Collectibles Not Worth Keeping

DoubleDime

Just read an article that listed 40 collectibles not worth keeping and one item listed was Morgan Silver Dollars. Said millions were made, worth more than a dollar but not much more than the silver they're made of. Also listed were Indian Head Cents.

Zoins

@DoubleDime said:
Just read an article that listed 40 collectibles not worth keeping and one item listed was Morgan Silver Dollars. Said millions were made, worth more than a dollar but not much more than the silver they're made of. Also listed were Indian Head Cents.

D'oh! I just bought a Morgan Dollar as a Christmas present!

What were they selling or recommending instead?

And were they buying coins

TurtleCat

For the vast majority they are right but, as always, the devil is in the details.

JBK

It's all relative.

Are common circulated Morgans a better investment than a good mutual fund? Absolutely not.

Are they fun, historical, and do they promote a worthwhile hobby? Absolutely yes (for many people).

skier07

Non-silver proof and mint sets? I’m tempted to crack mine open and just spend them. They take up too much room and they’re collecting dust.

Walkerfan

I read that article, too.

I'm sure they were referring to common date, circulated coins.

Morgans and IHCs with absolute rarity and in high grade condition are, obviously, very sought after and valuable.

I certainly don't need a generic article to tell me that. lol

bronzemat

Link to the article? Wouldn't mind reading it.

Thanks.

Walkerfan

@bronzemat said:
Link to the article? Wouldn't mind reading it.

Thanks.

Here you go:

https://considerable.com/money/estate-planning/worthless-collectibles/

Weiss

The problem with made-for-consumer info like that designed to get clicks is that it only tells part of the story, and that poorly.

There are many very valuable Morgan dollars. And the circulated examples that don't have numismatic value have silver value in a form that is easy to afford and easy to liquidate.

Somewhere out there is a grandkid or recent widow reading that "article" and deciding a beautifully matched Dansco Morgan Dollar album that took a lifetime to assemble should be deposited at the bank.

Yorkshireman

@Weiss said:
The problem with made-for-consumer info like that designed to get clicks is that it only tells part of the story, and that poorly.

There are many very valuable Morgan dollars. And the circulated examples that don't have numismatic value have silver value in a form that is easy to afford and easy to liquidate.

Somewhere out there is a grandkid or recent widow reading that "article" and deciding a beautifully matched Dansco Morgan Dollar album that took a lifetime to assemble should be deposited at the bank.

The article clearly states Morgans are worth more than a dollar.

rec78

I think the article was written by a "Jack of all trades--Master of none" type person. A person that just inherited a pile of Morgans reads the article and then sells all his BU Morgans including better dates for $20 each. Of course he means only common well circulated coins, but the article does not say that.

daltex

@rec78 said:
I think the article was written by a "Jack of all trades--Master of none" type person. A person that just inherited a pile of Morgans reads the article and then sells all his BU Morgans including better dates for $20 each. Of course he means only common well circulated coins, but the article does not say that.

I don't know. I kind of get he idea he'd try to pay that at his pawn shop.

rec78

@daltex said:

@rec78 said:
I think the article was written by a "Jack of all trades--Master of none" type person. A person that just inherited a pile of Morgans reads the article and then sells all his BU Morgans including better dates for $20 each. Of course he means only common well circulated coins, but the article does not say that.

I don't know. I kind of get he idea he'd try to pay that at his pawn shop.

Yes i totally agree with your assessment here. He wants to by better coins on the cheap.

amwldcoin

Hmmmm...If they aren't worth keeping then they are not a collectible!

TurtleCat

@rec78 said:

@daltex said:

@rec78 said:
I think the article was written by a "Jack of all trades--Master of none" type person. A person that just inherited a pile of Morgans reads the article and then sells all his BU Morgans including better dates for $20 each. Of course he means only common well circulated coins, but the article does not say that.

I don't know. I kind of get he idea he'd try to pay that at his pawn shop.

Yes i totally agree with your assessment here. He wants to by better coins on the cheap.

Don’t we all! lol!

BryceM

The article is from an estate-planning perspective. From that viewpoint, I completely agree. I imagine the majority of people "investing" in coins overestimate their value and seriously underestimate the opportunity cost of holding them. Unless you're a coin dealer, your coins shouldn't be something you're counting on for retirement. If you are a dealer, it seems prudent to diversity in something outside of your area of business too.

privatecoin

@skier07 said:
Non-silver proof and mint sets? I’m tempted to crack mine open and just spend them. They take up too much room and they’re collecting dust.

As Cladking says, get those mint sets cut up.

ms70

After researching the author a little bit it looks like he just writes crap articles on anything. He has less expertise than a high school newspaper editor.

DBSTrader2

If anyone's cutting up & spending non-silver Mint sets, I'm still looking for some 2019 & 2020 ATB quarters & 2020 halves/dollars, and would appreciate the help!

ricko

The article is just the other end of the spectrum from 'Your pocket change could be worth millions'. Though I did chuckle at the Beanie Baby part... I knew some people who were collecting them... and recall seeing in the mall (Southcenter in Seattle) a kiosk with a couple which were priced at $4000.... Often wondered if they sold, and 'where are they now?'... Cheers, RickO

Mizzou

Beauty is in the eye of the beholder - I have some Winchester rifles that were left to me by my father. They were mass produced by the millions but to me they're priceless.