Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Some tips on buying Morgan Dollars for those new to the series.
>
Reply to Thread
Message:
<p>[QUOTE="Morgandude11, post: 1888341, member: 37839"]Having collected Morgans for most of my life, I would love to offer some tips for new collectors to the series. Once again, feel free to jump in and offer your own suggestions. This is based on years of collecting, and having bought and sold the complete series multiple times. However, collecting the entire series is a massive and expensive undertaking, and I would NOT recommend trying to do that, unless your passion for Morgan Dollars is extremely strong. We are talking about prices running into high 5 and 6 figures for a nice set, and that simply isn't practical for most folks. However, the easier dates make for lots of fun and a venture into one of the most popular and historically interesting series (the coins were minted in the "Wild West" days; multiple mints (P, S, O, CC and even one date in D) existed for the series, and it spanned the 1870s through the twentieth century.</p><p><br /></p><p>First, decide what grade of coin you can afford. Most collectors go for uncirculated coins (since common date Morgans are easy to find cheaply, due to high mintages and good uncirculated storage). I recommend going for the easy dates in MS 63-65, as one has a coin that is generally affordable, and will look attractive. The dates I would start with are:</p><p><br /></p><p>Philadelphia: 1879-1890, 1903, 1904</p><p>San Francisco: 1878-1883 (these coins are nicely struck and easy to find attractive examples)</p><p>New Orleans: 1880-1888, 1898-1904, except 1903o, which is tough.</p><p>Carson City: 1882, 1883, 1884 (all the others get tough, due to high prices and lower mintages).</p><p>ALL versions of 1921. They're all common.</p><p><br /></p><p>This gives a good starting point for collectors, and one can pick up quite a variety of coins. No sense starting out with 1893s, 1889cc, or 1884s in MS condition--or any of the 1892-1895 coins. Those take many years to acquire, and one has to settle for badly worn "place holder" coins, or details coins, in lieu of spending a fortune. Get the nice looking common coins, and get what you like to look at. If you like blast white coins, many Morgans are market acceptable being white and generic. MS 64 grades for most of the above mentioned dates are quite reasonable in cost.</p><p><br /></p><p>In terms of acquiring Morgans, a RELIABLE source of coin acquisition is essential. Cleaning, whizzing, and over dipping is quite common for those coins, as is counterfeiting. Now, one may ask, why counterfeit an 1884o Morgan that is so common? Answer--because they are easily sold in volume, and nobody asks too many questions about a date that common. Morgans are one of the most faked series in creation, so I strongly recommend BUYING CERTIFIED COINS ONLY, until one develops considerable expertise in grading and evaluation of eye appeal, and whether or not a coin is cleaned. It was popular to clean that series, and many unscrupulous dealers do exactly that--so having the TPG seal of approval makes sense if one isn't dead on familiar with Morgans.</p><p><br /></p><p>Raw coins can be collected once somebody gets good at the series, but be careful--there are fakes that would fool experienced collectors from the far East. They are struck, are in Silver, and look pretty good. This is why I recommend starting with certified coins only from REPUTABLE dealers. Don't necessarily avoid E bay, as one can find many good buys there for common Morgan Dollars, as there is a lot of competition. However, if you do buy there, make sure the dealer is esteemed and reputable--ask many of us, as we know these dealers personally, in many cases. I won't discuss toned coins here, as that is an art and a specialty, and should only be done by an experienced collector who knows what he/she is doing with regard to the series.</p><p><br /></p><p>I hope this is some help for newbies to the exciting series of Morgan Dollars. Please feel free to add suggestions, comments, and additions.[/QUOTE]</p><p><br /></p>
[QUOTE="Morgandude11, post: 1888341, member: 37839"]Having collected Morgans for most of my life, I would love to offer some tips for new collectors to the series. Once again, feel free to jump in and offer your own suggestions. This is based on years of collecting, and having bought and sold the complete series multiple times. However, collecting the entire series is a massive and expensive undertaking, and I would NOT recommend trying to do that, unless your passion for Morgan Dollars is extremely strong. We are talking about prices running into high 5 and 6 figures for a nice set, and that simply isn't practical for most folks. However, the easier dates make for lots of fun and a venture into one of the most popular and historically interesting series (the coins were minted in the "Wild West" days; multiple mints (P, S, O, CC and even one date in D) existed for the series, and it spanned the 1870s through the twentieth century. First, decide what grade of coin you can afford. Most collectors go for uncirculated coins (since common date Morgans are easy to find cheaply, due to high mintages and good uncirculated storage). I recommend going for the easy dates in MS 63-65, as one has a coin that is generally affordable, and will look attractive. The dates I would start with are: Philadelphia: 1879-1890, 1903, 1904 San Francisco: 1878-1883 (these coins are nicely struck and easy to find attractive examples) New Orleans: 1880-1888, 1898-1904, except 1903o, which is tough. Carson City: 1882, 1883, 1884 (all the others get tough, due to high prices and lower mintages). ALL versions of 1921. They're all common. This gives a good starting point for collectors, and one can pick up quite a variety of coins. No sense starting out with 1893s, 1889cc, or 1884s in MS condition--or any of the 1892-1895 coins. Those take many years to acquire, and one has to settle for badly worn "place holder" coins, or details coins, in lieu of spending a fortune. Get the nice looking common coins, and get what you like to look at. If you like blast white coins, many Morgans are market acceptable being white and generic. MS 64 grades for most of the above mentioned dates are quite reasonable in cost. In terms of acquiring Morgans, a RELIABLE source of coin acquisition is essential. Cleaning, whizzing, and over dipping is quite common for those coins, as is counterfeiting. Now, one may ask, why counterfeit an 1884o Morgan that is so common? Answer--because they are easily sold in volume, and nobody asks too many questions about a date that common. Morgans are one of the most faked series in creation, so I strongly recommend BUYING CERTIFIED COINS ONLY, until one develops considerable expertise in grading and evaluation of eye appeal, and whether or not a coin is cleaned. It was popular to clean that series, and many unscrupulous dealers do exactly that--so having the TPG seal of approval makes sense if one isn't dead on familiar with Morgans. Raw coins can be collected once somebody gets good at the series, but be careful--there are fakes that would fool experienced collectors from the far East. They are struck, are in Silver, and look pretty good. This is why I recommend starting with certified coins only from REPUTABLE dealers. Don't necessarily avoid E bay, as one can find many good buys there for common Morgan Dollars, as there is a lot of competition. However, if you do buy there, make sure the dealer is esteemed and reputable--ask many of us, as we know these dealers personally, in many cases. I won't discuss toned coins here, as that is an art and a specialty, and should only be done by an experienced collector who knows what he/she is doing with regard to the series. I hope this is some help for newbies to the exciting series of Morgan Dollars. Please feel free to add suggestions, comments, and additions.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Some tips on buying Morgan Dollars for those new to the series.
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...