Should You Stack Morgan Silver Dollars? Bad Idea or Huge Opportunity?
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- เผยแพร่เมื่อ 15 ก.ค. 2022
- Should you stack Morgan Silver Dollars? Are there certain times when you should buy Morgan Dollars and others when it's not a good idea? I think there are some cool aspects of doing so, but I'm not too convinced that it's necessarily the best way to go about owning silver poundage at current prices and premiums. What do you think? I feel like there are some good ways to get an edge, whether that be learning the VAMs, cherrypicking for quality, being willing to buy in bulk, and other suggestions we'll go over. Let me know your thoughts below.
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I buy Morgans to get massive dopamine hits. It matters not if they are culled, or perfect. It is basically a numismatic masterpiece to me.
My grandmother gave me my first Morgans just before she left this world. They remind me of the undying love that she had for me, and I still have for her.
Same. My late father showed me some Morgans & I'm hooked for life.
Same. My grandmother gave me Morgans for years until she died. They formed a sort of special bond between us. Morgans are money. Morgans have the right weight and feel to run through your hands, and that 10% copper makes them go clink clink clink in a way that American Silver Eagles never will. They are the iconic Western coin, gambler's coin, and "grandma" coin. I give them to my grandchildren to carry on that tradition.
The Morgan was what actually got me into all of this and remains my favorite silver simply because it's "real" in that it's an actual coin rather than a round or a round posing as a coin (like Eagles and other modern silver coins).
Morgans were actual currency which were used and handled by people and unlike the modern coins, they actually have numismatic value to them rather than just premiums.
Then there's the history - the newest ones are a century old - that's an appeal for me as well.
Yeah, I know this is all subjective stuff but I can't help myself - if the premium percentage is the same for a Morgan and an Eagle, I'll take a Morgan.
I agree, this is why i only stack constitutional silver
The premiums are waaay higher for Morgan’s than Eagles.
I get what you're saying and understand the sentiment. However... a Silver Eagle is an actual, for-real silver dollar, minted by the U.S. Treasury, with a date and a guaranteed face value... just like our beloved Morgan and Peace Dollars. They're beautiful to boot. The kicker is that while you can generally buy a Morgan (culled for stacking and not suitable for collecting) for roughly the same price as an Eagle, the Eagle is pure silver, while the Morgan is only 90% silver.
With all of that said, however, I must admit to having Morgan and Peace Dollars in my stack. I'm kind of addicted to their classic look and built-in historic value. They're wonderful to have.
Don’t stack Morgan but collect! I think when you bought these Morgans yourself, majority you would not consider to stack them because of crazy premium regardless you have coin business or not.
Right on - I think the collecting aspect is the right way to view it.
I’m 70 coins into a full Morgan collection in Fine condition using the Dansco albums. Pretty fun! And when I’m done I might upgrade a few for cleaner copies, but it’s fun and a bit ambitious. I enjoy flipping through the pages and feel the weight of the coins. Something cool to pass down as not everyone spends that much to do what I am out to finish.
Both collectible and 90% silver. Hard to beat.
Personally I want to stack the Morgan silver dollar but not for the silver. I want to preserve the actual coin. They are not being made anymore so I figure their value goes up as more people melt them down for silver content.
You should absolutely collect them or stack them or whatever you want because the knowledge you will gain along the way is priceless.
I stack low grade Morgan's. $30 ea shipped, $25 ea if I go pick them up. Cleaned, Damaged, what ever. The Morgan is very recognizable to people who don't collect or stack. It is a great size. It has been used for trade since the Romans times with the Thallen and then the Spanish Pieces of Eight. The low premium on low grade Morgan's for me is really pretty good. The only problem is Coin Dealers ragging on me for cleaning coins. Hay look I'm not here for high collector/dealer premiums and pedigreed Silver. I'm here for the best form of Silver in the cheapest fashion. And Big Bulky Bullion bars and such are just not my style.
Want to see a cool 1886 that was fire damaged and cleaned, now has funky copper highlights, payed $26.11 shipped. I just uploaded one, 100% great coin for my Stack.
