Silver eagle's OR Morgan dollar's ???

Discussion in 'Bullion Investing' started by Doug1974, Feb 1, 2015.

  1. Doug1974

    Doug1974 Active Member

    Is it true they have fake slabbed coin & is so could I just check the certification # on there web site ?
     
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  3. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Yeah, it is true....but if you punch up the # on the site, all it means is that the certification number matches....there could be 10 others out there (as I understand it) with all of them being fakes and the 1 legitimate coin is in some dealer's glass case.

    Fake raw coins was one thing...but fake coins with 'real' numbers in a counterfeit slab is a big problem. The differences are very subtle and PCGS (but not NGC I think) won't even tell how to tell them apart because it doesn't want to alert the counterfeiters to what they are doing wrong.
     
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  4. Doug1974

    Doug1974 Active Member

    GREAT all this news make me sick I resonantly traded a LOT of my collection for a un-slabbed 1893-s Morgan but it was from a reputable coin shop & if it turns out to be fake I will get a refund . I have not sent it out yet it is in great shape I will try to take a few picture's to show you .
     
  5. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Resonantly? Sounds good......
     
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  6. Doug1974

    Doug1974 Active Member

    Yes 3 day's ago . I should have picture's up soon .
     
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  7. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    We will enjoy them.........:)
     
  8. Doug1974

    Doug1974 Active Member

    I'm sorry for the wait but the truth is I am computer illiterate :banghead:
     
  9. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Just take some high-res digital pics...transfer them to your PC....crop them (if necessary) in Photoshop or MS Paint....upload the altered/saved pics here using the Attach feature.... (or if needed a free site like Imagebam)....very easy to do.

    Any questions, ask...I still consider myself a PC novice. :D
     
  10. chris.719

    chris.719 New Member

    Why not a bit of both.
     
  11. JPeace$

    JPeace$ Coinaholic

    Just a couple corrections in your numbers. There were ~657 million Morgans minted. In 1918, the Pittman act was responsible for melting over 270 million silver dollars. The majority of which were Morgans. They did not keep records when melting so no one really knows what remains by date and MM.

    Who knows how many more went into the smelters over the years and in the 1980 when silver hit ~$50 /oz.

    If you just want to stack silver, I'd go with ASE's or Maple Leafs. If you want numismatic value, I'd go with Morgans. I do both.
     
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  12. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Good strategy, JPC.

    As for the MSD totals, I think I summed them up year-by-year. Couldn't find a source with total mintage. Your numbers look sound.
     
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  13. Doug1974

    Doug1974 Active Member

    Thank you for the feedback & I have leaned towards MS64 or better Morgan's I am more for quality over quantity it seem's to fit me better !

    Thank's again .
    Doug
     
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  14. JPeace$

    JPeace$ Coinaholic

    Because of the massive melts, it's tough to say what actually remains. I think you can look at the price guides and judge the common from the semi-key from the key dates. Back in the '60's, the 03-O was considered one of the true key date Morgans until the Treasury opened their vaults and started exchanging Morgans for face value. They had 1000 coin bags of them. If memory serves, the coin went from $1500 to under $100 in a short period of time.

    I don't believe there are any more massive hoards of Morgans, so the key dates have been sorted out pretty well.
     
  15. JPeace$

    JPeace$ Coinaholic

    Happy to help. I really love Morgans and Peace Dollars. I've always preferred silver to gold (I do like pre-33 gold). Morgans are a great series to collect. There are many available in all different price points and conditions.

    I'd look at the early year "S" mint coins. You can buy some really well preserved examples for relatively cheap prices. These are some of the finest examples ever minted when you consider strike quality and luster. There are lots available so you can be choosy. I'd wait a little bit until you become more familiar with grading the Morgan to venture into semi-key and key dates. IMO, there is a pretty big grading window on these coins and in the long run, waiting for the right coin will payoff in the end.
     
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  16. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Yes, I remember that generally some previously scarce mintages took baths of 75-90% once the hoards came out.

    But depending on what happened to the coin/bullion markets, some hoards accompanied rises in prices. When the Continental Illinois Hoard hit, silver and PM's had already had their bubble burst from 1979-80....so the high-quality MS's saw a 300-500% rise in prices from the 1982 bottom to the 1985 recovery.
     
  17. micbraun

    micbraun coindiccted Supporter

    Trade your silver bullion or Morgans for gold and put it away for a long time. Certified pre-1933 gold coins will have both a metal and a collector's value. Go for nice MS examples and I doubt you'll regret it later.
     
  18. JPeace$

    JPeace$ Coinaholic

    But, but I like silver!
     
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  19. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Morgan's have collector/numismatic value, too, just that you are paying a much larger premium for them relative to the content.

    I "play" with Morgans and silver but "invest" in Saints and gold. At least at this point in my life.
     
  20. Iamwayne

    Iamwayne New Member

    I wonder how many 1986+ ASE were melted when prices were up in the $40s before it dropped down... Same with Morgan's, you can't tell how many were culled...

    Morgan's seems more investment grade if they are slabbed by a TPG. ASE prices are more towards stacking and easier to start a collection in my opinion.

    Since you can only sell a item for what another is willing to pay...

    Slabbed Morgan's = similar to artwork investment
    ASE = is similar to stock investment
     
  21. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Just glancing at The Red Book MSD section....what happened to some of the pre-1880's CC MSDs to cause them to be so valuable ? They made plenty...were these all melted down in the 1920's ?

    Ditto 1882-S, 1883-S, 1884-S, etc. Why did some mints apparently have all their coins melted down while others didn't in the same year. Random luck ?

    1892-S...wow......they made millions or tens of millions of these MSDs, I wonder how many survived. Prices are unreal for some years/mints.
     
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