Stacking Common Date “Junk” Silver Dollars
CoinHoarder
Posts: 2,573 ✭✭✭✭✭
For several years, I have been on the lookout for nice problem free, or somewhat problem free, common date “junk” Morgan and Peace dollars. I try to pay as close to whatever the current going price of these coins are. Earlier in the year, I was paying on average about $18. to $20. a coin. I have slowed down these purchases as of late because the current price is about $23.to $25. I am never in any hurry, and slowly but surely fill up a coin tube with these dollars. When the tube is full, I start another tube, and repeat the process.
Anyone else do this?
Here is my current incomplete tube:
8
Comments
Oh yes, any time I buy a group of coins from a customer all the common date morgans go in a tube and are put in the stack in the safe.
HAPPY COLLECTING
I accumulate some here and there but I like your plan.
I did my common Morgan and Peace stacking back when I was paying about $8 a coin.
Yes I do the same but I don't like to pay above melt for any 90% junk, including dollars. As you can imagine it takes quite awhile for me to complete a roll due to people not regularly selling them at spot. I do find them though, mostly Peace or 21 Morgans. I pass on the slicks also unless the price is just too good to pass up. Keep stacking them.
The whole worlds off its rocker, buy Gold™.
I like the common dates and keep an eye out for them in nice condition.
I like the Morgan and Peace dollars (I never call or consider them junk)... and have purchased some back when silver was much lower. Will likely do so again...Cheers, RickO
place holder for future contribution
11.5$ Southern Dollars, The little “Big Easy” set
I like your plan... the silver dollars are America's original 'silver round' IMO. Neat designs, known quantity of silver, historical... and always in demand.
Rubs eyes Wait a minute..
What's this doing in there?
Collector, occasional seller
Sorry, I should have told ya, it's an S mintmark. I think I paid $25. for it. Bought it from a Forum member.
Stacking silver especially if you thinks it’s going to increase in price is a good idea. I wouldn’t pay much more than melt and I would avoid problem coins. If you have a bunch of problem Morgan’s you’re going to have a more difficult time selling them if you need to raise funds in a flat or declining market.
Only if your thinking is correct.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Smart move on your part. I remember years ago when they were selling common date silver dollars for $6.00 each at the local coin shows. I remember a guy buying all that he could find for that price, and remember him saying "I can't believe these are selling so cheap". Wish I would have loaded up back then. Those were the days!
That's cool!
I think the next project I might do is put together a unc. roll of same date,mint common date morgan dollars. Probably do an 1881-S roll first. Would store them in those no-contact plastic coin tubes.
The last time I was a collector of Morgan Dollars like that I paid around $3 a piece for them.
I picked 1882-CC and 1883-CC dollars from Treasury bags at $6.00 each in the early 1970s!
it's crackers to slip a rozzer the dropsy in snide
I am not a silver stacker, takes a lot of space for the $'s, but if I were I'm not sure that I'd be buying at the current prices.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
A year from now, $25 for a problem-free common date silver dollar might be considered a very astute purchase.
I knew it would happen.
There is plenty of downside risk when silver is at $24-25 per troy ounce.