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Home >> Why Buy PCGS Graded Morgan Silver Dollars?

Author: Gold Why Webmaster
Updated: September, 2009
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My PCGS Graded Morgan Silver Dollar  
I'm really excited about today's article because it marks a newer direction for my site. If you're a long time Gold Why reader, you know I'm all about gold, silver, and even copper bullion, but am more focused on the bullion side of things. Today's article features images of my PCGS Morgan Dollar that I purchased a while back on Shop NBC's Coin Shoppe. This coin is not only valuable for it's silver content, but also for its rarity and grade - also called numismatics.

What Is PCGS?

PCGS (Professional Coin Grading Service) is one of the top coin grading and certification companies out there. PCGS will have a professional first and foremost certify that the coin is authentic. Second, they will grade the coin. The coin pictured to the left is graded MS64. This is a relatively strong grade for a coin of this age (1904-O Morgan Dollar). The better the grade, the more expensive the coin. Third, PCGS will preserve your coin by placing it in a really great plastic hard case. What a fun way to collect numismatic coins. PCGS is a very popular coin grading service. The other big one out there is NCG (Numismatic Guaranty Corporation). My advice to you: If you're a bullion investor like myself and just starting to get your feet wet with numismatics, start with PCGS and NCG graded coins only. When you're new to numismatics, it's great to have the peace of mind that you're getting an authentic professionally graded coin. Want to learn more? Check out PCGS's website and NCG's website.

Why Did I Buy A PCGS Morgan Dollar?

This one is relatively easy! The Morgan Dollar is one of the most collectible coins out there. The Morgan Dollar is the original silver dollar. Every coin collection should have at least one Morgan Dollar. Thus, when venturing into numismatics, it was an easy decision to start with the Morgan Dollar. There will always be a very liquid market for Morgan Dollars, especially ones with top grades, such as mine. If you're just starting off in numismatics, I would suggest starting with the Morgan Dollar. As with any investment, it's important to understand the liquidity of the market (how easy it will be to find a buyer if you want to sell in the future). I love bullion because bullion is one of the most liquid markets in the world. You can sell a Gold Krugerrand anywhere in the world for its full bullion value. You will never have that level of liquidity with numismatics, but the Morgan Dollar is about as liquid as you can get.

My Numismatics Game Plan - The Pyramid of Bullion, Rare Bullion, and Numismatics

My heart and soul lies in bullion coins. I really enjoy variety within my bullion collection and owning some more rare bullion coins such as the Australian Lunar Series. My other venture into more rare bullion is the world of silver art bars. Now that I own my first PCGS coin, I'm really looking forward to buying a few more true numismatic coins. I'm still a bullion investor at heart but see a nice place in my portfolio for more numismatics as well! My game plan looks like a pyramid. The base of the pyramid is filled with gold, silver, and copper bullion coins and bars. The middle of the pyramid includes rare bullion issues. The top of the pyramid includes a few high leverage numismatic coins. A closing thought (and perhaps a good topic for a future article): this pyramid corresponds to risk and reward. The higher you go up the pyramid, the more risk but the more leverage and potential return.

Like what you see? I just purchased a beautiful brilliant uncirculated silver Peace Dollar. Like the Morgan Dollar, the Peace Dollar is an iconic American coin, a true "must have". I encourage you to take a look at the pictures of my Peace Dollar and pick up one (or a few) for yourself!

Buy PCGS Graded Morgan Silver Dollars on eBay

The Reverse of My PCGS Silver Morgan Dollar

  Obverse of My PCGS Morgan Dollar

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