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I am not knowledgeable about coins,but would like to get some for investments purposes.
I recently came across a collector that is selling some silver dollars dated 1880-1923,they are asking $30 a piece. Is this a good deal? If so which ones would be worth more to get?

Thanks In Advance!

The quick answer is it depends on the condition or the wear on those silver dollars. My guess, without the benefit of having seen them, is that they are typical circulated coins, and in that case, you can get them for less. In other words, $30 is too high. I was at a coin show this past weekend where I saw them for sale at $24 and $25 each. While the price of silver is around $27-28 per oz, and if you don't have too many stacked yet, you should also consider pre-1965 dimes and quarters. There is typically less premium on those coins and they will spend very well some day (soon?). PM me if you want some more help finding coins.

mj74 wrote:I am not knowledgeable about coins,but would like to get some for investments purposes.
I recently came across a collector that is selling some silver dollars dated 1880-1923,they are asking $30 a piece. Is this a good deal? If so which ones would be worth more to get?

Thanks In Advance!

Make sure they're real too- more and more fake ones around now days.

$30 is just a tad High for common silver Dollars at this spot level. Like Shinn said......24-25 in person or 25 shipped in voulme (roll)

shinnosuke wrote:The quick answer is it depends on the condition or the wear on those silver dollars. My guess, without the benefit of having seen them, is that they are typical circulated coins, and in that case, you can get them for less. In other words, $30 is too high. I was at a coin show this past weekend where I saw them for sale at $24 and $25 each. While the price of silver is around $27-28 per oz, and if you don't have too many stacked yet, you should also consider pre-1965 dimes and quarters. There is typically less premium on those coins and they will spend very well some day (soon?). PM me if you want some more help finding coins.

+1 Buying a few reasonably priced morgans is fine, if for no other reason than to keep them out of Rodebaughs hands However, you should be focusing on 90% pre-1964 coins. I try to get the 1960 - 1964 dimes, quarters and halves, which tend to have the most silver due to lack of wear. In addition to that, 1 OZ American Silver Eagles and Canadian Maples are nice (albeit more expensive) options.

Today with silver at $27.50 the local coin shop is selling common Peace dollars (G thru XF) at $25 each. They are selling common pre-21 VF Morgans at $26 and XF's at $27. There is also no sales tax in Oregon so these prices are out the door!!! And here's the kicker, the owner has told me that I'm one of the rare people who come in to his store buying these dollars. He says 95+ % of the silver buyers who come in to his store buy either generic 1 oz rounds, ASE's, bars or 90% junk silver. Hardly anyone wants to pay a small "numi" premium for these old common date dollars!

Wait wait wait... you are shopping in the wrong manner. Morgan Dollars are the most widely collected sexy discs of artfully coined silver. The market for them is huge. The demand for premium examples is strong and the pricing is many multiples of the silver content of .775 ozt ASW. You are buying what seems to be just better than bullion grade common coins. That is fine if that is what you are after. The prices of these can be around melt if you are lucky or about 50-75% over melt for AU examples from a dealer. The AU examples are still relatively common, and because the market for Morgan Dollars is so big, these coins do get absorbed, but not by the finicky Dollar investor. Those people want the goods! They want uncirculated pristine examples of common dates, or rare dates in the best condition they can find, or uncommon varieties of die pairings, or highly reflective surfaces of DMPL coins, or radiantly toned original coins, or the list goes on... The point is that you "would like to get some for investments purposes"

A true investment in Morgan Dollars is NOT going to be the common grade and just better than bullion type. That type of purchase (and resale value) will be strongly dependent on the price of silver. If you want truly investment grade, then you need to take your time and learn about the coin... "buy the book before the coin," the wise men say. After researching what coin is going to make the better investment for you and one that you can appreciate being the steward of, then you can go shopping for your investment.

Otherwise, if you just want to get some Morgan Dollars to just have them, then put a WTB listing here on realcent and I am 100% sure that a helpful member will get you some nice Morgans for less than $30 each.

MH, I was waiting for you to join this conversation . Ladies and Gentlemen the expert has arrived.

Good advice MH.