Those Morgan silver dollars have definitely become very popular being an investment tool for those who love collecting coins since they cost some reasonable amount of money. Also, they have also done very well in the past being used as an investment and they are quite great to have too. But, just like with the other kinds of investments out there, you must do your homework first if you expect to come out with such dealer profits, the appreciation of rare coins, inflation as well as getting to know the specimens which you should buy so that you will be able to ensure that you won’t be taking a loss.
An essential rule that you should be aware of is that you have to always remember that the common date Morgan silver dollars with grade below AU-50 are simply worth only their silver bullion value. Well of course, there are certainly some exceptions, particularly for the Morgan Dollars minted in Carson City but a lot of the silver dollars on the market these days never circulated being regular coinage. Well, the primary reason for such is that such US Mint produced hundreds of millions of silver dollars in the 1800’s than were required for circulation so they just sat in the vaults.
What you must do when you are interested about investing in the silver dollars is that you should only have those highest-grade silver dollars. This is due to the fact that those Morgan dollar coins are existent in higher grades unlike the other series and you should only go for those highest-grade specimens. When you are able to afford, you should buy the Proof Morgan silver dollars since they are able to perform really well as investments. You must know that the other kinds of investments to go for are such high-grade MS-65 and several others. They are really costly not like the MS-60 to MS-63 but they are really rare in those encapsulated coins which make them really great as an investment.
What you need to think of is that you should remember to consider the source. This is really something quite important when you are going to invest in rare coins such as the silver dollars. Make sure that you consider the source providing such coin grade. Also, there is a great price difference between the MS-63 and MS-65 and you must know that not all dealers out there and grading services have the same grading standards.
When you have decided to invest in those Morgan silver dollars, you need to take such delivery of the coins personally. Make sure that you keep them in the vault that you control so that they won’t get stolen by the thief.