Silver Dollar investment

LMAO @ JBK! )

 

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Hey, You forgot the Grandfather of all the Morgans, the 1895. Thats if you happen to have between $20,000 to $80,000 to invest in a single coin.:bow:

 

A year ago the American Silver Eagle was $ 7.79 and today it is $14.64. That is just for a common garden variety coin. Many of these have a nice chance to appreciate numismatic wise and they have a high intrinsic value ( for the money invested ) which is important if hard times come. IMHO the MS64 and up top tier graded Morgans must be at a peak in price.
One thing they have in common is that both will always be worth a Dollar.

 

Good point! Not knowing how much salty was planning on investing ( and if
I was him/her, I wouldn't say either :whistle: ), I stayed with a sector amount
I thought was possible. Nice exercise for the mind, as I am not a Dollar man,
but this did make me look at the prices!!! I do have a 1884-S in AU-58,
but would rather look at it and dream for the moment rather than get it
regraded hoping for MS

 

B12 wrote:

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

WHOA DUDE!!!!!

If you have figured out how quickly which Morgan dollar seems to gain in value, let the rest of us know. In the 40+ years I have been involved woth Morgans, Neither myself or any of the MEGA expert dealers or anyone else has figured this out.

IF you are doing an analysis of past perfomance, guess again. Unless you have Hi 5, or 6 and 7 figures to invest in the very best of the best, there are no past performance. You probably will never lose money on that 1893-S in VF. Nor an 1878 VAM 44 in any grade. The rest is a toss-up. Ask some of the oldies where common MS65 Morgans have been up and??? over the last 25 years.

 

I would add, there are always exceptions, sometimes you can see a trend here and there, but I would caution, is this an uptick do to external promotion? Like the CC craze 3 or so years ago. They went nuts for a year but have been stagnant ever since. What is hot this month my not be hot next month. Or next year.

I would invest in proven Very high end, if I had the wherwithal to do so.

Otherwise, find a niche, educate yourself and BUY WHAT YOU LIKE!!!

JMHO

 

The Barber quarter, half and dime are named after a different person than the trade dollar! (father William designed the Trade dollar and son Charles designed what you are calling the Barber coins). Also, some of the older Whitman albums erroneosly called the Morgan dollar a "Barber Dollar" since there was a fair amount of confusion about who designed the coin originally.

Basically, I was pointing out that you were unnecessarilly short with someone's question, and you implied a lack of respect based on the "impossible" coin that they asked about, when in reality there is a possibility that the term Barber dollar was used correctly. Nomenclature isn't a constant thing over time...

 

bzcollector,

Those were two very good posts. It just isn't easy. If you buy something that has been in a long uptrend, there is a good chance you are overpaying. I've always thought that buying something that is unique in some way because of sacarity or quality or something else, and buying it when the price hasn't gone anywhere for a few years is about the best way to go. Someday, if the coin becomes more fashionable, it will become more valuable. Right now I don't know of anything that fits this description. The closest might be the American silver eagles, particularly if they discontinue the series in a few years. It has virtually no numismatic premium, but a couple of decades from now that might change.

 

Also, the following pattern is known commonly as a Barber dollar (William, that is):

 

It was clear to me that this guy was sincere enough but probably misguided and not knowledgeable. "Misguided" due to the nature of the question lumping collectable silver dollars with bullion coins in considering which to invest in (they are apples and oranges in terms of what kind of investement opportunities they present.). "Not knowledgeable" in terms of his reference to a coin that does not exist, meaning he would be an easy target for unscrupulous people.

If he had walked into a coin shop and asked the question there that he asked here, they would have thought he just fell off the turnip truck. Don't get me wrong...there is NOTHING wrong with just starting out learning about coins - we were all there at one time. And there is NOTHING wrong with asking questions. I just feel that this person was ready to buy something from someone and if an unscrupulous person got to him first then he's be taken to the cleaners.

 

Ahh, yes, you've convinced me now - this newbie was obviously referring to an obscure pattern coin that virtually no collector even knows exists. I guess I'm the uneducated one here, since when I began collecting I didn't start by choosing between ultra-rare pattern coins that sell for tens of thousand of dollars or more, and bullion coins that sell for 10 bucks. Silly me.

So, for the record, I think the person who started the thread should collect Barber Dollars. Just ask for them at any coin shop or flea market.

 

LOL, you make a good point about the pattern The point I was making that seems to have been lost here is that the coin we call a Morgan dollar was at one time called a Barber dollar by Whitman on the face of their coin folders. If the newbie is older and had seen those folders and also seen the folders for Morgans it is possible that the question was legitimate.

Now, about your point that Barber/Morgan/ASE's are way different classes of collectable, you are very right. They are worlds apart, and your point is well taken.

 

I usually stick with high grade/ rare date morgans for an investment. I like to look back at past growth to get a good idea what they will do in the future. Currently i have my eye on a 1893-s Morgan in XF-45.

 

I want to thank all of you for your input on this thread. Even the side bar with JBK and The Cave Troll. JBK, yea I'm new to the world of rare coins but I never just jump into anything without research. I'm surely not a dumb as you would like to believe! I do understand the difference between silver bullion and numismatic values. Thanks again!!!

I am still open for additional views. Thanks Saltydd5

 

This is a great post! There is a lot of wisdom here.