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One Morgan dollar to buy for US type set-what do you suggest?

Although primarily a world coin collector, I have let my US type set alone for too long.

I am torn between buying a more heavily-circulated rarer date Morgan or as nice an example of whatever I can find within my budget, regardless of date or mintage.

Only $100-$150 to spend and I prefer the coin unslabbed although it can be. Is my budget realistic (for a largely circulated type coin set)or should I wait to save more money?

Which Morgan, in what grade and why, would you select if you were in my shoes?

Thanks guys...image
One of the penalties for refusing to participate in politics
is that you end up being governed by inferiors. – Plato

Comments

  • jbstevenjbsteven Posts: 6,178
    common date ms65PL would be my choice for that price range.
  • nwcsnwcs Posts: 13,386 ✭✭✭
    For that amount you can get a really superb 1879-82 S mint Morgan. I bought a 1881S MS-64 DMPL Morgan for $140 before with some nice cameo. So I'm sure you can find a great one in that range.
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>Only $100-$150 to spend and I prefer the coin unslabbed >>



    Common date CC GSA hard pack.

    Russ, NCNE

  • K6AZK6AZ Posts: 9,295
    The best bang for your buck if you are looking for a type Morgan would be a 79-S, 80-S, 81-S, or 82-S in MS65. Often you can find boldly struck coins with prooflike surfaces not noted on the holder, and these go for $100-110.
  • Well you can do something different. Buy a better date in VG or F. Circulated Morgans can be very attractive. Another option is a Top 100 VAM. I put an AU58, lightly toned 1891 Top 100 VAM in my type set. My guess is most type collectors go for the blast white, high grade common date Morgans for their type sets, so why not try something different.
    Bill
  • keetskeets Posts: 25,351 ✭✭✭✭✭
    ..........if you only need one Morgan Bullion for a set, why not opt for a better date? though you may need to go a bit lower in grade to get sweet better date coin, common date mid-grades seem like they are about the same risk appreciation-wise as high grade moderns--------not much room at the top but plenty at the bottom.

    al h.image
  • relayerrelayer Posts: 10,570

    Since it's for a type set, buy the highest grade common date that fits your budget.
    image
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  • SarasotaFrankSarasotaFrank Posts: 1,625 ✭✭
    I would definately go for an 1882-cc, NGC, MS62, such as teh one you would find here image
    "I want to die peacefully in my sleep like my Grandfather did, as opposed to screaming in terror like his passengers."
  • RELLARELLA Posts: 961 ✭✭✭
    The 1878 coins are always a nice option; well struck and lustrous is the rule...I would look for the 1878-S in MS64 PQ with a killer strike and eye appeal.

    RELLA
    Do not fall into the error of the artisan
    who boasts of twenty years experience in his craft
    while in fact he has had only one year of experience...
    twenty times.
  • flaminioflaminio Posts: 5,664 ✭✭✭
    Is there a particular year that has any significant meaning for you? For example, for me the year 1892 is significant, because I'm primarily a commem collector, and that was the year of the first commem. So, for my type set, I'm looking for an 1892 Morgan.

    Another option is either first or last year -- 1878 or 1921. For simply chronological reasons, these are interesting dates.

    Are you also building a "20th Century" type set? If so, aesthetically it works nicer if you have a Morgan from 1901-04 or 21.

    You could also set a dollar value that you want to spend, and find the absolute best coin you can get for that money. You're sure to get something beautiful that way.
  • For 100~150, I'd agree with Eric, get a nice 1879s, 1880s or 1881s DMPL morgan in MS64 grade. Not a rarer date or hard to find, but they are very pleasing to the eye, and would stand up well in your type collection.


  • razorface1027razorface1027 Posts: 4,242 ✭✭
    Get a 1878 1st reverse (8 T/F), hell, it was the first issue...image
    What is money, in reality, but dirty pieces of paper and metal upon which privilege is stamped?
  • 291fifth291fifth Posts: 24,323 ✭✭✭✭✭
    An 1881-S will get you a good value for the money. They are very common and usually come with an excellent strike and luster.
    All glory is fleeting.
  • Steve27Steve27 Posts: 13,274 ✭✭✭
    If it's a 20th century type set then a 1903-S (lowest mintage). If it's not then a Carson City coin, an MS 82-84 should fit your budget.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • razorface1027razorface1027 Posts: 4,242 ✭✭
    an MS 82-84 should fit your budget.

