The Top Five Morgan Silver Dollars
Why waste everyone's time? Let's skip the appetizers and get to the meaty stuff right now: The Morgan silver dollars poised to increase the most in value in the years ahead are the 1895, 1892-CC, 1894, 1878-CC, and the 1883-CC. Pretty bold prediction, eh? At this point, the reader now has three options: (1) Stop reading and act upon this information, (2) Stop reading and get on with life, or (3) Continue on, evaluate the analytical approach to identify the "Top Five" Morgan dollars, and then implement a variation of (1) or (2) above. If you've gotten this far, we encourage you to continue on with option (3).
First, a little background info on the Morgan silver dollar?
The Morgan silver dollar is today one of the most popular of all collector coins. First minted in 1878 following the passage of the Bland-Alison Act, the new dollar was named after its designer, George T. Morgan. Political pressure by powerful silver mining companies, in a gambit to stabilize the price of their commodity at artificially high levels, created the impetus driving the legislative action. Bland-Alison led to the overproduction of silver dollars, resulting in millions of these unused "cartwheels" languishing in bank and Treasury vaults. Indeed, few coins have ever been released under more dubious circumstances than Morgan silver dollars. Minting continued until 1904, and then again for one more year in 1921, when the series finally came to a close.
For decades thereafter, Morgan dollars were largely snubbed by hobbyists. Many dates, including those in mint state condition, could be obtained for as little as $1.00. This situation shifted dramatically in 1962, when the US government began selling original 1000-piece silver dollar Treasury bags to the public at face value. Stories of rare dollar finds circulated widely, touching off a veritable Morgan mania. Within a matter of months, all but a small fraction of the federally owned coins were transferred from government vaults to private hands, consequently expanding the Morgan dollar collector base far beyond anything seen previously.
Since then, Morgan silver dollars have proudly perched themselves atop the catbird seat of the numismatic world. Their physical size, availability, beauty, and historical significance have consistently attracted herds of new buyers. Numerous boom-turned-bust cycles have come and gone, sometimes driven by pure speculative motives, but from a long-term perspective, most Morgan dollar prices have trended somewhat positive.
Unlike some controversial promoters in the past, I do not propose purchasing Morgan silver dollars simply as investment vehicles. However, for collectors hoping to satisfy their numismatic yearnings AND acquire coins destined to be worth substantially more in the future, Morgan dollars do present a few opportunities. As noted above, as a whole, Morgans have gained moderately in value over the years. The crucial challenge, then, is to identify which members of this series have enjoyed the best growth patterns in the past. The underlying logic is clear: coins that have demonstrated the strongest gains over a long period of time are the coins best positioned to show similar price advancements with the continued passage of time.
In order to measure past performance and thus visualize Morgans most likely headed toward a bullish future, I developed a systematic approach. First, I researched individual Morgan dollar retail prices as they existed in 1950, for a broad range of conditions, and entered this data on a computer spreadsheet. Moving forward in time, values from the years 1980, 1995, and 2000 were likewise recorded. Finally, estimated selling prices in 2005 were juxtaposed with counterpart data from those earlier years. Because grading terminology has evolved over the 55 year period, certain assumptions were made to progressively track price movements throughout the time spectrum (e.g. an "Uncirculated" value in 1950 is equivalent to the "MS-60" of today).
For each date and condition, compounded annual return rates were computed from 1950 to 2005. [Editorial note: compounded annual return rate is the accepted yardstick for comparing investment performance. Of course, coins do not grow at a guaranteed uniform rate, such as bonds do, but if a coin is purchased at a certain price, and that price is compared with the value of the coin at some later date, the compounded annual return rate can be calculated for the time period in between]. Return rate computations were made from 1980 to 2005, 1995 to 2005, and 2000 to 2005. For each Morgan dollar, the data was placed in tabular format.
Next, I calculated a "composite" score for each date by averaging all the compounded return rates computed for that date. I then ranked all the "composite" scores. The Morgan silver dollars with the highest scores are as follows:
So, it would appear, based on past performance over a period of 55 years, the 1895 is the Morgan silver dollar with the best hope of appreciating significantly in the years ahead, followed by the 1892-CC, 1894, 1878-CC, and 1883-CC. Not surprisingly, dollars of the Carson City Mint occupy 13 of the top 16 positions, thanks to persistent collectors scrambling for bona fide artifacts of the romantic American West. On the opposite end of the rankings, Morgan silver dollars having the bleakest long term prospects include the 1898, 1899-O, 1884, and the 1888-O, followed by the 1897 coming in dead last with a score of 2.66.
Anyone whose dual objective is to acquire Morgan silver dollars with a bullish future ought to begin looking at the "Top Five" above. Purchase coins in the best condition you can afford, but be sure the coins are clean, problem-free, and CERTIFIED by a reputable grading service. Be prepared to hold for at least five years. Morgan dollars have skyrocketed in value in the last three years, so some cooling off may be in order before the next upward cycle.
If a polling firm were to survey the population of US coin collectors, it is very possible that Morgan silver dollars would win the vote as the most appealing coin in American coinage history. These beautiful coins have been the heartbeat of the hobby for many years, with no retreat in sight. Ironically, these same coins spent the better part of a century hidden away in government vaults, unseen, unwanted, and unloved. My, how times have changed!
