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Stacking Common Date “Junk” Silver Dollars

CoinHoarderCoinHoarder Posts: 2,582 ✭✭✭✭✭

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:

Comments

  • COINS MAKE CENTSCOINS MAKE CENTS Posts: 1,821 ✭✭✭✭✭

    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.

    New inventory added daily at Coins Make Cents
    HAPPY COLLECTING


  • coinhackcoinhack Posts: 1,154 ✭✭✭✭

    I accumulate some here and there but I like your plan.

  • SaorAlbaSaorAlba Posts: 7,535 ✭✭✭✭✭

    I did my common Morgan and Peace stacking back when I was paying about $8 a coin.

    In memory of my kitty Seryozha 14.2.1996 ~ 13.9.2016 and Shadow 3.4.2015 - 16.4.21
  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    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.

  • LongarmLongarm Posts: 89 ✭✭

    I like the common dates and keep an eye out for them in nice condition.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    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

  • CryptoCrypto Posts: 3,673 ✭✭✭✭✭

    place holder for future contribution

  • tincuptincup Posts: 5,108 ✭✭✭✭✭

    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.

    ----- kj
  • ChrisH821ChrisH821 Posts: 6,457 ✭✭✭✭✭

    Rubs eyes Wait a minute..
    What's this doing in there?

    Collector, occasional seller

  • CoinHoarderCoinHoarder Posts: 2,582 ✭✭✭✭✭

    @ChrisH821 said:
    Rubs eyes Wait a minute..
    What's this doing in there?

    Sorry, I should have told ya, it's an S mintmark. I think I paid $25. for it. Bought it from a Forum member.

  • skier07skier07 Posts: 3,960 ✭✭✭✭✭

    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.

  • messydeskmessydesk Posts: 19,924 ✭✭✭✭✭

    @skier07 said:
    Stacking silver especially if you thinks it’s going to increase in price is a good idea....

    Only if your thinking is correct.

  • CoinHoarderCoinHoarder Posts: 2,582 ✭✭✭✭✭

    @SaorAlba said:
    I did my common Morgan and Peace stacking back when I was paying about $8 a coin.

    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!

  • NumisOxideNumisOxide Posts: 10,997 ✭✭✭✭✭

    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.

  • amwldcoinamwldcoin Posts: 11,269 ✭✭✭✭✭

    The last time I was a collector of Morgan Dollars like that I paid around $3 a piece for them. :o

  • tommy44tommy44 Posts: 2,281 ✭✭✭✭✭

    @CoinHoarder said:

    @SaorAlba said:
    I did my common Morgan and Peace stacking back when I was paying about $8 a coin.

    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!

    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

  • coinbufcoinbuf Posts: 11,239 ✭✭✭✭✭

    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 Lincoln Registry
    My Collection of Old Holders

    Never a slave to one plastic brand will I ever be.
  • jmski52jmski52 Posts: 22,793 ✭✭✭✭✭

    A year from now, $25 for a problem-free common date silver dollar might be considered a very astute purchase.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • 291fifth291fifth Posts: 24,321 ✭✭✭✭✭

    There is plenty of downside risk when silver is at $24-25 per troy ounce.

    All glory is fleeting.

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