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<p>[QUOTE=&quot;Marshall, post: 938424, member: 21705&quot;]I&#039;ll try to be clearer. Lower grade Morgans which are near to their bullion content and therefore have a low numismatic premium should be considered a Bullion play with all the volatility associated with it. The higher grade Morgans have a higher numismatic premium over bullion value. Those have normal market risks and price swings associated with normal market investment.</p><p><br /></p><p>The grade you choose should be one that is associated with the type of investment you are comfortable making. Lower graded if you want to play the commodities market and High Grade (MS65+) for normal investment markets. The middle grades will tend to be left for collectors with moderate means rather than investors.</p><p><br /></p><p>Is this clearer?[/QUOTE]</p><p><br /></p>

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