Sell 1921 Morgan Silver Dollars to Invest in T206 Card?
I have several 1921 Morgan Silver Dollars. These are not rare coins, but are in really good shape. I have been contemplating selling these coins and using the money to invest in T206 PSA Graded Cards. With the price of silver not moving up considerably, while the value of T206 PSA Graded Cards continue to rise with no end in sight, I am trying to decide what my best move will be.
Any one ever done this or have thoughts on this? |
How much? ;)
I have traded silver for cards back and forth with a few folks here..... |
I would keep the Morgans over T206s, but that's just me. My opinion is probably in the minority given that this a pre-war BB card chatboard. That said, if you do decide to sell the Morgans, hit me up. I'd be interested.
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I traded commodities and silver during its run up to the 50’s. I would hold out. Unless you are completely bored and looking to get cards.
If I can provide an analogy buying or trading for T206 now would be like getting into silver at the $40’s range. |
"Really good shape" is not descriptive enough. If they are MS65 or above, then they would be investment grade and keepers, otherwise trade bait since they are anything but rare.
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channeling the Lone Ranger
“Hi Ho Silver Away” |
Nice 1st post.:eek:
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I traded cards for silver in 2012. Not a great move, though not a loss either since the cards i traded for the coins were acquired at a very low cost.
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Unless I am missing something, and I don't mean this in a condescending way at all, we are not talking a lot of money here, so rather than thinking of this as an investment I would just decide which you like better and go with that. Nobody here can predict the future anyhow. I am sure there is a wide range of opinion, for example, where the silver market is headed, and half of them are going to be wrong.
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1921 Morgans are the most common date by far, and not popular with collectors. And silver has been trading at around $14-15 an ounce for a long time. Precious metals have been selling with just minor movement for years, even in a crisis. Something is clearly different although I can't explain what that is. I would cash in the dollars and buy some baseball cards. Shouldn't be much downside.
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The advice to decide which you like better is sound, if you like the stuff, even if it goes to zero you at least still have something you like. |
I got a silver coin in change today. Haven't had that happen in years. But I digress.
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As to the original question, I traded some silver for a baseball photo and am pleased I did. If baseball cards make you happy go for it. |
No Clint, I didn't. If you email me at bsloate@verizon.net I would be happy to help you.
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Silver for cards, why not? |
That's a good one Leon. Most people don't know that wartime nickels were part silver.
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If you feel the need, go AHEAD!!!!!
I always say that when I buy something like cards, Im gonna use Gold, Silver or Cash??? Then when it comes right down to it, I don't want to spend my gold, silver or Cash. I like to Hoard it , I guess :o Have you ever tried to pay for a 75K car in 100 bills? I though about it but in the end couldn't pull the trigger. Didn't mean I didn't buy the car though :D I really like Cars. They are not FAKE! |
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My two cents:
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Why not get them graded so whoever you trade them with knows they are not altered or conserved???? Wait never mind....:p
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