Me right now
Oh man, the Morgan & Peace dollars are my absolute favorite Silver coins. I have 4 or 5 dozen, but would love a small treasure chest full of them, just to scoop, and hear them clinking around in my hands. They are far from my eventual stacking goal, which would be to hit a 10 to 1 ratio of Silver to Gold, consisting of mostly Eagles 🦅. But every now and then, when I can sneak in to an auction late, and snatch em’ for a low price, I will add a couple more, here and there. Dang it, now you got me searching eBay again for those Morgans.
Me to. I love throwing my Morgan's around. They told me Do Not Clean Those Culls LOL. Like if you clean a Cull you are going to get COVID LOL. Clean or dirty Culls are all worth the same. Just so happens that I like clean silver way better than dirty silver.
I'm exactly like you. I'm filling a tackle box and love to scoop up a large handful and the sound. Good stuff.
I love Morgans but only collect the CC’s these days. Thanks for sharing a fun video!
That's cool - some rarity!
Carson City's are expensive with premiums right now
Please forgive my subject ignorance. I started collecting 2 yrs ago & my knowledge is based from books. I was wondering why the value of some of the Morgan's picked out to show better are less than what I've read? I'd appreciate any books or resource recommendations you could suggest. I appreciate the information shared on your videos & have gained much valued numismatic information. Thank you for sharing your experience & much valued time.
I stack them. I also stack 90% junk. Silver prices go down, but Morgan’s hold value….
I definitely don’t stack Morgan’s, but definitely collect to fill my Morgan dollar Dansco albums! Thanks for sharing
I do love the USA Morgan Dollar as a coin collecting item. Would love to have all the S minted years only missing the 1893S and 1895S minted coins(rarer dates of the S minted Morgan coins). The size and look of both sides appeal to me.
I love Morgan’s. I love building a collection of them separately from my stacking side.
It's important to learn how to identify cleaned and counterfeit coins, especially when buying raw Morgans with any numismatic premium.
It's also fun to hunt for/cherry pick Morgans on the cusp of major condition rarity premiums, such as the 84-S in AU50, 53, 55, and 58 grades.
ANACS says 80% of Morgans have been Cleaned. If you are buying Pedigreed Morgan Dollars, you are paying way to much premium to be a Stacker. You are a Collector, just go ahead and admit it, you are a Collector !
And If you are collecting being Clean is only one rule that will lose your pedigreed. Altered Surface, Environmental Damage, Graffiti ect....... See ANA or PCGS Guidelines for more information.
There are 2 defined strategies I can see with Silver. Being a "bullion monster" or a sentimental Coin and Silver type. You can leverage both and add gold, real estate, and stocks etc. However if you read the comments you truly understand the "Numismatic" appeal. People love holding a real Silver Dollar and imagining where this coin has been. I read comments like that all the time. People love a connection and holding a coin and wondering if it was exchanged at a horse race in 1888, or spent at an Opera fascinates the human mind because it was around and the possibilities are endless. I have 1oz rounds. They have zero appeal except the Silver content IMO. Emotion wins, I'm stacking culls of Morgans and Peace. Great content.
Yeah I think they're viable to stack when you can find them for great prices. I'm working on a combo tube of morgs and peace. So far all from cull boxes, but none cull, even some AU
I focus on 1921 p,d,s. I have been finding BU examples for 35-40$ in auction, it's gambling... I sometimes hit a ms64. Works for me
I don’t stack them but Love the history of how they came to be. I wonder how many pockets got worn out at the turn of the century toting them around🙂. Thanks for the video.
Definitely!
Love peace and Morgan’s I’m going to start stacking those with my junk as opposed to silver eagles. They interest me way more than eagles for similar govt bullion
Control of silver price if that never ends that means BU Morgans/peace dollars are something that coould go up.
So I got my silver weight up to a certain level first in case the manipulation of silver ends. Then I started the BU Morgan stack. The morgans are so cool to look at in display holders, and to just enjoy in general as well as do research on, etc....
I have approximately 75 that I never paid much attention to but I think it one of the more handsome designs
what got me into silver stacking was I found a 1882 Morgan and a few other silver coins on a job and fell in love with it ever since
actually found mine under a rotten chicken bone and a 14k gold ring next to the Morgan. what a find I thought
Very cool!
Back in 2020 I stacked several tubes of BU Morgan’s from my LCS and coin shows at the time $40-$45. That turn out to be a good move!
