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Silverity | 12-15-2004 08:31 AM
Couple of coin questions First, I just purchased a 1921 Morgan dollar and a 1923 peace dollar. Can anyone tell me the weights and silver purity of these? Secondly, I seem to recall there was some kind of world coin index, a kind of Dow Jones for coins. I remember seeing a graph of the price and it underwent a really big crash around 1987 - worse than the Dow that same year! Does any have a link to such an index? I just want to track how coins fare as an investment over the years. Thanks, Silverity.

Silverity | 12-15-2004 08:41 AM
Re: Couple of coin questions Found it, check this out: http://www.pcgs.com/coinindex/indexallgraph.chtml Rare coins ready for a breakout? Silverity.

Maple Leaf Steve | 12-15-2004 08:58 AM
Re: Couple of coin questions Quote:
Originally Posted by Silverity First, I just purchased a 1921 Morgan dollar and a 1923 peace dollar. Can anyone tell me the weights and silver purity of these? Secondly, I seem to recall there was some kind of world coin index, a kind of Dow Jones for coins. I remember seeing a graph of the price and it underwent a really big crash around 1987 - worse than the Dow that same year! Does any have a link to such an index? I just want to track how coins fare as an investment over the years. Thanks, Silverity.
:hahaha: Did you get those two silver dollars out of the dealers melt bucket? :hahaha: Are they half slick? Are they slabbed? MLS

RossL | 12-15-2004 09:11 AM
Silverity, about that spike Quote:
Originally Posted by Silverity Secondly, I seem to recall there was some kind of world coin index, a kind of Dow Jones for coins. I remember seeing a graph of the price and it underwent a really big crash around 1987 - worse than the Dow that same year!
That spike in the Coin Universe 3000 index. PCGS and NGC started certifying and slabbing coins in the early 80s. Slabs were advertised and marketed heavily. They were sold to people who had no idea of the risks they were taking. Prices were pumped up and later crashed, causing much damage to the numismatic community in general. There are plenty of people who bought certified coins 15 years ago that are still worth less that what they paid. There is a price guide on that website but the prices are for retail slabbed coins. You may pay that price for a coin from a dealer but you won't get that price if you sell. If you draw some trendlines on the CU3000 and ignore the spike I can easily see the index going up to 110000 before it gets oversold in the trendline channel. Just my opinion.

Silverity | 12-16-2004 03:50 PM
Re: Couple of coin questions The two dollars are just basic coins, nothing fancy! Silverity.

Silverity | 12-16-2004 03:52 PM
Re: Silverity, about that spike Thanks, those slabbed coins look rather expensive even now. I am in it for some rarity value but also silver content. I have ordered an old Krausler coin catalog from the early 70s (pre-silver spike). Comparing prices then with typical prices now may be a better guide to the less rich coin collector. Silverity.

Bullionaire | 02-19-2005 10:20 AM
Re: Couple of coin questions If you got the collector bug just a little bit here is an interesting way to collect dollars and have silver to boot......collect one dollar from every year produced 1878-1935. Ignoring the mint mark, purchase the cheapest coin produced that year. Example...in 1889 for instance, the coins were made at 4 mints...Philly, New-orleans, san francisco, and carson city. The least expensive would be the philly, about 10-11 bucks (the carson city is hundreds in low grade). The only really difficult one would be 1895; they were made at philly (proof only) new orleans and san francisco....a low grade will set you back about 50-100 dollars. The rest, for the most part, will not be a whole lot more above junk dollar price. The peace dollar set would be a cakewalk, 1921-1935...none made 1929-1933...the 1921 will run about 25+, the rest a little over common. Your local coin dealer can order you a whitman bookshelf album for " one coin a year, or a date only set" HAVE FUN!!

PONCE | 02-19-2005 11:40 AM
Re: Couple of coin questions I suggest that you first worry about buying one oz round .999 silver first as a survivalist and then worry about your new found "hobby". If the time comes where you have to use those coins for an emergency all that you will get will be the face value of those fancy coins and nothing more, in other words a silver dollar will be a silver dollar no matter where it was made. But of course if you already have your suvavilist stash then by all means go ahead and enjoy your new hobby.

Bullionaire | 02-19-2005 12:06 PM
Re: Couple of coin questions If the shtf, ( which I do not believe is going to happen as many are apparently secretly hoping; I believe mankind will muddle along...I think a pandemic happening is a more likely scenario) give me those cans of dehydrated turnips....screww .999....hardly edible....then you gotta find someone that wants to trade. If'n your in goadieboe usa, they may never have seen or care about a shiney piece of metal stamped .999....give me a good fishing hole and a pole.....

The Argent Dragon | 02-23-2005 06:13 PM
Re: Couple of coin questions Quote:
Originally Posted by Silverity First, I just purchased a 1921 Morgan dollar and a 1923 peace dollar. Can anyone tell me the weights and silver purity of these? Secondly, I seem to recall there was some kind of world coin index, a kind of Dow Jones for coins. I remember seeing a graph of the price and it underwent a really big crash around 1987 - worse than the Dow that same year! Does any have a link to such an index? I just want to track how coins fare as an investment over the years. Thanks, Silverity.
1921 Morgan / 1923 Peace : Weight is 26.73 grams (31.1 grams = 1 troy oz.) With 90% being pure silver that leaves 24.057 grams total (ea.) Or it's about 0.77 oz. for each coin. Typically (or roughly) speaking - an average 'Silver' dollar goes for about twice the spot value for it's PM content. Here's a basic outline guide for investing in U.S. Silver Dollars (excluding the ultra rare varieties) : *****Carson City dollars - these are in 'highest' demand with CC mintmarks ****1891 thru 1895 dollars - these are the most rare in 'survival' rate base on population reports. *** San Francisco dollars from 1883 "S" through 1935 (There are several "S" Peace dollars which are semi-key coins). ** 1903 & 1904 Morgan Dollars (-minus the 1904-O) are going up in value and becoming very popular to collect. * All Morgan Dollars before 1921 which leaves 1878 thru 1904. Don't be discouraged about what you have because it's good to 'build' a collection. Just realize that yours are near the 'bottom'. Bookmark this --> http://www.pcgs.com/prices/frame.cht...morgan_regular And REMEMBER it's always better to go for Condition, condition, condition. ExtraFine (EF) through MintState (MS) are the best grades to get. Try not to go below VeryFine (VF) unless it's very rare like an 1893-CC I currently have a collection of 61 Different Morgans with every year represented 1878 through 1921. Of those, 5 of them are CC's. I sincerely hope this helps and don't let the "Bullion" guys steer you away from a rewarding hobby. Silver may be a security investment for the faltering economy but Morgan dollars are a security for a "sluggish" rise in silver. *** In other words - DIVERSIFY *** :coolbeer:

Silverity | 02-24-2005 05:11 AM
Re: Couple of coin questions Thanks for the advice. Silverity.

The Argent Dragon | 02-24-2005 11:01 AM
Re: Couple of coin questions And here's another good link for values >> http://www.numismedia.com/fmv/prices...pricesgd.shtml

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