My Nicest Morgan..so far posted by JoeFerentz

[CSJournals-migration]

Just received a 1880 S MS66Star Morgan Silver that I "won" while drinking and bidding.

 

Even as I suffer buyer's remorse for paying to much for the grade, As a novice collector, going for this grade once seemed unreasonable, but now that I look at, it seems it was worth it. The contrast and frosty surfaces are amazing. I can't believe how awesome the coin looks!

So far this is the highest grade I own. Sure hope it ain't the last.

 

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[JAA]

Congrads on the nice coin.

[RichH]

Way to go Joe !! I'd rather overpay on a high quality coin than get an average coin cheap every day of the week. Your buyer remorse will fade as this coin increases in value and occupies an important place in your collection. Congrats !!! RichH

[MarkFeld]

Way to go Joe !! I'd rather overpay on a high quality coin than get an average coin cheap every day of the week. Your buyer remorse will fade as this coin increases in value and occupies an important place in your collection. Congrats !!! RichH

 

Sorry, but I'd rather overpay for a high quality coin, while not drinking and bidding. And, let's face it, we have no way of knowing if the coin will increase or decline in value.

[JoeF]

No, MarkFeld, there is no way. You're right. But it's the expectation that it will.

 

And if I'm going to "overpay" on a coin, I'd rather do it while drinking so I have an excuse rather than not having another reason!

[JoeF]

Thanks Rich. It already has.

[MarkFeld]

No, MarkFeld, there is no way. You're right. But it's the expectation that it will.

 

And if I'm going to "overpay" on a coin, I'd rather do it while drinking so I have an excuse rather than not having another reason!

 

Joe, upon what do you base that expectation? Prices from a year ago? Five years ago? Ten years ago? What do you expect will lead to an increase in value?

 

Hope is one thing, but expectation is another. And without a solid basis, the latter really only amounts to the former.

[RichH]

Mark, I'm just saying in general I'd rather pay a bit more for the "right" coin at certain times. I know that is somewhat subjective but just my experience over time. Now, with all this talk about drinking, time to get a cold one myself ! Cheers!!

RichH

[Six Mile Rick]

Joe,

Nice new addition to your Morgan set. The MS66 and up Morgans are very nice, clear, soft round cheek - unblemished = seductive in a way. Be careful or she will clean your bank account out. Not a collection you really want to drink and bid on.

[greysoldier]

Your NGC MS66 STAR Morgan is simply a stunning coin ~ I think you done good!

[JoeF]

All of the above.

Another might be seeing a 1880 S MS65 go for near what I paid.

[JoeF]

You are so right, Six Mile.

[coinsbygary]

The last time these took off in value was when silver was approaching $50 an ounce. I was following the trend for a while on both sides of the silver bubble and made some interesting observations. One observation I made is that the higher graded coins gave more bang for the buck and had more staying power, particularly at MS-66 and higher. The market on these is definitely softer now than it was then, so get them while you can. You never know when the next sharp rise in silver will come, how long it will stay, nor how high it will go. However, do shop around and be very discriminating about the coins you buy. The coin you got is really nice. However, it is cheaper to get the right coin the first time than to settle for something less appealing only to upgrade it at a loss later. All the best to you in completing your Morgan collection. I'm in there with you completing a Morgan set of my own. Within my set is a short set of 1879-S to 1882-S Morgans in MS-66 and they are some of the finest coins I own. Currently, I am looking to find the right MS-67 Morgan that suits my fancy as a representative coin of near perfection since it will be the only 67 I will own.

 

Gary

 

I own a lot more Morgan Dollars than this, but here is a link to a special 24 coin set I created of only MS-65 and 66 coins.

 

http://coins.www.collectors-society.com/WCM/CoinCustomSetView.aspx?s=4221

 

 

[Mr Bo Jingles]

Beautiful Morgan.

 

On the subject of paying too much for a quality coin: If you are comfortable with what you paid, then it isn't too much....Unless you are collecting ASE's (sorry, I couldn't help myself there).

 

You have a great piece of history and if I was a betting man I would put my money on it going up in value.