Morgan Silver Dollars Set Pace as They Move Higher

[ximmy]

I wish I had bought Morgans early on instead of silver eagles... Oh well

Perhaps the most positive action of all has been in the overall silver dollar market. While the obvious has occurred to circulated common coins due to a $10 drop in silver bullion, the rest of the market has been undergoing a quiet boom. First there have been dramatic increases in all 1878 issues, the emphasis on the 8TF and Carson City issue. This first year lends itself to a lot of interest across all areas of the market because of the interesting five major varieties and over 100 or so minor varieties. Aside from the serious collector/dealer interest it is also one of the most popular telemarketer and promotional house items because interesting stories can be wound around the varieties. This group enjoys greater than normal interest and yet there have been even greater gains in several better date Carson City issues this year. Such as the MS-64 1893-CC mentioned in another article with over a 50 percent gain. Many of the scarcer San Francisco issues have also done well this year, including the 1895-S and the 1904-S. There have been some incredible gains in a few MS-67 issues with the 1882-O and 1896-S gaining over $10,000 and the 1921-D nearly tripling in value at $38,500. Of course only a few of each exist in that grade. Morgans are having a good year.

http://numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=27160

[madfranks]

I love silver dollars. I'd rather have a roll of Morgans or Peace dollars over SAEs any day. I haven't been much of a buyer lately, but I've been picking up silver dollars as I see them. Just got 8 last week.

[Silver Rocket Bitches!]

Goin to a show this weekend. I love the tables that have a bucket of "junk" morgans at spot price. Silver's always on the move up when I'm about to hit up a show..

[jimswift]

Morgan's are my favorites. You catch the right ones and they are down right sexy.

[Hitch]

Morgan's are my favorites. You catch the right ones and they are down right sexy.

You feel like you are holding history in your hands...I love peace dollars, my favorite. I just ordered a lot of 6 off of ebay at a decent price (I think). Mix of morgan's and peace for $160. Anyway, excited about the purchase.

[Sparky]

Love the Morgans. I wish I had more. However, in terms of quantity, I think you want to hold SAE's. A handful of Morgans might hold a premium, but you probably start to lose per-coin premium if you wanted to redeem a lot of them at one time, unlike SAE's. A decent rule-of-thumb might be to own one Morgan for every 10 SAEs, and one SAE for every 5-10 generic ounces (rounds or bars). Does that sound reasonable? More importantly, try to own some of every type, including some form gold. You never know what scenario is going to play out. Probably should own at least 1 gold ounce for every 50-100 silver ounces.

[ximmy]

Love the Morgans. I wish I had more. However, in terms of quantity, I think you want to hold SAE's. A handful of Morgans might hold a premium, but you probably start to lose per-coin premium if you wanted to redeem a lot of them at one time, unlike SAE's. A decent rule-of-thumb might be to own one Morgan for every 10 SAEs, and one SAE for every 5-10 generic ounces (rounds or bars). Does that sound reasonable? More importantly, try to own some of every type, including some form gold. You never know what scenario is going to play out. Probably should own at least 1 gold ounce for every 50-100 silver ounces.

What you suggest is about how I am set up. Can you give more details as to your thoughts, I'm kind of guessing myself.

[StreetsOfGold]

http://www.youtube.com/watch?v=64fTyK9KYMQ

[Hitch]

A decent rule-of-thumb might be to own one Morgan for every 10 SAEs, and one SAE for every 5-10 generic ounces (rounds or bars). Does that sound reasonable?

Sparky, what is your thinking behind owning so many generic rounds/bars? I like bars, but really do not like generic rounds. If I have to sell, they will be the first to go. I'm almost considering trading them in for silver dollars, or SAE's, just because I like them better.

I think a mix of 1 silver dollar to maybe 5 SAE's, or other silver coins, Phillies, Maple Leafs, etc. After that, just go straight to 10 oz silver bars.

