Such Morgan silver dollars have surely become very popular as an investment vehicle for the coin collectors out there because they surely cost quite a reasonable amount of money to buy. 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 similar to the other forms of investments, you need to do y our homework when you are expecting to have dealer profits, inflation, appreciation on the value of the rare coins and also knowing the specimens which you should buy so that you can make sure that you won’t have that 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. Of course, there are surely exceptions, especially for the Morgan Dollars from Carson City but so many of these on the market nowadays are not being used as regular coins. The main reason is that the US Mint produced millions of silver dollars in the year 1800s than what has necessary for circulation so they were just kept in the vaults.
If you are going to invest in the silver dollars, you must remember to only go for the highest-grade silver dollars. This is because such Morgan dollar coins do exist in higher grades as compared to the other series and you must only invest in the highest-grade specimens. If you are able to afford it, you should just get the Proof Morgan silver dollars because they are really great as investments. Moreover, you should know that other best investments are such high-grade MS-65 as well as others. They are really costly unlike the MS-60 to MS-63 but they are quite rare in the age of encapsulated coins which make them a fantastic investment.
An important thing that you must also do is that you should be mindful of the source. This is really something quite important when you are going to invest in rare coins such as the silver dollars. You need to consider the source which is providing the coin grade. You should know that there is a huge price difference from MS-63 to MS-65 and you have to know that all of the dealers out there as well as grading services have the same grading standards.
Lastly, when you have made such decision to invest in the Morgan silver dollars, you should be taking the delivery of the coins in person. Ensure that you keep them in your vault so that they will not be stolen.