Nice!!!
No way
As a true collector of Morgans I don't see many out on the market now worth collecting.
My brother and I started seperate collections back in 1988. What we see now on the market is nothing but junk coins according to standards set back in the the early 1980's. Now there are some good coins out there and a few good dealers at shows and some good LCS guys.
However in the last two months I've seen two different TH-cam coin dealers send cleaned Morgan's off and they came back in slabs MS 63 - MS 65.
I've see the same thing at shows where sometimes every 4th slabed coin I look at has been cleaned.
Thats bull crap in my book and the reason #1 I haven't and will not purchase ANY coins off the internet.
#2 l'll only purchase at coin shows or if I have them in my hand.
#3 I'm not really sure I trust grading companies any more.
I'm sorry but as long as people keep passing off these cleaned coins for BU and MS then the true value of true collectible coins will stay depressed. Also people that purchase these cleaned coins at ripoff prices will never see an investor gain in the value.(I don't think)
I think most are over graded myself!!! Every other one is a 63!! Oh look another 63!!! Some are beat to hell and get 62!!! I dont see it myself most are 60s tops!!!! Im not a big fan of them anyway JMO
@@jasonhastings5538 Exactly.
I wish you could see some of the ones i have that was graded and slabed in the 70's and 80's.
The way they grade them now mine should be MS 110
@@chesterraybon3442 seen one video the guy bought off ebay to flip! I get its about making money but for what he is selling raw you can get them in slabs for afew more dollars, and know that are real!!!!🤷♂️
Thank you for sharing your thoughts, Chester!
So many cleaned Morgans out there you are correct. I disagree with the internet point. I have a few trusted dealers I purchase from and have been impressed. We can argue about strategy however realize most people have no plan so we are way ahead IMO. It takes a long time to be able to know when you have a coin not cleaned and magnificent.
I'm a stacker only and only go for weight of silver. I do have a good amount of junk silver, but stay away from Morgan's and peace dollars. In lcs the price is to much for the weight. But I might get a few for examples like I did with 40% half dollar Kennedys.
the first coin given to me at age 5 was an 1889 Morgan. I held onto that for decades until someone stole it from me. this year, I am focusing on 90% and Morgans and Peace are stacking up. I try a mixture of reputable dealers, registered auctions with graded items, and eBay but only items with free shipping and bidding starts at under $35USD. In 3-6 months from now, I can already tell that 1 Morgan in any condition will start at $40USD and increase from there....onward and upward! stack on
Morgan’s will keep going up.
Shops in Washington state charge 32.00 for culls or cleaned Morgan’s. But looking at some of your coins I believe I saw some 40-60 dollars coins. The cotton balls were clear and nice hair etc.
I do the same thing I pick through and try to find the nicest eYe appeal coins that I can.
Recently I bought a small collection that had 12 Morgan’s and three piece dollars mostly common dates and paid $25 apiece versus 32 at the coin store, so I saved about 100 bucks.
But down the road there’s going to be those buyers that just want to have a Morgan dollar so they’re gonna want the cheaper ones they’re not gonna be collecting for numismatic value.
I realized the silver content is less but still a good commodity for stacking because of their rarity.
But along the same lines I’m still buying silver bullion but watching the premiums another words I’m shopping for the best deal.
And then I’m always picking up constitutional silver I don’t care what condition it’s in. Of course the nicer coins the same thing as silver dime might only be worth $2.50, but I may find a rare date and actually end up with maybe at eight dollar dime.
Interesting! I think if you can get Morgans really cheap, it's good, but can mislead some. That sounds great to pay $25/ea.. I'd buy them all day at that price. These were bought attractively (which is why they're in front of me). RIGHT ON in terms of looking for the best deal.
I agree, they can only go up because you can't manufacture antiques. And Stackers like me are starting to snatch up all the Low Grade ones.
If you're a true stacker, you're looking for the best bang for your buck. With that said, I do love the feel and history of Morgan dollars. I don't get that from generic rounds or bars.
I don't like Apple or Mac products but I Curate Computers so I Keep great Examples of those Computers .
I do Like Morgan's and Peace Dollars solely for the Numismatic Value . I also stack with the Value of Silver in Mind .