    Steve must be starting a new wave of gradingimage
    What is money, in reality, but dirty pieces of paper and metal upon which privilege is stamped?


  • << <i>an MS 82-84 should fit your budget.

    Steve must be starting a new wave of gradingimage >>



    If you include more of the quote, then it makes sense. He's suggesting a carson city dollar, in mint state, from the years 82~84.

    I'll admit though, it took me two passes to parse the sentence.
  • razorface1027razorface1027 Posts: 4,242 ✭✭
    If you include more of the quote, then it makes sense. He's suggesting a carson city dollar, in mint state, from the years 82~84.

    Ahh yes, now I see. They used to beat me down in school for fragmented sentences...Damn nunsimage
    What is money, in reality, but dirty pieces of paper and metal upon which privilege is stamped?
  • MadMonkMadMonk Posts: 3,743
    I'd lean towards what Russ sez, a nice CC.
    Today's mighty oak is just yesterday's nut that held its ground.
  • laurentyvanlaurentyvan Posts: 4,243 ✭✭✭
    Many excellent suggestions! I will print out this list later this evening and peruse it and see what is available to me locally-I don't want to buy sight unseen. Thanks for the interesting choices...image
    One of the penalties for refusing to participate in politics
    is that you end up being governed by inferiors. – Plato
  • SarasotaFrankSarasotaFrank Posts: 1,625 ✭✭


    << <i>I don't want to buy sight unseen. >>



    I'll send a scan! image
    "I want to die peacefully in my sleep like my Grandfather did, as opposed to screaming in terror like his passengers."
  • 410a410a Posts: 1,325
    How about a coin once considered to be the rarest Morgan
    dollar? Until 1962 and the treasury release of bags of them, the
    1903-O was the rarest Morgan dollar. By 1963 it was and now
    is still semi common.
    Gee, my first answer as a forum member. You folks are fun to
    read. I have been lurking here for the longest time.
  • EvilMCTEvilMCT Posts: 799 ✭✭✭
    Welcome to the boards 410a. As far as a morgan, I've seen some proofs on eBay for $20. image

    Ken
    my knuckles, they bleed, on your front door
  • coinkatcoinkat Posts: 23,067 ✭✭✭✭✭
    welcome 410a

    LAURENTYVAN:

    As for the question... it depends what you want in the set. If you want a high quality grade, then 1879-s through 82-s. If you want the old west GSA 1882-CC-84-CC. If you want something lightly circulated that is alittle out of the ordinary look for an 1888-o Hot lips in EF or even an 1892-CC in ef but those have gone up with all the other CC dollars. The other option is to have an 1878 7 tail in 63 which fairly inexpensive and a 65 1879-s. Buy two and have an example of the different reverses. image

    Experience the World through Numismatics...it's more than you can imagine.

  • The Carson City issues are the epitome of Morgan Dollars. Get a nice 1884-cc GSA as Russ suggests or a first year of issue 1878-cc would be perfect.
  • nankrautnankraut Posts: 4,565 ✭✭✭
    Whatever you pick, try to find one that matches the rest of the set in color, overall appearance, grade, etc. You know, it should "fit in".image
    I'm the Proud recipient of a genuine "you suck" award dated 1/24/05. I was accepted into the "Circle of Trust" on 3/9/09.
  • S mint 78 thru 82, they had the best strike and are at good prices. Myself Id go for the 78S as its the first year and no real premium.
  • itsnotjustmeitsnotjustme Posts: 8,777 ✭✭✭
    I'm with the early S mint high grade crowd. I got a deal on an 1880-S in MS66PL that is now my type set coin.
    Give Blood (Red Bags) & Platelets (Yellow Bags)!

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