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Bullion vs. MS-65 Morgans
Posted:
Wed Feb 15, 2012 5:42 pmby silverflake
OK, I now have a foundation stack of silver I have been stacking since 1993 on a small budget. That is an established fact
NOW, I see MS-65 Morgans (generic date) are going for $170-200 on ebay and at some of the online dealers.
ARE MS-65 MORGANS A GOOD PLACE TO PUT MY MONEY NOW HOPING FOR A BIGGER POP IN THE HOPEFULLY NEAR FUTURE OR DO I JUST CONTINUE MAXIMIZING SILVER EXPOSURE BY PUTTING THE SAME AMOUNT OF MONEY TOWARD, SAY ASE's or 90% Ag?
Any and all thoughts are appreciated.
Re: Bullion vs. MS-65 Morgans
Posted:
Wed Feb 15, 2012 5:45 pmby barrytrot
If silver were worth $67 per ounce (double) does anyone thing MS65 Generic Morgans would be worth $340 to $400 each?
If not, then silver is the better bang for the buck if you believe silver is going to increase dramatically.
Re: Bullion vs. MS-65 Morgans
Posted:
Wed Feb 15, 2012 5:50 pmby silverflake
barrytrot, good point, and it's that point that is pulling me. But, if you look back at the last silver mania (and I don't have the stats in front of me) back 1979-1980, silver went wild but UNC Morgans went through the roof (they didn't have grading services then). It kind of reminds me of some of the gold pundits who say that when gold takes off, the mining stocks will take off for a higher percentage gain.
I guess what I am getting at is, I am baseline satisfied knowing the 'stack' of silver I have right now. I am kind of looking for a vehicle (that is tangible and not a stock or ETF) that might be a little turbo charged once the flood gates let loose so I can actually sell it for a bigger profit.
Re: Bullion vs. MS-65 Morgans
Posted:
Wed Feb 15, 2012 7:00 pmby Engineer
It helps to think of numismatic coins as two separate things. The numismatic value is like investing in bonds, while the silver content is more like stocks.
If you want slow, steady, predictable growth, go for coins with a high numismatic to bullion ratio.
If you want quick gains (and losses), go with straight bullion.
Re: Bullion vs. MS-65 Morgans
Posted:
Wed Feb 15, 2012 7:03 pmby Rodebaugh
Engineer wrote:It helps to think of numismatic coins as two separate things. The numismatic value is like investing in bonds, while the silver content is more like stocks.
If you want slow, steady, predictable growth, go for coins with a high numismatic to bullion ratio.
If you want quick gains (and losses), go with straight bullion.
Post of the Day
Re: Bullion vs. MS-65 Morgans
Posted:
Wed Feb 15, 2012 9:01 pmby Engineer
Rodebaugh wrote:Engineer wrote:Post of the Day
Thanks Doc.
Re: Bullion vs. MS-65 Morgans
Posted:
Thu Feb 16, 2012 7:18 amby NDFarmer
I have said this before but I would rather own 50 Morgan dollars worth $30.00 each than one Morgan dollar worth $1500.00
Re: Bullion vs. MS-65 Morgans
Posted:
Thu Feb 16, 2012 9:14 amby dan53
barrytrot wrote:If silver were worth $67 per ounce (double) does anyone thing MS65 Generic Morgans would be worth $340 to $400 each?
If not, then silver is the better bang for the buck if you believe silver is going to increase dramatically.
All we need is the ability of foresight, then we all become geniuses. In reality, we are speculators relying on anecdotal evidence to navigate the pitfalls of the market.
Re: Bullion vs. MS-65 Morgans
Posted:
Thu Feb 16, 2012 10:53 amby reddirtcoins
After 30+ years... 0
I understand why but, it's kind of getting like baseball cards these days.. What I should have done was taken my 25th set profit and turned it into a graded 70fs set. (I kick myself).. still looking for the right entry point.
Re: Bullion vs. MS-65 Morgans
Posted:
Thu Feb 16, 2012 1:45 pmby pennypicker
Perhaps you could compromise by collecting MS-63's. They're much cheaper than '65s and they're still bullion driven to a point.
Re: Bullion vs. MS-65 Morgans
Posted:
Thu Feb 16, 2012 1:55 pmby exbingoaddict
Bullion and collectables are two very different markets. Silver bullion being a commodity is straight forward. There’s a large liquid market you can buy and sell at a given price any hour of the day.
Collectables (coins in this case) have their own market that is much more illiquid. Even if you buy Morgan MS-65 at below market price, you might be sitting on them for awhile before you find a buyer at the fair market value. Trends come and go in collector coins. Some coins get hot and others get cold. Even the coins at the top can lose value. Just ask the guy who took a bath selling at auction who had the highest graded buffalo nickel for its given year and mint mark. He bought several years earlier at a much higher price.
Everybody should do their homework before jumping into the collector coin game. Or pay tuition later for your education you get the hard way. And remember, buy the coins you appreciate because you might be stuck with them.
Re: Bullion vs. MS-65 Morgans
Posted:
Thu Feb 16, 2012 2:06 pmby exbingoaddict
Engineer wrote:It helps to think of numismatic coins as two separate things.
Indeed!
Engineer wrote: The numismatic value is like investing in bonds, while the silver content is more like stocks.
A bond is a debt that pays interest (often at a fixed rate) while a stock is ownership equity of a firm. Get that you're pointing out the differences but the terms are a little off.
Engineer wrote: If you want slow, steady, predictable growth, go for coins with a high numismatic to bullion ratio.
Collector coins have trends all their own. You do better buying key dates, rare coins, and best of breed coins. There's still good housekeeping seal of approval that the value will grow though.
Engineer wrote: If you want quick gains (and losses), go with straight bullion.
You said it brother!
Overall you're making great points. Just the example was a little rusty. I.e. bonds vs stocks. The spirt of your post is very good though. Two very different markets.
Re: Bullion vs. MS-65 Morgans
Posted:
Thu Feb 16, 2012 2:08 pmby exbingoaddict
exbingoaddict wrote:Engineer wrote:It helps to think of numismatic coins as two separate things.
Indeed!
Engineer wrote: The numismatic value is like investing in bonds, while the silver content is more like stocks.
A bond is a debt that pays interest (often at a fixed rate) while a stock is ownership equity of a firm. Get that you're pointing out the differences but the terms are a little off.
Engineer wrote: If you want slow, steady, predictable growth, go for coins with a high numismatic to bullion ratio.
Collector coins have trends all their own. You do better buying key dates, rare coins, and best of breed coins. There is no guarantee that key coins will appreciate and they may lose value.
Engineer wrote: If you want quick gains (and losses), go with straight bullion.
You said it brother!
Overall you're making great points. Just the example was a little rusty. I.e. bonds vs stocks. The spirt of your post is very good though. Two very different markets.
Re: Bullion vs. MS-65 Morgans
Posted:
Thu Feb 16, 2012 5:20 pmby silverflake
This has quickly become a no-brainer. Bullion it is, bullion it will be. The stack will get higher, quicker. As usual, thanks to all. Do not bother putting any more evidence forth. I am convinced.
Realcenters rule!
Keep stacking!