Stacking Common Date “Junk” Silver Dollars

CoinHoarder · October 27, 2020 7:24PM

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:

COINS MAKE CENTS · October 27, 2020 7:33PM

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.

coinhack · October 27, 2020 10:27PM

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

SaorAlba · October 28, 2020 4:18AM

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

blitzdude · October 28, 2020 4:36AM

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.

Longarm · October 28, 2020 4:59AM

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

ricko · October 28, 2020 5:21AM

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

Crypto · October 28, 2020 7:15AM

place holder for future contribution

tincup · October 28, 2020 8:16AM

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.

ChrisH821 · October 28, 2020 9:03AM

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

CoinHoarder · October 28, 2020 9:08AM

@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.

skier07 · October 28, 2020 9:34AM

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.

messydesk · October 28, 2020 12:16PM

@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.

CoinHoarder · October 28, 2020 12:28PM

@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!

NumisOxide · October 28, 2020 1:44PM

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.

amwldcoin · October 28, 2020 1:48PM

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

tommy44 · October 28, 2020 2:16PM

@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!