I just wonder if the generic rounds may be questioned, or I'll take a beating on them when it's time to sell.

[gunDriller]

Sparky, what is your thinking behind owning so many generic rounds/bars? I like bars, but really do not like generic rounds. If I have to sell, they will be the first to go. I'm almost considering trading them in for silver dollars, or SAE's, just because I like them better.

I think a mix of 1 silver dollar to maybe 5 SAE's, or other silver coins, Phillies, Maple Leafs, etc. After that, just go straight to 10 oz silver bars.

I just wonder if the generic rounds may be questioned, or I'll take a beating on them when it's time to sell.


some dealers pay little (or no) extra for the 'premium' Silver rounds, e.g. Eagles Maples Phillies.

it really depends on the preferences of local coin dealers, who might be involved if/when you sell.


good way to find out is to ask them, or to do a 'test sale' to go through the mechanics of the transaction.

[Hitch]

some dealers pay little (or no) extra for the 'premium' Silver rounds, e.g. Eagles Maples Phillies.

it really depends on the preferences of local coin dealers, who might be involved if/when you sell.


good way to find out is to ask them, or to do a 'test sale' to go through the mechanics of the transaction.

I don't mind eating the premium, I just want to get paid spot price. I've sold gold coins before, but never any of my silver.

I've got some amazingly hideous looking rounds, I just wonder if they will think I'm a big joke if I bring them in.

[madfranks]

I've got some amazingly hideous looking rounds, I just wonder if they will think I'm a big joke if I bring them in.

I may be unusual but I like the ugly and/or weird silver rounds. Actually, come to think of it, back on the old GIM1, I had a thread called "Ugliest silver round", where we posted pictures of ugly and strange silver rounds. If I can find some of those pictures it might be worth it to start that thread up again here.

[ximmy]

I may be unusual but I like the ugly and/or weird silver rounds. Actually, come to think of it, back on the old GIM1, I had a thread called "Ugliest silver round", where we posted pictures of ugly and strange silver rounds. If I can find some of those pictures it might be worth it to start that thread up again here.

ooh, that reminds me. I ordered zombucks... currency of the apocalypse... These might become collectible.
I'll take pics when they come in.
5328
they are getting good reviews...



Zombucks are a winner! Review by Daniel | September 3, 2013






There aren't any silver rounds besides the Zombuck I would consider paying $2.99 over spot for but THESE are worth it because they are " message " rounds. My zombies are exceptionally slow Walkers as it took them almost three weeks to make the 10 mile trip from Lavon to my house. Great quality though and worth the wait.


Coolest silver round ever Review by Mark | September 1, 2013






I'm no coin/bullion expert but I love the humor and irony of these rounds. Great artistry and very original. I am in line for next series.

Gorgeous in the Strangest way!! Review by Carrie | August 30, 2013






I got my Zombucks in the mail today and I was taken aback! For some reason I don't like admitting that this is one of THE best rounds in my collection! I don't like the thought of a zombie apocalypse, haha, but this coin is flawless! The relief is my favorite part. Perfect relief, amazing symbolism that runs right along with this round in it's original state....I cannot wait until the next one!! Thanks Provident, ya'll blew me away with this one! (pardon the pun!)

[milehi]

I like Mexican Onzas. Must be the boobies.

[madfranks]

This silver round's got boobies on it too:

http://bncritters.com/images/silverdollars.jpg

[Libertarian_Guard]

Franklin halves man here!

I've got a little bit of everything, but my preference has long been the Franklin halves.

[Sparky]

What you suggest is about how I am set up. Can you give more details as to your thoughts, I'm kind of guessing myself.

Not sure if you are looking for some specific details. Feel free to PM me.

[Sparky]

Sparky, what is your thinking behind owning so many generic rounds/bars? I like bars, but really do not like generic rounds. If I have to sell, they will be the first to go. I'm almost considering trading them in for silver dollars, or SAE's, just because I like them better.