Author Daniel J. Goevert is the webmaster of US Coin Values Advisor (us-coin-values-advisor.com), specializing in coin value trends and listing bullish US coins. Other offerings include detailed coin collecting advice as well as an illustrated history of the United States and the US Mint.
Genealogy in Switzerland - A Longenecker Family Search
I recently visited Langnau, Bern, Switzerland and spent two days immersed in all things Langenegger. My wife and I arrived at the Langnau rail station on June 25, 2004, exhausted from a long flight from San Francisco.
Money Making Hobbies - Which Ones?
Which ones can be money making hobbies? A friend made a life-sized cow out of plywood once. He painted it, put it in the yard, and people started asing if he would sell it.
How To Create A Collage Journal
Creating a collage journal is a unique and fun way to personalize and enrich your journal. Making a collage journal is something that everyone can enjoy.
Bartering: A Modern Day Phenomenon
Back in the early days of America, families didn't have much in the form of money. What they did have was skill, creativity, and a desire to help each other out.
The Art of Cutting and Cropping for Your New Scrapbook
Often photographs aren't quite the right shape and size or the photographic image is improperly centered. Having oversized or off centered photographs creates an air of unprofessionalism.
Jewelry Insurance - Hints and Tips So You Dont Get Ripped Off
As crime and drug use increases, the risks involved in having Antique and Estate Jewelry just lying around your home seem to treble. It becomes a nightmare and you find you are just not sure what to do.
Patterning and Spacing in Your Scrapbooks
How can you arrange your scrapbook page to best show off your mementos and embellishments? You can place everything in the center of your page, place a single focus item in the center, or divide the page into sections adding items to each section. You may also choose to lay the items out in a standard recipe or calendar layout.
Soap Making For Beginners - Melt And Pour Process
As you will learn, soap making can be simple or complex. Some people enjoy the challenge of going all out professionally, which is fine.
An Introduction to Lanyards
Lanyards are pieces of rope, wire, or cloth specifically designed to attach to objects. They are typically used to secure small items such as a work badge, key, identification card, eyeglasses, whistle, cell phone, bottle opener, knife, or compass.
Woodworking: Protection When Working With Wood - Ignoring Could Potentially Harm Your Health Or Kill
Woodworking: Basic Safety TipsWoodworking can be a dangerous undertaking if you are not careful and choose to disregard safety guidelines. A circular saw, router, or other piece of power equipment can disfigure and even kill if not used properly.
Scrapbooking Ideas for Kids
Many times at auctions, or estate sales, a box of books will turn up a real treasure, like a scrapbook that was kept by someone in their youth and sometimes through their adulthood. The book could be 50 or 60 years old, and a source of great fun to look at the pictures, news clippings, and personal mementoes.
Why Should You Collect Cat Collectibles?
Let the cat out of the bag! True, you will know various cat collectibles in here. No secret will be hidden, and no cat collectibles you wouldn't know.
Easy Steps to Scrapbooking with Young Kids
Kids grow up so fast and if you don't try to capture some of these wonderful memories through some means, they'll all slip through the fingers just in a snap. And scrapbooking is a fabulous way to preserving those memories, by combining the photos and journaling of your kids.
Pump Up Your Life with Scrapbook Pages of Certainty
If you can voice enthusiastically that scrapbooking is your passion, could you say the same thing about how you feel towards yourself?Yes, can you tell others without turning all red in the face that you are passionate about yourself and about who you are?Are you thinking what a Weird remark to make to others? Could anyone ever be passionate about themselves?But why not?Do you really want to wait a lifetime for that someone to tell you that they're passionate about you, while you can't say the same thing about yourself?As scrapbookers, you might deliberately or unknowingly be consumed with the business of scrapbooking your kids' or your loved ones' lives. And all these time neglecting to do pages on yourself.
More Than A Memory- A Legacy
Everyone has that box of pictures either in a close or in a garage. Even worse yet in a magnetic album.
How to Make Your Civil War Uniform Shirt
Your own shirt designed and made by you for your own Civil War Uniform Impression is easy and economical. Follow these simple directions, and your Civil War uniform shirt will be exactly how you want it.
Photograph Mosaics and Markers in Your Scrapbooks
An attractive technique for placing photographs into scrapbooks is the photograph mosaic. Mosaics stretch photographs into an artistic rendition of the original photograph.
Airbrushing Does Not Have to be All Disappointment, Heartache, and Bloody Hard Work!
A smart, but irritating man once told me that Airbrushing did not have to be all blood, sweat and tears. If only I had someone guiding me back in those hard, frustrating and sick in the stomach days of airbrushing, I wouldn't have wasted all that time and money!So here you are.
Genealogy - Why You Should Get Involved in Your Family History
A few years ago I read a statistic that said that genealogy was the second largest hobby in the United States - second only to gardening. It was no surprise to me as I have been finding and documenting my family tree for almost 30 years.
How to Make a Simple Gemstone Necklace
With gemstone beads, every bead is precious. Every bead is beautiful.
|home | site map © 2013|