morgans or ASE's

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.

Please Note: These articles are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.

morgans or ASE's

Postby blatant » Thu Feb 10, 2011 5:02 pm

What would you choose? A roll of Morgans 1921D's uncirculated or a roll of ASE's. Now aside from the eagles have more silver, obviously. Which would you choose and why? Is there a benefit of one over the other? A roll of Morgans would be 600.00
blatant
 
Posts: 16
Joined: Tue Nov 23, 2010 10:26 pm

Re: morgans or ASE's

Postby Rodebaugh » Thu Feb 10, 2011 5:20 pm

The morgans.....hands down.

20 ninety year old coins in BU condition......or 20 BU coins made yesterday.

If silver spot returns to $5 an ounce ases will trade at $7.50 and I would personaly buy those morgans for double that at $15 each all day long.
This space for rent. :)
User avatar
Rodebaugh
Realcent Moderator
 
Posts: 7959
Joined: Fri Aug 14, 2009 3:00 pm

Re: morgans or ASE's

Postby NDFarmer » Thu Feb 10, 2011 5:33 pm

I agree I would take the Morgans they have a lot of history and numismatic value behind them. The ASE's have neither.
Copper - the "poorman's" precious metal !!
User avatar
NDFarmer
Super Post Hoarder
 
Posts: 3893
Joined: Mon Jan 07, 2008 3:00 pm

Re: morgans or ASE's

Postby fasteddy » Thu Feb 10, 2011 6:27 pm

Is China making any 1921 D morgans? take a nice strong magnet to check the coins and maybe a nice HI RES pic of a genuine morgan...better safe than sorry latter.
User avatar
fasteddy
Post Hoarder
 
Posts: 2656
Joined: Wed Sep 02, 2009 10:00 am

Re: morgans or ASE's

Postby 68Camaro » Thu Feb 10, 2011 7:09 pm

fasteddy wrote:Is China making any 1921 D morgans? take a nice strong magnet to check the coins and maybe a nice HI RES pic of a genuine morgan...better safe than sorry latter.


Don't know about that specific one, but China proudly proclaims the right to counterfeit (duplicate) the historic currency of any country prior to something like 1949.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
User avatar
68Camaro
Too Busy Posting to Hoard Anything Else
 
Posts: 8307
Joined: Thu Dec 30, 2010 6:12 am
Location: Disney World

Re: morgans or ASE's

Postby blatant » Thu Feb 10, 2011 7:37 pm

both of what i suggested is completely possible tomorrow for example. I can understand the idea of morgans and numis, I would agree. If silver keeps going up then I would also say that ASE's may be a better position as if silver goes big, general numi morgans and peace may turn into the pos only.

now what if i said nevermind the BU's.......

Now lets try this. Say i could get all the morgans or peace, all day long at 24-25 dollars. Melt is 23.30 currently. Would you still say ASE's?? Or would you go with the morgans or Peace?

i appreciate the info since this is quite practical.
blatant
 
Posts: 16
Joined: Tue Nov 23, 2010 10:26 pm

Re: morgans or ASE's

Postby Rodebaugh » Thu Feb 10, 2011 7:58 pm

good question....depends on what your getting ase's all day long at.
This space for rent. :)
User avatar
Rodebaugh
Realcent Moderator
 
Posts: 7959
Joined: Fri Aug 14, 2009 3:00 pm

Re: morgans or ASE's

Postby Lemon Thrower » Thu Feb 10, 2011 8:08 pm

whatever gives you the most silver per dollar of premium.

either buy numismatics or bullion. if you are buying numismatics, its not the 1921 morgans that will increase in price.

I have a lot of confidence in bullion. I know less about numismatics.
Lets Go Brandon!
User avatar
Lemon Thrower
Super Post Hoarder
 
Posts: 3757
Joined: Fri Jun 13, 2008 10:00 am

Re: morgans or ASE's

Postby beauanderos » Thu Feb 10, 2011 8:33 pm

There would be no surcharge from a refiner for ASE's so, to be fair, the premium paid for an ASE vs Morgan or Peace could probably be a few percent more. An international market would seemingly favor ASE's. If silver explodes (as I expect) the numismatic premium will wither commensurately with the extent of the rise of the POS. ASE's will always allow you to get back that small premium you originally paid in that same scenario. How about some of both? Who says you have to pick one or the other? Hunt for bargains, buy ASE's on price dips and dollars with dollar-cost-averaging.
The Hand of God moves WorldsImage
User avatar
beauanderos
Too Busy Posting to Hoard Anything Else
 
Posts: 9827
Joined: Wed Oct 14, 2009 10:00 am

Re: morgans or ASE's

Postby blatant » Thu Feb 10, 2011 9:20 pm

what you all say is what i already know.....seems like i need some sort of push for some morgans, or a push away from them.....i'm stuck on history and the personal attraction to morgans and even peace... but I understand the value of silver, oz, simply put.

