Morgan Silver Dollar 40-Coin Instant Collection is now available in Choice Certified MS63.

DisneyFan

I just saw this dealer offering on-line - A Morgan Silver Dollar 40-Coin Instant Collection is now available in carefully selected Choice Certified MS63, containing forty different dates, and/or mintmarks. Only 4 sets in stock - $4975.

While this may not appeal to all of us board members, do you think this is a good promotion for our hobby?

humanssuck

I have another thought.

Assuming they are PCGS graded, if you look up the value of the cheapest 40 morgans, its $4950. So you would be paying full PCGS guide for coins that you havent seen in a grade that isnt always that great looking. I seriously doubt the dealer has hand selected these to be PQ, so you're likely to get average or worse coins for the grade. This is just a terrible idea to buy that sight unseen.

MasonG

@DisneyFan said:
While this may not appeal to all of us board members, do you think this is a good promotion for our hobby?

What do you think?

silverbul

AAAAAAAAAAAAAAAAAAA, no thank you.

johnny9434

An Instant collecttion is not for me.

No, it's not exactly my way of doing things

Floridafacelifter

An Instant collecttion is not for me.

No thanks

erwindoc

An Instant collecttion is not for me.

You'd have more fun assembling the collection for yourself, do it better, learn more and could probably do it cheaper too!

pointfivezero

An Instant collecttion is not for me.

The thrill is in the hunt for me. Purchases are almost anti-climatic.

Tim

ShaunBC5

I have another thought.

I could vote all 4 simultaneously. It’s great if that’s what you’re after, it’s a lot of money to start off with, and it’s not for me. Also, it could be for the person who only wants to hunt for CCs and harder dates but still wants a “complete set” at the end (whatever that might mean to them).
Also could be decent for a speculator or someone who helps others fill holes or even plans to gift a lot of coins over time.
Not for me, but I certainly don’t see anything negative for the hobby in this promotion.
Edit to add: full retail is not a great deal and can easily be beat, but if it’s retail, it’s not a rip off (just not a good deal or a price that’s hard to beat).

ricko

An Instant collecttion is not for me.

Tough choice... I chose number four, but also number three is true. I believe - at least in my case - that putting the collection together myself, is more rewarding. I could see it as a gift to someone special who is a collector - not of Morgans specifically, because they would already have many, if not all. Or a YN with a mild interest in coins, may be enough to pull them all the way in... Cheers, RickO

The_Dinosaur_Man

I have another thought.

This is both a good and bad idea to me. Dealers can accumulate tremendous quantities of graded Morgans with almost zero outlet to move them along. But this works against the collector/buyer because they likely won't get all the information that they should. The buyer ought to have a complete listing of dates, mintmarks, and the specific holder each coin resides in, that way they may be able to make the purchase as an informed decision. Otherwise, someone jumping on this will simply have their money getting taken away without having the full confidence in whether or not they are making a good purchase.

mbogoman

I have another thought.

Nope. To me, the best part of assembling a collection is the "collecting". It's the hunt and the extreme gratification and excitement that you get when you find something that you have been searching for for years.

Joe_360

I have another thought.

Need more data.. What are the dates? MMs? Are they all graded by the same company or mixture? Who are they?

From a collector standpoint, the kneejerk reaction is no,,, but MS63 is a nice collection grade, and from a Morgan standpoint your not even half way complete so there still a lot of collecting to do...

Joey29

@humanssuck said:
Assuming they are PCGS graded, if you look up the value of the cheapest 40 morgans, its $4950. So you would be paying full PCGS guide for coins that you havent seen in a grade that isnt always that great looking. I seriously doubt the dealer has hand selected these to be PQ, so you're likely to get average or worse coins for the grade. This is just a terrible idea to buy that sight unseen.

@humanssuck said:
Assuming they are PCGS graded, if you look up the value of the cheapest 40 morgans, its $4950. So you would be paying full PCGS guide for coins that you havent seen in a grade that isnt always that great looking. I seriously doubt the dealer has hand selected these to be PQ, so you're likely to get average or worse coins for the grade. This is just a terrible idea to buy that sight unseen.

@humanssuck said:
Assuming they are PCGS graded, if you look up the value of the cheapest 40 morgans, its $4950. So you would be paying full PCGS guide for coins that you havent seen in a grade that isnt always that great looking. I seriously doubt the dealer has hand selected these to be PQ, so you're likely to get average or worse coins for the grade. This is just a terrible idea to buy that sight unseen.

I agree with your opinion

DisneyFan

@Joe_360 said:
Need more data.. What are the dates? MMs? Are they all graded by the same company or mixture? Who are they?

See the picture from Floridafacelifter above. : )

scotty4449

An Instant collecttion is not for me.

The only way I would buy a collection like that is if I was super rich and the collection was crazy high end.

Namvet69

An Instant collecttion is not for me.

You can buy something like that but you're missing the whole point of growing along with your collection. IMO. Peace Roy

ElKevvo

I have another thought.

I agree with the missing the point of the hobby comments but also think it is somewhat bad for the hobby. As we know many newcomers to the hobby get burned at one point as they fall prey to a too good to be true type scheme or buy something without knowing how to grade or authenticate the piece. This is obviously less prevalent these days with the TPG;s etc. being so prominent in the hobby but there are still pitfalls.

The person who might buy this and learn more about the coins, their grade, their value and availability in the market place might very well be turned off from the hobby as they entered thinking they were getting a good start at a good price.

K

edited for spelling...

messydesk

I have another thought.

My other thought is that there are a lot of C and D coins out there and these kinds of promotions are what absorbs them. Not as bad as many TV and Parade magazine sellers, but this is not going to be a good deal.