I think a mix of 1 silver dollar to maybe 5 SAE's, or other silver coins, Phillies, Maple Leafs, etc. After that, just go straight to 10 oz silver bars.

I just wonder if the generic rounds may be questioned, or I'll take a beating on them when it's time to sell.

By "generic", I mean any silver round that is not a sovereign coin (e.g. SAE, Maple, Libertad, etc.). I like 1-ounce rounds because they provide the best price for 999 pure silver in a small, easily understandable amount.

Make sure they are marked for purity and weight. Then they are not likely to be questioned, especially for by a dealer. They can't easily be fake-filled, and they can easily be "ring" tested by dropping them on a hard surface. If you are concerned that they will be questioned, try to get ones from recognizable manufacturers (J-M, Englehard, Silvertown, etc.).

[Sparky]

I used to have a post on GIM that I would recycle every once in a while showing a $10K silver "starter" kit that outlines some reasonable proportions for diversifying. (I know not everyone can even afford $10K, but you could use a similar proportion for a smaller amount.) Here's what's good about owning each type:

1-ounce silver rounds: As I state in the previous post, they are the cheapest small 999 pure silver you can buy, and readily acceptable as long as they are marked with purity and weight.

SAE: These have extra credibility with silver novices who will eventually rush into the PM market. They'll want to get involved, but need the comfort of a current U.S. Mint product.

Other sovereign ounces: They also maintain some credibility for newcomers, particularly Maples here in North America. Not as popular/credible as SAE, but a little less premium.

Pre-1965 U.S. 90% silver coins: Backed by U.S. mint. Small amounts. Sometimes lower premiums. Widely recognized as money.

99.9% silver bars: Prefer the nicely stackable 10-ounce, by far. For 1-ounce, I'd rather have rounds because they stack nicely into tubes. 100-ounces are too big for my taste, in terms of divisibility, hideability, portability, and susceptibility to forgery.

Silver dollars (Morgans, Peace Dollars): These are nice to own because they are so historic. But you're paying extra for that. You can enjoy a handful of them as much as a bucketful, so just get a handful. I personally like the Morgans far better than the Peace. I still am amazed to think that was the standard currency of the Old West.

Numismatics and Commemorative: Know that you are paying a hefty premium, and you may or may not get it back in return some day. However, if you get pleasure from it, it's like paying for entertainment. If you pay $50 for one of these coins right now, $25 is going toward bullion that you know you will get back, and $25 is the cost of owning a coin that you really enjoy to look at, like going to the movies.

Gold: Although silver is likely to have a higher upside in percentage terms, it will likely be difficult to time a sell just right in order to take advantage of it. Gold is more widely recognized as money. There are scenarios where silver might be penalized with a materials tax (you know, because the U.S. miltary needs it), or some other tax that gold could escape. And it's more portable. I recommend buying sovereign coins rather that bars, and preferably Gold American Eagles because they are like the FRN of the precious metal world. Other widely recognized sovereigns are also good, especially Maples, but I still think Eagles are the best choice and worth the premium. This is your real last-line-of-defense monetary insurance. The Ancient Metal of Kings.

Your diversification can vary by your personal taste, but here's a guideline. Based on current prices, the $10K starter kit might look something like the list below. Modify to suit your taste, or available resources.

1 one-ounce Gold American Eagle ($1450)
3 half-ounce GAEs ($2250)
1 smaller fractional GAE ($175-$400)
75 1-ounce silver rounds ($1900)
10 10-ounce silver bars ($2500)
10 Silver American Eagles ($300)
1 Morgan/Peace Dollar ($25)
1 roll (50) Pre-1965 U.S. dimes ($90)
1 roll (40) Pre-1965 U.S. quarters ($175)
2 rolls (40) Pre-1965 U.S. Halves ($350)
Additional silver of your favorite type, or numismatic/commemorative, or more gold ($750)

[govcheetos]

http://youtu.be/TZup5YLOWLE