All in All , It's Fun and it is a Savings that Keeps up with Inflation over Time .
The Idea as one gets older is to Die Peacefully and Leave the Value to Decedents to Help clean up your Mess after your done Here .
I can't help but wonder if BU Morgan's @ $55 each now in August of 2023 is still in the leave alone bracket.
lol, morgans shot up 20x 1979-1982 from $50 for a BU CC to $600. Morgans are also protected by the pre 1933 pitman act. THE BEST SILVER INVESTMENT! Govt backed too!
The Pittman Act of 1918 didn't protect Morgan Dollars; it did the opposite. It ordered the melting of about half of the total 1878 through 1904 production of Morgans to provide silver bullion. A lot of the bullion went to Great Britain to prop up India's paper currency and the remainder was used to mint the 1921 Morgans.
I collect MS65 Slab, Morgan and peace silver dollars. I Also collect world silver Coins. I believe They are A better investment. Then silver rounds, Or bars.
I just recently picked up ten Morgans at a local pawn shop for $32.50 each. Eight of them were dated 1800s, all eight in AU or better condition. Two were 1921 and not as nice, but still not bad. I'd say the 1921 Morgans were VF or better.
Solid!
Morgan dollars are the best. Stack em high, and often.
Nice collection.
One day I might buy one or two...
You should!
@@TreasureTownCoins Yes I am thinking about it. But I'm on an island where there isn't even a coin shop. I have to order everything online. And on arrival I pay a big tax on the silver.
I have Morgan dollar 1898 how much the value this one dollar Morgan
With silver over 31$ would melt not be around 27.90$?
If you don’t like the Morgan’s, I will take as many as you want to give me . I do not have any, I just got started and I have a lot of wishes and you know what they say about wishes. Alicia
so where do we buy from you
I don't know this video was a little confusing, admittedly I wasn't paying 100% attention. I kinda got from you that they have to be in good condition. What if you are just buying for silver content I am just buying them for silver? I don't need to have beautiful ones to sell to a dealer do I? Thanks
No for Stacking they need to be in poor condition. For Collecting they need to be in pedigreed condition.
I love them and have 100s but not for my stack, though I do think they will keep going up in price
Interesting!
For me, it comes down to liquidity.
Iv been burned on silver when it's time to sell. Eagles, Morgans are a favorite.
Fair!
Treasure Town I like to buy Morgan Dollars not to stack but to buy from Carson City from About Good to Extremely Fine is $190 a good range? Also I've experienced for myself I haven't bought silver because of inflation and I'm not getting much premium back. I use to not care about inflation now I do because the supply of silver is drying up so I'm sort of in a quandary.
Um they are not half dollars
For the Carson City Morgan, $190 might buy you a low to mid grade coin, depending on the date. If you're looking for Extremely Fine, you'll have to go a lot higher than $190. Also, Carson Citys are frequently counterfeited by our pals in China and by other fakers, so it pays to learn as much as you can and beware when shopping for these. Unless it's a dealer I know personally, I'd only buy slabbed CC Morgans--PCGS or NGC.
I belong in the group C category and then + some. Go to sell a common circulated Morgan to a dealer and see what they give you pretty sure you get shlacked on price. I don’t buy raw Morgan’s and the only raw ones I have I inherited. I can tell you the slabbed Morgan’s I have bought in the last few years have went up in value. I would rather stack modern commemorative silver dollars for $25 a piece than overpriced circulated Morgans.
My dealer has a $5 spread. Buy for $25 sell back for $20. I tell him, okay I'll be back in ten years to sell it back to you.
i have been buying precious metals for 15 years and the biggest misconception is it an "investment." unless you are buying thousands of dollars at a time, precious metals are NOT an investment, they might be a small asset. if the dollar collapses, you will need thousands of OZ of silver and gold to make any meaningful difference. a more important commodity will be ammo.
Let's be honest; Silver's an outstanding investment; who really cares about how pretty it is; without it you have no electronics. The Dollar is crashing and Silver, gold and other precious metals are what keeps the economy going. Yrs you cant eat it, but it has commercial value anywhere on Earth.
