silver morgans?

Common Date Morgans Are Less Of An Investment

I generally agree with you, after collecting for more than 50 years. The Morgan is a beautiful coin, but there seems to be a great disparity between the various dates/mints of this coin, which seemingly defies logic. The common dates are practically the same price as they were a decade prior. The key dates are what I would consider unreasonably expensive relative to a much lower mintage $20 Gold double eagle. In collecting coin sets, I skipped over dollars, to collect double eagles. Collectors have a seemingly strange attraction to this relatively lighter piece of Silver that can grossly oxidize, than collect a heavier, lower mintage, beautiful Gold coin. You could buy a 1889cc mint state double eagle, having a mintage less than a tenth of the same date/condition dollar, for less than half the price. The "key" 1908-S mint state double eagle has a mintage of only 22,000 coins, and could be purchased for less than half the cost for a 350,000 mintage mint state 1889cc dollar. I believe you'll find that "junk silver" and 1Oz. rounds are a better investment from both a liquidation and diversity view-point. Just an "old collectors" opinion, that is worth at least what you paid.

 

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If you really like the design you can always just buy the same coin in bullion form for the same price and instead you get a full ounce of silver. You get more silver for your money but I guess you lose out on owning the real coin for those that are really serious about that.

Morgan Coin

 

Do be carefull buying the Morgan dollar, if buying common dates, buy no less than fine to very fine condition. Unless you get a bargin bullion priced Morgan. I see a lot of common date Morgan dollars in MS60 grade selling for about $20 each if bought in quanity/roll etc... Morgans dollars are beautifull in coin design , but way too many common dates were minted that drive down collector value. Good luck :thumb: ozarktravler