaned coins. And do I need to state that sticking with the better-known and well-respected TPGs is an excellent idea?

Me, I still can't see it most of the time.

Good luck,

Fish

 

You don't state what your investment goals or thesis is for buying coins, but if it is to take advantage of a potential rise in silver prices over the next few years, silver eagles and Canadian maple leafs are about the best vehicles in my opinion for small amounts of money. If you are talking about large amounts of money, look at something like fidelitrade.com [note: I have never dealt personally with Fidelitrade and can't vouch for them] or do some research on the silver ETF. Once you start paying large numismatic premiums for coins, you have become a hobbyist, not an investor.

 

The coin market can be like the stock market in that it all depends on what kinds of risks you are willing to take if this venture were to be purely for investment only. Personally, I would go with gold if you were looking at the hundreds to thousand dollar bracket. I would much rather have one gold coin than ten silver.

 

i go for the morgans because i bought one last year for $18 and now it's worth $20 according to the redbook.

 

If you want to invest in the "silver market" ASE's are one way to go. They are coins minted by the FED. but they can be bought at almost spot silver prices, some years that is.

If you want to invest in "silver coins" make a real investment and buy key date coins or commemoratives. It seems these coins always will go up over time because of low mintages.

Remember when investing in anything that there is no sure thing, you can always loose your shirt, if not have it stolen.

If your like me and are a coin collecting freak it doesn't matter what coin prices will bring in the future. What matters is that I have the coins in my collection.

 

Someone beat me to it. This is exactly what I was going to say.
As to coins being an investment? Also, as already noted, sort of like the stock market. :thumb:

By the way if your looking for a great investment, go for buggy whips. If the price of gas keeps going up, horses will make a comeback. :smile :smile

 

I like Morgans And SE's. I like collecting Morgans. I kinda lean towards SE's on the investment. That may be because I got lucky when I bought a bunch of '95 Proof SE's. That turned out to be a great investment. You can't predict the future though.

 

saltydd5, can you narrow down your scope for us by answering some of these questions:

1. How much capital do you want to invest?
2. What's your risk tolerance? Can you afford to lose it all or will you be able to sleep only if you lose nothing?
3. Are you looking for long-term return or a quick buck?
4. You mention silver dollars. To put this in context are you looking at it from a bullion or numismatic perspective?

 

if I remember correctly the trade dollar was designed by William Barber, so I would say thay definately exist.

 

I already have some eagles but I haven't ventured out into the Morgan market. I have been eye balling them. I do love them! I have been collecting coins for several years and have a nice start but I haven't selected the coin I want to concentrate on. Morgans do make sense. Maybe I'll still buy some eagles and the look at cert Morgans like most of you suggest. Thanks for all of the tips. Great advice!

 

Buy NGC, PCGS, ICG, or ANACS certified Morgans and Peace dollars in MS 63 grade or better and in my opinion it's money well spent. Of course, you don't need to just spend any kind of money on any date coin, but rather for the new collector, at least try to stay close (on the lower side if possible) of what the Redbook price guides values are for the dates. Also, just because a coin is in a slab with a "set" grade on the coin don't always mean it's the grade the coin is but if you buy from one of the grading services listed above, your chances are much better that the coin is that grade or very close.

 

Just out of curiosity, are you aware of any reference in any numismatic book to a "Barber Dollar"? Barber got his name associated with dimes, quarters and halves, but as far as I know he never made it stick on a dollar coin.

While I wait to be enlightened on this subject, I will pass the time by organizing my collections of Brenner cents and Schlag nickels.