Silver eagles are pure silver. 1 ounce. Morgans are 90% silver meaning they contain .7734 ounces of silver. I would mostly keep the Morgans on the numismatic side unless they are super slicks.
Morgan’s seems like a loss if silver goes up fast because of opportunity cost. They seem like a win if silver goes down though because of the collector value.
I rather buy ASE with those premiums on the Morgan’s
I bought my Morgan for $27.50. It’s a xf, good deal?
Very
Hi. Would a 1995 1$ bill, have a diffrent value, than the face value ?
Have 1 morgan dollar silver coin
I like this 1889 3:44
Thanks!
@@TreasureTownCoins Is it for sale?
Im not a morgan fan either!!!🤷♂️🤷♂️
You pay more for slick morgans than ASEs, rounds and bars!!!
i have 1 coin ..1895
"Stacking" Morgan dollars makes as much sense to me as buying graded and slabbed silver bullion coins.
Thanks for the perspective!
Good insight, but I think you are wrong. I think Morgan's will keep going up, and I think they are a great investment. Even if silver will go down, these coins will 'beat the market'! Everybody wants them, and they will become scarcer and scarcer. Only time will tell of course, but I have seen this many times with other things (Whisky - Rolex watches to name a few), where people said it was not a good investment, and then all of the sudden... BOOM.
Interesting points! My view is that there are enough not to be super scarce... but I wouldn't be surprised if they go up in value (mostly tied to silver prices).
Simply because they don't make them anymore, HighFive!
@Treasure Town with the feds testing out digital currency and the American Dollar in decline due to debt gold and silver seems to be a good move..I collect Morgan's for silver content mostly.
If the global economy crashes as predicted my Morgan's may make me some money...
If you buy morgen and peace dollars you are more worried about the age and value of the coin. Not really hot for stacking
I agree 100 percent.
Ther great. Untill they go into ugly ms packs !!
Silver dollars of any kind aren't really great for stacking, but they are good for stacking. The reason(s) are many. (1) I believe in diversity within my stack. (2) I like to keep my stack proportional, which means that if I have 10 Morgans, I have 10 Peace, 40 half dollars divided as evenly as possible between Kennedy, Franklin, and Walk Liberty halves. I also would have 80 Washington quarters and 200 dimes divided evenly between Mercuries and Rosies. (3) Silver dollars almost always command a higher price, often well over the spot price of Silver. (4) The nature of the coins means that while not all good condition Silver dollars are highly collectible, they become more collectible and more rare with each passing year, thus automatically adding to their value over time. (5) They still add genuine Silver weight to my stack. (6) I believe their ability to preserve the wealth I've spent in purchasing them will vastly outweigh any premium that I paid to get them. (7) Also, when selling these in any quantity, large or small, Morgan and Peace dollars are excluded form any reporting requirements. (8) 90%, Junk, or Constitutional Silver is probably the best overall Silver to make up the base of your Silver stack in my opinion. As such, having Morgan and Peace dollars is pretty much a must.
I'm. 82 yrs old have done better w 90% scrap. . But at 5-6,$ you could get Morgan's yrs ago and there 25$ now
📽️👍👍👍👍💪
How many are fake??
I've bought 55 low grade Morgans bidding on ebay in the last 2 years. No fakes yet. And if I get one you can bet it will be reported to ebay and I will get my money back.
Peace dollars look better!
Certified Morgans are where its at. They are not making any more.
It wouldn't be any fun not having a tube🤷♂️
According to ANACS 80% of Morgan Dollars have been cleaned !!!!!!!!!!!!!
Oh there is no good reason to buy Morgan dollars. Period. If you are investing in silver, you can find much lower premiums. If you're investing in numismatics, Morgans are the most overpriced numismatic coins in the world.
Pedigreed Morgan's are overpriced. Cull Morgan premiums are not bad. Pure silver stackers do not stack pedigreed coins. I think you have us mixed up with collectors. Go watch my last video and tell me that coin is not worth $26 + $5 shipping.
@@TobaccoRowe1960 I 100% agree with you cull Morgan’s are very fair and gorgeous
Silly attempt to force a false dichotomy between stacking and numismatics. Morgans are money. End of story.
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I’m Morgan crazy right now
If you buy morgen and peace dollars you are more worried about the age and value of the coin. Not really hot for stacking