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Message:: [QUOTE="GDJMSP, post: 940739, member: 112"]Well read the original question again - Now it seems pretty clear what Bill wants to do. And his question about which grade of the 3 he mentioned is what I tried to answer with my first response.  Does it not seem obvious that if common date MS64 Morgans sell for $40 and less today (and I provided evidence to show that was true) that they would not be a good choice for investment ? I suppose I should have gone on to explain that even 10 years ago those same coins sold for pretty much the same price they do today. So the answer to your second question -  - is answered by my response as well. But it should be noted that in some cases even MS65 is not high enough. That's because some date/mint combinations of Morgans in MS65 can be purchased today for little more than $100. Ten years ago those same coins were selling for little less than $100. That's not much of a return on an investment. The thing I guess the a lot of people don't realize is that Morgan dollars are as common as dirt, even in higher grades. And since coins in general make lousy investments anyway, common coins make even worse investments. There are no Morgans that are real rarities, with the possible exception of branch mint Proofs. There are even very few that are scarce. So about the only hope anyone has of making a good investment with Morgans is to buy condition rarities. And to do that you really, really, need to know the series extensively. You also need to be able to grade yourself so that you don't get stuck buying a dog in a piece of plastic with a high number on it. The TPG's over-grade Morgans seemingly on a whim. So if you don't really know what you are doing buying Morgans as an investment typically turns into a disaster. Now hopefully that answers your question.[/QUOTE]

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