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JerryB

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Journal Entries posted by JerryB

  1. JerryB
    Check Your Values!!
    I wonder why the total value shown in my <a href="http://Morg">Morg</a>an Dollar Set (NGC Registry) is incorrect? If you add all the values for each coin that total is much higher than the amount shown as the "NumisMedia Totals" figure. The actual total is 14% higher than the total shown.
  2. JerryB
    Does anyone have knowledge or know where information is available regarding the estimated number of coin collectors there are currently active world wide? Does this figure tend to remain fairly constant? It would be interesting to know what the estimated coin collector population is in the U.S. With the reduction of Corperate Pension Plans for employees and the trend toward "self planning" for retirement are more people investing in such things as collectables? Interesting questions!!
  3. JerryB
    Interesting Population figures!!
    According to Morgan Dollar population figures NGC has graded about 1.5 million dollars to date. Of these 10 specific common dates/mints account for a suprising 54% of the total. Also of interest is just three of these 10 the 1881-S, 1885-O and the 1887-P account for a whopping 22.5% of the 1.5 million. The coins showing the fewest graded are the 1986-S (752), 1903-S (744) and the 1904-S (978). These figures of course don't consider coins resubmitted which would seem more likely with the higher value coins. New investor/collector types might want to consider these figures. Numbers come from the Nov 20th 2005 NGC population report.
  4. JerryB

    MAKING THAT BIG BUY!!!

    By JerryB,

    How much is to much?
    The year was 2006 and John a collector of Morgan Dollars purchased a professionally graded 18xx-S MS63 for $50.00. John was happy with his purchase but wished he could afford a higher grade. Ken a friend of John's also was a Morgan collector. Ken decided he wanted the best so searched for a found the same year - a 18xx-S in MS67. Ken paid $4800 for his superb high quality coin of which only 9 existed at MS67. Ken was also extremely pleased and proud of his acquisition. Two years passed and the year 2008 arrived and in the preceding 24 months an additional 200 188xx-S MS63's were certified by the graders. John's coin was still worth about $50-$55. An additional (6) MS67's 18xx-S were also found and graded. Now there were 15 of these nice MS67 beauties but due to the increase in supply one could be had for about $3800. If Ken was not concerned about values then his purchase was sound as ownership was his reward. Each of us must ask, as in this case $1000 worth the pride of ownership.
    It should be pointed out that John took very little risk while Ken assumed a much greater risk and had no additional MS67's been found Ken's coin may have been valued a say $6000.
    This fictional short short story begs the question: Is this a good place to take such finanical risks?