A new addition to an old set

Dear Journal: My non-CC GSA hard pack Morgan dollar set has been quiet for a long time, with only one coin added in the last 3 years, until now. This 1898-O is now the second coin I have added since October of 2007.

These coins are very rare, and are seldom seen in the marketplace. Due to their rarity, prices can be volatile. When prices really began moving up in 2006 and 2007, I stepped to the sidelines, and wondered if I would ever be able to add another rare date at a reasonable price.

With the severe recession of the last few years, prices came back down to more reasonable levels, and I was fortunate to be able to acquire this coin in October 2010. It is a solid MS63, and 1 of only 4 coins graded for this date in the GSA hard pack.

Being patient in coin collecting does not always pay off, but in this case it did.