90% vs ms graded Peace or Morgan Dollars

[robroy]

Not sure if this is the right place to post this question.

The other day I had stopped into a coin shop that I make infrequent purchases and bought some ASE as Christmas presents and some 90% dimes. As I was wrapping up my purchases the owner of the shop made a comment to another customer that the only way to make any return in numismatics is to buy MS graded Morgan or Peace dollars and hang onto them for about 10 years. And that any one buying 90% is almost wasting his time.

I was wondering what the thoughts are on the topic.

Thnaks...............

[Rosco]

I'm Stacking to save us not to make money by flipping graded coin
I feel that any Silver or Gold stacked it a good thing

[reddirtcoins]

I think he is just trying to push what he is stuck on. There are way more ways to make $ then just on numi Morgans and Peace. As example just go back a few years. You could have picked up buffalo's graded 70 for nothing. I know, I'm kicking myself for not having more... To me the key on numi is to "make the find" and slab it. Or in the case of buffalo's be there from the start. Heck, look at the proof ASE or the rare low mintage coin in a mint set. better yet, look at coins that have low populations in the grade. That will make you way more money then just those 2 coins.

[reddirtcoins]

.......and I use to not like the graded stuff...

[68Camaro]

Numismatic coin vs. PMs as intrinsic metal value are two different classes of product.

[rsk1963]

rodebaugh does the graded coins all the time (find under graded pieces) and have them re-graded.

90% you can make some money on, just have to know prices to buy and sell. I would think reddirtcoins has this guy pegged about right.

[gubni]

Sounds like atypical pessimist.

[johnbrickner]

According to the Morgan Dollar Report, since 2002 about a supermajority of Morgans in all qualities and verities average return are in the mid to low single digits. The highest loss for that time was 1887 O MS64 -21%. Most losses (very few) were -5% and less. Noted high return Morgans are: 1901 F12 - MS-60 @ 19.5% to 26% and the 1899 F12 @ 19.5%. All percentages are annual returns.

Other Morgans with good returns include: 1892 CC F12 - MS63; 1893 O F12 - XF40; 1894 F12 - MS60: and 1895 F12 - PF65 all had double digit returns.

I've got silver at just under $5 for all of 2002 (call it $5) now at $20. (Engineer check my math) I figure that at just around a 12% average annual return. So unless you could cherry pick the Morgans back in 2002, and my math is good 90% is the winner.

[rainsonme]

I agree with Rosco --- any stacking is a good thing. I think 2014 will be a very difficult year for "stackers", but the value of PM's will gain not long after that, and I expect I will be very happy for what I have held onto.

For pure silver play, morgans and peace dollars are very poor way to stack silver. For about about $15 worth of silver you have to pay $20-$25. both 90% junk and silver rounds are much better buys for the silver. but i have found a lot of high grade morgans selling at $20-25 that might gain over time.

I do both. I love the high grade morgans, even if they are common years (but not 1921 -- I never buy 1921), and I cannot resists buying the early morgans in high grade. But I know I am getting a MUCH better buy on silver with the 90% junk.