Morgan Dollars have become very popular as an investment vehicle of late.
Not just for coin collectors but for the general public as well. Among the reasons for this is because they cost a reasonable amount of money to buy, have performed very well in the past as an investment, and are beautiful to behold.
Like any investment, you must do your homework first if you expect to come out ahead over dealer profits, inflation, rare coin appreciation in general, and knowing which specimens to buy in particular, to ensure that you don’t take a loss instead.
One thing you need to keep in mind about Morgan Dollars is that specimens that grade below AU-50 are, as a rule, only worth their silver bullion value. Of course, there are a few exceptions, especially for Morgan Dollars minted at Carson City, but most Morgan Dollars on the market today never circulated as regular coinage. The main reason for this is that the Mint produced hundreds of millions more Morgans during the 1800′s than were needed for circulation, so they sat in vaults.
Not just for coin collectors but for the general public as well. Among the reasons for this is because they cost a reasonable amount of money to buy, have performed very well in the past as an investment, and are beautiful to behold.
Like any investment, you must do your homework first if you expect to come out ahead over dealer profits, inflation, rare coin appreciation in general, and knowing which specimens to buy in particular, to ensure that you don’t take a loss instead.
One thing you need to keep in mind about Morgan Dollars is that specimens that grade below AU-50 are, as a rule, only worth their silver bullion value. Of course, there are a few exceptions, especially for Morgan Dollars minted at Carson City, but most Morgan Dollars on the market today never circulated as regular coinage. The main reason for this is that the Mint produced hundreds of millions more Morgans during the 1800′s than were needed for circulation, so they sat in vaults.