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California Numismatic Investments

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Hidden Profits In High Grade
Morgan Silver Dollars (1878-1921)

This Series Is One Of My Two Favorite Choices

The Morgan silver dollar, named after designer George T. Morgan, is one of the most widely collected and studied silver coins ever produced by the US government. This investment grade silver dollar can provide healthy profits for reasons most investors completely overlook, yet nearly everybody can get started regardless of their investment budget.

The timing could not be better regarding this investment as one of the most fascinating books on the Morgan Dollar has been published by prominent rare coin author Q. David Bowers. The Official Red Book of Morgan Silver Dollars (Whitman Publishing LLC) provides Bower’s insight along with pricing and history on one of America's favorite rare coins.

There are a number of compelling reasons to invest in Morgan dollars and all focus on its history and origins of its notoriety. Most Morgan dollars were produced in large quantities because of the infamous deal struck between early Nevada silver producers and the US Mint. These silver producers of the Comstock Lode had an oversupply of silver and America had unemployed workers, a combination that likely led to the Bland-Allison Act of 1878 which authorized the new Morgan dollar. It was legislated that silver from the Comstock Lode was designated specifically to produce large quantities of Morgan silver dollars with the intended benefit of helping with the unemployment problem. As is sometimes the case with government intervention, the plan wasn’t well designed and a great deal more coins were minted than were needed for everyday commerce, necessitating costly government storage of the surplus. Finally in 1918, the burden of storage was addressed, and under provisions of The Pittman Act, almost 300 million of these silver dollars were melted, without regard or record as to date or mintmark. This unfortunate action has led to one of the great investment opportunities in America's most prized silver coin.

8 Reasons Which Could Influence Your Decision
Including My First, Second, and Third Investment Rules

1. Without question the Morgan dollar is one of the most important and well-known silver coins ever minted. It is more popular than $20 gold pieces, more popular than type coins and even more popular than commemoratives. In fact a customer who looked at the graph and wanted to take advantage of these prices said he purchased PCGS MS65 Morgans, "because it is the first coin most of us consider." It literally stands for and represents the Old West and the lore that goes with stagecoach delivery and mining towns. It is also the first of two early silver coin series which are my favorite non-bullion choices because they share common investment benefits.

2. The Morgan dollar is not an obscure rare coin investment and many consider it a virtual barometer of the coin business. Any analysis of rare coin prices also places importance on this series because it is widely held by investors and collectors alike. But the single biggest driving force behind my recommendation is that this entire series is ridiculously cheap. Take a look for yourself and you will see that many dates and mint marks are still offered in the same price range as very common modern issues now being produced by the US Mint. It is amazing to me that these early silver dollars in high grades are not selling for 5 or even 10 times current prices considering their historical significance. I believe the only reason this is true is simply because the public does not understand the dynamics I have written about in this short commentary.

3. The authorized melting of almost 300 million coins in 1917 created investment opportunities whose upside is still being analyzed. The Morgan dollar was produced at 5 different mints over a span of 28 years and so contains dates and mint-marks that are overlooked even today, creating ample investment opportunities. And the popularity of this important silver coin insures a wide distribution meaning past graded examples are in strong collector hands so even large dealers only have access to limited numbers regardless of demand.

4. With the inception of PCGS grading, the coin's condition and authenticity are guaranteed since PCGS employs only world-class graders, who independently agree on the coin's grade. A PCGS grade is as well respected as Abe Lincoln’s word and you can learn why we only recommend this grading service by watching: The PCGS Grading Process Video

5. Rare coins are graded using the Sheldon Scale of 1 to 70 and the higher the relative number the better the coin's condition. Choosing the correct grade is important because investment by condition has always been the hallmark of rare coin success. Most Morgan dollars were minted and then saw immediate circulation because they were needed in everyday commerce to help a growing America. In such day to day transactions they became circulated and less valuable than my studied choices which were saved and remain pristine which leads to my First Investment Rule: The most universally sought grade is Mint State 65 (MS65) or Gem Uncirculated, because at this lofty grade the number of coins graded by PCGS decreases dramatically but in many cases the price point is still attractive.

6. Since the advent of independent certification by The Professional Coin Grading Service, records of the total number of Morgan Dollars graded by condition are published each month; there is no more guessing about the number of outstanding examples of any coin in any grade. A simple peek at the PCGS Population Report will reveal the exact number graded and their assigned grade. Using population numbers and the selling price leads to my Second Investment Rule: You can figure each coin’s Benefit Factor which is a straightforward approach offering a simple way to choose the coin with the best investment value. What is even more fun is that this technique is not widely understood and can be verified by anyone with a calculator.

7. The Morgan Dollar is considered to be one of America's most beautiful coins. Our dignified Miss Liberty is on the front (called the obverse) and a majestic eagle whose wings are outspread, holding an olive branch in one talon and a bundle of arrows in the other is on the reverse. This coin is a classic from the golden age of U.S. coin design. The grade of these coins is guaranteed by PCGS but it is important to remember that the coin's eye appeal is paramount. That is why I hand select each example insuring they are "blast white" and fall within the top portion of the grade range. I use 30 years of experience to provide this "extra value" at no extra cost which leads to my Third Investment Rule: Morgan dollars with great eye appeal always deliver better price performance.

8. The bar graph below should also convince you that that today's pricing presents historically low premiums and leads to a better chance of longer term investment success.

LEARN MORE ABOUT ONE OF MY FAVORITE SILVER SERIES

Invest $4000 And Take Advantage Of My 5% Discount Club

1. Call toll free (1-800-225-7531) with your questions and I will offer more insight including a few potential pitfalls because all coin choices involve some risk. Also keep in mind that while my pricing list is complete it is only a reference. I rarely have all coins for two good reasons: First, while the technical grade of MS65 is guaranteed by PCGS I only choose examples which fall into the higher end of the grade range. Second, these carefully chosen coins must also be blast-white in color. This special approach does not cost more but may present greater future profits because superb "eye appeal" is like cash in the bank.

2. There is nothing which can replace holding these gem uncirculated 100 year old Morgan dollars in own your hands so here is my Risk-Free Offer: If you believe, as I do, that these classic silver coins represent a great opportunity call and inquire about availability. There is no obligation and this will allow us to custom fit this investment to your specific needs regardless of your budget. If you decide to place an order the coins will be hand selected, premium quality PCGS MS65 examples and we even pay for shipping and insurance. Your satisfaction is guaranteed and if you are not delighted simply return the coins within 7 days for a complete no questions asked refund. And by the way your $4000 purchase makes you part of my 5% Club which gives you the same 5% discount on all future silver dollar investments. It is just my way of saying thanks for considering one of my favorite rare coin choices.

Thanks for reading.

Ken Edwards
1-800-225-7531
PS / Have questions or want a call back? kenedwards@golddealer.com

Copyright © 2011 CNI, Inc.- The Morgan Dollar Report

MORGAN DOLLARS CERTIFIED BY PCGS MS65
Gem Uncirculated & Hand Selected Within The Grade Range