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Considering a purchase: 1897 O Morgan

This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.

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Considering a purchase: 1897 O Morgan

Postby thecrazyone » Mon Dec 28, 2020 8:51 pm

Someone I know has one for sale for $30. Looks to be a fair price compared to those online. I need it for my book, but not sure if I should buy it. I'm going to sleep on it tonight.
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Re: Considering a purchase: 1897 O Morgan

Postby coppernickel » Mon Dec 28, 2020 9:21 pm

Go for it.

If you will enjoy it, it is worth it.
Silver Monometalism is the most permanent and stable form of money the world has seen. Natural law and history prove silver value is best multiplied by gold and best divided by copper. It is only in this counterfeit currency time when the natural law appears suspended.
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Re: Considering a purchase: 1897 O Morgan

Postby Morsecode » Mon Dec 28, 2020 10:42 pm

With melt at $20 and change there isn't much downside risk. Buy it, be happy. :thumbup:
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Re: Considering a purchase: 1897 O Morgan

Postby Recyclersteve » Tue Dec 29, 2020 6:08 am

You might consider it a late Christmas gift to yourself.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).

Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
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Re: Considering a purchase: 1897 O Morgan

Postby thecrazyone » Tue Dec 29, 2020 8:53 am

Thanks, guys!

I saw some different year Morgan's at a store over the weekend, and they were all $40, so I thought this one for 30 would be good.
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Re: Considering a purchase: 1897 O Morgan

Postby NDFarmer » Tue Dec 29, 2020 12:20 pm

If it has any quality at all to it $30 isn't a bad price.
Copper - the "poorman's" precious metal !!
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Re: Considering a purchase: 1897 O Morgan

Postby thecrazyone » Tue Dec 29, 2020 6:34 pm

I got it!!
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Re: Considering a purchase: 1897 O Morgan

Postby thecrazyone » Tue Dec 29, 2020 6:45 pm

I just weighed it and it weighs 26.2g. Hope that's ok since a mint one is 26.7.
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Re: Considering a purchase: 1897 O Morgan

Postby Rodebaugh » Tue Dec 29, 2020 7:54 pm

She is legit; an honest coin I grade at F-12.
This space for rent. :)
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Re: Considering a purchase: 1897 O Morgan

Postby thecrazyone » Tue Dec 29, 2020 8:01 pm

Rodebaugh wrote:She is legit; an honest coin I grade at F-12.

Awesome!!! Thanks!
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Re: Considering a purchase: 1897 O Morgan

Postby thecrazyone » Tue Dec 29, 2020 8:14 pm

The 'T' looks like it took a hit at some point over the last 100 yrs.
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