I think i'm off the idea of a roll of morgans for 600, bu or otherwise, when a roll of eagles is marginally more dollars but "considerably" more silver. That is with the bu's.

What about the idea of picking up morgans or peace at 24 when eagles are 34 or 10.00 more for ase's....... keeps dragging me back to a better deal or more units with morgan or peace for the same price. There is something about morgan or peace that keeps the premium or the buying and selling price "way" highter or 'more' higher than it should be.....but it is.
blatant
 
Posts: 16
Joined: Tue Nov 23, 2010 10:26 pm

Re: morgans or ASE's

Postby Rodebaugh » Thu Feb 10, 2011 10:13 pm

Here is your push......I buy ases and think of them as what they are......junk bullion. Just silver nothing more nothing less…..that is all they will ever be. As long as I am alive.
This space for rent. :)
User avatar
Rodebaugh
Realcent Moderator
 
Posts: 7959
Joined: Fri Aug 14, 2009 3:00 pm

Re: morgans or ASE's

Postby ScottyTX » Thu Feb 10, 2011 11:44 pm

Humm very tough to answer that one for me personally. I usually go buy which is easier to flip/sell if you need to or whatever. Both are by far easy to resell if you need to so.... If your in this for a very long term investment only time will tell which one will hold their premuim/value the best. There are a few different angles to look at as most have discussed already above. I guess what I'm getting at is, what do people buy the most of in general for investement/collectiable purposes? In my experience when it comes to silver any 90%, Morgans, and ASE...so when all else fails buy what you like the most. That will most likely make you more comfortable with your purchase and leave you satisfied?
"Against logic there is no armor like ignorance. "
Laurence J. Peter
User avatar
ScottyTX
1000+ Penny Miser Member
 
Posts: 1320
Joined: Thu May 01, 2008 3:00 pm
Location: Montgomery, TX

Re: morgans or ASE's

Postby 999Ni » Fri Feb 11, 2011 12:22 am

ScottyTX wrote:so when all else fails buy what you like the most. That will most likely make you more comfortable with your purchase and leave you satisfied?


Exactly 8-)
Ron Paul 2012!

Image
999Ni
Penny Pincher Member
 
Posts: 205
Joined: Thu Nov 25, 2010 10:04 pm
Location: With My Metals

Re: morgans or ASE's

Postby Lemon Thrower » Fri Feb 11, 2011 6:51 am

if you buy in quantity, ASE's go for about $2.50 over spot. Since morgans have only .76 ounces, to be on par the premium would be $1.90. Or if you could get morgans for $2 over spot, then the comparison with ASE's would be $2.63.

A few years ago, it was hard to get morgans or peace for only $2 over. with silver so high now its a little easier.

so as long as you dont pay too much over face i think you are ok.

silver dollars are sort of like $2 bills - folks have an emotional attachment to them above what they are worth.
Lets Go Brandon!
User avatar
Lemon Thrower
Super Post Hoarder
 
Posts: 3757
Joined: Fri Jun 13, 2008 10:00 am

Re: morgans or ASE's

Postby kiwiman » Sat Feb 12, 2011 11:49 am

I'd say 20% ASE's 80% Morgans. I think morgans are so much cooler and have the numismatic value. Also if tyhe economy collapses you will need some easily recognizable silver before the common person recognizes ASE's. watch this guys video. http://www.youtube.com/watch?v=FrX3qjgy ... re=feedlik he has a few other great vids too you should check out.
You could be sorting right now.
User avatar
kiwiman
Penny Collector Member
 
Posts: 318
Joined: Sat May 15, 2010 3:00 pm

Re: morgans or ASE's

Postby kiwiman » Sat Feb 12, 2011 12:04 pm

You could be sorting right now.
User avatar
kiwiman
Penny Collector Member
 
Posts: 318
Joined: Sat May 15, 2010 3:00 pm


Return to Silver Bullion, Gold, & other Bullion Metals

Who is online

Users browsing this forum: No registered users and 31 guests