Why do you like the Morgan Dollar?

Coin like this is why!

 

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Yes I know that Chris, thank you.

 

I've learned something new! Is it because they are made from precious metals?

Chris

 

I knew you knew, but it was intended for the benefit of others who might not.

Chris

 

Ever seen a kids eye's light up when given a Morgan?
It is a very inexpensive gift that goes a long way.

 

I like them for several reasons, my main reason is one word. DMPL.

 

I don't totally focus on collecting Morgans, but I like the history of the Comstock mining district in Nevada, which simply put, is chapter two of the California 49er gold rush. This coins metal was mined and refined in Virginia City and coined in Carson City just a few miles away. The history is what does it for me. If I want to own one, it is the DMPLs that really catch my eye. Frosted devices and mirror fields, WOW! What isn't there to like?! When looking through a large offering of dealer stock at a show, the MS grades just look drab to me compared to the PLs and DMPLs.

Matt

 

As numerous posters on this forum will tell you, those 1,000 Morgans would buy you quite a nice car today, too.

For that matter, depending on what car your grandfather bought and how well he preserved it, that car might well bring you 1,000 Morgans today!

 

There seems to be a virus of some sort that tells people to take what one says way out of context. I simply told a story, about the circulation of dollar coins. I don't feel that I ever claimed that dollar coins are in high circulation or liked by the masses on a large scale, or did I? Can someone please point that out?

As for other coins under the dollar denomination being circulated, well, people are forced since we don't have any paper currency that are a penny, nickel, dime or quarter. We have to make change from the dollar bills somehow. And even then, I encounter clerks who look sort of irritated when you pay with cash, so even using change is getting rare these days. The plastic card is taking over, soon coins will just be for collectors for the most part.

 

Only if you sold them first to a collector. Sadly a car dealership would accept them at face value, just like a bank would as well.

 

Are you just here to argue? It's directly from my fathers mouth, who helped my grandfather run his businesses. He didn't just accumulate 1k Morgans just to go buy a car with it over a 30-40 year span, that's would just be absurd. My father remembers Morgans being used all the time by the old timers in the area.

I'm sorry I don't have my grandfathers financial records here to share but making assumptions is not going to help any either. I could tell you though, the man did well for himself and I'd have to say, if he did manage to collect 30k Morgans or other Silver dollars in a 30-40 year span in the town he lived in which likely had a population of around 1,000 to 2,000 at most would be amazing! But again, you can rephrase it all you want, it's just not going to help.

Believe my story or not, I could really care less but trying to start arguments over something so trivial is just childish if you ask me.

 

You sure do have some nice dimples!

Chris

 

Nicely stated. Same thing goes with an ASE. :smile TC

 

I would say the design and availability. Where else could you get a beautiful mint state 19th century coin for close to melt? It's easy to see why there are much more collectors for this series, it has a little something for everyone at all collector skill levels.

 

You seem to be missing the entire point! I'm not trying to belittle you or anyone in your family. The point is that the vast majority of the Morgan dollars, more than 500 million of them, NEVER went into circulation. So, yeah, my comparison to gnats in a barrel is accurate. Chill out!

Chris

 

And you're missing my point, I simply just told a story but feel it got attacked and totally taken out of context. I never said the Morgans were circulated heavily by the masses, which not only you seemed to have taken out of context from a simple story but others have as well.

You did belittle me and the story by posting such things as:

Don't you think that's digging a little too deep, questioning someone else's story when it was actually irrelevant to do so in the first place? You assumed from my story that I was saying Morgan's were circulated heavily, but yet I never made such a claim, it was just a story I felt like sharing.

I've been chill, words on a screen don't express emotion, unless you have some sixth sense telling you otherwise.

 

The silver ore wasn't refined in or around Virginia City. The silver ore was transported by railroad to San Francisco where it was assayed and refined, but not all of it was refined at the San Francisco Mint. You see, it was standard practice for the US to charge the owners a seigniorage of one-half of one percent for converting the bullion into coin. At the same time, they could ship the bullion to France or England where they were only charged one-fifth of one percent. As a result, some of the ore was refined by private companies and then shipped by boat to Europe.

Chris

 

I've been wanting to purchase ASE's when someone in the family has a baby,but I haven't done it yet.

 

It's all good guys. Words on a screen can easily be perceived in different ways. I'm sure he was not trying to call you out, or anything. If you guys were face to face and these words were put into a conversation, with the proper tone, I doubt anyone would be offended. I posted this expecting to hear about eye appeal, luster, things of that nature. I had no idea that Morgans had such a historical background.

 

I can see I'm wasting my time!

Chris