Hello again Everybody! I tend to agree with revenant. I don't think that there is much of a future in high-end graded Silver Eagles either.

The only ones that I own are for their bullion value. To me there is no comparison between a SAE and a nice high grade or scarce/rare date Morgan or Peace Dollar. Besides the fact that they are intrinsically more attractive, I would go so far as to say that even the common ones are considerably more scarce than any of the SAE's as well as a superior investment. It seems to me that they would have to be. Between coins being lost for one reason or another...Wear, damage, hoarding, melting etc. The last Cartwheel was minted in 1935. The surviving numbers can't be very impressive, especially for issues like the 1893-S and 1894's that had extremely low mintages in the first place. And then when you add VAM's on top of all of this it starts to get very interesting VERY quickly!

I personally have not gotten in to the Morgan VAMs yet but I am getting a good handle on the Top 50 Peace Dollar VAMs. I just found a 1922 VAM 5A (Scar Cheek) Late Die State in my local Dealers junk box. I bought it for $12.00! That was one of my better finds.

To date I have pulled 2-1922 VAM 2E's, 1-1922 VAM 6, 2-1922 VAM 7's, 1-1923 VAM 2, and 2-1924 VAM 2's. Almost all will or have graded AU to MS 63 and all have come out of his junk silver dollar box and the most that I have paid for any one coin is about $13.00. That is one of the things that I enjoy about VAM or variety collecting in general. It gives you something to look for in the common date stuff. All you have to do is learn what to look for and who knows what you will find!