Gold & Silver Forum - Certified Morgan Dollars

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Certified Morgan Dollars

Looking for a bit of advice here...

How do some of you experts feel about Certified Morgans? I currently own quite a few common date PCGS MS65 & 64 Morgans (in addition to several hundred bucks of 90%, several rolls of Silver Eagles, numerous silver maples and a bit of gold). My original rationale for holding the Numismatic silver coins relate to storage space--Much easier to store than big bulky bags of silver.

Now, I paid ~ $130 each for the 65's and ~$60 for the 64's over 1 year ago. Since that time, the MS 65's rode all the way up to $220, before falling back to the current price of $175 each (PCGS.com price guide)--though I can still buy them for ~ $140 through a very good dealer I know.

Anyway, my question I hope to get answered is: In the future, should or will these Numismatic coins surpass the base metal price gains made over bullion (over the same period of time), as during previous metal bull runs, or are the dynamics different this time around? Should I continue to hold on to these coins or dump them during the next run up and invest the proceeds into bullion?

Would appreciate any insightful thoughts on the subject!

Best Regards
Contrarian

Re: Certified Morgan Dollars

My opinion for what it's worth. Your numismatic investment might double in 5 years. Silver itself will triple.

Re: Certified Morgan Dollars

I'd wait until you can sell them for $220+ again, and buy bullion. You could probably get that all day down at the ol' eBay, right now!

I do a fair amount of "flipping" coins of some of the deals I've found on eBay; I usually make no less than $10/coin, and as much as $80+/coin on numismatics, and than use the proceeds to buy bullion. I have a "don't hold numismatics" policy--they're strictly for making a little short-term profit, and buying bullion. This strategy has worked well for me.

I do hold several Morgans and Peace dollars, but they were all cheap or inherited, and are for diversification, not numismatic, purposes. Guess I could sell them now for $20/each on eBay if I wanted to!

Re: Certified Morgan Dollars

FYI, the PCGS price guide is typically overpriced. It's a good basic guide, but don't rely on the numbers too much.

Re: Certified Morgan Dollars

Quote:

Originally Posted by Contrarian (Post 572562)

Looking for a bit of advice here...

I would say not to get any more, it is what it is at this point, I have been accumalating the 2006 Silver eagle 20th anniversary sets and coins from the sets themselves. With a low mintage of 250k, I believe them to be a slam dunk for at least a 5x in the next year from todays levels. JMHO

How do some of you experts feel about Certified Morgans? I currently own quite a few common date PCGS MS65 & 64 Morgans (in addition to several hundred bucks of 90%, several rolls of Silver Eagles, numerous silver maples and a bit of gold). My original rationale for holding the Numismatic silver coins relate to storage space--Much easier to store than big bulky bags of silver.

Now, I paid ~ $130 each for the 65's and ~$60 for the 64's over 1 year ago. Since that time, the MS 65's rode all the way up to $220, before falling back to the current price of $175 each (PCGS.com price guide)--though I can still buy them for ~ $140 through a very good dealer I know.

Anyway, my question I hope to get answered is: In the future, should or will these Numismatic coins surpass the base metal price gains made over bullion (over the same period of time), as during previous metal bull runs, or are the dynamics different this time around? Should I continue to hold on to these coins or dump them during the next run up and invest the proceeds into bullion?

Would appreciate any insightful thoughts on the subject!

Best Regards
Contrarian

xxxxxxxxxxxxxxxxxxxxxxI would say not to get any more, it is what it is at this point, I have been accumalating the 2006 Silver eagle 20th anniversary sets and coins from the sets themselves. With a low mintage of 250k, I believe them to be a slam dunk for at least a 5x in the next year from todays levels. JMHO
xxx

Re: Certified Morgan Dollars

Hey, Contrarian:

Let me say, I am a numismatist. There are very few of us on GIM, so you may receive a bias towards bullion rather than numismatics.

Morgans have always been popular, and will continue to be so. If you have any MS66 keep those as anything from the 1800's MS66 or higher is a good bet. Bullion is great, and has its purpose, but Morgans carry history, and therefore a premium.

If silver gets to be 100 per oz, will your Morgans increase equally seven times current value? 100/14= 7.2 No, but that's numismatics. It will go up, especially as idiots sell their $1 Morgans for scrap. Just not as much, but if you bought for $140 and sold for say $350 or $400 would you complain?

Hold on and enjoy the ride.

THe Great Ag

Re: Certified Morgan Dollars

Quote:

Originally Posted by The Great Ag (Post 572829)

Hey, Contrarian:

Let me say, I am a numismatist. There are very few of us on GIM, so you may receive a bias towards bullion rather than numismatics.

What he said!!! (I just get tired of saying it over and over amidst a sea of people who mainly only know bullion, are not into numismatics and haven't studied it........

Quote:

Originally Posted by The Great Ag (Post 572829)

Morgans have always been popular, and will continue to be so. If you have any MS66 keep those as anything from the 1800's MS66 or higher is a good bet. Bullion is great, and has its purpose, but Morgans carry history, and therefore a premium.

Quote:

Originally Posted by The Great Ag (Post 572829)

If silver gets to be 100 per oz, will your Morgans increase equally seven times current value? 100/14= 7.2 No, but that's numismatics. It will go up, especially as idiots sell their $1 Morgans for scrap. Just not as much, but if you bought for $140 and sold for say $350 or $400 would you complain?

Hold on and enjoy the ride.

THe Great Ag

What he said.

Re: Certified Morgan Dollars

Quote:

Originally Posted by Contrarian (Post 572562)

my question I hope to get answered is: In the future, should or will these Numismatic coins surpass the base metal price gains made over bullion (over the same period of time), as during previous metal bull runs, or are the dynamics different this time around?

I kinda chuckled when I read this....<< let me get out my crystal ball...>>

Of course you'd like to get that question answered.....

Who the hell knows. I'm not sure from your post if you're in all this just for the gains, or you actually enjoy numismatics. I think a little of both, leaning toward the latter??

Most importantly, have fun, life's too short.....
Do what makes you happy, and if you end up being wrong...who cares??

You've got some bullion, start stocking up on Morgans...As long as it's PM related, how can we go wrong!!??:elefant: :birthday: :emotions16: :emotions16: