Why Plats are Better than Morgans...

jmski52

Gotcha!

Myqqy

Thank god you are joking- otherwise I would be sure that you're high....

shuckins

nice looking pet bird

goose3

because you can get a fancy label and flip them real quick for an obscene profit?

btw, I ordered a set.

BECOKA

Just because.

At least Morgans are not all shiny.

Arizonadesertrat

<< <i>nice looking pet bird >>



I count two birds.

TwoSides2aCoin

...because a Morgan in your catalytic converter will melt and clog your exhaust system ? And a plat will do what it's supposed to ? Like ignite unburned gases at 1900 degrees ?

I'm just guessing... and I could be wrong

wayneme

their worth more
just my guess

Rampage

<< <i>

<< <i>nice looking pet bird >>



I count two birds. >>



He said "pet" bird.

SpaceMonkey

<< <i>...because a Morgan in your catalytic converter will melt and clog your exhaust system ? And a plat will do what it's supposed to ? Like ignite unburned gases at 1900 degrees ?

I'm just guessing... and I could be wrong >>



yeah but saying i have a cat converter designer by George T. Morgan WOULD be kinda cool

/ed

Leonidas

I like Morgans because they are the Presidential Dollars of the 19th Century..

COINB0Y

I'm not going near this thread.

jmski52

Reason #1 - The designs. At best, the Morgan design is boring. The Plats have several impressive and beautiful designs - much closer to art than the Morgans could ever claim to be. And if you don't like one of the Plat reverses, don't worry - the next one might be more to your liking.

More to Follow..................

Rarity

I prefer the obverse of Morgan dollar but reverses of platinum

GritsMan

I love plats, but very little beats a Morgan...

BAJJERFAN

<< <i>Just because.

At least Morgans are not all shiny. >>



OH HELL YEAH!!

SpaceMonkey

Can't we all just get along?

-sm

Sunnywood

notwilight

I never cared for Morgans.

DJCoinz

<< <i>Thank god you are joking- otherwise I would be sure that you're high.... >>

commoncents05

I have never been a big fan of Morgans, but I would take them over Plats.

-Paul

Coxe

That is one gruesome Liberty on that plat. What a fat neck, like some Eastern European wrestler. The Morgan eagle OTOH is pretty unrealistic, regardless of how many minor revisions it endured. Neither is better. They are what they are and people collect what they like. Morgans are at least plentiful enough to be affordable to many collectors. Some were even used as real coins too.

Myqqy

What a fat neck, like some Eastern European wrestler.

I have to agree with this- that particular liberty looks pretty butch to me, like a buff younger sean penn!
I've always thought the morgan liberty had a chubby, sort of voluptous look that I find appealing...

Sunnywood

My great uncle collected bottlecaps, New York subway tokens and matchbooks, in addition to large cents ...

Coinhog

<< <i>What a fat neck, like some Eastern European wrestler.

I have to agree with this- that particular liberty looks pretty butch to me, like a buff younger sean penn!
I've always thought the morgan liberty had a chubby, sort of voluptous look that I find appealing... >>




Oh c'mon. the representation of Liberty on the Morgan is hideous. She's just as butch as the Liberty on the Barber series of coinage. the both look like cross dressing guys. At least Liberty on the plats is a fair representation of Liberty in NY Harbor!!!

Just my not so humble opinion.

TwoSides2aCoin

LOL


This is entertaining.

fishcooker

Morgans aren't bad. I got one.

Don't know why anyone would have 2, though.

ericj96

I love and collected proof like morgans for about 5 years...... The problem is they are so expensive I can't put together a date set so I got with the program and moved on to stuff thats not mature and fully priced YET. Proof plats were a nice alternative to prooflike morgans for me.

ericj96

<< <i>Gotcha!

>>




The o4 is one strong looking coin! You have good taste!

tradedollarnut

<< <i>

<< <i>Gotcha!

>>




The o4 is one strong looking coin! You have good taste! >>



I'm sorry but it's fatally flawed - there's a tiny lintmark in the lower right obverse field. Seriously - who in their right mind would even want the thing now?

dbldie55

If one had to choose, I would take the Morgan 100% of the time. You just cannot take crap out of modern crap.

jmski52

Nice coins, Bajjer and Sunny. But really, with Plats you don't have to worry about all of that unnecessary oxidation taking place!

Which brings me to Reason #2: Value

Let's just face it - you get a whole lot more for your money with Plats. When I buy a 4-coin Platinum Set, I get 1.85 oz. of Platinum in the deal, having a melt value of, say $2,800.00 at today's spot price.

So, if the Mint rips me for $3,207.00, I've paid a 15% premium over melt - for a nice looking set that stands a good chance of appreciation on its own merits, let alone the market action in platinum. And the coins have virtually flawless proof surfaces with mirrors deeper than what any Morgan afficianado could ever dream to have. Heh.

Put another way, I've paid a single premium with no middleman for a nice longterm hold that has instant liquidity if I need it. I could use those Plats as ball markers for an entire golf season, and they would still be worth $2,800.00 based on today's price.

Now, let's consider a DMPL Morgan Dollar in the same price range. A glance at the PCGS Rare Coin Market Report reveals that a DMPL example of a common date Morgan can be had for something around the same $3,207.00 in anywhere between MS-60 to MS-66. A single Proof Morgan in PR-63 would run in the same range.

At the current market price of silver, the silver content in a Morgan Dollar amounts to $11.11. Thus, the premium for a typical Morgan priced in the same range as a 4-coin Platinum Proof Set is about 28,866%. That's 288.66 times the bullion value of the coin.

Considering how abundantly common Morgan Dollars really are, that's a whole lot of "collectability" to be paying for, in comparison to the 4-coin Plat Proof Set. A 28,866% premium vs. a 15% premium. Which one looks overpriced, relative to the other? (Hint - don't try using that Morgan for a ball marker and expect to get back much of your investment.)

Now, I admit that the Morgan dollar has had about 125 years to have developed that premium, albeit that most of the premium has occurred since 1975 or so. But still - which is the better value for the money? I say - Plats, hands down!